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Club Lloyds Platinum Account

LLOYDS BANK CURRENT ACCOUNTClub Lloyds Platinum Account

Packed with insurance benefits and variable credit interest when you pay at least two separate Direct Debits each month


For full details of the changes that apply to this account from 1 July 2018, please see the Guide to Changes.

Features and benefits

  • Worldwide travel insurance provided and underwritten by AXA Insurance UK plc.

    Up to 80 years of age, cover for you and your family (if eligible) for up to 45 consecutive days per trip (for Winter Sports maximum 31 days cover in any calendar year).

  • Breakdown cover provided by Automobile Association Developments Limited (trading as AA Breakdown Services).

    UK Roadside Assistance whether you’re in your own vehicle or someone else’s. The cover includes Relay and Home Start.

  • Mobile phone insurance administered by Lifestyle Services Group Limited with a single insurance provider, Assurant General Insurance Limited.

    Worldwide cover for loss, theft, damage and breakdown (including faults).

  • 1.5% AER variable credit interest

    Earn credit interest (paid monthly) on balances between £1 and £5,000 if you pay two separate Direct Debits each month.

    Find out more

  • Choose your lifestyle benefit

    As a Club Lloyds customer you can choose a different lifestyle benefit every year per account from:

    • 6 cinema tickets,
    • an annual magazine subscription, or
    • annual Gourmet Society membership.

    Find out more

  • Exclusive access to banking offers

     As a Club Lloyds customer you’ll get exclusive access to offers on a range of Lloyds Bank products including:

    • discounted mortgage rates,
    • preferential savings rates, and
    • home insurance discounts.

    Find out more

  • Planned Overdraft

    You can apply separately for a Planned Overdraft with this account.

    Applying for this product does not improve your eligibility for an overdraft.

  • Card loss assistance is provided by Citymain Administrators Ltd (part of SPB UK & Ireland Group Companies).

    Help for when your credit, debit and store cards get lost or stolen. You can register the cards of your family if they live with you.

Switching to us is now faster and more convenient with the Current Account Switch Service. Find out more about the benefits of switching to us.

Keep in mind

  • Monthly fee

    The Club Lloyds Platinum monthly account fee comprises of:

    • Platinum Account monthly account fee of £19 per month

     Plus

    • Club Lloyds monthly account fee is Free or £3 per month.

    The £3 fee is waived for each month you pay in at least £1,500 into your account.  If in any month you don't pay in this amount, you will need to pay the £3 monthly account fee.
    Maximum combined monthly account fee of £22 per month.

  • Other accounts

    There are other accounts available to you that provide banking facilities without additional benefits, and which do not have a monthly account fee

  • Conditions and exclusions

    Travel insurance, breakdown cover, mobile phone insurance, and Card Loss Assistance comes with individual terms and conditions and limitations.

  • Variable credit interest

    If your balance is over £5,000, you'll still earn 1.5% AERCloseAnnual 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. on the first £5,000, but 0% on anything over that. You must also ensure you have at least two separate Direct Debits paid from your account each month.

  • Planned Overdraft

    All Planned Overdraft applications are subject to approval after our assessment of your circumstances.

Representative example:
If you use a Planned Overdraft of £1,200 on your Club Lloyds Platinum Account, then we’ll charge you a daily overdraft fee of £1.28. For Club Lloyds Platinum accounts, the daily overdraft fee on the first £300 is 0p.

 

Club Lloyds Platinum – more about the benefits

AXA worldwide travel insurance is provided and underwritten by AXA Insurance UK plc.

Your benefit Some key benefits Some important exclusions
Travel Insurance •Covers certain Winter Sports
•Covers UK leisure travel when two or more consecutive nights accommodation is booked
•Comprehensive cover including:
 -Emergency medical cover (up to £10,000,000)
 -Cancellation or curtailment cover (up to £5,000)
 -Personal accident cover (up to £30,000)
 -Baggage cover (up to £2,500, £500 of which for valuables)
 -Travel disruption cover (up to £5,000)
•Multi-trip Worldwide travel cover for you and your family (includes, if eligible, your spouse, civil partner or partner and children).
•Children must travel with you, your spouse, partner or civil partner or a responsible adult
•The standard maximum trip duration is 45 consecutive days (for Winter Sports maximum 31 days cover in any calendar year)
•£40 excess may apply
•Medical conditions that you and anyone to be covered have, or have had, if they are not all on the ‘No Screen Conditions’ list must be declared and cover agreed with the insurer (there may be an additional premium if the insurer agrees to cover the condition(s))
•All cover stops on your 80th birthday. As long as you are under 80 your spouse, civil partner or partner will also be covered until they reach 80

£40 excess may apply.

Keep in mind the cover is provided whilst you are a United Kingdom resident and are registered with a medical practitioner in the United Kingdom.

Read the policy documents for full details and exclusions (PDF, 3.3MB)

We will also provide you with the Insurance Product Information Booklet (PDF) as part of the account application process.

Claims and assistance

If you’re abroad and you need assistance, you can call our 24-hour assistance helpline on +44 1633 815 819.

If you need to make a claim, all you need to do is call Platinum Membership Services on 0345 850 5300. You can also log your claim with AXA online here.

AA breakdown cover is provided by Automobile Association Developments Limited (trading as AA Breakdown Services).

Your benefit Some key benefits
AA Breakdown Cover •Roadside Assistance
•Accident Management
•Customer covered, not the vehicle
•Service is only available in the UK, Channel Islands and Isle of Man
•Home Start
•Relay

Read the policy documents for full details and exclusions (PDF, 3.3MB)

We will also provide you with the Insurance Product Information Booklet (PDF) as part of the account application process.

Assistance and emergencies

If you break down on the road, call the AA direct on 0800 783 0543 or Platinum Membership Services on 0345 850 5300. For AA Accident Management Support, call 0800 374 347.

Mobile phone insurance is administered by Lifestyle Services Group Limited with a single insurance provider, Assurant General Insurance Limited.

Your benefit Some key benefits Some important exclusions
Mobile Phone Insurance

•Insures one phone on a sole account and two phones from joint accounts
•Repair or replacement phone up to a maximum of £2,000 (including VAT)
•Covers loss, theft,damage or breakdown (including faults)

•Excess is £100

•No more than two successful claims per account holder in any 12 month period

 

Keep in mind unauthorised network charges are only covered in the event of a successful loss/theft claim.

Keep in mind you’ll need to pay a contribution of £100 each time you make a successful claim (this is the excess).

Read the policy documents for full details and exclusions (PDF, 3.3MB)

We will also provide you with the Insurance Product Information Booklet (PDF) as part of the account application process.

It’s recommended that you register your phone details as it may help simplify the process for any claims you might have to make in the future. Call Platinum Membership Services on 0345 850 5300 or register online to provide your mobile phone details.

Card loss assistance

Card loss assistance is provided by Citymain Administrators Ltd.

Keep in mind no insurance cover is included with this service which means it does not provide any cover for any financial loss incurred due to the loss or theft of cards.

Your benefit Some key benefits
Card Loss Assistance •With one call day or night, Citymain can request card issuers cancel all financial cards and issue replacements where possible
•You can register the cards for your family if they live with you
•You can also register your passport and driving licence numbers with Citymain for easy access should you lose them.

Read the policy documents for full details and exclusions (PDF, 3.3MB)

We will also provide you with the Insurance Product Information Booklet (PDF) as part of the account application process.

We recommend you register your cards with Citymain. Call Platinum Membership Services on 0345 850 5300.

Credit interest

1.5 %AER (1.49% gross) variable

1.5% AER variable credit interest on your entire balance from £1 to £5,000

Earn variable credit interest on balances between £1 and £5,000 when you pay at least two separate Direct Debits from your Club Lloyds current account each calendar month.

You will still need to pay at least two different Direct Debits from your Club Lloyds current account each calendar month, and no credit interest is payable on the amount of any balance over £5,000.

Lifestyle benefits

Club Lloyds interest rates are variable and apply to your whole balance.

Balances between AER Close Annual Equivalent Rate AER 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. Close Gross Rate Gross 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 - £5,000

1.5%

1.49%

For example, if you have £4,000 in your account for one year, you'll receive an interest rate of 1.5% AERCloseAnnual 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. variable on your entire balance, provided you pay two separate Direct Debits from your Club Lloyds current account each calendar month.

Interest is calculated daily, and paid monthly, but will not be paid in any month you do not have two separate Direct Debits paid from your account, or on amounts over £5,000.

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.

Lifestyle Benefits

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

Cinema Tickets

Cinema Tickets

  • 6 cinema tickets to use during the year at over 80 locations across the UK.
  • Cinema tickets can be used for standard 2D admission ticket and can also be used as part payment on non-standard admission, e.g. 3D screenings.
  • Tickets are valid for 12 months.
Magazine subscription

Magazine subscription

Choose 1 of the following 25 magazines to have delivered to your door or downloadable to your device (compatible with Apple and some titles compatible with Android™ devices).

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

All titles available in print
*Digital subscription available on Apple only
**Digital subscription available on Apple and Android

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

Gourmet Society membership

Dining offers

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

  • 2 for 1 meals
  • 25% off your total bill
  • 50% off food

More information

Find out more about Club Lloyds Lifestyle Benefits

Banking offers

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

Club Lloyds Monthly Saver

Savings: Club Lloyds Monthly Saver

  • Earn 3.00% grossCloseGross rateGross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form./AERCloseAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers. fixed for the first 12 months.
  • Save between £25 and £400 every month via standing order.
  • After 12 months your account will automatically change to an Easy Saver account, currently paying 0.20% gross/AER variable for a further 12 months. The account will then automatically change to a Standard Saver.
  • Instant access to your account, online, by phone and in branch.
  • Representative example: If you save £200 each month, you'll earn £40.95 GrossCloseGross rateGross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form. interest after 12 months.

Savings: Club Lloyds Saver

  • Earn 0.60% grossCloseGross rateGross rate means that credit interest is paid without income tax being deducted. You can receive your interest paid gross if you are a non-tax payer and have completed an Inland Revenue R85 form./AERCloseAnnual Equivalent RateThe Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded each year and allows you to easily compare different offers. on balances of £1,500 or more (0.20% gross/AER on balances below £1,500) for 12 months from account opening.
  • After 12 months the account will automatically change to a Standard Saver. See Standard Saver interest rates.
  • Instant access to your account, online, by phone and in branch.
Mortgages

Mortgages

As a Club Lloyds customer you can take advantage of two mortgage offers

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

You'll receive a 0.20% discount off whichever fixed rate you choose. Excludes Negative Equity.

£250 cashback

  • Available to first time buyers, home movers and those looking to remortgage to us from another lender who complete on a qualifying mortgage.
  • £250 cashback will be paid on completion through your conveyancer.
  • Apply between 9th April and 17th June 2018.
  • Offer can be withdrawn at any time and excludes: product transfers, further advances and buy to let.

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.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Home Insurance

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

Planned Overdraft

Planned Overdraft

Planned Overdraft

  • Setting up a Planned Overdraft is free.
  • You'll only pay a daily overdraft fee if you use it.
  • You can apply for a Planned Overdraft, where up to the first £300 is fee-free.
  • If you are upgrading and don’t already have a Planned Overdraft you can apply for one once you complete this application. Applying for this product does not improve your eligibility for an overdraft.
  • All overdrafts are subject to our assessment of your circumstances and are repayable on demand.

Representative example:
If you use a Planned Overdraft of £1,200 on your Club Lloyds Platinum Account, then we’ll charge you a daily overdraft fee of £1.28. For Club Lloyds Platinum accounts, the daily overdraft fee on the first £300 is 0p.

More about Personal Overdrafts

Debit card

Services that come with Added Value Accounts

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.

More about debit cards

Banking your way

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.

More about ways to bank

Everyday offers

Everyday Offers

Get up to 15% cashback using Everyday Offers at the type of places you regularly shop. It’s available to UK personal current account customers over 18, who bank online. Retailer offers and cashback amounts may vary.

More about Everyday Offers

Text Alerts

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.

Find out more about mobile alerts

Save The Change

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.

More about Save the Change®

Money Manager

Money Manager

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

More about Money Manager

Joint account

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.

More about joint accounts

Mobile app

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.

More about the Mobile Banking app

Current Account Switch Guarantee

Switch to Lloyds Bank

As a Lloyds Bank customer, you’ll have access to a fantastic combination of services and banking on the move

  • Banking on the move with our award-winning Mobile Banking App, winner of the 2014 World Innovation Awards for Innovation in the delivery of financial products (Mobile).
  • Banking your way 24/7 with Internet and Telephone Banking.
  • A contactless Visa debit card you can withdraw up to £500 a day at a Lloyds Bank Cashpoint or other cash machines.
  • Access to one of the biggest banking networks in the UK.
  • Get up to 15% cashback using Everyday Offers at the type of places you regularly shop. It’s available to UK personal current account customers over 18 who bank online. Retailer offers and cashback amounts may vary.
  • Keep track of your money, wherever you are with Mobile Alerts.

Switch your current account to us in just 7 working days, using our stress-free process

Whether you want to move to Lloyds Bank or you already bank with us and want to open a new Club Lloyds current account, switching is easy. Our team will do everything to ensure your switch runs smoothly, including transferring all your Direct Debits and standing orders to your new account for you.

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 Bank account.
  • Working day 3-5
    It’ll take a couple of days to switch over your payment arrangements, and make sure your Lloyds Bank 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 Bank 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 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.

Current Account Switch GuaranteeCurrent Account Switch Service logo

 

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 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.

 

 

Upgrade your current account

Upgrades for existing customers

Upgrade your current account

You can upgrade to this account online if you’re an existing Lloyds Bank current account holder. Simply log on to apply, or register for Internet Banking if you haven’t already.

Log on to upgrade

Online

Apply as a new customer

Online

Fill in our simple online application form. We’ll just need a few bits of information, and you need to be over 18, a resident in the UK, and either an EU national or have permission to stay in the UK for at least 12 months. All you'll need is:

  • address details for the last three years
  • details of your pensions, benefits, income and savings
  • employer's name and address

Apply for Club Lloyds Platinum account online

Branch

In branch

Pop into any Lloyds Bank branch and our staff will be happy to help. In busier periods when staff may not be immediately available, we’ll be happy to book an appointment for a later date. You can also call 0345 300 0000 (+44 1733 347 007 from outside the UK) to book an appointment in advance. Lines are open 7am - 11pm, 7 days a week.

Find your nearest branch

Phone

By phone

Call us on 0800 015 4000
Lines are open Monday - Friday 8am - 10pm, Saturday and Sunday 8am - 6pm.

You can upgrade online to Club Lloyds Platinum if:
  • you’re an existing Lloyds Bank current account holder
  • you’re aged 18 or older and a resident in the UK
  • you’re an EU national, or have permission to stay in the UK for at least 12 months

Existing current account customer? Upgrade through Internet Banking Upgrade now

New current account customer? It's easy to apply online Apply now

With so much choice, take a look at our other current accounts to see which account suits you best.
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