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Lloyds Bank Business
4(6,893 reviews)
FSCS ProtectedUK LeaderSME Specialist
Overview
Lloyds Bank provides tailored business banking solutions with a strong UK presence and dedicated support for small and medium enterprises.
Banking Features
business Account
personal Account
savings Account
current Account
multi Currency
overdraft Facility
business Loans
credit Cards
debit Cards
mobile App
online Banking
branch Network
atm Network
phone Support
relationship Manager
Pros
- Extensive UK branch network
- Strong SME support
- Reliable mobile app
- Good business loan options
- Established reputation
Cons
- Higher transaction fees
- Limited international services
- Longer wait times for support
- Complex product range
Best For
UK-based SMEs
Businesses needing branch access
Companies requiring business loans
Traditional banking preference
FSCS Protected • FCA & PRA Regulated
Fees
monthly Fee
£6.50
transaction Fees
45p per transaction after 18 free
cash Withdrawal Fee
Free at Lloyds ATMs
international Transfer Fee
£9.50-£25
overdraft Rate
7.5% - 10.5% APR
atm Fee
£1.75 at other banks
Interest Rates
savings Rate
1.25% - 2.25% AER
business Savings Rate
1.5% - 2.8% AER
overdraft Rate
7.5% - 10.5% APR
loan Rate
6.0% - 13% APR
Regulation
Regulators
FCAPRA
Deposit Protection
FSCS Protected
Protection Limit
£85,000 per person
Services
Branch Count
740
ATM Network
3200
Support Hours
7am-10pm daily
Account Opening
5-10 days
Ratings Breakdown
service
4.1
fees
3.5
app
4.2
reliability
4.3