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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.
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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)
Choose from our range of current accounts
Our products
Classic
£0 monthly fee
- Get up to 15% cashback with Everyday Offers from selected retailers*
- Access to all of the great app features
- Option to apply for an arranged Overdraft**
*Retailer offers and cashback amounts vary.
**All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.
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 savings and mortgages
Lloyds Premier
You’ll get the fee back every month you meet eligibility.
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
You need to pay in £5,000 each month or have £100,000 saved or invested with us to qualify. You’ll get the back the £15 fee every month you meet this.
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
Silver
£11.50 per month
All the benefits of Classic, plus
- European and UK family travel insurance - up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- Mobile phone insurance
- No debit card fees from us at home or abroad
Platinum
£22.50 per month
All the benefits of Classic, plus
- Worldwide family travel insurance - up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- Mobile phone insurance
- No debit card fees from us at home or abroad
Basic Account
£0 monthly fee
Get up to 15% cashback with Everyday Offers from selected retailers
Access to all the great mobile app features
You cannot apply directly for a Basic Account.
You will need to start the application process for a current account with us, and we will try to obtain information about your credit history. We may offer you the Basic Account if you’re bankrupt, in financial difficulty, or if we’re not able to obtain information about your credit history.
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
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.
See your personalised interest rate on your statement or in online banking. This interest‑free arranged overdraft offer is not guaranteed and can be withdrawn at any time.
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.*
See your personalised interest rate on your statement or in online banking. This interest‑free arranged overdraft offer is not guaranteed and can be withdrawn at any time.
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