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Switch bank accounts
Switching your current bank account to Lloyds is hassle-free. Use the Current Account Switch Service to transfer your account, payments and more in just 7 working days.
Switch, save and invest to earn up to £2,300 cashback
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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 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 £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 Jan 23 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 Jan 23.
- 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 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).
Save and invest to earn up to a further £1,800 for switchers
Get up to £1,200 opening a fixed term savings account or fixed rate cash ISA and up to £600 when you transfer or fund a new or existing eligible Share Dealing Account.
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Although many things are switched automatically, we won’t:
- transfer regular payments and subscriptions set up using your old debit card details. You’ll need to contact each service provider to update your payment information
- update digital wallets, such as Apple Pay or Google Pay. Simply remove your old debit card and add your new one when it arrives
- transfer any arranged overdraft you have with your old account provider. More about overdrafts and switching
- transfer your statement or transaction history. You should be able to download or request copies from your old account provider.
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Working day 1
We’ll contact your old account provider to start your switch.
Working day 2
We’ll confirm that your old account provider has received your request. We can then start moving your regular payments to your new Lloyds current account.
Working day 3 to 5
It’ll take a couple of days to transfer all your regular payments, and make sure everything is ready for your chosen switch date.
Working day 6
If you choose to pay off the overdrawn balance on your old account as part of your switch, please make sure there’s enough money in your new Lloyds account to cover this payment on the seventh working day of your switch.
Working day 7
We’ll transfer your balance and close your old account. Your switch is complete.
After your switch
Any payments sent to your old account will be automatically redirected to your new Lloyds current account. We’ll also give the sender your new details for future payments.
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The Current Account Switch Service offers a simple, reliable and stress-free way to switch your current account from one bank or building society to another. And it only takes 7 working days.
As your new current account provider, Lloyds offer the following guarantee:
- The service is free to use and you can choose and agree your switch date with us.
- All your payments move over – both the money coming in, like your salary, and the money going out, such as direct debits and standing orders. And we’ll take care of moving them all for you.
- 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, we’ll refund any interest and charges applied to your old or new account as soon as we’re told, whether that interest was paid or lost, and whether the charges happened because of this issue.
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You might have given authorised third parties permission to access your account information, or to make online payments for you. These permissions won’t be transferred when you switch, so:
1. before your old account is closed, check whether you have any third-party permissions in place
2. if you want to restore these permissions once your Lloyds account is open, you’ll need to contact each third party and give them your new details.
To check whether third party permissions will be supported when you switch, you can contact us or read personal banking terms, conditions and charges guide (PDF, 315KB)
Accounts included in the offer
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 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 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.
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 Digital 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.
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
Not all our bank accounts are included in the current switching offers. See our full range of bank accounts
Awarded Moneyfacts Five-Star rating
Recognised for ease of opening across our Personal Current Accounts.
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.
Already have a Lloyds current account?
If you have a current account with Lloyds and want to switch in a current account held elsewhere you can do this in the 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.
Overdraft information
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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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Current account support
Learn how to get the most out of your Lloyds current account with our support pages.
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.
Important legal information