Switch to Lloyds Bank

Switch your current account to Lloyds Bank

Transfer everything safely and securely in 7 working days with the Current Account Switch Service

Why switch to Lloyds Bank?

With the Club Lloyds & Club Lloyds Platinum accounts

Lifestyle Benefit – Each year choose either 6 x cinema tickets, an annual digital Gourmet Society membership, an annual magazine subscription or 12 x digital movie rentals.
Credit Interest - Earn interest on balances from £1 up to £5,000, when you pay out two direct debits each month.

With all of our current accounts

Everyday Offers - Get up to 15% cashback when using your VISA debit card at selected retailers. Merchant offers and cashback amounts vary. T&Cs apply.
Contactless - Tap, pay and go with your contactless VISA debit card.
Mobile Banking app - Manage all your accounts in one place with our highly rated app.

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 (based on using a Club Lloyds Account)

An arranged overdraft on a Club Lloyds account has a variable interest rate of 27.5% EAR, and a variable representative rate of 29.9% APR, based on borrowing £1,200. The APR includes monthly maintaining the account fees of £3* and an interest free amount of £50.

*The £3 fee is waived for each month you pay in at least £1,500 into your account

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: £2.04 for 7 days, £8.94 for 30 days and £17.98 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.

Find out more about overdrafts and switching expandable section
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
Any questions on the switcher overdraft offer? Just call us on 08456 049 956

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.
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.

Representative Example

A variable representative rate of 29.9% APR

A variable interest rate of 27.5% EAREAR is the Equivalent Annual Rate. This is the annual interest rate of an overdraft. This means you are charged over the year based on how often and how much you are overdrawn by, and the effect of compounding it – charging interest on interest already charged. This interest rate does not include any other fees and charges.

Based on borrowing £1,200

The APR includes monthly maintaining the account fees of £3* and an interest free amount of £50

* The £3 fee is waived for each month you pay in at least £1,500 into your account

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

£2.04 for 7 days

£8.94 for 30 days

£17.98 for 60 days

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

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.

How the 7 day Switching process works expandable section

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.
Key Benefits expandable section

Introduction:
The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free whether you’re a consumer, small charity or small business. You’ll find the main benefits of the service below

Switch on your terms
With the Current Account Switch Service 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 new account provider transfers any existing balance and all existing 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.

Wide ranging spread of UK banks and building societies are on board
This means over 99% of UK current accounts are covered by the Current Account Switch Guarantee.

The switching process is the same everywhere
Every bank and building society offering the service follows exactly the same switch Process.

Payments are automatically redirected
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.

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.

A single point of contact
The whole process will be handled by the bank or building society you are switching to. If you have any questions or concerns, just ask your new provider.
The Current Account Switch Guarantee expandable section
Current Account Switch Guarantee

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)
Arranged Overdraft offer expandable section
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

Any questions on the switcher overdraft offer? Just call us on 08456 049 956Call 08456 049 956..
Everyday Offers expandable section

Everyday offers

It’s always nice to feel appreciated. Everyday Offers is an online service where you can earn up to 15% cashback using offers at the type of places you regularly shop.

Important information

To be eligible for Everyday Offers you will need to be over 18, have a Lloyds Bank personal current account (excluding the Basic Account), a Lloyds Bank debit and/or credit card and be registered for Internet Banking.

Terms and conditions

Featured accounts
	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
Monthly maintaining the account fee	Classic Account Free	Club Lloyds Account Free³ or £3	Platinum Account £21	Club Platinum Account £21 + free³ or £3
Overdraft facility available¹	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
Earn up to 15% cashback	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
Earn variable credit interest	Classic Account	Club Lloyds Account ⁴	Platinum Account	Club Platinum Account
Lifestyle benefits²	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
AA breakdown cover	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
Mobile phone insurance	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
Worldwide travel insurance	Classic Account	Club Lloyds Account	Platinum Account	Club Platinum Account
	Classic Account Classic Account details	Club Lloyds Account Club Lloyds Account details	Platinum Account Platinum Account details	Club Platinum Account Club Platinum Account details

¹All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.

Club Lloyds Account

²Each year you can choose either 6 cinema tickets, an annual magazine subscription, or annual Gourmet Society membership.

³We'll waive the £3 monthly maintaining the account fee in any month you pay in £1,500 or more.

⁴0.60% / p.a. variable on balances from £1 up to and including £3,999.99, and 1.50% (1.49% p.a.) variable on any part of the balance from £4,000 up to and including £5,000. You won’t earn interest on any part of your balance over £5,000. Just pay out two different Direct Debits each calendar month.

Not the right account for you? expandable section

With so much choice, take a look at our other current accounts to see which account suits you best.

Compare accounts now

Switch to an existing account

Complete our simple online switching form
Let us do the rest and our switch will be completed in seven working days

Complete the Switching form

Change my account and switch

Log on to upgrade
Select which account you want to change and confirm your email address
Choose between the Club Lloyds or Club Platinum account - here you’ll find more account information
At the end of the application complete our simple switching form and let us switch your account in seven working days

Log on to upgrade & switch

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

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.
2014 World Innovation Awards - Innovation in the delivery of financial products (Mobile).