Move to Commercial Banking Online
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    4. Payments

    Payment approval

    What happens if I miss the deadline?

    Any payments requiring more than six approvers will not be moved over to Commercial Banking Online. Unless you reduce the number of approvers to six or fewer, you will need to set up the payment approval panel from scratch once you have moved to Commercial Banking Online.

    What you need to do

    • Check you don't have any payments requiring more than six approvers

    When is the deadline?

    Four weeks before your move date.

    What to be aware of

    LloydsLink Online

    The number of approvers able to approve specific payments will increase to six approvers for any individual payment on  Commercial Banking Online. On LloydsLink Online the maximum is three approvers.

    Up to three approvers in an existing LloydsLink Online approver panel will be moved to Commercial Banking Online. You can then increase this up to six approvers once you’ve moved to Commercial Banking Online.

    Corporate Online

    Commercial Banking Online allows a maximum of six approvers for a payment. If you have any payments requiring more than six approvers, these will not be moved over to Commercial Banking Online.

    Please reduce the number of approvers for a payment to a maximum of six before you move to Commercial Banking Online.

Important legal information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

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.

Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com