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Club Lloyds
For variable credit interest, no debit card fees abroad and great perks, join the Club. £5 monthly fee, refunded each month that you pay in £2,000 or more.
Ready to apply?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 be eligible 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.
- 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. 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 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 be eligible for the offer.
Features and benefits
Choose a Lifestyle Benefit each year
Choose from either 12 months of Disney+, 6 cinema tickets, an annual digital Coffee Club and Gourmet Society membership or an annual magazine subscription.
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Get up to 15% cashback
Earn cashback when using your Visa debit card at selected retailers. Retailer offers and cashback amounts vary. Terms and conditions apply.
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As a Club Lloyds customer you can choose a different Lifestyle Benefit every year per account. There are four benefits available, each to suit different tastes:
Disney+ subscription
Stream brand new Originals, blockbusters, binge worthy series and more. There’s something for everyone to enjoy when you select a 12 month Standard With Ads Disney+ subscription. At this time, you are unable to upgrade your Disney+ subscription to Standard or Premium.Already have a subscription to Disney+? You can still take advantage of this lifestyle benefit. To find out how see our FAQs.
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What is the credit interest rate on this account?
- Balances between £1 - £3,999.99 receive 1.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (1.49% grossCloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a) variable credit interest, paid monthly.
- Balances between £4,000 - £5,000 receive 3.00% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (2.96% grossCloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a) variable credit interest, paid monthly.
- You won’t earn interest on any part of your balance over £5,000.
You just need to pay out two different Direct Debits from your Club Lloyds account each calendar month. Interest is variable, worked out daily and paid monthly.
For example, if you have £4,500, you earn 1.50% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (1.49% grossCloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a) variable interest on the first £3,999.99, then 3.00% AERAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year. The AER allows you to compare different offers easily. (2.96% grossCloseGross rateGross rate means that we will not deduct tax automatically from your interest. You are responsible for paying any tax due to HM Revenue and Customs. p.a) variable on the rest.
Interest on this account is paid gross, which means we won't deduct any tax from the interest paid on your account. You will need to pay any tax you may owe to HM Revenue & Customs (HMRC).
What do I have to do to earn the credit interest?
You need to pay at least two separate Direct Debits from your Club Lloyds current account each calendar month.
Please note, qualifying Direct Debits must come out monthly, quarterly Direct Debits do not qualify. Also Standing Orders do not qualify.
Can I earn credit interest on balances over £5,000?
No, credit interest is not payable on the amount of any balance over £5,000.
When is the credit interest paid?
If you earn the credit interest, it will be paid into your Club Lloyds current account by the second working day of the following calendar month.
If you do not earn the credit interest, you won't receive payment the following calendar month.
If I do not receive the credit interest one month can I earn interest the following month?
Yes, if in any month you do not receive the credit interest, you can still earn interest in future months. Just make sure you pay out two separate Direct Debits in the next calendar month.
Do I have to pay out two separate Direct Debits each month?
No, there is no requirement on this account to pay out two separate Direct Debits each month. You only have to pay out two separate Direct Debits each month to earn the credit interest on balances between £1 - £5,000.
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When will the £5 monthly fee be refunded?
You'll need to pay at least £2,000 into your Club Lloyds account each calendar month to have the following month's fee refunded.
What deposits qualifies towards the £2,000?
All deposits including cash, cheques, Bacs, Faster Payments and instant transfers in. This includes salaries, pensions and benefits paid in by these methods. Money refunded into your account does not count as a deposit.
Do I need to pay the £2,000 in one deposit?
No, we take the total of all deposits you made in the calendar month. For example, you could pay four separate £500 deposits totalling £2,000 for the month.
Do I need to keep the money in the account?
No, as long as the money is registered into your account, it will count towards the £2,000 requirement to waive the fee. Use any money paid as normal to pay bills, spend or transferred into another account.
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Arranged overdraft information
An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
- You can apply to add an arranged overdraft to your account and you’ll only pay daily arranged overdraft interest if you use it.
- If you use your arranged overdraft but pay it back before the end of the day, then you won’t pay any arranged overdraft interest for that day.
Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.
Applying for an arranged overdraft - When you have applied for this account, at the end of the application you can apply for an arranged overdraft which you can add right away. You can also apply for one later.
Amending an arranged overdraft - You can reduce or remove your arranged overdraft at any time through Mobile Banking, Internet Banking or Telephone Banking or by visiting your branch. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. You can also apply to increase it. Using an arranged overdraft increases your overall borrowing and may affect your credit score.
If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.
Applying for this product does not improve your eligibility for an arranged overdraft.
All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
Arranged overdraft details
- £100 interest free amount
- 29.9% EAR (variable) representative
- Your interest rate will be based on how you manage any accounts you have with us and on the credit information we hold about you
- No unarranged overdraft interest, fees or charges
Do you already have a current account with us and need an arranged overdraft?
If you already have a current account with us, you can apply for an arranged overdraft through Internet Banking or Mobile Banking. You can also apply to increase your existing arranged overdraft limit too.
Log on to apply for an arranged overdraft
To apply, you need to be aged 18 or older and live in the UK.
Open a Club Lloyds Account today
Join the millions of customers on our app
Let’s look at the details
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Payments
Our payments are quick and secure, and we keep things simple. You can also pay a cheque of up to £5,000 into your account by simply taking a photo of your cheque and uploading to the mobile banking app. There is a maximum daily limit of £5,000 per day.
Send international payments in over 30 currencies, with fee-free euro payments.Debit card
You can use your Visa debit card in over 500,000 locations in the UK and 27 million worldwide. Tap and pay with a Visa debit Card up to £100. You can now use the mobile banking app to choose a contactless payment limit between £30 and £95. You can also add your card to Apple Pay and Google Pay. You can withdraw up to £800 a day from a Lloyds cashpoint or other cash machines.
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Switch your current account to us in just 7 working days, using our stress-free process
Whether you want to move to Lloyds or you already bank with us, switching is easy. Our team will do everything to make sure your switch runs smoothly, including transferring all your Direct Debits and standing orders to your new account.
You'll be able to switch your account to us at the end of your online application.
Here's how the process works
- Working day 1
The switching begins. We make contact with your old bank to arrange the switch.
- Working day 2
We’ll let you know your old bank has received your request. We then start transferring your payments to your new Lloyds account.
- Working day 3-5
It will take a couple of days to switch over your payment arrangements, and make sure your Lloyds account is ready to go for the switch date.
- Working day 6
If you’re clearing a debit balance at your old account, you’ll need to make sure there are enough funds in your Lloyds account to cover the transfer.
- Working day 7
Congratulations, your switch is complete. Your balance is transferred and your old account is closed.
- After you switch
We'll arrange for payments accidentally made to your old account to be automatically redirected to your new account. We'll also contact the sender and give them your new account details.
Current Account Switch Guarantee
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current account provider we offer the following guarantee.
The service is free to use and you can choose and agree your switch date with us.
We'll take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
If you have money in your old account, we'll transfer it to your new account on your switch date.
We'll arrange for payments accidentally made to your old account to be automatically redirected to your new account. We'll also contact the sender and give them your new account details.
If there are any issues in making the switch, we'll contact you before your switch date.
If anything goes wrong with the switch, as soon as we are told, we'll refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
- Working day 1
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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.
Current account support
Learn how to get the most out of your Lloyds current account with our support pages.
Switch to us
Switching your current account to Lloyds is simple, reliable and stress-free with the Current Account Switch Service.
Important legal information