Get £175 when you switch an account held with another bank to a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum Account.

  • You'll need to use the Current Account Switch Service to transfer a minimum of 3 active direct debits and close your current account held with another bank.

You won't be eligible if you've received an incentive for switching to a Lloyds Bank, Bank of Scotland or Halifax current account since April 2020. You may need to pay a monthly fee for the account. Offer ends 30 July 2024. Full terms and conditions can be found below.

Find out more about switching

Choose the best current account for you

Accounts included in switch offer

Club Lloyds

£3 monthly fee, waived each month that you pay in £2,000 or more.

  • Earn credit interest on your money - on balances up to £5,000,  when you pay out two different Direct Debits each month
  • Choose a yearly benefit from:
    • 12 months of Disney+
    • 6 x cinema tickets at ODEON or Vue cinemas
    • An annual Coffee Club and Gourmet Society membership
    • An annual magazine subscription
Club Lloyds

Club Lloyds Silver

 £10 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Club Lloyds account
  • European and UK multi-trip family travel insurance up to age 65
  • AA Breakdown Family Cover with Roadside Assistance
  • Mobile phone insurance
Club Lloyds Silver

Club Lloyds Platinum

£21 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Club Lloyds account
  • Worldwide multi-trip family travel insurance up to age 80
  • AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
  • Mobile phone insurance
Club Lloyds Platinum

Other accounts we offer

Classic

Free everyday banking when you stay in credit.

  • Contactless debit card
  • Mobile Banking app
  • Get up to 15% cashback - earn cashback with Everyday Offers when you pay by credit/debit card or Direct Debit with selected retailers*
  • Overdraft facility available**

* Merchant offers and cashback amounts vary. Internet Banking registration required. T&Cs apply.

** All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.

Classic

Silver

£10 monthly fee.

  • Everything you get with the Classic account
  • European and UK multi-trip family travel insurance up to age 65
  • AA Breakdown Family Cover with Roadside Assistance
  • Mobile phone insurance
Silver

Platinum

£21 monthly fee.

  • Everything you get with the Classic account
  • Worldwide multi-trip family travel insurance up to age 80
  • AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
  • Mobile phone insurance
Platinum

Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.

I'd like to open a joint account

I'd like to open a joint account

Joint accounts for a joint account

Youth and student accounts

View all youth and student accounts

Smart Start

Our current account and savings account for 11 to 15 year olds.

  • Contactless debit card
  • Mobile Banking app
  • Parental oversight of account
Smart Start

Under 19s Account

Everyday banking allowing children and teens to make the most of their money.

  • Contactless debit card
  • Mobile Banking app
  • Credit Interest
Under 19s Account

Student Account

An account that helps keep on top of your finances so you can focus on your studies.

  • Contactless debit card
  • Mobile Banking app
  • Overdraft facility available*

* All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.

Student Account

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

Set up the Mobile Banking App

Everyday banking on the go where you can:

  • View account statement and search transactions
  • View card details- instantly view your card information and use it for online shopping
  • Report a card as lost or stolen or temporarily freeze it
  • View PIN
  • Log on securely using fingerprint or Face ID with a compatible device

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Step by step guide to setting up the app

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

 

Switch your current account

  • 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.

  • 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.

Frequently asked questions

 

  • To qualify for the £175 switching offer (“the offer”) you must switch to a new Club Lloyds Account, Club Lloyds Platinum 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 £3 monthly fee may apply), a new Club Lloyds Platinum Account (£21 monthly fee applies/*£22.50 from 1st July 2024, plus £3 monthly Club Lloyds fee may apply) or a new Club Lloyds Silver Account (£10 monthly fee applies/* £11.50 from 1st July 2024, plus £3 Club Lloyds 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 or Club Lloyds Silver Account between 28th May 2024 and 30th July 2024.

     You can’t take part in the offer if:

    • You switch to any account other than a Club Lloyds Account, Club Lloyds Platinum Account, or Club Lloyds Silver 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 or Club Lloyds Platinum 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.
    • The offer applies to applications received in branch, online or by phone from 28th May 2024 to 30th July 2024. 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. Please see the Personal Banking Terms and Conditions and Banking Charges leaflet 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 www.lloydsbank.com/current-accounts/overdrafts
    • 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 three working days of your switch completing and will appear as a cash credit. 
  • When will I receive the £175? 

    The offer will be paid directly into your account within 10 working days of you starting your switch and will appear as a cash credit.

    As an existing Lloyds customer can I qualify for the £175 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.

    Do I need to open a new account if I already have a Lloyds bank account? 

    Yes, to qualify for the switch incentive you need to open a new qualifying account named in the terms and conditions and switch a bank account held elsewhere.

    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 and start the switch. You can do this by signing in to Internet Banking or using the Mobile Banking app.

    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 30th July 2024, you can complete your switch through Internet Banking or on our mobile app.

    What types of payments qualify as direct debits?

    Your switch must include the transfer of a minimum of 3 active direct debits from your old account. Direct debits set up after you’ve started your switch as well as automated payments, such as standing orders and recurring card payments won’t count towards the offer.

  • 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

    How to open a bank account

  • 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.

  • Yes. You can do this at a Lloyds Bank branch or at Post Office ® branches nationwide.

  • When you open a new current account it could mean a slight change in credit score. This change is temporary.

  • To open a current account you need to be 18 or over and living in the UK.

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.

Overdrafts

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.

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).

Disney Plus and the Disney+ logo are registered trademarks of Disney Enterprises Inc.
 

Mobile Banking: Mobile Banking is available to Internet Banking customers. We don’t charge you for Internet Banking but your mobile phone provider may charge for some services. Please check with them. Phone signal and functionality may affect services. Terms and conditions apply.

Mobile Banking app: Our app is available to Internet Banking customers with a UK personal account and valid registered phone number. It’s only available to iPhone and Android users. Minimum operating systems apply, so check the App Store or Google Play for details. Our app does not work on jailbroken or rooted devices. You must register your device.

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.