The challenging times we’re all experiencing means we’re getting a lot more calls than usual and our call times are longer. So we can support people in the most vulnerable situations, we ask that you only call us if your enquiry is urgent. You can still use our online and mobile banking services and our automated service.

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    LLOYDS BANK CURRENT ACCOUNT

    Club Lloyds

    Variable credit interest and more great benefits with our Club Lloyds current account.

    Club Lloyds Debit Card

    Great benefits

    Each year, you can choose either 12 digital movie rentals, an annual digital Gourmet Society membership, 6 cinema tickets, or an annual magazine subscription.

    No fee, or £3 per month

    No monthly maintaining the account fee if you pay in £1,500 each month. If you pay less than £1,500 it will cost you £3 each month.

    Earn monthly credit interest

    That’s on balances from £1 up to £5,000. Just pay out two different direct debits each month.

    You’ll get 1.00% AER (0.99% annual gross) variable on balances from £1 up to and including £3,999.99, and 2.00% AER (1.98% annual gross) variable on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any part of your balance over £5,000.

    More great offers for you with Club Lloyds

    • Earn up to 15% cashback
      With Everyday Offers you can get up to 15% cashback on your debit card purchases, based on the places you usually shop or may like to try, such as clothing stores, DIY outlets and restaurants. Once registered, you can activate your offers through Internet Banking or our Mobile Banking App.
    • Exclusive access to offers on a range of Lloyds Bank products, including savings accounts, mortgages and home insurance.
    • Plus all the services you expect from a current account such as a VISA Contactless Debit card, easy access to manage your money and more.
    • Send Money outside the UK or in a foreign currency – Use your current account to make a payment.

    Keep in mind

    • Credit interest
      Earn monthly credit interest of 1.00% AER (0.99% annual gross) variable on balances from £1 up to and including £3,999.99, and 2.00% AER (1.98% annual gross) variable on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any part of your balance over £5,000.

      • Just pay out two different direct debits each calendar month.

    • Monthly maintaining the account fee
      If in any month you pay less than £1,500 into your account, you'll have to pay the £3 monthly maintaining the account fee.
    • Other accounts
      There are other accounts available to you that provide banking facilities without additional benefits, and which do not have a monthly maintaining the account fee.

    Arranged overdraft

    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.

    - Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use more than the interest-free amount of £50.

    - 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.

    • 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. All overdrafts are subject to application and repayable on demand. You must be 18 or over to apply.
    • 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. This application won't affect your credit score.
    • Helpful tools - You can use our eligibility checker and cost calculator to check your eligibility and calculate the cost of an arranged overdraft.
    • Unarranged overdraft - 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 our assessment of your circumstances and are repayable on demand.

     

    Representative Example

    A variable representative rate of 29.9% APR

    A variable interest rate of 27.5% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

    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 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

    £17.98 for 60 days

    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.

    Useful tools

    You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

     

    Cost Calculator

    You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

     

    Eligibility Tool

    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.

    More about personal arranged overdrafts

     

    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

     

    Find out more about Switching

    Upgrade your existing account

    Keep the same account details and it doesn't affect your existing payments.

    Log on to upgradeyour existing account.

    Apply for a Club Lloyds current account

    We may offer you an arranged overdraft as part of the application, which you can add right away.

    Apply todayfor a Club Lloyds current account.

    You can also apply for this account by calling us on 0800 015 4000 (Lines are open Monday - Friday 8am - 10pm, Saturday and Sunday 8am - 6pm) or by booking an appointment at your nearest branch. You can book by calling us on 0345 300 0000 (+44 1733 347 007 from outside the UK). Lines are open 7am - 11pm, 7 days a week.

    You can apply or upgrade to a Club Lloyds account if:

    • You're aged 18 or older
    • You're a resident in the UK
    • You're an EU national. or have permission to stay in the UK for at least 12 months
    • If you are not an existing Lloyds customer you will need to provide proof of identity.

    • What is the credit interest rate on this account?

      What is the credit interest rate on this account?

      Balances between

      AERAnnual Equivalent RateAER means Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

      Gross p.a.Gross 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.

      Balances between

      £1 - £3,999.99

      AERAnnual Equivalent RateAER means Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

      1.00%

      Gross p.a.Gross 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.

      0.99%

      Balances between

      £4,000 - £5,000

      AERAnnual Equivalent RateAER means Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers.

      2.00%

      Gross p.a.Gross 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.

      1.98%

      You could earn 1.00% AER (0.99% annual gross) credit interest on balances between £1 and £3,999.99, and 2.00% (1.98% annual gross ) on any part of the balance from £4,000 up to and including £5,000. 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, when you have £4,500 in your account, you could earn interest of 1.00% AER (0.99% annual gross) on the first £3,999.99 and 2.00% (1.98% annual gross) on the rest.

      Please note interest paid before 6th April 2016 will have been paid net (unless you registered the account with us to receive gross interest) . Net is the rate of interest payable after allowing for the deduction of income tax at the rate specified by law (currently 20%).

      From 6th April 2016 interest is paid Gross, meaning we will not deduct tax on your behalf. Dependant on your personal circumstances, tax may be due on your interest and it is your responsibility to disclose and pay any tax due directly to 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 are not eligible. 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 miss out on the credit interest one month, can I earn it the next month?

      Yes, if in any month you miss out on the credit interest, you can still earn it 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 if you want to earn the credit interest on balances between £1 - £5,000.

    • As a Club Lloyds customer you can choose a different Lifestyle Benefit every year per account

      Digital movie rentals

      Enjoy a monthly movie rental from Rakuten TV. Choose from over 4,000 movies, including top new releases and family-favourites to watch online, on your smart TV or any other Rakuten TV compatible device.

      Dining offers

      Gourmet Society digital membership gives you discounts at more than 6,000 restaurants around the UK and Ireland, giving you to unlimited access to offers such as:

      • 25% off your total bill, including drinks.

      Cinema Tickets

      • 6 cinema tickets to use during the year at over 80 locations across the UK.
      • Tickets can be used for standard 2D or 3D admission tickets and can also be used as part payment on certain ticket upgrades.
      • Tickets are valid for 12 months.

      Magazine subscription

      Choose 1 of the following magazines to have delivered to your door or downloadable to your device (compatible with Apple and Android™ devices).

      Titles available in print and Digital subscription (Apple and Android)

      • Bike
      • Car
      • Cosmopolitan
      • Country Living
      • Country Walking
      • ELLE Decoration
      • ELLE
      • Empire
      • Esquire
      • Garden Answers
      • Good Housekeeping
      • Harper's Bazaar
      • House Beautiful
      • Improve Your Coarse Fishing
      • Landscape
      • Men's Health
      • Mother & Baby
      • Practical Photography
      • Prima
      • Q
      • Red
      • Runner's World
      • Steam Railway
      • Today's Golfer
      • Women's Health

      Apple is a registered trademark of Apple inc. registered in the U.S and other countries. Android is a trademark of Google Inc.

      More information

      Find out more about Club Lloyds Lifestyle Benefits

    • As a Club Lloyds customer you'll get exclusive access to offers on a range of Lloyds Bank products.

      Savings: Club Lloyds Monthly Saver

      This savings account is for people who want to save on a regular basis for 12 months and get a fixed rate of interest.

      • Save from £25 to £400 a month.
      • Receive 2.50 % gross/AER interest on your savings. Interest is fixed so it won’t change during the term.
      • Withdraw your money when you need it without charge.

      More about the Club Lloyds Monthly Saver

      Savings: Club Lloyds Saver

      This savings account is for people who want to save as often as they like and have instant access to their money.

      • Open with just £1.
      • Receive variable interest on your savings. Interest is 0.05% gross/AER on balances of £25,000 or more, and 0.01% gross/AER on balances below £25,000.
      • Withdraw money when you like without charge.

      More about the Club Lloyds Saver

      Mortgages

      As a Club Lloyds current account customer you can take advantage of exclusive offers when you take out a mortgage with us.

      You must have a Club Lloyds current account open at the time of mortgage application.

      Find out More

      You can also use our online form to book an appointment in branch to see one of our dedicated Mortgage and Protection Advisers, or call us on 08007 83 35 34.

      You could lose your home if you don’t keep up your mortgage repayments

      Home Insurance

      • As a Club Lloyds customer we’ll give you a 10% discount when you take out a new combined buildings and contents policy, upgrade from a buildings-only or contents-only policy to a combined one, or renew an existing combined policy.
      • The Club Lloyds offer is available on Home Solutions and Home Options products and is not available via comparison sites. This offer is in addition to all other offers you may be entitled to. Minimum premiums may apply – please see the separate offer conditions for each product.
      • For more about our Home Solutions insurance visit us in branch or call us on 0800 022 4857. For Home Options insurance please log in to Internet Banking or call us on 0800 056 0122.

      See more information about our Home Insurance policies

    • Debit card

      You can withdraw up to £500 a day from a Lloyds Bank Cashpoint or other cash machines. You can use your Visa debit card in over 500,000 locations in the UK and 27 million worldwide.

      Banking your way

      Quick, easy ways other than in branch to manage your money 24 hours a day, 7 days a week, online or on the phone with Internet Banking, PhoneBank® and Mobile Banking.

      You can do everyday banking like make payments or pay in cheques online in our easy and simple way.

      Mobile Alerts

      Our mobile alerts service offers a simple way to stay on top of your finances without even having to think about it. So if we have a mobile number for you, we’ll help you keep an eye on your balance.

      Save the Change®

      Save the Change® makes saving easy. When you buy something with your Lloyds Bank debit card (and your account is in credit), we’ll round up the amount to the nearest pound and transfer the difference into an eligible Lloyds Bank savings account.

      Money Manager

      Keep track of your spending and see at a glance where your money goes with our free Internet Banking service.

      Joint account

      Add a second person to your account. It’s a convenient way to share outgoings such as household bills, shopping and mortgage/rent payments or budget for holidays and special purchases.

      Mobile Banking app

      Our Mobile Banking app for iOS and Android are quick and easy to install, fast, convenient and more secure than ever - the easy way to stay on top of your money. Bank where you want with the latest built-in security technology that keeps your details safe and private. More and more customers are choosing the flexibility, convenience and security of banking on their mobile.

      Personal UK Internet Banking customers only. Terms and Conditions apply.

    • We will do the hard work for you.

      We will transfer everything safely and securely in 7 working days with the Current Account Switch Service.

      • The service is free to use.
      • You can choose your switch date to us.
      • If anything goes wrong, you are covered by the switch guarantee.
      Current Account Switch Guarantee

      how the process could work

       

      Day 1

      Day 1-6

      Day 7

       

      You do

      Day 1

      Choose a current account and apply. After applying, complete our switch form.

      Day 1-6

      You can still use your old account and your new Lloyds account.

      Day 7

      Enjoy your Lloyds Bank account.

       

      We do

      Day 1

      We'll start your switch.

      Day 1-6

      We will transfer payments from your old account to your new account.

      Day 7

      Switch complete. We move the funds in your old account to your new Lloyds Bank account and close your old account.

      The Current Account Switch Service lets 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 will 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 will transfer it to your new account on your switch date.

      We will arrange for payments accidentally made to your old account to be automatically redirected to your new account.

      We will also contact the sender and give them your new account details. If there are any issues in making the switch, we will contact you before your switch date. If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

    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.

    We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.

    Account opening is subject to our assessment of your circumstances. You must be 18 or over to apply.

    Overdrafts are repayable in full on demand. View Arranged Overdraft borrowing fees.

    PhoneBank® is a registered trademark of Lloyds Bank plc.

    Cashpoint is a registered trademark of Lloyds Bank plc.

    Save the Change® is a registered trademark of Lloyds Bank plc.

    Money Manager is provided to help you manage your personal finances and is not intended to provide legal, tax or financial advice. Personal Internet Banking customers only. Terms and conditions apply. Mobile Banking services may be affected by phone signal and functionality. Must be registered for Internet Banking. Terms and conditions apply.

    You need to register for Internet Banking, PhoneBank® and Mobile Banking. Terms and conditions apply.

    We don't charge you to use Mobile Banking, but your mobile operator may charge for some services, so please check this with them.

    Club Lloyds Lifestyle Benefits are administered by Hawk Incentives Limited, on behalf of Lloyds Bank. The benefits available for selection may be changed or updated from time to time.