lloyds tsb business bank account review

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Average Ratings
Customer service2.1/10 Based on 18 ratings
Value for Money1.7/10
Reviewer Rating1.8/10
Overall Rating2.3/10 Based on 29 ratings
11% Recommended3 out of 27 Reviews

Review of Lloyds TSB Business Bank Account

By nobby108 on 14th Oct 2005

nobby108's Ratings
Customer service9/10
Banked with company1 year and over
Value for money7/10
Overall value9/10
yes nobby108's recommendation

Good Points

Internet banking is easy and convenient.
First 18 months is free banking.

Bad Points

Where paperwork is needed (e.g. overdrafts etc), it can take weeks to get sorted.
Account charges are relatively high after free period ends.

General Comments

I have banked with Lloyds TSB since starting my business 2 years ago. They have met all my needs, and I am satisfied with the overall level of service.
I do not need much from a bank, so I opted for the lowest level of service, but still get regular customer courtesy calls from the same account manager who knows me and understands my business.
Account charges are a little high after the initial free period, but having read reviews of other banks, this is far outweighed by the generally excellent customer service.
Overdrafts are easy to arrange as are loans, the only difficulty is that paperwork seems to take about 6 days to receive, and then they don't seem to get it back for about 10 days after you've posted it.
Overall, I'm a happy customer.

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