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.

Lloyds Bank plc. Registered office: 25 Gresham Street, London, EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at www.fca.org.uk under the Firm 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.