Is a Lloyds Bank business account right for you?
Read real customer reviews below along with more information about the various banking services Lloyds Bank offers to businesses.
Sections
Lloyds Bank Customer Reviews
Review Summary
Recent Reviews
There are no reviews yet. Be the first one to write one.
Submit a Review For Lloyds Bank
Lloyds Bank Reviews From Other Websites
Lloyds Bank Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 1.70 | 13% | 79% | 4,311 |
Source: https://www.trustpilot.com/review/lloydsbank.com
Lloyds Bank iPhone & Android App Reviews
| App Type | Review Score (out out 5) | Total Number of Reviews |
|---|---|---|
| iPhone | 4.80 | 1,900,000 |
| Android | 4.60 | 317,000 |
Source:
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://play.google.com/store/apps/details?id=com.grppl.android.shell.CMBlloydsTSB73&hl=en_GB
Lloyds Bank Basics
| Bank Type | High Street |
| FSCS Protection | Yes, up to £85,000 |
| Branch Locations | UK-wide |
| Card Type | Visa |
| FCA Number | 119278 |
| Online Banking | Yes |
| Mobile Banking | Yes |
| In Person/Branch Banking | Yes |
Customer Support Options
| Phone Support Available | Yes |
| Email Support Available | Yes |
| Support Via Their App | Yes |
| Web Based Support | Yes |
| In person Customer Support | Yes |
Lloyds Bank Business Account Types
| Business Current Account | Yes |
| Business Savings Account | Yes |
| Business Credit Card | Yes |
| Business Overdraft | Yes |
| Accounts For Startups | Yes |
| Accounts For Charities | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | Yes |
Opening A Lloyds Bank Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
7 Working days |
| Do They Check Your Credit? | Yes |
| Current Account Switch Service | Yes |
Click to open a Lloyds Bank Business Account
Lloyds Bank Business Savings
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts |
| Lowest Savings Rate (AER) | 1.31% |
| Maximum Savings Rate (AER) | 4.37% |
| Minimum Savings Amount | £1 |
Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current Lloyds Bank rates
Lloyds Bank Fees & Charges
| Free Business Bank Account | Yes |
| Free Business Account Term Length | 12 Months |
| Cheapest Monthly Account Fee | £8.50 |
| Most Expensive Monthly Account Fee | £8.50 |
| Electronic Payment Cost (in/out) | Free / 20p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 |
| Cheques in/out | 85p per cheque |
| CHAPS Payments Cost | £30 |
| SEPA Payments Cost | £5 |
Lloyds Bank Foreign Currency Accounts
| US Dollar (USD) Bank Account | Yes |
| Euro (EUR) Bank Account | Yes |
| Interest Paid On Foreign Currencies | Yes |
Other Currencies Available:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Swiss Franc (CHF)
- Japanese Yen (JPY)
- New Zealand Dollar (NZD)
- Singapore Dollar (SGD)
- Hong Kong Dollar (HKD)
- Chinese Yuan (CNY)
Other Lloyds Bank Business Services
| Business Loans | Yes |
| Commercial Mortgages | Yes |
| Invoice Financing | Yes |
| International Payments | Yes |
| Merchant Services | Yes |
| Card Machines | Yes |
| Free Accounting Software | Yes |
Click to visit the Lloyds Bank website
For other business bank accounts see out guide here.
Leave a Reply