Switch your bank account to Lloyds
We’ll move your payments, transfer your balance and close your old account in just 7 working days with the Current Account Switch Service.
Why switch your bank account to Lloyds?
Switching to Lloyds is simple and reliable with the Current Account Switch Guarantee.
- Award-winning accounts rated Five Stars by Moneyfacts for ease of opening.
- Choose from free everyday banking to accounts with packaged and premium benefits. Monthly account fees may apply.
- Join 10 million customers using our highly rated app, with powerful banking features and 24/7 secure in‑app support when you need it.
- Apply for an arranged overdraft that can act as a buffer, helping you manage unexpected costs.
Already have a Lloyds bank account?
If you have a bank account with Lloyds and want to switch in an account held elsewhere you can do it in the mobile banking app:
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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
- 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, 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)
Lloyds Classic
Everyday banking
- Cashback, payment insights, Save the Change®, card control, credit score and more all in the app.
- Free everyday banking with no monthly fee when you stay in credit.
- Option to apply for an arranged overdraft.
Overdrafts are subject to our assessment of your circumstances and are repayable on demand.
Club Lloyds
Cue entertainment and rewards
You get all the benefits of Classic, plus:
- no fees from us when you use your debit card abroad
- choose from 12 months of Disney+, cinema tickets, Coffee Club and Gourmet Society membership or an annual magazine subscription
- earn monthly credit interest and get preferential savings rates, mortgage offers and more.
£5 monthly fee, refunded each month you pay in £2,000 or more.
Lloyds Premier
Elevate your banking experience
You get all the benefits of Club Lloyds, plus:
- skip the wait with Bupa’s digital GP appointments, wellbeing support, classes and more
- up to £120 a year cashback on qualifying debit card spend
- financial coach and dedicated support team, there when you need it.
You need to pay in £5,000 each month or have £100,000 in savings or investments with us. You’ll get the £15 fee back each month when you do this.
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
Still deciding? Compare all Lloyds bank accounts to find the best option for you. If you don’t qualify for our other accounts, you could still be offered a Basic Account and enjoy all our mobile banking app features.
Awarded Moneyfacts Five-Star rating
Recognised for ease of opening across our Personal Current Accounts.
Get your bank account
Account opening is subject to status, 18+, UK resident
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An arranged overdraft is a short-term borrowing option on your current account that allows you to borrow up to an agreed limit. It can act as a buffer, helping you manage unexpected costs.
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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.
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We’ll show you the maximum amount of arranged overdraft we can offer you before you complete your switch request form. If we’re unable to offer you the full amount, you’ll 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.
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You can use the Cost Calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.
You can use the Eligibility Tool to find out if you can have an arranged overdraft.
All overdrafts are subject to application and approval and are repayable on demand. You must be 18 or over to apply.
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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