Once you decide that you wish to trade you will need to open a bank account in the name of the limited company. You should not use a personal account especially if you have cheques to pay in as the bank will not accept these if in the name of the limited company.
Same-Day Company Services has a relationship with Lloyds Bank in which you can open a Lloyds Business Current Account with ease and obtain £40 cashback in the process. (potential customers in Scotland will be allocated to Bank of Scotland)
| When you select the Barclays Cashback Option we will send your contact details to Lloyds Bank. |
| Within 48 Hours a business manager from Lloyds Bank will contact you to arrange a suitable time to meet up – this will be at a branch located near to you. |
| Once Lloyds Bank confirm that your account has been opened you will need to complete a cashback request form and submit it to us and we will then transfer the cashback amount to you within 14 days. |
Lloyds Bank has created an account that helps new businesses to get off the ground. It is designed to be simple and convenient, so you can spend less time worrying about your banking and more time building your business. The offering includes a range of banking services via multiple channels as well as support and guidance from their experienced business management team. Lloyds Bank helps over 100,000 businesses get started each year, so you can be sure your banking is in safe hands.
| 18 Months free (1) business banking |
| Manage your account through Internet Banking, Mobile Banking, over the phone or in branch |
| Get support from their business management team |
| Access to comprehensive guides on starting, operating and growing a business |
| Choose a Monthly PricePlan or an alternative tariff once your free banking (1) period is over |
Free 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. We will not be able to assist you with 18 months free banking or the cash back reward if your turnover is above £1Million or if you already have a face to face business relationship with Lloyds Bank Commercial with another business account
To apply for a business account for start-ups, you should: