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

Complete an application for any of our Current accounts and choose ‘Yes’ to Switch.

Switch and have your bank account held with another bank closed and moved into your new account for you.

The Switch process is completed within 7 working days and is simple, reliable and stress free.

Why switch to Lloyds Bank?

 

With all of our Current Accounts

  • Everyday offers - Get cashback when using your debit card at selected retailers. Retailer 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
  • 0% interest free overdraft for the first 3 months when you switch - You will need to apply for an arranged overdraft during your current account application.

With our Club Lloyds accounts*

  • Lifestyle Benefit - Each year choose either 12 months of Disney+, 6 cinema tickets, an annual digital Coffee Club and Gourmet Society membership or an annual magazine subscription

  • Credit Interest - Earn interest on balances from £1 up to £5,000, when you pay out two direct debits each month.

With our Packaged Bank accounts*

  • Travel Insurance – Some of our accounts offer either European & UK or Worldwide family travel insurance
  • AA Breakdown Family Cover – From Roadside Assistance to National Recovery and At Home.
  • Mobile phone insurance – Insure one handset per account holder for loss, theft and accidental damage.


*Our Packaged Bank accounts and Club accounts have a monthly fee. It’s important you review the level of cover offered with each of our accounts to ensure you don’t pay for more than you need.

Switch Guarantee

Payments out - Any Direct Debits & standing orders set up on your old account will be transferred to your new account.

Payments in - Any payments made to your old account will automatically be redirected to your new account. We'll also contact the sender 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.

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 account fees of £3* and an interest free amount of £50.

*The £3 fee is waived for each month you pay in at least £2,000 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.
 

  • 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 0345 604 9956

    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 account fees of £3* and an interest free amount of £50

    * The £3 fee is waived for each month you pay in at least £2,000 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.

  • 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.

  • 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.

  • Current Account Switch Guarantee

    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.
  • 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 0345 604 9956Call 08456 049 956..

  • 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

  • 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.

Choose the best current account for you

Classic

Free everyday banking when you stay in credit.

  • Contactless debit card
  • Mobile Banking app
  • Get up to 15% cashback - earn cashback with Everyday Offers when you pay by credit/debit card or Direct Debit with selected retailers*
  • Overdraft facility available**

* Merchant offers and cashback amounts vary. Internet Banking registration required. T&Cs apply.

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

Classic

Club Lloyds

£3 monthly fee, waived each month that you pay in £2,000 or more.

  • Earn credit interest on your money - on balances up to £5,000,  when you pay out two different Direct Debits each month
  • Choose a yearly benefit from:
    • 12 months of Disney+
    • 6 x cinema tickets at ODEON or Vue cinemas
    • An annual Coffee Club and Gourmet Society membership
    • An annual magazine subscription
Club Lloyds

Silver

£10 monthly fee.

  • Everything you get with the Classic account
  • European and UK multi-trip family travel insurance up to age 65
  • AA Breakdown Family Cover with Roadside Assistance
  • Mobile phone insurance

Silver

 

Club Lloyds Silver

£10 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Classic, Club Lloyds and Silver accounts
  • Choose a yearly lifestyle benefit such as a 12 month Disney+ subscription
Club Lloyds Silver

Platinum

£21 monthly fee.

  • Everything you get with the Classic account
  • Worldwide multi-trip family travel insurance up to age 80
  • AA Breakdown Family Cover with Roadside Assistance, National Recovery and At Home
  • Mobile phone insurance

Platinum

 

Club Lloyds Platinum

£21 monthly fee, plus a £3 monthly Club Lloyds fee. The £3 Club Lloyds fee is waived each month that you pay in £2,000 or more.

  • Everything you get with the Classic, Club Lloyds and Platinum accounts
  • Choose a yearly lifestyle benefit such as a 12 month Disney+ subscription
Club Lloyds Platinum

Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.

Switch an account from elsewhere to your existing Lloyds Bank account

Log on and select Switch to us. You can then select the account you want to Switch in to and complete our switching journey. We will do the Switch for you.

OR

You can upgrade your existing account or open a second account and Switch; you can do this at the end of your application. We will do the Switch for you.

Log on to switch to us

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).

Disney Plus and the Disney+ logo are registered trademarks of Disney Enterprises Inc.