Business Extra Tariff
Day-to-day banking
Like any business we make charges for the services you use. This page gives you details of our day-to-day banking charges.
When your free banking period ends our Business Extra Tariff will apply, you can choose to remain on the tariff and earn credit interest. If you use electronic or automated ways of banking then you may prefer our Electronic Business Tariff, which includes lower cost charges for those types of transactions if a credit balance of £1+ is maintained. This account does not pay credit interest.
Our charging cycle runs from the 10th of one month to the 9th of the following month.
Compare our tariffs side by side
Account maintenance
Account maintenance fee (charge made for the basic administration costs of running your account): £5.00 a month
Monthly interest
Account maintenance fee (charge made for the basic administration costs of running your account): £5.00 a month
Account payments
Transaction Type | Charges |
|---|---|
Cheque | 65p |
Direct Debit | 40p |
Standing order | 40p |
Transfer (transfer to another account in your name with the sort code starting 30-xx-xx) | Free |
Debit card transaction (excluding ATM) | 40p |
ATM withdrawals (Free from a Lloyds TSB Cashpoint machine) | 45p |
Other debit | 65p |
Internet banking | 15p |
Bulk Payment – per item* | 15p |
Bulk Payment – batch direct debit* | 40p |
PhoneBank | 15p |
PhoneBank Express | 15p |
*You will be charged an item fee for each individual payment that you make within a Bulk Payments batch. In addition you will also be charged for the debit made to your account for the total amount of the Bulk Payments batch - charged at the rate of a Direct Debit.
For example, a batch of 10 payments will incur a charge of 10 x 15p for the individual payments as well as 1 x 40p for the direct debit to the account. This makes a total of 11 individual charges.
Account receipts
Transaction type | Charges |
|---|---|
Automated credit (includes telephone and Internet banking) | 20p |
Credit paid in at Lloyds TSB branch | 70p |
Credit paid in at another bank | 70p |
Credit paid via nightsafe | £2.00 |
Transfer (transfer to another account in your name with the sort code starting with 30-xx-xx) | Free |
Other credit | 70p |
The processing cycle
Payments made through your account are processed in different ways. Find out more information about the cheque clearing process for cheques, automated payments and Internet and Telephone banking transactions.
Other services
Transaction type | Charges |
|---|---|
Cash paid in | 57p per £100 |
Cash paid out at Lloyds TSB counter | 62p per £100 |
Cash exchanged | £1.65 per £100 |
Cheque paid in | 28p |
Cardnet envelope paid in | Free |
BACS – batch file submitted | £4.00 |
BACS – debit or credit item | 10p |
Telepay – debit or credit item | 40p |
Unauthorised borrowing
Transaction type | Charges |
|---|---|
Unauthorised borrowing fee | £15.00 |
Unpaid item | £35 for each item not paid |
Unauthorised borrowing fee – We charge you this when you first go overdrawn, or go above your agreed overdraft limit by £50 or more. There will be a further charge each time you increase the amount borrowed by £50 or more, unless a higher limit is agreed with us or until the account is within its existing limit or in credit. This fee will apply, for example, if you draw against cheques which have not fully cleared and this takes you overdrawn or over an agreed limit.
Unpaid item – We charge each time we have to return a cheque unpaid, or cannot pay a standing order or direct debit, because there isn’t enough money in your account.
