Lloyds Bank vs Santander UK: what each publishes
As of October 17, 2026, we hold published rules from Lloyds Bank on 0 of 7 industries and from Santander UK on 2.
Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.
Where it takes companies from
Policy by industry
| Industry | Lloyds Bank | Santander UK |
|---|---|---|
| Crypto | No published rule | No |
| Unlicensed financial services | No published rule | No |
| iGaming | No published rule | No published rule |
| Adult | No published rule | No published rule |
| AI and SaaS | No published rule | No published rule |
| Forex and CFD | No published rule | No published rule |
| Marketplace | No published rule | No published rule |
Where owners must live
Lloyds Bank
To open a business bank account online, you must: be the owner or director of the business be at least 18 years old be a UK resident with a UK mobile phone number
Santander UK
have a maximum of two directors, owners (shareholders) or partners who are 18 or over and live in the UK.
Rules about countries
Lloyds Bank
No published rule
Santander UK
No published rule
Fees
Lloyds Bank
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Business Account | Not stated | None for the first 12 months (first Lloyds Business Account only), then GBP 10 a month; cash, cheque, BACS and CHAPS items are charged | · Source |
Santander UK
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Business Current Account Classic | Not stated | GBP 9.99 a month; none for the first 12 months for start-ups and switchers; cash, cheque, CHAPS and foreign currency transactions are charged | · Source |
Closing an account
Lloyds Bank
We hold no quote from its terms on notice before closing.
Santander UK
If we want to close your account or end this agreement, we'll normally give you notice and explain the reasons for our decision before we do this. We'll give you 90 days' notice if your account is a payment account.
Licence
| Licensee | Lloyds Bank | Santander UK |
|---|---|---|
| Licensee | Lloyds Bank plc · bank authorised by the PRA and regulated by the FCA and the PRA (FRN 119278) | Santander UK plc · bank authorised by the PRA and regulated by the FCA and the PRA (FRN 106054) |
| Regulator | FCA / PRA · | FCA / PRA · |