Write a review

Lloyds Bank: Business Banking reviews

Name: Business Banking
Rating: 2.56 (144 reviews)

View other Lloyds Bank products

2.60

Based on 144 reviews, last reviewed 2nd Apr 2025

200% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

23%

11%

12%

47%

Latest highest rating:

5

Great experience It’s been a very great experience since I started banking with Lloyds Bank, I get my credit score updated every week for no cost and it’s been really ... Read more Reviewed on: 2nd April 2025

Latest lowest rating:

1

There business banking account is shocking compared... There business banking account is shocking compared to others and they charge £8.50 a month which is most than others , zero interest given , zero too... Read more Reviewed on: 27th October 2024

Read all reviews See your review

About this product

Lloyds Bank business banking reviews at Smart Money People are helping other business people to fund out what being a business banking customer at Lloyds Bank is really like. With business banking and aspects such as access to finance being so important to many business owners, Smart Money People is becoming the UK's leading source of Lloyds Bank business banking reviews. Remember that you can write yours too, and join our mission to increase trust and transparency in financial services.

Lloyds Bank Business Banking reviews (144)

Review of the Lloyds Bank, Business Banking:

No customer focus

This is my opinion after banking with Lloyds for 30 years as a business customer After building a flooring business up to close on 1 million turnover per year and being very lucky enough not to ever need to get a loan I opened a new holding company and registered it with hmrc I then contacted Lloyds to open a new business account under the holding companies name this was just to hold excess monies from the main company I own it was all done above board and was money that had been saved up over 30 years with out spending it I was hoping to retire early well fingers crossed I filled the on line application for the new bank account again remember I’ve been with Lloyd over 30 years with over £400000 cash sat in my main business account Went to work this morning 2nd November 2021 opened my mail and 4 weeks after applying for this Lloyds business account Lloyds turned it down so I called Lloyds who told me absolutely nothing bar they wouldn’t open a account for me and gave no explanation Remember we get nothing for loyalty at Lloyd’s anymore you could have the best credit going but Lloyds are not accepting new business accounts as due to being shot staffed and that they make much more processing government back business bounce back loans they allow existing customers to spend hours and lots of time finning forms out and making phone call to Lloyds when they could have told me there not accepting new business banking for now which seems very disingenuous they are obviously not advertising this as it doesn’t look professional to advertise that there to short staffed or too disinterested in looking after loyal customer I have now opened my new holding company bank account with hsbc who opened it the same day and are in the process of switching my main business account to them all with free banking for 24 months Don’t. Forget if you honestly require a transparent corporate banking company who respect loyal honest customers please don’t build a relationship with Lloyds as you’d be extremely disappointed This review does sound like scorned customer who has a axe to grind I’m certainly not I’m just a business owner who’s worked hard for over 30 years and felt that people should know about loyalty or should I say lack of from Lloyd Reviewed on: 2nd November 2021

Extremely high charges, no 24 hour support

Extremely high charges, when others are free. Real person support is limited to office hours, where others are 24/7. Like most people I work during office hours so it's difficult to take time out to wait an hour on hold during my working day Reviewed on: 29th June 2021

Avoid it!

1 they closed my business account without telling me. ( that's another story when I was calling customer service about it when I told the lady that I am an existing customer she started to scream "don't you swear at me" Well lady.. If existing customer is a swear word for you, you really need to change your job) 2 They issued a check to my business name without asking what should they do with the balance left. 3 I needed the money urgently. Couldn't cash it in online as the amount is too big. Had to take time off from work because the branch is only open Monday to Friday till 3.30pm. 4. Still couldn't cash it in because it was issued to my business name. And they couldn't sort it in the branch I had to call them again. Took another 2 calls 1.5 hrs of my life. Will be taking my personal account away as well.. Reviewed on: 21st June 2021

Great service by Lloyds

My card was used by some scammer from Asia and cost some about 2000£ , Lloyds bank straightaway refund money . I’m happy with over all service Reviewed on: 14th April 2021

very good

very good helpful no restrictive Reviewed on: 8th April 2021

Business account

I applied for a business account, 4 months have passed although I submitted the documents, but still no response. Reviewed on: 21st March 2021

Don't even bother

Was a good customer, customer service don't bother,online support don't bother,help don't bother, pull your trousers down they will ! Reviewed on: 19th March 2021

a sound webshite

fairly good website. poor interest on deposits, inconsistencies in the site. staff pleasant Reviewed on: 14th March 2021

Good value for money

always good to have who are reliable and friendly and help the customer when we need financial help Reviewed on: 20th February 2021

Terrible

Really terrible from start to finish. Not a good thing to say about any of the process. Reviewed on: 15th February 2021

Stay Away From Lloyds Bank!

Sincerely recommend you DON'T USE LLOYDS BANK!! 1. Wait for a month after opened the account to get the card. The reason was the staffs forgot to order the card. 2.Really bad service. The supporters on the phone are really impatient, hang up the phone when the signal is not good or when they don't hear you clearly. And the staffs in the brunch are really unhelpful, always ask customers to wait without giving help. 3. Locked my account without any reason after I transformed money from another bank. 4. Sent me the invalid activation code for twice. Overall, if you don't what any trouble, stay away from lloyds bank! Reviewed on: 22nd November 2020

Do you have a different Lloyds Bank product?

Share your experiences with products to help others make smarter financial decisions and learn more about different products available. Write a review

Are you a business? Get insights, reply to reviews, invite customers and understand their needs

Alternative products

Business Current Account
from Unity Trust Bank 4.00 from 1 reviews
Business Current Account
from Allied Irish Bank - AIB 4.14 from 3 reviews
Business Banking
from Tide 4.68 from 5687 reviews

There's still more to see!

Lloyds Bank has a range of products available. Check the ratings of each product to find the right one for you. View all products

Join Smart Money People

Keep up to date on ratings of your favourite businesses. Find out about our awards and write new reviews with ease

Create an account

News, guides and insight from our team

View resource hub