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Snap up £200 when you switch
Offer ends 17 December 2025.
To qualify, you’ll need to follow these simple steps;
- Open a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account.
- Use the Current Account Switching Service to switch 3 or more active direct debits and close your bank account held with another bank.
Terms and conditions apply. The offer can be withdrawn without notice at any time.
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To qualify for the £200 switching offer (“the offer”) you must switch to a new Club Lloyds account, Club Lloyds Platinum account, Lloyds Premier account or Club Lloyds Silver account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The following conditions apply:
- Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to a new Club Lloyds account (a £5 monthly fee may apply), a new Club Lloyds Platinum account (£22.50 monthly fee applies, plus £5 monthly Club Lloyds fee may apply), a new Club Lloyds Silver account (£11.50 monthly fee applies, plus £5 Club Lloyds fee may apply) or a new Lloyds Premier account (£15 monthly fee applies) (‘Qualifying Account’). The ‘Current Account Switch Service’ will close your old account with the other bank; and
- Your switch must include the transfer of a minimum of 3 active direct debits from your old account being switched to Lloyd’s as part of the offer. Direct debits set up after your switch has been started and other types of automated payments, such as standing orders and recurring card payments, won’t count towards the offer; and
- Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Club Lloyds account, Club Lloyds Platinum account, Club Lloyds Silver account or a Lloyds Premier account from 16 September 2025.
You can’t take part in the offer if:
- You switch to any account other than a Club Lloyds account, Club Lloyds Platinum account, Club Lloyds Silver account or a Lloyds Premier account.
- You switch to any existing Lloyds bank account, or you change your existing Lloyds Bank Current account to a Club Lloyds account, Club Lloyds Silver account, Club Lloyds Platinum account or Lloyds Premier account.
- You switch from a Halifax or Bank of Scotland current account.
- You’ve received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax Bank account.
- You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020.
- The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk.
- You are an employee of Lloyds Banking Group, or if an employee is on any bank account held in joint names.
Key information
- The offer applies to applications received in branch, online or by phone from 16 September 2025. The offer is subject to change and can be withdrawn without notice at any time.
- The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your qualifying account has an arranged overdraft, you won’t pay any daily arranged overdraft interest for 3 months provided you stay within your arranged overdraft limit and do not increase or otherwise change the arranged overdraft limit agreed.
- After 3 months, or if you change your account, you’ll be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. See the personal banking terms and conditions and banking charges (PDF,367KB) for full details on arranged overdraft interest. You’ll have been given this when you opened your account, but if you would like another one, please ask in branch or look at lloydsbank.com/current-accounts/all-accounts.
- Only one offer is available per customer. Joint accounts will only be paid one payment.
- The offer will be paid directly into your account within ten working days of your switch completing and will appear as a cash credit.
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When will I receive the £200 offer?
We’ll pay it into your account within 10 working days of the switch and will appear as a cash credit.
As an existing Lloyds customer, do I qualify for the £200 offer?
Yes, as long as you open a new qualifying account named in the terms and conditions and you haven’t received a switching incentive from us, Bank of Scotland or Halifax since April 2020. You must complete your switch using the Current Account Switch Service to switch a bank account held elsewhere with at least 3 active direct debits.
Can I change my existing account to one of the qualifying accounts and still receive the offer?
No, you must open a new qualifying account.
To qualify for the offer, do I need to complete the switch at the time of opening my new bank account?
No, as long as you start your switch during the campaign offer period. The offer can be withdrawn without notice at any time.
As part of your application you will be asked if you want to switch before you choose your new account, so have your existing account details to hand.
What’s a direct debit?
It’s a way to pay bills automatically from your current account. You give a business permission to collect money from your account when a payment is due. Direct debit amounts can vary, but the business has to tell you if the amount is changing. Direct debits are covered by the Direct Debit Guarantee.
What is an active direct debit
An active direct debit is one that has been paid to the originator in the last 13 months. This can be any frequency of payment: weekly, monthly, quarterly or annual. If the direct debit has been recently set up and the first payment has not been taken this is not an active direct debit.
What types of payments qualify as direct debits?
Your switch must include the transfer of at least 3 active direct debits from your old account. Direct debits set up after you’ve started your switch won’t count towards the offer. Standing orders and subscriptions are also excluded.
Can I switch a joint account?
Yes. To open a joint account online, both parties must log in to the mobile banking app or online banking. Otherwise, you can open a new Club Lloyds account in one person's name and then book an appointment with your local branch to add the other person. Lloyds Premier accounts can only be opened in a single name. Also, if either person has already received a switching offer from Lloyds, Halifax or Bank of Scotland since April 2020, you won't be eligible for the offer.
Packaged bank accounts
Feel confident on every journey with bundled cover for your phone, travel and roadside needs.
Club Lloyds Silver
All the benefits of Club Lloyds, plus
- European and UK Family Travel Insurance up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- mobile phone insurance.
£11.50 monthly fee. £5 Club Lloyds fee refunded each month you pay in £2,000 or more.
Club Lloyds Platinum
All the benefits of Club Lloyds, plus
- Worldwide Family Travel Insurance up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- mobile phone insurance.
£22.50 monthly fee. £5 Club Lloyds fee refunded each month you pay in £2,000 or more.
Silver
All the benefits of Classic, plus
- European and UK Family Travel Insurance up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- no fees from us when you use your debit card abroad
- mobile phone insurance.
£11.50 monthly fee.
Platinum
All the benefits of Classic, plus
- Worldwide Family Travel Insurance up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- no fees from us when you use your debit card abroad
- mobile phone insurance.
£22.50 monthly fee.
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
Still undecided? You can compare all our accounts.
Youth and student accounts
We also offer a range of bank accounts for kids, teens, and students, all with contactless Visa debit cards and mobile banking access.
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Switch to Lloyds
Switching your current bank account to Lloyds is hassle-free. Rely on the Current Account Switch Service to transfer your account, payments and more in just 7 working days.
Upgrade your account
If you’ve got an existing Lloyds current account, you might like to explore an upgrade. That could give you access to new benefits, without opening a second bank account.
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