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This is kind of a big deal. Get up to £2,300 cashback
Earn big when you switch your current account, save and invest with Lloyds. Find out how much you could get with our cashback calculator.
Terms and conditions apply.
Switch to earn up to £500 cashback
Switch and close your old account using the Current Account Switch Service. Your switch must include 3 active direct debits. Offer from 24 Feb to 30 Apr 2026.
£200 when you switch to one of our Club Lloyds accounts
Monthly account fees may apply
£5 Club Lloyds fee refunded each month you pay in £2,000 or more.
To get your cashback, you'll need to:
- switch to a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum current account
- spend £100 on your debit card in the first 35 days of account opening.
£500 when you switch to Lloyds Premier
£15 monthly fee
You’ll need to pay in £5,000 each month or have £100,000 of qualifying savings or investments with us. We’ll refund the £15 monthly fee each month you meet this criteria.
To get your cashback, you'll need to:
- switch to a new Lloyds Premier account
- spend £200 on your debit card in the first 35 days of account opening
- meet the Premier eligibility criteria in the first full calendar month.
You can’t have this offer if you received a switching offer since January 2023 for switching to any Lloyds, Bank of Scotland or Halifax bank account.
And then save and invest for up to £1,800 more
If you’ve started your switch to any new Lloyds current account using the Current Account Switch Service between 01 Jan and 30 Apr 2026, you could earn more cashback. Monthly account fees may apply. Read full terms, conditions and exclusions.
Cashback breakdown
Current account switch: ##acc_reward##
Savings: ##sav_reward##
Investing: ##inv_reward##
Total cashback: ##total_reward##
Calculator results are indicative of potential cashback only, subject to meeting offer terms and conditions.
Let's look at the details
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To qualify for the £200 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.
To qualify for the offer all 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 £5 monthly fee may apply), a new Club Lloyds Platinum Account (£22.50 monthly fee applies, plus £5 monthly Club Lloyds fee may apply), or a new Club Lloyds Silver Account (£11.50 monthly fee applies, plus £5 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 Lloyds 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
- Open a qualifying account online, in branch or by phone between 24 February 2026 and 30 April 2026; and
- Start your switch from your old bank account using the ‘Current Account Switch Service’ by 30 April 2026; and
- Spend £100 on your debit card within 35 days of opening your account. Cash withdrawals and Financial Services Transactions are excluded. For a full list of excluded transactions see Key Exclusions below; and
- If all of the above conditions are met, the offer will be paid directly into your account within 45 days of opening your account and will appear as a cash credit.
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 a 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 Account or Club Lloyds Platinum Account.
- You’ve received a switching offer since 01 January 2023 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 01 January 2023.
- The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk
Key exclusions
- The offer is subject to change and can be withdrawn without notice at any time.
- Only one offer is available per customer. Joint accounts will only be paid one payment.
- The following are transactions that will not be counted towards debit card spend:
- Cash withdrawals (including cash withdrawals made at ATMs, in branch, at any Post Office or third-party counter)
- Bank transfers made with your debit card
- Debt repayments
- Direct debits
- Transactions classified as gambling
- Cryptocurrency
- Financial Services Transactions (money transmission orders, purchases of foreign currency or travellers' cheques, purchases of financial services such as insurance or investments).
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To qualify for the £500 switching offer (“the offer”) you must open a new Lloyds Premier account and using the ‘Current Account Switch Service’ switch from a bank account held with another bank.
To qualify for the offer all 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 Lloyds Premier account (a £15 monthly fee may apply). 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 Lloyds 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
- Open a new Lloyds Premier account online between 24 Feb 2026 and 30 Apr 2026; and
- Start your switch from your old bank account using the ‘Current Account Switch Service’ by 30 Apr 2026; and
- Spend £200 on your Lloyds Premier debit card within 35 days of opening your account. Cash withdrawals and Financial Transactions are excluded. For a full list of excluded transactions see Key Exclusions below.
- You will need to meet the eligibility criteria for Lloyds Premier by paying in £5,000 in your first full calendar month or have £100,000 of qualifying savings or investments with us throughout your first full calendar month. Any funds deposited before the start of your first calendar month will not be included.
- If all of the above conditions are met, the offer will be paid directly into your new account 45 to 90 days after opening your account, and will appear as a cash credit.
You can’t take part in the offer if:
- You switch to any account other than a Lloyds Premier account.
- You switch to any existing Lloyds Premier account, or you change your existing Lloyds Bank Current Account to a Lloyds Premier account.
- You’ve received payment from a switching offer since 01 Jan 2023 for switching to any Lloyds, Bank of Scotland or Halifax bank account.
- You open a Lloyds Premier account and try to switch a joint account held with another bank.
- The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk
Key Exclusions
- The offer is subject to change and can be withdrawn without notice at any time.
- Only one offer is available per customer.
- The following are transactions that will not be counted towards debit card spend:
- Cash withdrawals (including cash withdrawals made at ATMs, in branch, at any Post Office or third-party counter)
- Bank transfers made with your debit card
- Debt repayments
- Direct debits
- Transactions classified as gambling
- Cryptocurrency
- Financial Services Transactions (money transmission orders, purchases of foreign currency or travellers' cheques, purchases of financial services such as insurance or investments).
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- Eligibility
The offer is available to UK residents aged 18 or over.
You must:
- Switch to any Lloyds Current Account (excludes Lloyds account upgrades and Private Banking Accounts) between 24 February 2026 and 30 April 2026;
- Open or already hold a Lloyds Share Dealing Account or Share Dealing ISA;
- Fund or transfer a minimum of £5,000 into your Lloyds Share Dealing or Share Dealing ISA (including transfers from another ISA provider) during 24 February 2026 and 31 May 2026 (Qualifying Period).
- Maintain the transferred or funded value between 31 May 2026 and 30 October 2026 (Offer Period).
- Customers who switched to a Lloyds Current Account between 01 January 2026 and 23 February 2026 are also eligible for this offer, provided they meet the remaining criteria.
- Workplace-related share transfers for Lloyds Banking Group colleagues are excluded.
- If the bank account opened during the switch is closed on or before 30 October 2026, you will not meet the criteria for cashback.
2. Qualifying Period
- Funding must be completed by debit card or direct debit by 23:59 on 31 May 2026.
- Direct debits can take 3 to 5 working days to be set up and for the first payment to reach your account. Please make sure you set this up early to allow enough time for the payment to be collected and credited to your Share Dealing Account by 23:59 on 31 May 2026.
- Transfers must be initiated by 23:59 on 31 May 2026 by using the online transfer form and clicking ‘Confirm’.
- If paper forms are required for transfers, they must reach us promptly after this date, but the online form must have been completed to the ‘Confirm’ stage by 23:59 on 31 May 2026.
3. Cashback Amount
- You will receive £30 for every £5,000 funded or transferred up to £25,000, and £150 for each £25,000 after that. The maximum cashback you can earn is £600 for £100,000 and over, subject to any withdrawals during the Offer Period.
- For new customers who opened an account during the Qualifying Period, cashback applies to the funded/transferred balance.
- For existing Share Dealing customers who held the account before 24 February 2026, cashback applies to the eligible new money funded and/or transferred into during the Qualifying Period.
- For the purposes of calculating cashback, all qualifying funding and transfers made during the Qualifying Period, across ISAs and Share Dealing Accounts will be combined.
- Cashback will be paid into your Current Account (that has been opened as part of the Switching process) within 15 working days (Payment Date) from the end of the Offer Period.
4. Maintaining Balance in the Offer Period
- You must maintain the transferred or funded value between 31 May 2026 and 30 October 2026 (Offer Period).
- Any withdrawals or transfers out between the start of the Qualifying Period and the end of the Offer Period will result in the cashback being paid on the new value as at 30 October 2026.
- If, during the Offer Period, your portfolio decreases or increases due to market movements, this will not affect your eligibility for the offer or the value of any cashback paid.
- You can trade in your account as normal without impacting cashback as long as you do not withdraw or transfer out the amount you have funded or transferred for the offer.
- If the total balance of all qualifying funding and transfers is below £5,000 as at 30 October 2026, whether due to withdrawals or transfers out, the cashback will not be paid, as this does not meet the offer terms.
5. Qualifying Accounts
- Applies to Lloyds Bank Share Dealing Accounts and Share Dealing ISAs only.
- The offer excludes Ready-Made Pensions, Self-Invested Pension Plans (SIPP) and Ready-Made Investment ISAs or accounts transfers.
6. Payment
- Cashback will be paid to your current account by 20 November 2026.
- Cashback payments will be made by Lloyds Bank plc.
- No alternative payment methods are available.
7. Transfer Conditions
- Stock transfers can be from any UK provider except those within Lloyds Banking Group (Lloyds, Halifax, Bank of Scotland, Scottish Widows).
- Transfers from Cash ISAs are permitted, including Cash ISAs within Lloyds Banking Group.
- Certificate transfers are included, subject to the assets being eligible for transfer into a Lloyds Share Dealing Account or Share Dealing ISA.
- We will make every effort to transfer all your stocks, but some holdings may not be transferable. You must complete and sign a declaration setting out your preferences for any assets we can’t transfer. If a provider can transfer only part of your portfolio, we’ll act in line with the options you selected on the signed declaration (e.g., sell or exclude the asset). You won’t receive further confirmation while the transfer is being processed.
- We are not responsible for delays caused by your existing provider.
8. General Terms
- We may amend or withdraw this offer at any time.
- Anyone we reasonably consider to be abusing this offer may be excluded at our absolute discretion.
- Separate terms apply to Share Dealing Accounts and Share Dealing ISAs.
9. Promoter
- The promoter of this offer is Lloyds Bank plc, 12 Wellington Place, Leeds, LS1 4AP.
Cashback paydays
You need to keep your switched current account open to receive the cashback payment at the end of the offer period.
Ready to switch? Open a Lloyds current account today
Before you choose your new account, we’ll ask if you want to request a switch. Make sure you’ve got your existing account and debit card details to hand.
Let’s look at the details
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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 account
- have not used the offer within the last 12 months
- have applied, and been approved for an arranged overdraft on your new Lloyds account.
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 in to online banking or the mobile banking app to see if there’s an option to extend your arranged overdraft.
Useful tools
You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.
You can use our eligibility tool to find out if you are eligible for an arranged overdraft.
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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.*
How to apply for the arranged overdraft
At the end of your current account application, we may offer you an arranged overdraft, which you can add right away. You can also apply for one later.
Arranged overdrafts are repayable in full, on demand and subject to 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 account
- have not used the offer within the last 12 months
- have applied, and been approved for an arranged overdraft on your new Lloyds account.
*Lending is subject to our assessment of your circumstances; you must be 18 or over, and overdrafts are repayable in full on demand. To receive the interest‑free arranged overdraft offer, you must be accepted for an arranged overdraft on your Lloyds account, not have had the offer in the past 12 months, and have completed a qualifying switch.
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Important legal information
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).