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Mint Formations

Lloyds bank business current account

When you register your company with Mint Formations you become eligible for free business current account with Lloyds bank. After your company registration process is complete, we will make it easy for you to apply for a business current account with the Lloyds bank.

A business bank account is essential in the UK for trading as a Limited Company as your business transaction cannot be done using a personal account.

Running your own business can be a challenge but you can face your next step with confidence with a Lloyds Bank Business Current Account.

  • 18 months’ free day‐to‐day business banking1
  • 9 out of 10 approval rate on loan and overdraft applications2
  • A UK-based management team on hand to guide and support you
  • Voted Business Bank of the Year at the FDs' Excellence Awards for the past 14 years3
  • Simple everyday banking with 24/7 access ‐ by phone‚ online or using our mobile app4
  • Extensive online resources including business guides through our Business Knowledge Box and current research on the Business Resource Centre

This account is available for businesses with an annual turnover of up to £3 million.

By choosing to opt for a business bank account via Mint Formations you not only save time and effort but also get the banking process done quickly.

Lloyds business account

Once your company is approved and incorporated with Companies House, our team will forward your details via a secure channel to Lloyds Bank. Lloyds will call you within the next 2 working days and setup a meeting with your dedicated business manager. During the meeting they will brief you about the documents and requirements and invite you for a meeting. After the meeting your Lloyds business account will be activated (after completing the bank process) which normally takes around 1-2 days.

  • Whether you are starting out or setting up another business, Lloyd’s business banking experts will offer professional guidance and advice to help you handle banking with ease.
  • Apart from Lloyds Telephonic support, you will also get a dedicated business banking manager to assist you.

Important Information

Cheques, cash, standing orders, direct debits, withdrawals and deposits are included in Lloyds free business banking account. Your account should either be operated in credit or within the agreed limits of Lloyds Bank.

Lloyds free business banking account is currently available only for Limited by shares and LLPs with UK residents as directors and shareholders. Overseas or nominee directors and shareholders are not eligible for Lloyds free business banking offer. Companies limited by guarantee cannot apply for this offer.

1Free 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.

29 out of 10 is based on formal credit applications and is an average across the period January 2017 ‐ December 2017.

3FDs' Excellence Awards 2005‐2017 supported by Real Business. For more information visit lloydsbank.com/bankoftheyear

4We 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. 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. Business 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.

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.

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.

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5 reasons to choose Mint

  1. No hidden costs (honest pricing)
  2. Prestigious London Address
  3. FREE lifetime customer support
  4. Companies House authorized
  5. Consistent 5-star reviews

Prefer a personal manager to register your company on your behalf?

Worried about making mistakes? Not comfortable doing it yourself? We offer UK company formation service with a dedicated personal manager. Your personal manager will collect the details from you via email and register your new company the correct way. Please fill in your details and we will contact you.

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