Current Accounts
Access your money when you need it with the tools to help you stay on top of your finances, giving you the freedom to concentrate on more important things.
Our accounts come with the following great features
- Contactless and mobile payments - get a VISA debit contactless card and use Apple or Google Pay to make mobile payments.
- Mobile Banking app and Internet Banking - both highly secure and packed with features to make banking fast and convenient, wherever you are.
- Mobile alerts - to help you keep track of your money.
- Overdraft facility available - all overdrafts are subject to our assessment of your circumstances, and are repayable on demand.
- Get up to 15% cashback - earn cashback with Everyday Offers when you pay by credit/debit card or Direct Debit with selected retailers. Merchant offers and cashback amounts vary. Internet Banking registration required. T&Cs apply.
- Save the Change® - round your card payments up to the nearest pound to save as you spend.
Choose the best current account for you
From no frills, everyday banking, to accounts packed with extra benefits for a monthly fee - we've got the right account for you.
Youth and student accounts
Whether you're a full-time student or looking for your child's first account, we've got a range of youth and student accounts for you. View all youth and student accounts.
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Opening a current account with Lloyds is quick and easy online. We’ll just need a few details from you as part of your application.
- Proof of identity - your driving license or passport
- Personal details - this includes your date of birth, nationality, and marriage status
- Your address - current home address and how long you have lived there
- Contact details - your phone number and your email address
- Income - how much money you earn each month
- Employment - we’ll need to know what your job is
- Outgoings - we might need to know how much money you spend on bills, like mortgages and rent
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You can have as many current accounts as you like. There is no official limit on how many you can open and use at once.
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Yes. You can do this at a Lloyds Bank branch or at Post Office ® branches nationwide.
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When you open a new current account it could mean a slight change in credit score. This change is temporary.
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To open a current account you need to be 18 or over and living in the UK.
Switching current accounts
Switching to a current account with Lloyds is simple and secure:
- Use the Current Account Switching Service
- You can transfer everything in seven working days
- You choose a switch date that suits you
- Important payments like Direct Debits, salary and standing orders are moved over
- Over 99% of UK current accounts are covered by the Current Account Switch Guarantee
- Every bank and building society follows the same process
- If anything goes wrong, we will refund any interest or charges on your old or new account as a result
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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. 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 maintaining the account fees of £3* and an interest free amount of £50.
*The £3 fee is waived for each month you pay in at least £1,500 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? Just call us on 08456 049 956
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.
Financial Services Compensation Scheme
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
Mobile Banking
We don’t charge you for Mobile Banking but your mobile operator may charge for some services, please check with them. Services may be affected by phone signal and functionality. You must be registered for Internet Banking. Terms and conditions apply.
Mobile Banking app
Available to Internet Banking customers with a UK personal account and valid registered phone number. Our app is available to iPhone and Android users only and minimum operating systems apply, so check the App Store or Google Play for details. Our app does not work on jailbroken or rooted devices. Device registration required.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play is a trademark of Google LLC. Terms and conditions apply.