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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.
If you received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax bank account, you won't be eligible again.
Offer ends 28 July 2025. Terms & conditions apply.
The benefits of switching to Lloyds
General benefits of the Current Account Switching Service
Benefits of switching to a Club account
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.
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.
How the switching process works
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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.
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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.
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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.
- Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.
- 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.
- 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.
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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.
- 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.
- 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.
- 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. Please see the Personal Banking Terms and Conditions and Banking Charges leaflet for full details on arranged overdraft interest. You’ll have been given this when you opened your account, but if you would like another one, please ask in branch or look at www.lloydsbank.com/current-accounts/all-accounts.
- Only one offer is available per customer. Joint accounts will only be paid one payment.
- The offer will be paid directly into your account within ten working days of your switch completing and will appear as a cash credit.
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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 Internet Banking or on our 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.
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 Internet 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 be eligible for the offer.
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
£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
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
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
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.
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.
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.
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 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.
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 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.
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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