O nce you've registered your company, you'll want to start trading, but you can't do this without having a business bank account. It is a legal requirement.
Businesses pay for their business bank accounts. Unlike your standard current account, it requires a cost. That's why we offer a bank that gives you free banking in your early days.
To get your company up and running as quickly as possible, we offer a free Lloyds Business Bank Account with a £50 reward with every company registered with us. Here are the perks:
Lloyds Business Bank accounts are subject to normal bank credit and money laundering checks.
To apply for a business account for start-ups, you should:
You can select an Lloyds Business Bank Account in the order process at the 'banking' stage. What happens after that is simple. These are the steps required once you've chosen your new Lloyds Business Bank Account:
Once your Lloyds Business Bank Account has been set up, you can claim your £50 reward by following these steps:
For full details of your terms and conditions please view documents below:
*Free business banking includes electronic payments, cheques, cash, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. Free electronic payments include UK Sterling Direct Debits, Standing Orders, Debit Card Transactions, Lloyds Bank/Other Bank ATM Withdrawals, Internet/Phonebank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits.
We don't charge you for Mobile Banking but your mobile operator may charge you for certain services such as downloading or using the app, so please check with them. Our new app requires iOS 7.0 or above, or Android 4.1 or above. Internet Banking registration required. Services may be affected by phone signal and functionality. Use of Mobile Banking is subject to our Business Internet Banking Terms and Conditions.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
Quick Formations and Lloyds have entered into a referral arrangement whereby a fee will be paid by Lloyds to Quick Formations on the successful opening of a Lloyds Business Account.
Want to register your company now and get a £50 reward? Start here.