
Club Lloyds Silver Account
Our account that offers you a range of everyday benefits, giving you the best of Silver and Club Lloyds.
£10 monthly fee plus a £3 monthly Club Lloyds fee. We’ll refund the £3 monthly fee every month in which you pay in £1,500 or more. From 1 April 2023 you'll need to pay in £2,000 or more.
The monthly fee is to maintain the account.
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- 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 Silver account customer, please read our travel insurance FAQs (PDF, 145KB)
Compare our Packaged Bank Accounts to make sure you get the right level of cover
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European and UK Travel Insurance |
Worldwide Travel Insurance |
Breakdown Roadside Assistance |
Breakdown At Home and National Recovery |
Mobile Phone Insurance |
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Club Lloyds Silver Account£10 monthly fee to maintain the account + No fee or £3* |
European and UK Travel Insurance
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Worldwide Travel Insurance |
Breakdown Roadside Assistance |
Breakdown At Home and National Recovery |
Mobile Phone Insurance |
The account you're viewing |
Club Lloyds Platinum Account£21 monthly fee to maintain the account + No fee or £3* |
European and UK Travel Insurance
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Worldwide Travel Insurance
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Breakdown Roadside Assistance |
Breakdown At Home and National Recovery |
Mobile Phone Insurance |
* There's a £3 monthly Club Lloyds fee, but we’ll refund the £3 fee every month in which you pay in £1,500 or more. From 1 April 2023 you’ll need to pay in £2,000 or more.
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- 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.
- Check your Credit Score - no impact on your credit file.
- Securely view your debit card PIN and card details in the app - to allow you to complete a transaction in-person or online.
- Manage subscriptions - view, cancel and block regular subscription payments in the mobile banking app.
- 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.
- 24/7 mobile and internet banking - you can also visit us in branch or contact through telephone banking.
- Mobile alerts - you’ll get alerts straight to your phone so you can stay up to date on your finances.
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.
- 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.
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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
* The Club Lloyds fee of £3 is waived for each month you pay in at least £1,500 into your account. From 1 April 2023 you’ll need to pay in £2,000 or more.
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
Apply for, or upgrade to a Club Lloyds Silver account today
To apply for this account, you need to be:
- aged 18 or older
- someone who lives in the UK
If you are not an existing Lloyds Bank customer you will need to provide proof of identity
You could get a £2 discount on your monthly maintaining the account fee if you have a Club Lloyds Silver account. To qualify, you must have paid the full Silver monthly maintaining the account fee, and in the previous month:
- Paid in £4,300 or more into your sole Club Lloyds Silver 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).
You can also apply for this account by calling us on 0800 015 4000 (Lines 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.
More information on the benefits
Silver insurance benefits
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European and UK 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
Your benefit
Some key benefits
Some important exclusions
Your benefit
Travel Insurance
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)
- European travel insurance including Winter Sports for you and your family (if eligible), for up to 31 consecutive days per trip (for Winter Sports maximum 31 days cover in any calendar year)
- 24/7 GP telephone service and video consultation service
Some important exclusions
- All cover ceases on the account holders 65th birthday - so long as the account holder is under 65 their spouse, partner or civil partner will also be covered until they reach 65
- 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, 2.6MB)opens in a new tab
We will also provide you with the Insurance Product Information Booklet (PDF, 302KB)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 Silver Membership Services on 0345 603 1839
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.
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AA Breakdown Family Cover is provided by Automobile Association Developments Limited (trading as AA Breakdown Services).
Club Lloyds Platinum benefit - AA Breakdown cover
Your benefit
Some key benefits
Your benefit
AA Breakdown Family Cover
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
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 FAQs
Read the policy documents for full details and exclusions (PDF, 2.6MB)opens in a new tab
We will also provide you with the Insurance Product Information Booklet (PDF, 302KB) 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 316 0096Call 0800 783 0543 or Silver Membership Services on 0345 603 1839Call 0345 850 5300.
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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
Your benefit
Some key benefits
Some important exclusions
Your benefit
Mobile Phone Insurance
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, 2.6MB)opens in a new tab
We will also provide you with the Insurance Product Information Booklet (PDF, 302KB) 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 Silver Membership Services on 0345 603 1839
Club Lloyds benefits
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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% grossGross 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% grossGross 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 Silver 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% grossGross 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% grossGross 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 Silver 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 Silver 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.
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As a Club Lloyds customer you can choose a different Lifestyle Benefit every year per account
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As a Club Lloyds customer you'll get exclusive access to offers on a range of Lloyds Bank products
More about this account
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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. Merchant offers and cashback amounts vary. Once registered, you can activate your offers through Internet Banking or our Mobile Banking app.
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As a Club Lloyds Silver Account customer you get preferential exchange rates when ordering travel money with Lloyds Bank.
Ordering travel money online is simple and secure. If you order by 1pm your money will be sent to your home or local branch the next working day.
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- Personal banking terms and conditions & Banking Chargesopens in a new tab (pdf, 511.1 KB)
- Silver Account Welcome Packopens in a new tab (pdf, 2.5 MB)
- Club Lloyds welcome packopens in a new tab (pdf, 1.9 MB)
- Fee Information Documentopens in a new tab (pdf, 195.6 KB)
- Current account ratesopens in a new tab (web)
- Club Lloyds lifestyle benefits terms and conditionsopens in a new tab (pdf, 234.8 KB)
Is this the right account for you?
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Monthly fee for maintaining the account |
Club Platinum£21 + £3There's a £3 monthly fee for maintaining the account for the Club Lloyds Account, but we'll refund this every month in which you pay in £1,500 or more. From 1 April 2023 you’ll need to pay in £2,000 or more. |
Platinum£21 |
Club Silver£10 + £3There's a £3 monthly fee for maintaining the account for the Club Lloyds Account, but we'll refund this every month in which you pay in £1,500 or more. From 1 April 2023 you’ll need to pay in £2,000 or more. |
Silver£10 |
Club LloydsNo Fee or £3There's a £3 monthly fee for maintaining the account for the Club Lloyds Account, but we'll refund this every month in which you pay in £1,500 or more. From 1 April 2023 you’ll need to pay in £2,000 or more. |
ClassicNo Fee |
Overdraft facility available |
Club Platinum |
Platinum |
Club Silver |
Silver |
Club Lloyds |
Classic |
Credit interestOn balances from £1 up to £5,000. Just pay out two different Direct Debits each month. |
Club Platinum |
Platinum |
Club Silver |
Silver |
Club Lloyds |
Classic |
Lifestyle benefits |
Club Platinum |
Platinum |
Club Silver |
Silver |
Club Lloyds |
Classic |
European and UK travel insurance |
Club Platinum
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Platinum
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Club Silver
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Silver
|
Club Lloyds |
Classic |
Worldwide travel insurance |
Club Platinum
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Platinum
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Club Silver |
Silver |
Club Lloyds |
Classic |
AA Roadside Assistance |
Club Platinum |
Platinum |
Club Silver |
Silver |
Club Lloyds |
Classic |
AA National Recovery & At Home |
Club Platinum |
Platinum |
Club Silver |
Silver |
Club Lloyds |
Classic |
Mobile phone insurance |
Club Platinum |
Platinum |
Club Silver |
Silver |
Club Lloyds |
Classic |
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Club Platinum |
Platinum |
Club SilverThe account you're viewing |
Silver |
Club Lloyds |
Classic |
Current account FAQs
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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.
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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 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.
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.
- Working day 1
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.