How to send bulk payments with Lloyds Bank

Need to make multiple payments in one go? Lloyds offer a bulk payment option for Business accounts. This guide provides a detailed overview of the process, including the limitations to keep in mind when using Lloyds for bulk transactions.

Contents:

• Who can access bulk payments in Lloyds bank
• How to find bulk payments in Lloyds bank
• What you can't do with Lloyds bank
• An easier way for Lloyds customers to make bulk payments

Who can access bulk payments in Lloyds bank

To make bulk payments via Lloyds, you require a business bank account.

How to find bulk payments in Lloyds Bank

1. Log into Lloyds Online for Business
2. Go to 'Payments and Transfers'
3. Click on 'Bulk Payments' under the 'More Actions' menu

What you can't do with Lloyds bank

Payment restrictions

• You can't send more than 25 payments at once: Each bulk payment is limited to a maximum of 25 payments.
• Bulk international payments aren’t supported: Only UK payments in GBP are supported.

Account limits

• You can't send more than £250,000 per day: By default, your account has a daily payment limit of £250,000 per day.
• You can't send more than £100,000 in one payment: Faster payments have a limit of £100,000 per transaction.

Limitations when sending and scheduling payments

• Scheduling limited to 30 days: Payments can only be scheduled between 2 and 30 business days in advance.
• Same-day payments aren't possible: Bulk payments must be scheduled at least two working days in advance of the desired payment date.
• There is a cut-off time: If you submit a bulk payment after 5.30pm you will have an additional day for processing.

An easier way for Lloyds customers to make bulk payments

Lloyds' bulk payments system is slow and restrictive, with early cut-off times, a two-day processing period, and multiple limitations on payment amounts, total value, and scheduling.

Solve this by using Lloyds with Telleroo. Lloyds is the 4th most popular bank amongst Telleroo customers.

👉 Check out the clickable walkthrough 👈

How Lloyds customers can send 1000s of payments in multiple currencies

• Send more than 25 payments at once: With Telleroo, you can send thousands of payments in one bulk payment.
• Send bulk international payments: Send bulk payments for Xero invoices in Euro, US Dollar, Australian Dollar, Canadian Dollar, Singapore Dollar, and Swiss Franc. You can also upload bulk payment files for Euro and US Dollar.

How Lloyds customers can send more than £250,000 per day

• Send more than £250,000 in one day: You do not have a daily limit with Telleroo.
• Send more than £100,000 in one payment: You can send hundreds of thousands, even a million, in one payment. If this payment seems out of the ordinary for your account, or looks suspicious, we’ll flag to you for security checks.

Unrestricted scheduling, and same-day payments with no cut-off times

• Unrestricted scheduling: You can schedule and reschedule payments, even over 365 days in advance.
• Send same-day payments: Your bulk payments are processed almost instantly. In just a few minutes you can create, approve and send a bulk payment.
• No cut-off times: Send bulk payments 24/7, every day of the year - including bank holidays and weekends. Faster Payments are usually received by the recipient within 2 hours.

🚀 Make bulk payments without the pain - sign up to Telleroo here 🚀

Have a go at creating a bulk payment in Telleroo with a clickable walkthrough: