What are votes?

  • Votes are a method of approving payments in Commercial Banking Online. Votes are set up within a Role by a Primary Administrator or by an Administrator with the right entitlements. That Role is then assigned to a user’s account. 

    When your organisation registers for Commercial Banking Online you will be given the option of either approving payments using Votes or by using Panels

    When a Role is being set up, you can adjust the number of votes it has. A minimum of six votes are required to make a payment. During registration you will be given the option to set two payment approvers, this will mean that all payments will require at least two approvers and the maximum of five votes can be assigned to a Role. 

    For your security, and to help protect against fraud, we recommend at least two approvers for all payments. If you assign less than six votes to a Role, two approvers will be required to approve a payment. If you do not choose two approvers you will be able to give a Role six votes and that Role will be able to approve payments on its own.

    Payment approval options

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.