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Business · Checked against Lloyds’s own page

Lloyds Business Account: £10 a month, free for the first 12 months, then the fee starts

Lloyds Business Account: £10 a month Free for the first 12 months, then the fee starts. The 6 months' free Xero and £200 Amazon gift card offer carries its own conditions, and charges beyond the account fee still apply to how you use the account.

£10 a month
Free for the first 12 months, then the fee starts
  • No account fee for 12 months, then £10 a month
Worth knowing

The 6 months' free Xero and £200 Amazon gift card offer carries its own conditions, and charges beyond the account fee still apply to how you use the account.

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The details

Account type
Current account
Who can open it
Both
Free period
12 months
Worth knowing
No account fee for 12 months, then £10 a month
Protection
UK-authorised bank.
Details
No monthly account fee for a year, then £10 a month. Current opening offer: Xero free for 6 months plus a £200 Amazon gift card, on Lloyds' stated conditions. Send up to £250,000 a day; pay in cheques and share receipts in the app.
Source
Lloyds's own page Checked 25 Aug · No commission

How MoneyHQ checked this

We read Lloyds’s own page on 25 Aug and wrote down what it says: the figure, the conditions and the catch. Figures change, and the provider’s page is always the final word. The page we read is here. If you spot a difference, tell us and we will check again.

How it compares

8th of 8 by monthly fee, lowest first, among the business current accounts MoneyHQ has checked.

AccountMonthly feeFree periodWho can open itChecked
Allica Bank Business Rewards AccountNoneAlways freeLimited companies25 Aug
Mettle Business AccountNoneAlways freeSole traders and companies25 Aug
Monzo Business LiteNoneAlways freeSole traders and companies25 Aug
Starling Business Current AccountNoneAlways freeLimited companies25 Aug
Tide Free planNoneAlways freeSole traders and companies25 Aug
Lloyds Business Account (this offer)£10 a monthFirst 12 months freeSole traders and companies25 Aug

Every figure is from each provider's own page, checked on the date shown on that offer. MoneyHQ orders this table by monthly fee, lowest first alone; commission never changes the order.

Other business offers we have checked

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