Snap up £185 when you switch

To qualify, you’ll need to follow these simple steps;

  • Open a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account
  • Use the Current Account Switching Service to switch 3 or more active direct debits and close your bank account held with another Bank.
     

Ready to switch?

If you received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax bank account, you won't receive the offer again.

Offer ends 28 July 2025. Terms & conditions apply.

How it works

Step 1

Open a current account

  • We’ll ask if you want to switch when you apply. This will be before you choose your new account.
  • You'll need the details of the account you want to switch to us, including your debit card number.
  • Choose the date you want to switch. Leave the rest to us.

Step 2

Sit back while we switch

  • It takes seven working days
  • We’ll let you know when it’s done – in the meantime, you can still use your old account
  • Your switch is covered by the switch guarantee

Step 3

On your switch date, we’ll:

  • Transfer your balance and close your old account
  • Move over all incoming payments (like your salary) and outgoing payments (like direct debits and standing orders)
  • Redirect payments made to your old account and give the payor your new details

  • We’ll transfer:

    • your account balance
    • incoming payments like your salary, pension or benefits
    • outgoing payments like your utility bills.

    Plus, we’ll:

    • close your old account when the switch is complete
    • redirect payments to your new account and contact the sender with your new account details
    • move over your payee list so you don’t need to set it up again.

    We won’t transfer:

    • regular bills and Subscriptions made on your old debit card like Disney+ or other streaming services - you’ll need to give the provider your new card details
    • mobile payments like Apple Pay and Google Pay - you’ll need to add your new debit card to your digital wallet
    • any arranged overdraft you have with your old provider - find out more about overdrafts and switching
    • your statement or transaction history - we suggest you download or request copies from your old provider.

The benefits of switching to Lloyds

General benefits of the Current Account Switching Service

Switch on your terms

With the Current Account Switch Service (CASS) you can choose a switch date to suit you. Just make sure you allow a minimum of seven working days. 

Simple and stress-free

The whole process will be handled by us. If you have any questions or concerns, just ask.

Backed by a guarantee

In the unlikely event that something goes wrong with your switch, the new provider will refund any interest or charges incurred on your old or new account as a result.

Payments and transactions

We will transfer any existing balance and payment arrangements for you – including those going out (for example direct debits and standing orders), those coming in (for example, your salary) and payees you already have set up.

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.

Benefits of switching to a Club account

Benefits at a glance

  • No debit card fees from us abroad
  • Choose a Lifestyle Benefit each year
  • Credit interest when you pay out two direct debits each month
  • Exclusive access to savings rates and mortgage offers
Ready to switch?

No debit card fees from us abroad

We won’t charge your debit card fees when you use your card to:

  • Make payments in a foreign currency
  • Take out money in any currency from an ATM at home or abroad
  • Take out money over the counter abroad

If you’re abroad, and choose to pay for something in Pounds Sterling, the provider of the currency conversion may still charge you.

Choose a lifestyle benefit each year

Choose from either 12 months of Disney+, 6 cinema tickets, an annual digital Coffee Club and Gourmet Society membership or an annual magazine subscription.

Mobile App

Join the millions of customers on our highly rated app.

  • Bank on the go - pay bills, check your balance and see your latest spending.
  • Check your credit score and ways to improve it.
  • Stress-free access whilst getting 24/7 help with search and messaging.
  • Your money is in safe hands with the very latest secure technology.

Get up to 6.25% AER/gross fixed on a Club Lloyds savings account

As a Club Lloyds customer you can take advantage of preferential rates on our saving accounts.

For the interest rates on each of our Club savings accounts, see Exclusive savings accounts

Access to mortgage offers

  • Exclusive Club Lloyds rate discount - you could get a discount off the initial rate. Offer applies to first time buyers, customers who are switching their mortgage to us or moving home
  • Cashback – you could also earn £250 cashback when purchasing a home with an A or B Energy Performance Certificate (EPC)

Offers can be withdrawn at any time. Exclusions and conditions apply.

Earn monthly credit interest

When you pay out two different Direct Debits each month.

  • 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% grossCloseGross 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
  • 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% grossCloseGross 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 any part of the balance between £4,000 and £5,000
  • You won’t earn interest on any part of your balance over £5,000

Get up to 15% cashback

Get up to 15% cashback when using your Visa Debit Card at selected retailers. Retailer offers and cashback amounts vary. Terms and conditions apply.

everyday offer

How the switching process works

  • Working day 1
    The switch begins. We make contact with your old bank to arrange the switch.

    Working day 2
    We’ll let you know that your old bank has received your request, and then we can start transferring your payment arrangements across 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 this transfer.

    Working day 7
    Congratulations your switch is complete! Your balance is transferred and your old bank account is closed.

    After your 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.

  • 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, 280 KB)

    Crystal Mark 20785 Clarity approved by Plain English Campaign

  • If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.

    1. Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.
    2. Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.
    3. If you are unsure as to whether your New Bank will support the Third Party Provider permissions on your account, you will need to discuss this ahead of your switch with your New Provider who will be able to advise you of this. Please check your new provider’s terms and conditions for more information about Third Party Providers.

  • To qualify for the £185 switching offer (“the offer”) you must switch to a new Club Lloyds account, Club Lloyds Platinum account, Lloyds Premier 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 £5 monthly fee may apply), a new Club Lloyds Platinum account (£22.50 monthly fee applies, plus £5 monthly Club Lloyds fee may apply), a new Club Lloyds Silver account (£11.50 monthly fee applies, plus £5 Club Lloyds fee may apply) or a new Lloyds Premier account (£15 monthly 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, Club Lloyds Silver account or a Lloyds Premier account between 01 July 2025 and 28 July 2025
       

    You can’t take part in the offer if:

    • You switch to any account other than a Club Lloyds account, Club Lloyds Platinum account, Club Lloyds Silver account or a Lloyds Premier.
    • 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, Club Lloyds Platinum account or Lloyds Premier account.
    • You switch from a Halifax or Bank of Scotland current 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.
       

    Key information

    1. The offer applies to applications received in branch, online or by phone from 01 July 2025 and 28 July 2025. The offer is subject to change and can be withdrawn without notice at any time.
    2. 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.
    3. 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. See the personal banking terms, conditions and banking charges guide for full details on arranged overdraft interest. You’ll have been given this when you opened your account.
    4. Only one offer is available per customer. Joint accounts will only be paid one payment.
    5. The offer will be paid directly into your account within ten working days of your switch completing and will appear as a cash credit. 

  • When will I receive the £185 offer?

    We’ll pay it into your account within 10 working days of the switch and will appear as a cash credit.

    As an existing Lloyds customer, do I qualify for the £185 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.

    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.

    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 28 July 2025, you can complete your switch through online banking or on the mobile app.

    As part of your application you will be asked if you want to switch before you choose your new account, so have your existing account details to hand.

    What’s a direct debit?

    It’s a way to pay bills automatically from your current account. You give a business permission to collect money from your account when a payment is due. Direct debit amounts can vary, but the business has to tell you if the amount is changing. Direct debits are covered by the Direct Debit Guarantee.

    What is an active direct debit

    An active direct debit is one that has been paid to the originator in the last 13 months.  This can be any frequency of payment: weekly, monthly, quarterly or annual. If the direct debit has been recently set up and the first payment has not been taken this is not an active direct debit.

    What types of payments qualify as direct debits?

    Your switch must include the transfer of at least 3 active direct debits from your old account. Direct debits set up after you’ve started your switch won’t count towards the offer. Standing orders and subscriptions are also excluded.

    Can I switch a joint account?

    Yes. To open a joint account online, both parties must log in to the mobile banking app or online banking. Otherwise, you can open a new Club Lloyds account in one person's name and then book an appointment with your local branch to add the other person. Please note that Lloyds Premier accounts can only be opened in a single name. Also, if either person has already received a switching offer from Lloyds, Halifax, or Bank of Scotland since April 2020, you won't receive the offer again.

Accounts included in the offer 

You could get £185 by switching to a Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account.

Our products

Club Lloyds card imagery

Club Lloyds

£5 monthly fee

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

 

Club Lloyds
Club Lloyds Silver card image

Lloyds Premier

£15 monthly fee

You need to pay in £5,000 each month or have £100,000 saved or invested with us to qualify. We’ll then refund the fee each month.

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 Premier servicing team
Lloyds Premier
Club Lloyds Silver card image

Club Lloyds Silver

£11.50 per month

+£5 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 Silver
Club Lloyds Platinum card imagery

Club Lloyds Platinum

£22.50 per month

+£5 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
Club Lloyds Platinum

Not all our bank accounts are included in the £185 switching offer, View our full range.

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.

See youth and student accounts

Ready to switch? Open an account today

As part of your application you will be asked if you want to switch before you choose your new account, so have your existing account details to hand.

 

New to Lloyds

Scan the QR code to apply.

For the best experience apply in minutes using our mobile app.
 

If you have a UK passport or UK driving licence and don't fancy using the app, you can apply for an account on our website.

Already a customer?

View all your accounts together and we won't ask you for information we already know.

Please note upgrading your account is not included in the £185 offer.

Log in to apply

qr code

New to Lloyds

For the best experience apply in minutes using our mobile app.

Open new current account

If you have a UK passport or UK driving licence and don't fancy using the app, you can apply for an account on our website.

Already a customer?

View all your accounts together and we won't ask you for information we already know.

Please note upgrading your account is not included in the £185 offer.

Log in to apply

Already have a Lloyds current account?

Please note switching to an existing account that was opened before the 18/02/25 won’t qualify for the offer. Please see our switching FAQs.

If you have a current account with Lloyds and want to switch in a current account held elsewhere you can do this on our Mobile Banking App.

Simply head to the 'Apply' section, look for current accounts and 'Switch to an existing account'.

You can also do this by logging in to online banking.

Log on to switch

Overdraft information

  • 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.

    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.

    Useful tools

    You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

    Cost Calculator

    You can use our eligibility tool to find out if you are eligible for an arranged overdraft.

    Eligibility Tool

  • 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 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.

  • 3 months 0% interest free overdraft when you switch

    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

    An arranged overdraft has a variable interest rate of 29.9% EAR, and a variable representative rate of 29.9% APR, based on borrowing £1,200.

    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: £2.45 for 7 days, £10.73 for 30 days and £21.68 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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Current account support

Learn how to get the most out of your Lloyds current account with our support pages.

Help and guidance

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.

Overdrafts

Do more with our app

Find out about all the great features of our highly rated app, and how it compares to Internet Banking.

More about our app

Current accounts

Join the millions of customers already enjoying their Lloyds Bank current account.

See our current accounts

Current accounts

Current accounts

Join the millions of customers already enjoying their Lloyds Bank current account.

See our current accounts

Important legal information
 

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.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).

Account opening is subject to our assessment of your circumstances. You must be 18 or over to apply.

*How much we lend is subject to our assessment of your circumstances. You must be 18 or over. Overdrafts are repayable in full on demand. Arranged overdraft interest. To be eligible for the interest-free offer you must be accepted for an arranged overdraft on your Lloyds Bank account, have not had the offer in the last 12 months on your account, and complete a switcher application to switch your account to Lloyds Bank.

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