Lloyds Small Business Bank Account: An Honest Review

When it comes to setting up your business bank account in the UK it clearly makes sense to look at the options provided by the established banks.
And when it comes to traditional banks Lloyds is right up there near the top of the list as one of the most well known.
But is its bank account any good and the right one for your business to choose?
In this video we take a look analysing the main pros and cons of a Lloyds business bank account.
This is part of our ongoing series at the end of which in the following overall video we finally compare the nine business bank accounts we have access to across six different categories to work out which one is best:
Choosing the Best BUSINESS Bank Account (UK) - 9 accounts reviewed head to head - • Best BUSINESS Bank Acc...
🔔 Subscribe for more tips just like this🔔
/ @basicsofbiz
#startuptips #startupadvice #startupbusiness #startingabusiness #businesstips #smallbusinesstips #smallbusiness #smallbusinessadvice #smallbizowner #Accountant #businessbanking
The information contained in our videos is provided as general information only. It is not a substitute for professional advice.

[@christopherhubbard602]

Can you please do one on virgin business bank

[@basicsofbiz]

We don’t have access to a Virgin business bank account unfortunately Christopher but will certainly add it to the list for the future? Are you using them now or planning to?

[@christopherhubbard602]

@@basicsofbiz they are very easy to open

[@basicsofbiz]

We said we would link to our head to head review of 9 different business bank accounts we have access to and here it is - ruclips.net/video/Ns7OSvCsh68/видео.html. Find out which one we considered to be the best!

[@malikibrahim3989]

I applied loyds business account online and presented to branch and they take my id , now how much time they will take to open business account??

[@basicsofbiz]

Lloyds’ website says they will open business accounts ‘as soon as possible’ so they don’t commit to any timescale. Hopefully yours won’t take the 7-8 weeks it took for my business account to get opened!

[@malikibrahim3989]

@@basicsofbiz they said to me it took 15 days our processing time

[@basicsofbiz]

@@malikibrahim3989 Very much hope that's the case and you have a better experience than we did. If you can let us know how long it does take in the end we would very much appreciate it as would be great to know. 👍👍

[@malikibrahim3989]

@@basicsofbiz When did you open the business account like how many months before?

[@basicsofbiz]

@@malikibrahim3989 We opened it this summer - August I think it was - so not very long ago.