Lloyds Bank hiking account fees from next month for businesses
AI Summary
Lloyds Bank is set to hike account maintenance fees for its business customers next month, raising the monthly fee from £8.50 to £10. This represents an annual increase of £18. The move comes amid broader economic pressures and reflects a trend among financial institutions adjusting costs in response to changing market conditions. This fee increase could impact small businesses that rely on bank services, potentially leading to higher operational costs and a need to reassess banking relationships.
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