Club Lloyds
Get everyday banking plus monthly interest, no debit card fees abroad and enjoy great perks.
£5 a month fee, refunded when you pay in £2,000 or more each month.
Join the Club that gives you more
Choose one of the following Lifestyle Benefits each year.
Benefits could be worth over £133 a year
Based on potential value of key benefits with further benefits available on other product offers. Understand the value of your benefits (PDF, 527KB).
More Club Lloyds benefits
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Exclusive Club Lloyds rate discount
You could get a discount off the initial rate when you take out a mortgage with us.
Offer applies to first time buyers, customers who are switching their mortgage to us or moving home.
Already have a Lloyds Bank mortgage? You could get a discount off the initial rate when you switch to a new mortgage deal.
You must have a Club Lloyds current account at the time of mortgage application.
Cashback
First time buyers could also earn £250 cashback when purchasing a home with an A or B Energy Performance Certificate (EPC).
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- The power to do it all, in one simple app.
- Extras that add up - round up your debit card spend with Save the Change®, enter prize draws and keep track of your credit report.
- Offers - get up to 15% cashback when you use your Visa debit card at selected retailers. Retailer offers and cashback amounts vary.
- Use your Visa debit card in over 500,000 locations in the UK and 27 million worldwide.
Awarded Moneyfacts Five-Star rating
Recognised for both ease of opening and a product Five-Star rating.
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Arranged overdraft information
An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
- You can apply to add an arranged overdraft to your account and you’ll only pay daily arranged overdraft interest if you use it.
- If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.
Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.
Applying for an arranged overdraft - When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through mobile banking, online banking or telephone banking. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. Using an arranged overdraft increases your overall borrowing and may affect your credit score.
If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.
Applying for this product does not improve your eligibility for an arranged overdraft.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
Arranged overdraft details
- £100 interest free amount
- 29.9% EAR (variable) representative
- Your interest rate will be based on how you manage any accounts you have with us and on the credit information we hold about you
- No unarranged overdraft interest, fees or charges
Do you already have a current account with us and need an arranged overdraft?
If you already have a current account with us, you can apply for an arranged overdraft through Internet Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft limit too.
Log on to apply for an arranged overdraft
To apply, you need to be aged 18 or older and live in the UK.
Get your bank account
Account opening is subject to status, 18+, UK resident
Let’s look at the details
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- Terms and conditions apply to each of the offers, find out more information in the Club Lloyds Lifestyle Benefits T&Cs (PDF, 104KB) or visit our webpage below.
- If we see no activity on your account you may not be able to reselect a Lifestyle Benefit at renewal.
- The chosen Lifestyle Benefit starts 30 days after account opening.
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What is the credit interest rate on this account?
- Balances from £1 to £3,999.99 receive 0.75% AER/gross variable credit interest, paid monthly.
- Balances from £4,000 to £5,000 receive 3.00% AER/2.96% gross variable credit interest, paid monthly.
- You won’t earn interest on any part of your balance over £5,000.
You just need to pay out 2 different direct debits from your Club Lloyds account each calendar month. Interest is variable, worked out daily and paid monthly.
For example, if you have £4,500, you earn 0.75% AER/gross variable interest on the first £3,999.99, then 3.00% AER/2.96% gross variable on the rest. Interest is paid monthly.
Interest on this account is paid gross, which means we won't deduct any tax from the interest paid on your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC).
What do I have to do to earn the credit interest?
You need to pay at least 2 separate direct debits from your Club Lloyds current account each calendar month.
Please note, qualifying direct debits must come out monthly, quarterly direct debits do not qualify. Also standing orders do not qualify.
Can I earn credit interest on balances over £5,000?
No, credit interest is not payable on the amount of any balance over £5,000.
When is the credit interest paid?
If you earn the credit interest, it will be paid into your Club Lloyds current account, usually by the second working day of the following calendar month.
If you do not earn the credit interest, you won't receive payment the following calendar month.
If I do not receive the credit interest one month can I earn interest the following month?
Yes, if in any month you do not receive the credit interest, you can still earn interest in future months. Just make sure you pay out 2 separate direct debits in the next calendar month.
Do I have to pay out 2 separate direct debits each month?
No, there is no requirement on this account to pay out 2 separate direct debits each month. You only have to pay out 2 separate direct debits each month to earn the credit interest on balances between £1 to £5,000.
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As a Club Lloyds customer, you've got access to 4 exclusive savings accounts.
Club Lloyds Monthly Saver
For people who want to save regularly for 12 months and get a fixed rate of interest.
More about the Club Lloyds Monthly Saver
Club Lloyds Advantage Saver
You earn a higher interest rate if you make fewer withdrawals.
More about the Club Lloyds Advantage Saver
Club Lloyds Advantage ISA Saver
This is our cash ISA for Club Lloyds customers and pays more interest if you make fewer withdrawals.
More about the Club Lloyds Advantage ISA Saver
Club Lloyds Saver
This savings account is for people who want to save as often as they like and have instant access to their money.
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Switch your current account to us in just 7 working days, using our stress-free process
Whether you want to move to Lloyds or you already bank with us, switching is easy. Our team will do everything to make sure your switch runs smoothly, including transferring all your Direct Debits and standing orders to your new account.
You'll be able to switch your account to us at the end of your online application.
Here's how the process works
- Working day 1
The switching begins. We make contact with your old bank to arrange the switch.
- Working day 2
We’ll let you know your old bank has received your request. We then start transferring your payments to your new Lloyds account.
- Working day 3-5
It will take a couple of days to switch over your payment arrangements, and make sure your Lloyds account is ready to go for the switch date.
- Working day 6
If you’re clearing a debit balance at your old account, you’ll need to make sure there are enough funds in your Lloyds account to cover the transfer.
- Working day 7
Congratulations, your switch is complete. Your balance is transferred and your old account is closed.
- After you switch
We'll arrange for payments accidentally made to your old account to be automatically redirected to your new account. We'll also contact the sender and give them your new account details.
Current Account Switch Guarantee
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current account provider we offer the following guarantee.
The service is free to use and you can choose and agree your switch date with us.
We'll take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
If you have money in your old account, we'll transfer it to your new account on your switch date.
We'll arrange for payments accidentally made to your old account to be automatically redirected to your new account. We'll also contact the sender and give them your new account details.
If there are any issues in making the switch, we'll contact you before your switch date.
If anything goes wrong with the switch, as soon as we are told, we'll refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
- Working day 1
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When will the £5 monthly fee be refunded?
You'll need to pay at least £2,000 into your Club Lloyds account each calendar month to have the following month's fee refunded.
What deposits qualifies towards the £2,000?
All deposits including cash, cheques, Bacs, Faster Payments and instant transfers in. This includes salaries, pensions and benefits paid in by these methods. Money refunded into your account does not count as a deposit.
Do I need to pay the £2,000 in one deposit?
No, we take the total of all deposits you made in the calendar month. For example, you could pay four separate £500 deposits totalling £2,000 for the month.
Do I need to keep the money in the account?
No, as long as the money is registered into your account, it will count towards the £2,000 requirement to waive the fee. Use any money paid as normal to pay bills, spend or transferred into another account.
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Payments
Our payments are quick and secure, and we keep things simple. You can also pay a cheque of up to £10,000 into your account by simply taking a photo of your cheque and uploading to the mobile banking app. There is a maximum daily limit of £10,000 per day.
Send international payments in over 30 currencies, with fee-free euro payments.Debit card
You can use your Visa debit card in over 500,000 locations in the UK and 27 million worldwide. Tap and pay with a Visa debit Card up to £100. You can now use the mobile banking app to choose a contactless payment limit between £30 and £95. You can also add your card to Apple Pay and Google Pay. You can withdraw up to £800 a day from a Lloyds cashpoint or other cash machines.
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You may also like
Overdrafts
An arranged overdraft can act as a short-term safety net if you need to borrow a little extra money. Learn more about overdrafts and check your eligibility today.
Current account support
Learn how to get the most out of your Lloyds current account with our support pages.
Switch to us
Switching your current account to Lloyds is simple, reliable and stress-free with the Current Account Switch Service.
Important legal information