Snap up £200 when you switch

To qualify, you’ll need to follow these simple steps;

  • Open a new Club Lloyds, Club Lloyds Silver, or Club Lloyds Platinum account 
  • Switch 3 or more active Direct Debits using the Current Account Switching Service 

If you received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax Bank account, you wont be eligible again.

Offer ends 10 December. Terms and conditions apply.

Ready to switch?

Find out more about switching
 
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Join our 10m active current account customers

With app features like these it's not hard to see why...

  • Check your credit score and ways to improve it.
  • Get help 24/7 with search and messaging.
  • Keep track of your budget with spending insights.

 

Download our app and apply

 
Mobile app image including pop up features

Join our 10m active current account customers

With app features like these it's not hard to see why...

  • Check your credit score and ways to improve it.
  • Get help 24/7 with search and messaging.
  • Keep track of your budget with spending insights.

 

Download our app and apply

Choose from our range of current accounts

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.

See youth and student accounts

Open an account today

Take out a new account or change an existing one. Make sure to read the account conditions before you apply.

 
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  • Join millions of customers
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Download the app

 

Apply on our website

You can still open an account on our website.
 

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  • Join millions of customers
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You can still open an account on our website.
 

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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

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Help and guidance Useful guides on how to use our secure Mobile Banking app and Internet Banking services

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.
 

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More on switching

  • 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.

  • To qualify for the £200 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 (£22.50 monthly fee applies, plus £3 monthly Club Lloyds fee may apply) or a new Club Lloyds Silver Account (£11.50 monthly fee applies, 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 2nd October 2024 and 10th December 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 2nd October 2024 and 10th December 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/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 three working days of your switch completing and will appear as a cash credit. 
  • When will I receive the £200?

    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 £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 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 10th December 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.

    Can I switch a joint account?

    Yes, to open a joint account online both parties must log-in to our Mobile Banking App or Internet banking, otherwise you can open an account in one person’s name and book an appointment with your local branch to add the 2nd person. If one of the parties has already received a switching offer since April 2020 from Lloyds, Halifax or Bank of Scotland, you won’t be eligible to receive the offer. 

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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.

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Discover current accounts

Learn how to get the most out of your Lloyds Bank current account with our help and guidance pages.

Help and guidance

Protecting your money


Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

More about FSCS



Protecting your money

Eligible deposits held with us are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

More about FSCS