Current accounts
Join the millions of customers already enjoying their Lloyds Bank current account.
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Choose from our range of current accounts
Our products
From 2 June 2025, we're increasing the Club Lloyds monthly fee to £5 per month. We'll continue to refund this for each month you pay in £2,000 or more.
Classic
£0 monthly fee
- Get up to 15% cashback with Everyday Offers from selected retailers*
- Access to all of the great app features
- Option to apply for an arranged Overdraft**
*Retailer offers and cashback amounts vary.
**All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.
Club Lloyds
Refunded each month you pay in £2,000 or more
All the benefits of Classic, plus
- No debit card fees from us abroad
- Choose a Lifestyle Benefit each year
- Earn interest on balances up to £5,000 when you pay out 2 Direct Debits per month
- Get exclusive offers on savers and mortgages
Lloyds Premier
Refunded each month you pay in £5,000 or more, or hold £100,000 in qualifying savings and investments
All the benefits of Club Lloyds, plus
- Bupa Family GP and Wellbeing subscription
- Earn 1% cashback, up to £10 per month on eligible card spend
- Preferential savings rates and mortgage offers
- Expert financial coaching service
- Dedicated 24/7 Premier servicing team
Club Lloyds Silver
+£3 Club Lloyds monthly fee which is refunded each month you pay in £2,000 or more
All the benefits of Club Lloyds, plus
- European and UK family travel insurance - up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- Mobile phone insurance
Club Lloyds Platinum
+£3 Club Lloyds monthly fee which is refunded each month you pay in £2,000 or more
All the benefits of Club Lloyds, plus
- Worldwide family travel insurance up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- Mobile phone insurance
Silver
£11.50 per month
All the benefits of Classic, plus
- European and UK family travel insurance - up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- Mobile phone insurance
- No debit card fees from us at home or abroad
Platinum
£22.50 per month
All the benefits of Classic, plus
- Worldwide family travel insurance - up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- Mobile phone insurance
- No debit card fees from us at home or abroad
Basic Account
£0 monthly fee
Get up to 15% cashback with Everyday Offers from selected retailers
Access to all the great mobile app features
You cannot apply directly for a Basic Account.
You will need to start the application process for a current account with us, and we will try to obtain information about your credit history. We may offer you the Basic Account if you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history.
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
Youth and student accounts
We also offer a range of bank accounts for kids, teens, and students, all with contactless VISA debit cards and mobile banking access.
Switching current accounts
Switching your bank account to us is quick and easy. Just fill in our simple online form and we’ll take care of the rest. With the current account switch service it'll only take 7 working days. And we’ll close down your old account for you when it’s done.
More on switching
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3 months 0% interest overdraft when you switch
To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 3 months, subject to application and approval. An arranged overdraft can act as a useful safety net. You can use it to borrow money up to an agreed limit through your bank account.
What happens after the 0% interest free period ends?
Once your three month interest-free period ends we will charge interest daily. The daily arranged overdraft interest rate will be based on how you manage any accounts with us and on the credit information we hold about you. We will let you know this rate in the pre contract credit information we give you if you apply for an arranged overdraft.
Representative example (based on using a Club Lloyds Account)
An arranged overdraft on a Club Lloyds account has a variable interest rate of 27.5% EAR, and a variable representative rate of 29.9% APR, based on borrowing £1,200. The APR includes monthly account fees of £3* and an interest free amount of £50.
*The £3 fee is waived for each month you pay in at least £2,000 into your account.
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.
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 and £17.98 for 60 days.
Arranged overdrafts are subject to application and approval and repayable on demand. You must be 18 or over to apply. Arranged overdraft limits and interest rates vary based on your individual circumstances.
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To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 3 months, subject to application and approval.
Are you eligible for the arranged overdraft offer?
To qualify for the interest-free offer you must:
- Use the Current Account Switch Service. This service means your old account will be closed and all your payments transferred to your new Lloyds Bank account
- Have not used the offer within the last 12 months
- Have applied, and been approved for an arranged overdraft on your new Lloyds Bank account
Any questions on the switcher overdraft offer? Just call us on 08456 049 956
How do you apply for an arranged overdraft?
At the end of your current account application process, we may offer you an arranged overdraft. If we do, we'll tell you the maximum amount you can have and you can add it right away. You can also apply for one later.
What happens if I am overdrawn and want to switch?
We will show you the maximum amount of arranged overdraft we can offer you before you complete your switch request form, if we are unable to offer you the full amount you will need to make arrangements with your bank to pay back the remaining amount. If you've already got a current account with us you can log onto Internet or Mobile Banking and see if there is an option to extend your arranged overdraft.
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- What is the Current Account Switch Service? It’s a free service that lets you switch your current account from one participating bank or building society to another. It has been designed to be simple, reliable and stress-free and is backed by the Current Account Switch Guarantee.
- Can I switch my account on a date that suits me? Yes, you can choose and agree a date with your new bank or building society and the process will start 6 working days before that date. (Working days are Mon - Fri excluding bank and public holidays.)
- What happens to payments that people send to my old account, i.e. salary, pension or benefit payments? The Current Account Switch Service will redirect payments to your new account. Each time an electronic payment is redirected an automatic message is sent back to the originator advising them of the new account details so they can update their records. Some organizations may contact you directly to confirm your details have changed.
- What happens if there is a mistake or unnecessary delay in the current account switching process? The Current Account Switch Service is backed by the Current Account Switch Guarantee. This guarantees that any charges or interest incurred on your old or new account, as a result of a failure in the switching process will be refunded when you bring this to our attention.
- Will switching my current account affect my credit rating? No, providing you repay any outstanding overdraft(s) on your previous account(s) as required by your old bank or building society. If there are any problems with payments (as part of the switching process) we will correct them and ensure your credit rating is not affected.
- Can I switch my current account if I am overdrawn? Yes, and we may be able to provide facilities to help you pay off any overdraft, subject to their normal lending criteria. If this isn’t the case you must make separate arrangements to repay your old bank or building society what you owe.
- What if I change my mind? You can cancel your switch up to seven working days before your switch date. After that only certain elements can be cancelled. We will guide you through this process if you choose to do this.
- When will the money in my old account be transferred to my new account? You will be able to access the funds in your old account up to and until your switch date when they will be transferred to your new account.
- Do all Banks and Building Societies offer the same Current Account Switch Service? High Street banks and building societies and Internet and Telephone banks that display the ‘Current Account Switch Guarantee’ Trustmark will offer the Current Account Switch Service. You can find a list of participating organisations at www.currentaccountswitch.co.uk
- What type of accounts can I switch using the Current Account Switch Service? The Current Account Switch Service is for current accounts only. This includes personal, small business and charity current accounts. Small business accounts are those with an annual turnover that does not exceed £6.5 million and employs fewer than 50 people. Small charities have an annual income of less than £6.5 million and small trusts with a net asset value of less than £6.5 million. If you are still unsure if you qualify then please ask us to confirm. If you would like to switch other account types, such as a savings account, you will need to ask us if we are able to help you do this.
- What happens to any debit card transactions that I have asked my old bank to stop? The Current Account Switch Service should not interfere with this process and any debit card transactions that you have asked your bank to stop should remain so after your switch.
- Can I prevent my new account details being given to someone who sends one-off payments to my old account? You may be able to transfer your payments to us without redirecting payments from your old account, and you should discuss this requirement with your new bank.
- What should I take with me to my new bank or building society? The requirements for opening an account will vary between individual banks and building societies, so please ask them to confirm what they will need from you. However, in order to ensure your switch is successful, it is advisable that as a minimum you should take a recent bank statement and your debit card so we can identify you and link you to your old account.
- Does the Current Account Switch Service cover joint accounts? Yes, the Current Account Switch Service does cover joint accounts, but both named parties on the account will need to complete the relevant forms. Please note it is not possible to use the Service to switch a joint account to a sole account.
- My new bank says I need to update my details with my old bank. Do I? Why? If the details you provide to us do not match the details held by your old bank then you may be asked to contact your old bank to update the details they hold about you. Examples include if you have got married and not changed your maiden name to your married name or if you have moved house and not told your old bank your new address. When you are updating your details at your old bank you do not have to tell them that you will be switching to a new bank.
- Do you have to close your old account as part of the Current Account Switch Service? Yes. Closure of the old account is part of the Current Account Switch Service process. This allows any payments made to your old account to be automatically redirected to your new account. You can switch and keep the old account open if you want to, but you won’t be able to use the Current Account Switch Service – so you won’t get any of the benefits detailed in the Current Account Switch Guarantee.
- What should I do if my bank doesn’t meet the seven working day guarantee? Will I get any compensation? If anything goes wrong with your switch then we will refund you any interest (paid or lost) and charges made on either the old account or the new account. Whether you receive compensation above and beyond this is a customer-service issue for your particular bank to decide on.
- Are account opening and account switching all part of the same process? Account opening and account switching are separate processes. We have to carry out ‘know your customer’ security checks as part of our account opening process. Once these are complete to our satisfaction, you can choose and agree your switch date.
- If the switch is delayed for any reason, can I use my new account straight away? Yes, if the new account is open and you have money in it (or an overdraft agreed) then you can use it.
- What will happen to my Paym registration when I switch? On your switch date your old bank or building society will de-register your mobile phone number from Paym. You can then re-register your mobile number with us. You can do this on or after your switch date, or earlier if you de-register your mobile number at your old bank or building society yourself.
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Overdrafts
An arranged overdraft can act as a short-term safety net if you need to borrow a little extra money. Learn more about overdrafts and check your eligibility today.
Discover current accounts
Learn how to get the most out of your Lloyds Bank current account with our help and guidance pages.
Important legal 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.
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