The monthly fee is to maintain the account.

Get £150 in 10 working days when you switch to a new Club Lloyds Platinum account

Offer ends 17 July 2023. T&Cs apply.

To qualify for the £150 switching offer you must:

To qualify for the £150 switching offer you must:

  • Open a new Club Lloyds account, Club Lloyds Silver account or Club Platinum account.
  • Use the Current Account Switch Service to transfer and close your existing account held with another bank into the new account.

You wont qualify for the offer if:

You wont qualify for the offer if:

  • You are switching to any other Lloyds Bank current account that isn’t named above.
  • You switch into an existing account.
  • You’ve received cash back for switching to Lloyds Bank or Halifax Bank since April 2020.
  • You start your switch after 17 July 2023.
  • Working day 1
    The switch begins. We make contact with your old bank to arrange the switch.

    Working day 2
    We’ll let you know that your old bank has received your request, and then we can start transferring your payment arrangements across 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 this transfer.

    Working day 7
    Congratulations your switch is complete! Your balance is transferred and your old bank account is closed.

    After your 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.

  • When will I receive the £150?
    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 £150 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 or Halifax since April 2020 and you complete your switch using the Current Account Switch Service to switch a bank account held elsewhere

    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 have to 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 17 July 2023, you can complete your switch at a later date through Internet Banking or on our mobile app

Features and benefits

Tip: use the scroll bar below to slide between the different features and benefits.

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

Platinum insurance benefits

  • Worldwide multi-trip travel insurance administered by AWP Assistance UK Ltd (Allianz Assistance) and underwritten by AWP P&C SA.

    Important information

    Cover for any medical conditions under this policy: you may need to declare these, agree cover with Allianz Assistance and an additional premium may apply. If this affects you contact Allianz Assistance directly to find out more.

    You might want to visit the MoneyHelper service, which lists firms offering travel insurance for customers with medical conditions. This could help if you’ve been offered cover with a high premium, been refused, or have had cover cancelled due to medical conditions. Think about what might suit your needs best and who you need specialist cover for. For more information access the directory, or call them on 0800 138 7777 (Mon – Fri 8am to 6pm).

    Club Lloyds Platinum benefit - Travel insurance

    Some key benefits

    Some important exclusions

    Some key benefits

    • 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)
    • 24/7 GP telephone service and video consultation service

    Some important exclusions

    • 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
    • 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))
    • £75 excess per adult per incident may apply
    • Children must be 18 or under, 24 or under if they’re in full time education
    • Children must travel with you, your spouse, partner or civil partner or a responsible adult.
    • The standard maximum trip duration is 31 consecutive days (for Winter Sports maximum 31 days cover in any calendar year)
    • There is no cover if travelling against the advice of the Foreign, Commonwealth & Development Office (FCDO) or other regulatory authority
    • There is no cover if you cannot travel or choose not to travel because the FCDO, or any other equivalent government body in another country advises against travel due to a pandemic

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

    Read the policy documents for full details and exclusions (PDF, 4.7MB)opens in a new tab

    We will also provide you with the Insurance Product Information Booklet (PDF, 1.1MB)opens in a new tab as part of the account application process.

    Claims and assistance

    You can access your packaged bank account benefits, view policy details and make a claim in the app and via Internet Banking.

    • For app, click on ‘view account benefits’ from the more button or search for ‘account benefits’.
    • For Internet Banking head to the ‘account benefits’ section.

    You can also make a claim by calling Platinum Membership Services on 0345 850 5300

    Call 0345 850 5300If you’re abroad and need assistance, you can call our 24 hour assistance helpline on +44 (0) 208 239 4010

    You can also visit our payment disputes page, for help if your travel has been disrupted.

  • AA Breakdown Family Cover is provided by Automobile Association Developments Limited (trading as AA Breakdown Services).

    Club Lloyds Platinum benefit - AA Breakdown cover

    Some key benefits

    Some key benefits

    • Roadside Assistance 
    • Cover for the account holder and eligible family members, not the vehicle
    • Service is only available in the UK, Channel Islands and Isle of Man
    • At Home
    • National Recovery

    With AA Breakdown Family Cover, there’s cover for account holders and certain family members in vehicles, whether you or they are the driver or the passenger. Family members must live at the account holder’s home address or be temporarily living away from that address, but still within the UK (e.g. students).

    Eligible family members will include your:

     

    • Partner*
    • Parents**
    • Siblings***
    • Grandparents 
    • Children**** 
    • Other family members*****
       

    You’ll all be covered as drivers or passengers in most vehicles, including cars, motorbikes and vans.

    * including spouse, civil partner, fiancé/fiancée

    ** including stepparents, foster parents, father in-law, mother in-law

    *** including brothers, sisters, brother in-law, sister in-law, step-sisters, step-brothers

    **** including stepchildren, foster children, grandchildren, son in-law, daughter in-law

    ***** including aunts, uncles, nieces, nephews and first cousins

    AA Breakdown Family Cover FAQ's

    Read the policy documents for full details and exclusions (PDF, 4.7MB)opens in a new tab

    We will also provide you with the Insurance Product Information Booklet (PDF, 1.1MB) opens in a new tab as part of the account application process.

    Assistance and emergencies

    If you break down on the road, call the AA direct on 0800 783 0543Call 0800 783 0543 or Platinum Membership Services on 0345 850 5300Call 0345 850 5300.

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

    Club Lloyds Platinum benefit - Mobile phone insurance

    Some key benefits

    Some important exclusions

    Some key benefits

    • 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)

    Some important exclusions

    • Excess is £100
    • No more than two successful claims per account holder in any 12 month period
    • If you make a valid claim for a replacement handset, you will receive a refurbished device which has been through a comprehensive checking process to ensure it’s in full working order

    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, 4.7MB)opens in a new tab

    We will also provide you with the Insurance Product Information Booklet (PDF, 1.1MB) opens in a new tab 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. You only need to call us in the event of a claim in which we will register the details of your phone. Follow these steps to register your mobile phone through Internet Banking:

    • Log on to Internet Banking
    • Select the ‘More actions’ button on your Platinum Account
    • Then select ‘View account benefits’ found under the ‘Account information and benefits menu’
    • You can register your phone under the ‘Mobile phone insurance’ section

    You can make a claim by calling Platinum Membership Services on 0345 850 5300

Existing customer queries

This account includes insurance and breakdown benefits. You can now view your policy details and make new claims in the app and Internet Banking. Find it in your account menu under 'view account benefits’.

Existing Customer Queries

Discover more about Packaged Bank Accounts

    • There is cover for emergency medical assistance overseas if you fall ill (including being diagnosed with an epidemic or pandemic disease)
    • There is cancellation cover if you or your travelling companion are refused boarding on booked transport if the carrier or a Government authority will not let you travel because, at the point of boarding, you or they are showing symptoms of a contagious disease
    • There is cancellation cover for anyone booked to travel and covered under the policy if they, or a companion they are travelling with, are asked to quarantine on an individual basis because of exposure to a contagious disease
    • There won’t be cover if you’re abroad and you are instructed to return home, or choose to leave early to avoid having to quarantine when you get home due to the risk of exposure to a contagious disease. The instruction to return home could be from the UK Government or from the government of the country you’re visiting
    • There is no cover for any amount recoverable from any other source such as your airline or your accommodation provider
    • There is no cover if you choose not to or cannot travel because the FCDO (or any other equivalent government body) advises against travel due to a pandemic

    If you’re a Platinum account customer, please read our travel insurance FAQs (PDF, 145KB)

Club Lloyds benefits

  • Monthly credit interest

    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.

    1.50%

    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.

    1.49%

    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.

    3.00%

    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.

    2.96%

    You could 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 credit interest on balances between £1 and £3,999.99, and 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 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 1.50% 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 on the first £3,999.99 and 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.

    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.

  • Club Lloyds Monthly Saver

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

    • Save from £25 to £400 a month.
    • Receive 6.25% 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

    Club Lloyds Advantage Saver

    This account is ideal for people who don’t need to make regular withdrawals, as you earn a higher interest rate if you make fewer withdrawals.

    • Open with just £1.
    • Receive 2.70% AER/2.67% gross variable interest if you make three or less withdrawals. Get 0.75% AER/gross variable if you make four or more. Interest is paid monthly.
    • Withdraw your money when you need it without charge.

    More about the Club Lloyds Advantage Saver

    Club Lloyds Advantage ISA Saver

    This is our cash ISA for Club Lloyds customers which pays more interest if you make fewer withdrawals.

    • Open with just £1.
    • Receive 3.00% AER/2.96% tax free variable interest if you make three or less withdrawals. Get 0.75% AER/tax free variable if you make four or more withdrawals. Interest is paid monthly.
    • Withdraw your money when you need it without charge.

    More about the Club Lloyds Advantage ISA Saver

    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.

    1.75

    • Open with just £1.
    • Receive up to 1.75% gross/AER variable interest on your savings. The rate depends on your balance.
    • Withdraw money when you like without charge.

    More about the Club Lloyds Saver

  • Travel money

    With a Club Lloyds account you get access to preferential exchange rates when ordering travel money with Lloyds Bank.

    Just order from a range of currencies by 1pm on a working day and get next day delivery to your home or your local branch.

    Existing Club Lloyds customer?

    Login to order travel money

    New to Club Lloyds?

    More about travel money

    Mortgages

    You could get £250 cashback when you take out a mortgage with us.

    Offer applies to first time buyers, customers who are switching their mortgage to us or moving home.

    Already have a Lloyds Bank mortgage? You could get an exclusive 0.20% discount off your initial fixed rate when you switch to a new mortgage deal. 

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

    More about Club Lloyds mortgage offers

    YOU COULD LOSE YOUR HOME IF YOU DON'T KEEP UP YOUR MORTGAGE REPAYMENTS

    Children’s account: Smart Start

    With Smart Start, the child gets a savings account and a current account. Ideal for 11 to 15 year olds who want their first account with parental oversight.

    • The child gets their own contactless Visa debit card.
    • Parent or legal guardian has oversight of account activity.
    • Interest is earned on savings account only. Earn 2.50% AER/2.47% gross variable interest on balances of £1 to £1,000. Earn 0.85% AER/gross variable interest on any money above £1,000.

    More about Smart Start

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

Disney+ subscription

With more laughs, more thrills and more surprises from the brands you know and love, offering thousands of hours of entertainment – There’s something for everyone to enjoy when you select 12 months of Disney+.

Stream exclusive originals and the biggest blockbusters to suit every moment and every mood.  

Coffee and Dining offers

An annual Coffee Club and Gourmet Society membership gives you 25% off barista-made drinks at Caffe Nero and 25% off your bill at brands such as Prezzo and thousands of independent restaurants. Get 50% off pizza takeaway alongside great discounts on theatre tickets and UK attractions.

Cinema tickets

At Vue cinemas, your vouchers also entitle you to half price popcorn. At ODEON cinemas, you can redeem your vouchers at ODEON Kids Screenings, which come with a free small popcorn per ticket.

Magazine subscription

Choose one magazine to have delivered to your door and downloadable to your device (compatible with Apple and Android devices), or as a digital only subscription. For list of titles see Lifestyle benefits.

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

More about lifestyle benefits and FAQs

  • Monthly fee

    The Club Lloyds Platinum monthly maintaining the account fee comprises of:

    • Platinum Account monthly maintaining the account fee of £21 per month; plus
    • Club Lloyds monthly maintaining the account fee is free or £3 per month.

    The £3 fee is waived for each month you pay in at least £2,000 into your account. If in any month you don't pay in this amount, you will need to pay the £3 monthly maintaining the account fee.

    Maximum combined monthly maintaining the account fee of £24 per month.

    How do I waive the £3 monthly fee?

    To waive the £3 fee for maintaining the account, you'll need to pay at least £2,000 into your Club Lloyds account in the calendar month for the following month's fee to be waived. Each month you pay in at least £2,000 you'll not be charged the fee for maintaining the account. 

    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 via these methods. Money refunded into your account is not counted 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 in £500 in four separate 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'll count towards the £2,000 requirement to waive the fee. Any money paid in can be used as normal to pay bills, spend or transferred into another account.

  • Discount on monthly fee

    You could get a £5 discount on your monthly maintaining the account fee if you have a Club Lloyds Platinum account. To qualify, you must have paid the full Platinum monthly maintaining the account fee, and in the previous month: 

    • Paid in £4,300 or more into your sole Club Lloyds Platinum account or £5,500 or more if it is a joint account; or
    • Held savings of £75,000 or more in qualifying bank or savings accounts for the whole month. For sole accounts, these savings can be in joint names or your name only. For joint accounts, these must be in your joint names only.

    Conditions apply and full details are available here (PDF, 78.4KB). To find out more, please read these Frequently Asked Questions (PDF, 123KB).

  • 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

    Contactless payments - tap and pay with a Visa Debit Card up to £100. You can now use our mobile banking app to choose a contactless payment limit between £30 & £95. You can also add your card to Apple Pay and Google Pay.

    Securely view your debit card PIN and card details in the app - to allow you to complete a transaction in-person or online.

    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

    Cashback with Everyday Offers

    With Everyday Offers you can get up to 15% cashback on your credit/debit card purchases or when you pay by Direct Debit, 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. Retailer offers and cashback amounts may vary.

    More about Everyday Offers

    Text 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.

    More about Save the Change®

    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

    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

    Manage subscriptions - view, cancel and block regular subscription payments in the mobile banking app.

    24/7 mobile and internet banking - you can also visit us in branch or contact through telephone banking.

    Payments

    All the ways to do everyday banking. And how we make it simple.

    How to make payments

    How to pay in cheques

    Cheque scanning -  pay in cheques of up to £5,000 in to your account by simply taking a photo of your cheque and uploading to the app. There is a maximum daily limit of £5,000 per day.

    Credit Score

    Check your Credit Score - no impact on your credit file.

Apply for, or upgrade to a Club Lloyds Platinum account today

To apply for this account, you need to be aged 18 or older and live in the UK.

If you are not an existing Lloyds Bank customer you may need to provide proof of identity.

New customer?

New customer?

Apply online and we should be able to give you a decision within 10 minutes.

Apply now for a Club Lloyds Platinum account.

Existing customer?

Existing customer?

Open a new current account or change your account through Internet Banking.

Log in to apply

I'd like to open a joint account

I'd like to open a joint account

Joint accounts for a joint account

You can also apply for this account by calling us on 0800 015 4000 (Line are open 9am – 6pm Monday – Saturday) 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 8am – 8pm, seven days a week.
Not all Telephone Banking services are available 24 hours a day, seven days a week.

Choose the best current account for you

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

Current account FAQs

  • Packaged bank accounts typically involve paying a monthly maintaining the account fee in return for additional account perks and benefits. For example, these benefits could include breakdown cover, mobile phone insurance and travel insurance, all of which would be covered by the monthly account fee. These are on top of all the features you might normally expect from a current account. If you have a need for more than one of the benefits, it’s a great way to have your insurances grouped together and can often be seen as more cost effective.

  • 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 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.

    switch guarantee

    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 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.

    crystal mark 20785

  • 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

    • £50 interest free amount
    • 27.5% 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

    Representative Example

    A variable representative rate of 58.1% 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 Platinum monthly maintaining the account fees of £21, Club Lloyds monthly maintaining the account fees of £3* and an interest free amount of £50

    * The Club Lloyds fee of £3 is waived for each month you pay in at least £2,000 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

     

    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 qualify for the £150 switching offer (“the offer”) you must switch to a new Club Lloyds Account, a Club Lloyds Platinum Account or a 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 (£3 monthly maintaining the account fees apply), a new Club Lloyds Platinum Account (£21 and £3 monthly maintaining the account fees apply) or a new Club Lloyds Silver Account (£10 and £3 monthly maintaining the account fees apply)  (‘Qualifying Account’). The ‘Current Account Switch Service’ will close your old account with the other bank; and
    • start your switch from your old bank account using the ‘Current Account Switch Service’ to a Club Lloyds Account, a Club Lloyds Platinum Account or a Club Lloyds Silver Account between the 09/05/2023 and the 17/07/2023.

     You are not eligible for the offer if:

    • You switch to any account other than Club Lloyds Account, a Club Lloyds Platinum Account, or a Club Lloyds Silver Account.
    • You switch to any existing Lloyds account. You change your existing Lloyds Current Account to a Club Lloyds Account, Club Lloyds Silver or Club Lloyds Platinum Account and switch to that account
    • You’ve received a switching offer since April 2020 for switching to any Lloyds 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 named on any bank account held in joint names
    1. The offer applies to applications received in branch, online or by phone from the 09/05/2023 and the 17/07/2023. The offer is subject to change and can be withdrawn without notice at any time.
    2. 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 will not pay any daily arranged overdraft interest for 3 months provided you stay within your arranged overdraft limit and do not increase or otherwise alter the arranged overdraft limit agreed.
    3. After 3 months, or if you change your account, you will be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. Please see the Bank accounts and switching to us leaflet for full details on arranged overdraft interest. You will have been given this when you opened your account, but if you would like another one, please ask in branch or look at https://www.lloydsbank.com/current-accounts
    4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
    5. The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit.

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.

Lloyds Bank adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).

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 over 18 to apply.

Overdrafts are repayable in full on demand.

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.

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