Lloyds Banking Group

Lloyds Banking Group responded to a Request for Information from the Department for Education and provided the information on this page. Details may be subject to change.

The information provided is aimed at multi-academy trusts. Some local authority maintained schools may also benefit.

Lloyds offers

• access to relationship managers and implementation experts who understand how schools and trusts work
• free standard transaction banking for eligible schools, with clear information about any specialist fees
• access to a range of accounts to help you manage reserves and cash flow, including current, instant access, notice, and fixed-term deposit accounts
• advanced online banking, open banking APIs and card solutions (including virtual cards) to reduce administrative workload
• integration with ParentPay and Lloyds Merchant Services for secure, convenient payments from parents and students
• free fraud awareness training and financial education resources for staff and students
• sustainability and staff benefits with support for initiatives like electric vehicle salary sacrifice
• peer networking, sector insights and proactive relationship management to help schools navigate financial and operational challenges

Switching to Lloyds

Each school is assigned a project manager to guide you through the switch. The process usually takes 4-6 weeks and is tailored to your school’s size and needs.

Automated tools redirect direct debits, standing orders and BACs payments, reducing manual work for you and your team.

For more information, contact Phil Herriott at phil.herriott@lloydsbanking.com

Visit Lloyds Banking Group’s website