Get £175 when you switch an account held with another bank to a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum Account.

  • You'll need to use the Current Account Switch Service to transfer a minimum of 3 active direct debits and close your current account held with another bank.

You won't be eligible if you've received an incentive for switching to a Lloyds Bank, Bank of Scotland or Halifax current account since April 2020. You may need to pay a monthly fee for the account. Offer ends 30 July 2024. Full terms and conditions can be found below.

Find out more about switching

Choose the best current account for you

Accounts included in switch offer

Club Lloyds

£3 monthly fee, waived each month that you pay in £2,000 or more.

  • Earn credit interest on your money - on balances up to £5,000,  when you pay out two different Direct Debits each month
  • Choose a yearly benefit from:
    • 12 months of Disney+
    • 6 x cinema tickets at ODEON or Vue cinemas
    • An annual Coffee Club and Gourmet Society membership
    • An annual magazine subscription
Club Lloyds

Club Lloyds Silver

 £11.50 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Club Lloyds account
  • European and UK multi-trip 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
Club Lloyds Silver

Club Lloyds Platinum

£22.50 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Club Lloyds account
  • Worldwide multi-trip family travel insurance up to age 80
  • AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
  • Mobile phone insurance
  • No debit card fees from us at home or abroad
Club Lloyds Platinum

Other accounts we offer

Classic

Free everyday banking when you stay in credit.

  • Contactless debit card
  • Mobile Banking app
  • Get up to 15% cashback - earn cashback with Everyday Offers when you pay by credit/debit card or Direct Debit with selected retailers*
  • Overdraft facility available**

* Merchant offers and cashback amounts vary. Internet Banking registration required. T&Cs apply.

** All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.

Classic

Silver

£11.50 monthly fee.

  • Everything you get with the Classic account
  • European and UK multi-trip 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
Silver

Platinum

£22.50 monthly fee.

  • Everything you get with the Classic account
  • Worldwide multi-trip family travel insurance up to age 80
  • AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
  • Mobile phone insurance
  • No debit card fees from us at home or abroad
Platinum

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

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

Or choose one of our other accounts

Take a look at our range of other accounts to see which one suits you best, or compare all of our accounts.

Youth & Student Accounts – Our Youth and Student Accounts will help you get the right start in life and be prepared for exciting times ahead.

Basic Account  – If you are ineligible for our other current accounts the Basic Account could be right for you.

Why choose Lloyds Bank?

Up to 15% cashback with Everyday Offers

Get up to 15% cashback at the type of places you regularly shop when you bank online and use your debit or credit card. Including:

Everyday Offers from Co-op, Costa, Hilton, Sky, and more

Merchant offers and cashback amounts vary. Registration for Everyday Offers is required. Activate offer for use on your next purchase. Available to Lloyds Bank UK personal current account customers (excluding basic account) with a debit and/or credit card aged 18+. Terms & conditions apply. More about Everyday Offers.

It's simple to switch your account to Lloyds Bank

We will do the hard work for you.

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

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

Switching to Lloyds

 

Day 1

Day 1-6

Day 7

 

You do

Day 1

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

Day 1-6

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

Day 7

Enjoy your Lloyds Bank account.

 

We do

Day 1

We'll start your switch.

Day 1-6

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

Day 7

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

  • To qualify for the £175 switching offer (“the offer”) you must switch to a new Club Lloyds Account, Club Lloyds Platinum Account or 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 (a £3 monthly fee may apply), a new Club Lloyds Platinum Account (£22.50 monthly fee applies, plus £3 monthly Club Lloyds fee may apply) or a new Club Lloyds Silver Account (£11.50 monthly fee applies, plus £3 Club Lloyds fee may apply) (‘Qualifying Account’). The ‘Current Account Switch Service’ will close your old account with the other bank; and
    • Your switch must include the transfer of a minimum of 3 active direct debits from your old account being switched to Lloyd’s as part of the offer. Direct debits set up after your switch has been started and other types of automated payments, such as standing orders and recurring card payments, won’t count towards the offer; and
    • Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account between 28th May 2024 and 30th July 2024.

     You can’t take part in the offer if:

    • You switch to any account other than a Club Lloyds Account, Club Lloyds Platinum Account, or Club Lloyds Silver Account.
    • You switch to any existing Lloyds bank account, or you change your existing Lloyds Bank Current Account to a Club Lloyds Account, Club Lloyds Silver or Club Lloyds Platinum Account.
    • You’ve received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland 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 on any bank account held in joint names.
    • The offer applies to applications received in branch, online or by phone from 28th May 2024 to 30th July 2024. The offer is subject to change and can be withdrawn without notice at any time.
    • 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 won’t pay any daily arranged overdraft interest for 3 months provided you stay within your arranged overdraft limit and do not increase or otherwise change the arranged overdraft limit agreed.
    • After 3 months, or if you change your account, you’ll be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. Please see the Personal Banking Terms and Conditions and Banking Charges leaflet for full details on arranged overdraft interest. You’ll have been given this when you opened your account, but if you would like another one, please ask in branch or look at www.lloydsbank.com/current-accounts/overdrafts
    • Only one offer is available per customer. Joint accounts will only be paid one payment.
    • The offer will be paid directly into your account within three working days of your switch completing and will appear as a cash credit. 
  • When will I receive the £175? 

    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 £175 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, Bank of Scotland or Halifax since April 2020. You must complete your switch using the Current Account Switch Service to switch a bank account held elsewhere with at least 3 active direct debits.

    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 must 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 30th July 2024, you can complete your switch through Internet Banking or on our mobile app.

    What types of payments qualify as direct debits?

    Your switch must include the transfer of a minimum of 3 active direct debits from your old account. Direct debits set up after you’ve started your switch as well as automated payments, such as standing orders and recurring card payments won’t count towards the offer.

  • We'll move your payments for you

    • Incoming payments, e.g. your salary.
    • Outgoing payments, e.g. bills.
    • Direct debits, e.g. an internet bill.
    • Standing order, e.g. paying money into a savings account.
    • Money in your account, e.g. if your account has a £500 balance then we will transfer £500 into your new account.

    Keep in mind

    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 something goes wrong.

    You're covered by the Current Account Switch Guarantee. 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.

  • 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.

    Read the account switching guide (PDF, 350KB)opens in new tab

    Current Account Switch Guarantee
    Crystal mark 20785
    1. 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.
    2. 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.)
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. 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
    10. 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.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
    17. 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.
    18. 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.
    19. 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.
    20. 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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