Transfer to us

Why transfer to Lloyds Bank?

  • We can offer you low cost fund trading, frequent trader discounts and easy to understand admin charges.
  • Make life simple, see and manage all of your investments in one place.
  • It’s easy to do, simply log on and complete our online transfer form. Once your transfer is complete you will be able to see your investments online straight away, we'll also send you a letter to let you know.

Lloyds Bank vs. our competitors

See how we compare on trading funds in a Share Dealing ISA

Our comparison is based on:

  • Making the most of your full ISA allowance by investing £20,000
  • Trading 6 times a year in funds
  • Our charges and competitors charges, excluding any fund manager charges or government taxes or levies

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Llods logo

Standard online commission (per trade)

£1.50

Annual platform/admin charge

£40

Calculation

6 trades = (6 x £1.50) +

Annual admin charge (£40)

Total cost

£49

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Hargreaves Lansdown logo

Standard online commission (per trade)

Free

Annual platform/admin charge

£90

Calculation

6 trades = (free) +

Annual platform charge of 0.45% (£90)

Total cost

£90

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Interactive Investor logo

Standard online commission (per trade)

£7.99

Annual platform/admin charge

£119.88

Calculation

Monthly ‘investor’ price plan (£9.99 x 12 months). Includes 1 free trade per month.

Total cost

£119.88

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Fidelity logo

Standard online commission (per trade)

Free

Annual platform/admin charge

£70

Calculation

6 trades = (free) +

0.35% annual service fee (£70)

Total cost

£70

How long does it take to transfer?

Most transfers can be completed electronically. Electronic transfers for cash and UK shares usually take around 10 working days to complete. Fund and international shares can take longer. 

If your current broker is unable to transfer electronically it can take around 6 weeks for cash and UK shares. Fund and international shares can take up to 10 weeks.  

Are you transferring funds to us?

If you’re transferring funds to us from another broker we might hold a different fund class than the one you hold now. This means we may need to convert your fund into a class that can be transferred, which may be more expensive or could be cheaper. We do this to make sure your fund does not have to be sold as part of the transfer. Once the transfer is complete, we’ll make sure that you hold the cheapest fund class we have available for investment.

See how we compare on trading Stocks and Shares in a Share Dealing ISA

Our comparison is based on:

  • Making the most of your full ISA allowance by investing £20,000
  • Trading 4 times a year in UK shares
  • Our charges and competitors charges, exclude any fund manager charges or government taxes or levies

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Llods logo

Standard online commission (per trade)

£11

Annual platform/admin charge

£40

Calculation

4 trades = (4 x £11) +

Annual admin charge (£40)

Total cost

£84

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Hargreaves Lansdown logo

Standard online commission (per trade)

£11.95

Annual platform/admin charge

£45

Calculation

4 trades = (4 x £11.95) +

Annual platform charge of 0.45% (a shares only portfolio is capped at £45)

Total cost

£92.80

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Interactive Investor logo

Standard online commission (per trade)

£7.99

Annual platform/admin charge

£119.88

Calculation

Monthly ‘investor’ price plan (£9.99 x 12 months). Includes 1 free trade per month.

Total cost

£119.88

How we compare on trading funds in a Share Dealing ISA

 

 

Standard online commission (per trade)

Annual platform/admin charge

Calculation

Total cost

  

Fidelity logo

Standard online commission (per trade)

£10

Annual platform/admin charge

£45

Calculation

4 trades = (4 x £10) +

0.35% annual service fee (a shares only portfolio is capped at £45)

Total cost

£85

How long does it take to transfer?

Most transfers can be completed electronically. Electronic transfers for cash and UK shares usually take around 10 working days to complete. Fund and international shares can take longer. 

If your current broker is unable to transfer electronically it can take around 6 weeks for cash and UK shares. Fund and international shares can take up to 10 weeks. 
 

Data for both tables has been taken from competitor websites, correct at 01/07/2020. Please note, in addition to our charges you may have to pay government taxes or levies. Fund managers will also apply their own charges for funds and you can find these in the fund’s Key Investor Information Document.

Are you transferring funds to us?

If you’re transferring funds to us from another broker we might hold a different fund class than the one you hold now. This means we may need to convert your fund into a class that can be transferred, which may be more expensive or could be cheaper. We do this to make sure your fund does not have to be sold as part of the transfer. Once the transfer is complete, we’ll make sure that you hold the cheapest fund class we have available for investment.

The value of an investment can fall as well as rise, and you may get back less than you invest. If you are not sure about investing, seek independent advice. Tax treatment depends on personal circumstances and may be subject to change.

Transfer to Lloyds Bank in 3 easy steps

  • Step 1 - Open one of our accounts
  • Step 2 - Log on and complete an online transfer form
  • Step 3 - Print and sign your completed form (or ask for us to post a copy to you) and then return it to the address provided.

 

Already investing with Lloyds Bank?

Log on to switch your investments to us.

If you are transferring from a Lloyds ISA you can contact us on 0345 60 60 560.

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Important share dealing information