Life could be simpler when your credit card and current account are together

How switching to Lloyds works.

We’ll move all your payments – Any payments, Direct Debits, Standing orders, wage payments and remaining balances will be transferred to your new current account.

Choose your switch date – Switch in 7 working days or select a later date that suits you.

Free to use - The Current Account switch service is free to use and works with nearly every UK bank.

Switching is completed in 7 Working days -  Once the switch is received, Lloyds will take care of most of it for you. You can keep using your existing account until completion.

We will redirect Payments made to your old account – on the switch completion date your old account will be closed and we will update the person sending the money with your new account details.

What if something goes wrong? - You're covered by the Current Account Switch Guarantee. We'll refund any interest (paid or lost) or charges made on either your old or new current account.

When will I receive the £200?
The offer will be paid directly into your new current account within 10 working days of you starting your switch and will appear as a cash credit.

Do I need to open a new account?
Yes, you need to open one of the qualifying accounts named in the Terms and conditions and switch an account held elsewhere into it.

As an existing Lloyds customer can I qualify for the £200 offer?
Yes, as long as you haven't received an incentive from us since April 2020 for switching to any Lloyds or Halifax Bank account and you complete your switch using the Current Account Switch Service to switch a bank account held elsewhere.

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 23/08/2023, you can complete your switch at a later date by visiting our website.

To qualify for the £200 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:

• Be the named recipient of this email and apply for 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’).
  
• 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 the Qualifying Account which will close your old account with the other bank.
• Open your Qualifying Account between 27/07/2023 and the 23/08/2023 and start the switch service by 23/08/2023.

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.

• The offer applies to applications received in branch, online or by phone from the 27/07/2023 and the 23/08/2023. 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 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.
• 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 www.lloydsbank.com/current-accounts
• Only one offer is available per customer. Joint accounts will only be eligible for one payment.
• The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit.