SWITCHING TO US WITHOUT THE FUSS
Earn up to 15% cashback with Everyday Offers
Get up to 15% cashback at the type of places you regularly shop when you bank online and use your debit or credit card (merchant offers and cashback amounts vary, registration for Everyday Offers required).
It’s On Us
Each month we pay back thousands of customers for something they’ve bought on their Lloyds Bank debit or credit card, up to the value of £500 (Internet Banking and It’s On Us registration required).
Bank on the go, the way you want
Use our award winning Mobile Banking app, Internet Banking or PhoneBank. Plus some of our branches are open on a Saturday.
Current accounts only
You can switch into Lloyds Bank current accounts only, we do not accept requests to switch savings accounts.
All Planned Overdraft applications are subject to approval after our assessment of your circumstances, and are repayable in full on demand.
You’ll need your debit card or details of the account you wish to switch from to hand.
Up to 4% AER variable credit interest
Earn variable monthly credit interest on your whole balance up to £5,000, if you pay two separate Direct Debits each month. If your balance is:
Choose your lifestyle benefit
Choose a different lifestyle benefit every year per account from:
Club Lloyds monthly fee
A Club Lloyds current account is free if you pay in £1,500 a month, otherwise it costs £5 per month.
The switch begins. We make contact with your old bank to arrange the switch.
We’ll let you know that your old bank has received your request, and then we can start transferring your payment arrangements across to your new Lloyds Bank account.
It’ll take a couple of days to switch over your payment arrangements, and make sure your Lloyds Bank account is ready to go for the switch date.
If you’re clearing a debit balance at your old account, you’ll need to make sure there are enough funds in your Lloyds Bank account to cover this transfer.
Congratulations your switch is complete! Your balance is transferred and your old bank account is closed.
After your switch
For 36 months after your switch, payments sent to or requested from your old account will be redirected to your new account.
The Current Account Switch Service makes switching from one bank or building society to another simple and hassle-free whether you’re a consumer, small charity or small business. You’ll find the main benefits of the service below
Switch on your terms
With the Current Account Switch Service you can choose a switch date to suit you. Just make sure you allow a minimum of seven working days.
Simple and hassle-free
The new account provider transfers any existing balance and all existing payment arrangements for you – including those going out (for example Direct Debits and standing orders), those coming in (for example, your salary) and payees you already have set up.
Wide ranging spread of UK banks and building societies are on board
This means over 99% of UK current accounts are covered by the Current Account Switch Guarantee.
The switching process is the same
Every bank and building society offering the service follows exactly the same switch Process.
Payments are automatically redirected
Any payments made to or requested from your old account will be redirected to your new account for three years. We will also contact the sender and give them your new account details. That means there’s no need to worry about missing payments.
Backed by a Guarantee
In the unlikely event that something goes wrong with your switch, the new provider will refund any interest or charges incurred on your old or new account as a result.
A single point of contact
The whole process will be handled by the bank or building society you are switching to. If you have any questions or concerns, just ask your new provider.
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 hassle-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
To help you during your switch, we may be able to arrange an interest and fee free Planned Overdraft for 3 months, subject to application and approval.*
To qualify for the interest and fee-free offer you must :
Overdraft Representative Example
For a Planned Overdraft of £1,200 on our Classic Account, the interest rate on the first £25 is 0% EARCloseEquivalent Annual RateThis is the actual annual rate of an overdraft. It doesn't take into account other fees and charges. variable. On the next £1,175 the interest rate is 19.94% EAR variable, with a monthly overdraft usage fee of £6. Overdrafts are repayable on demand.
Any questions on the switcher overdraft offer? Just call us on 08456 049 956.
Use the Lloyds Bank Eligibility Checker to find out how likely you are to be accepted for a Lloyds Bank current account and overdraft without affecting your credit profile.
This should take no more than 1-2 minutes to complete.
It’s always nice to feel appreciated. Everyday Offers is an online service where you can earn up to 15% cashback using offers at the type of places you regularly shop.
It’s On Us is our way of saying thank you. Every week we give 1,000 customers an unexpected surprise by paying them back up to £500 for something they’ve bought on their debit or credit card. So far, we’ve paid back our customers for games consoles, yoga classes, flights and much more.
To be eligible for Everyday Offers you will need to be over 18, have a Lloyds Bank personal current account, a Lloyds Bank debit and/or credit card and be registered for Internet Banking. To enter the It’s On Us free draw, you will need to be a UK resident (excluding NI) registered for Everyday Offers for up to one week and to have activated the It’s On Us offer.
1. Complete our simple online switching form
2. Let us do the rest and your switch will be completed in seven working days
I don’t have a Lloyds Bank current account
1. Compare and apply for your new Lloyds Bank current account
2. Choose to switch at the end of your application
3. Let us do the rest and your switch will be completed in seven working days