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Snap up £185 when you Switch
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.
If you received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax Bank account, you won't receive the offer again.
Offer ends 28 July 2025. Terms & conditions apply.
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To qualify for the £185 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 may apply) (‘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 between 01 July 2025 and 28 July 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.
- 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 01 July 2025 and 28 July 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, conditions and banking charges guide for full details on arranged overdraft interest. You’ll have been given this when you opened your account.
- 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 £185 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 £185 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 by the 28 July 2025, you can complete your switch through online banking or on the mobile app.
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. Please note that 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 receive the offer again.
Choose from our range of current accounts
Our products
Classic
Not included in switch offer
£0 monthly fee
- Get up to 15% cashback with Everyday Offers from selected retailers*
- Access to all of the great app features
- Option to apply for an arranged Overdraft**
*Retailer offers and cashback amounts vary.
**All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.
Club Lloyds
- Included in the £185 Switch offer
£5 monthly fee
Refunded each month you pay in £2,000 or more
All the benefits of Classic, plus
- No debit card fees from us abroad
- Choose a Lifestyle Benefit each year
- Earn interest on balances up to £5,000 when you pay out 2 Direct Debits per month
- Get exclusive offers on savers and mortgages
Lloyds Premier
- Included in the £185 Switch offer
£15 monthly fee
You need to pay in £5,000 each month or have £100,000 saved or invested with us to qualify. We’ll then refund the fee each month.
All the benefits of Club Lloyds, plus
- Bupa Family GP and Wellbeing subscription
- Earn 1% cashback, up to £10 per month on eligible card spend
- Preferential savings rates and mortgage offers
- Expert financial coaching service
- Dedicated Premier servicing team
Club Lloyds Silver
- Included in the £185 Switch offer
£11.50 per month
+£5 Club Lloyds monthly fee which is refunded each month you pay in £2,000 or more
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
Club Lloyds Platinum
- Included in the £185 Switch offer
£22.50 per month
+£5 Club Lloyds monthly fee which is refunded each month you pay in £2,000 or more
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
Silver
Not included in Switch offer
£11.50 per month
All the benefits of Classic, plus
- European and UK family travel insurance - up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- Mobile phone insurance
- No debit card fees from us at home or abroad
Platinum
Not included in Switch offer
£22.50 per month
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
- Mobile phone insurance
- No debit card fees from us at home or abroad
Basic Account
Not included in Switch offer
£0 monthly fee
Get up to 15% cashback with Everyday Offers from selected retailers
Access to all the great mobile app features
You cannot apply directly for a Basic Account.
You will need to start the application process for a current account with us, and we will try to obtain information about your credit history. We may offer you the Basic Account if you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history.
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
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.
Open a current account
Join the millions of customers on our app
Existing current account customer?
Manage your account Find out how to manage your account, from reporting a card lost or stolen to things you can do online
Upgrade now Want to upgrade your existing account? Why not take a look at the other accounts we offer
Change account Change an existing current account with us by logging in
Help and guidance Useful guides on how to use our secure Mobile Banking app and Internet Banking services
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- In-branch cash and deposit machines, for notes and cheques. Limits and charges will apply.
- Withdraw cash, notes only, from any cash machine. Most don't charge a fee.
- Withdraw or deposit coins and notes at Post Offices or Banking Hubs. Limits and charges will apply.
- Pay into your account quickly and easily at either a cash machine or Post Office with enhanced banking services.
- Get cashback in selected participating shops. You don't have to buy anything and can withdraw 1p to £50.
- You can find out about your options on LINK's Cash Locator.
- Some locations charge a fee to make a withdrawal or deposit. If they do, it'll be clearly signposted in-store and on the machine. You'll be able to cancel the transaction if you don't want to pay the charge.
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We work with LINK to carry out assessments of places which might need better cash access services.
Concerned about access to cash in your area?
LINK may have already looked at your area and made a recommendation to make things better.
If not, you can request access to cash assessment in your area.
You can appeal the result of LINK's assessment. www.link.co.uk/our-assessments/appeal-an-assessment
Want to know how decisions are made about cash?
Find out more about LINK's process.
Switching current accounts
Switching your bank account to us is quick and easy. Just fill in our simple online form and we’ll take care of the rest. With the current account switch service it'll only take 7 working days. And we’ll close down your old account for you when it’s done.
More on switching
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3 months 0% interest overdraft when you switch
To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 3 months, subject to application and approval. An arranged overdraft can act as a useful safety net. You can use it to borrow money up to an agreed limit through your bank account.
What happens after the 0% interest free period ends?
Once your three month interest-free period ends we will charge interest daily. The daily arranged overdraft interest rate will be based on how you manage any accounts with us and on the credit information we hold about you. We will let you know this rate in the pre contract credit information we give you if you apply for an arranged overdraft.
Representative example (based on using a Club Lloyds Account)
An arranged overdraft on a Club Lloyds account has a variable interest rate of 27.5% EAR, and a variable representative rate of 29.9% APR, based on borrowing £1,200. The APR includes monthly account fees of £3* and an interest free amount of £50.
*The £3 fee is waived for each month you pay in at least £2,000 into your account.
How does our overdraft compare?
You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you.
How much does my overdraft cost in pounds and pence?
As an example, the interest cost of borrowing £500 is: £2.04 for 7 days, £8.94 for 30 days and £17.98 for 60 days.
Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.
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To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 3 months, subject to application and approval.
Are you eligible for the arranged overdraft offer?
To qualify for the interest-free offer you must:
- Use the Current Account Switch Service. This service means your old account will be closed and all your payments transferred to your new Lloyds Bank account
- Have not used the offer within the last 12 months
- Have applied, and been approved for an arranged overdraft on your new Lloyds Bank account
Any questions on the switcher overdraft offer? Please call us.
How do you apply for an arranged overdraft?
At the end of your current account application process, we may offer you an arranged overdraft. If we do, we'll tell you the maximum amount you can have and you can add it right away. You can also apply for one later.
What happens if I am overdrawn and want to switch?
We will show you the maximum amount of arranged overdraft we can offer you before you complete your switch request form, if we are unable to offer you the full amount you will need to make arrangements with your bank to pay back the remaining amount. If you've already got a current account with us you can log onto Internet or Mobile Banking and see if there is an option to extend your arranged overdraft.
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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.
Discover current accounts
Learn how to get the most out of your Lloyds Bank current account with our help and guidance pages.
Service Quality Information for personal current accounts. The requirement to publish the Financial Conduct Authority Service Quality Information for personal current accounts can be found here.
