T o help new companies get started, we offer a fast track bank account referral service with every company formation. You will be shown a selection of banks during the order process. Options include traditional banks and challenger banks who offer multiple benefits to modern businesses including same day account opening, foreign money transfers, accounting software integration and more.
Read on for information on our Banking partners and their different benefits:
Simple everyday banking that lets you focus on running your business. With a range of time saving tools and tips Lloyds Bank can back your ambition.
Take your next step with confidence, with a Lloyds Bank Business Current Account:
This account is available for businesses with an annual turnover of up to £3 million.
You're Eligible If:
How it works: Select Lloyds during the order process and an attachment with a sign-up link will be sent to you with your confirmation email once your company has successfully been incorporated with Companies House.
Revolut offers a global business current account for easy international payments, with a prepaid business card and an open API.
Why choose a Revolut business account?
How it works: Select Revolut during the order process, and a sign-up link will be shown on the final confirmation page and within the email you’ll receive confirming your company has successfully been incorporated.
Tide offers you a sort code and account number in 5 minutes. Makes accounting easier with auto-tagged transactions and you can apply for credit in minutes, receiving money in your account instantly if you're approved.
1 in 12 business current accounts opened in the UK was with Tide, within a year of their launch.
A business current account with Tide offers you the following benefits:
How it works: Select Tide during the order process and an email and text will be sent as soon as the company has been incorporated providing instructions on how to download the app to open your account. This process generally takes around 5 minutes unless you are required to submit further ID documentation.
Faster, simpler and smarter online banking services that work around your needs with no credit check required to open a business bank account. With the ability to add pre-approved credit products (subject to status) to get your cash-flow moving, track your expenses in real-time and manage your account in an app with just a few taps.
How it works: Select Cashplus during the order process and an email will be sent to you as soon as your company has been incorporated containing your new company account details, and asking for additional ID documentation if required.
The business account that does your books.
CountingUp is built to make running your business easier, with business current accounts free to get started with and fast to open you can get a hassle-free business current account today.
Opening a business bank account with CountingUp means you will benefit from:
How it works: Select CountingUp during the order process, and a sign-up link will be shown on the final confirmation page and within the email you’ll receive confirming your company has successfully been incorporated.
For full details of Lloyds Bank terms and conditions please view the document below:
1 Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits.
2 9 out of 10 is based on formal credit applications and is an average across the period January – December 2018.
3 FDs' Excellence Awards 2005 – 2019 supported by Real Business. For more information visit lloydsbank.com/bankoftheyear.
4 We don’t charge you for the Mobile Banking app but any applicable account transaction charges will still apply. You should also check with your mobile operator as they may charge you for certain services such as downloading or using the app. You will need a smartphone running iOS or Android. The app is not compatible with some older versions of the operating systems – check the Apple App Store or Google Play for more details. Online for Business registration required. Services may be affected by phone signal and functionality. Use of Mobile Banking is subject to our Online for Business Terms and Conditions.
Occasionally we may need to carry out essential maintenance, resulting in some interruption to service.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500. Registered in England and Wales no. 2065.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
Want to register your company today? Start here.