Significantly reduce the time and resource it takes to manage your company's finances by switching to online banking.
With safe, accessible and automated services, you can spend more time meeting targets and less time bookkeeping. In fact, over 300,000 SMEs
are already using Lloyds Bank secure online banking system.
Access your banking information and execute many transactions at any time by setting up an online banking account.
Organise your financial activity easily with an online bank account that allows you to:
Cut down on unnecessary paper use by opting for online statements. Of course, you can also ask to receive paper statements when you need them.
Today, online banking website operate in a very safe environment by using the latest online
security measures to protect your money, company information and privacy. Choose a bank that promises to protect your funds, such as the
online and mobile banking guarantee from Lloyds Bank.
Find a business banking account that best suits your organisation.
Research the different accounts available and select one that matches your requirements. For
example, if you're starting a new business, a 'Business Account for Start-Ups'
may be the best choice. Or, if you are a non-profit organisation, a 'Club, Charity or Society Account'
may make the most sense.
Your financial data is protected by your bank's secure login procedure.
To access your account information, you will need to follow security checks such as using a secure card reader, entering your PIN
code and answering unique security questions.
Allow multiple members of staff to access your company bank account securely.
You can control their level of access, set maximum payment amounts and ensure certain payments receive authorisation before going through. With
regulated access, you can save time by delegating your banking and accounting responsibilities while maintaining privacy.
Use your online banking account to monitor your financial activity:
Use your online banking account to organise your outgoing payments.
You can do the following transactions without having to visit or call a branch:
Raise funds online by using secure third-party payment processing software,
such as Google Wallet† and
Paypal†, or a secure, third-party fundraising software, such as
Integrate the software with your online banking account to ensure all funds are transferred to a secure
place where you can manage them efficiently.
†Please note that these are just examples of the types of software available and Lloyds Banking Group does not
endorse the services they provide.
The 26th Bristol Scout Group, founded in 1910, is one of the largest Scout groups in the Bristol area. The non-profit organisation promotes the intellectual, physical and social development of young people. It has two Beaver Colonies, two Cub Packs, two Scout Troops, an Explorer unit and also manages its own building, which is used widely by the local community.
Online banking has been of great use to the Group, saving time by reducing trips to the banks, and allowing them to keep track of all payments in real time rather than waiting for monthly statements. Trustees of the group have also benefitted from the ability to delegate banking tasks online. The Group has set up multiple signatory accounts, so volunteers and other staff can monitor and manage transaction, but a trustee still has to approve all outgoing payments.
The 26th Bristol Scout Group has had a website since 2005 and uses online tools to support its many on-going activities. The Group uses its website to communicate with current members and their parents, as well as to advertise to new potential members and those interested in booking its facilities. It is also able to take online payments and booking for its hall, and manage these transactions online.
By getting online and using Internet banking, the 26th Bristol Scout Group has benefited from:
Richard Bennett, a trustee of the 26th Bristol Scout Group, discussed how getting online has helped the organisation:
"We have done lots of work on our website to ensure we are top of the search engine for several search terms relating to our charity. Our hall is generally booked out most months, and all bookings come via the website.
"One of our best moves has been to actively use online banking. It allows us to delegate banking tasks and easily monitor all our financial activity. With Lloyds Bank we are able to have two trustees to approve all payments and are now able to quickly look and ratify receipts coming in from parents for activities and from people hiring our facilities (Rather than having to wait for the bank statement)."
For further information about banking online, you can visit pages listed below.
Clicking on these links will take you to pages on other websites.
Receiving online payments:
Lloyds Banking Group has partnered with e-skills UK to bring you this guidance. For more information, please visit the e-skills UK website.
If you'd like to download this guide on banking online, either to read as a PDF document or to print, please click on the link below:
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