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Island Premier Account

The Islands Premier Account is a current account with a range of additional benefits. It’s designed for customers in Jersey, Guernsey, Alderney and the Isle of Man.

Features and benefits

  • £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged.
  • Free international transfers - send and receive money internationally for free. (Correspondent and recipient bank charges may apply.)
  • Commission-free travel money.
  • Reduced mortgage Valuation Fee.
  • Multi trip worldwide family travel cover including, if eligible, your spouse, civil partner or partner and children. Underwritten by AXA Insurance UK plc.
  • Commission-free travel money.
  • 20% discount on AA European Breakdown Cover.
  • Card Loss Assistance.
  • Available in Sterling.
  • You can also open an Islands  Premier Savings account.

For more details on who provides these account benefits, see our FAQs.

Help with your arranged overdraft

To ask for a temporary 3-month period interest and fee free on your arranged overdraft, please contact us before 31 December 2020. 

To discuss further support with your arranged overdraft please contact us.

Overdraft interest charges

Travel insurance update

Guidance in case your travel plans are affected by the Coronavirus (COVID-19).

Find out more

Eligibility

The Premier Account is available to residents in the Channel Islands and Isle of Man only with an individual income of £60,000 or joint income of £80,000 or free investible assets in excess of £100,000. Applicants must be aged 18 years or above.

Interest rates

Island Premier Current Account - Current interest rate 0.00%.

Overdraft Interest rates

Islands Premier Current Account - from 2 October 2012

Planned and unplanned overdraft debit balances (paid monthly)

Interest rate - % per month

Equivalent Annual rate (EAREquivalent Annual Rate excluding any changes which may be applicable.) - % yearly

Planned and unplanned overdraft debit balances (paid monthly)

£251 – £5,000

Interest rate - % per month

1.13

Equivalent Annual rate (EAREquivalent Annual Rate excluding any changes which may be applicable.) - % yearly

14.43

Planned and unplanned overdraft debit balances (paid monthly)

£5,001 – £10,000

Interest rate - % per month

0.96

Equivalent Annual rate (EAREquivalent Annual Rate excluding any changes which may be applicable.) - % yearly

12.16

Planned and unplanned overdraft debit balances (paid monthly)

£10,001

Interest rate - % per month

0.93

Equivalent Annual rate (EAREquivalent Annual Rate excluding any changes which may be applicable.) - % yearly

11.77

  • Avoiding overdraft charges

    If your account goes over its limit you have until 2.30pm (UK time) to pay in money to avoid Returned Item Fees and ensure the payment goes out, but you have until midnight to avoid any overdraft fees and interest.

    • If you pay in enough to clear your overdraft you will not pay any fees or interest.
    • If you only clear an Unplanned Overdraft, but are within a Planned Overdraft, you will still pay a Monthly Overdraft Usage Fee.

    The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.

    Overdraft fees

    We will charge you the following fees for all overdrafts, whether planned overdrafts or unplanned overdrafts:

    Overdraft amount

    Fee

    Overdraft amount

    Up to £10

    Fee

    No fee

    Overdraft amount

    Above £10

    Fee

    £6 monthly overdraft usage fee.
    Only payable if you're overdrawn by more than £10 of your agreed overdraft limit.

    We will not charge you any other fees for a Planned Overdraft but you will normally be charged interest on the amount borrowed.

    Unplanned overdraft

    If we agree to your request for an unplanned overdraft, we will charge you the following fees:

    Unplanned overdraft balance

    Fee amount

    Description

    Unplanned overdraft balance

    £10 or less

    Fee amount

    £0 (Buffer applies)

    Description

    You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.

    We will charge you a maximum of eight daily fees in a monthly billing period.

    Unplanned overdraft balance

    More than £10 but less than £25

    Fee amount

    £5 a day

    Description

    You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.

    We will charge you a maximum of eight daily fees in a monthly billing period.

    Unplanned overdraft balance

    £25 or more

    Fee amount

    £10 a day

    Description

    You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.

    We will charge you a maximum of eight daily fees in a monthly billing period.

    Returned item

    Where you do not have enough available money to make a payment and we do not agree to give you or extend an Unplanned Overdraft, you will not be able to make that payment.

    We will write to tell you we have declined your request. We will charge you the following fee:

    Returned item fee

    Returned item fee

    £10 for each item. We will charge you up to a maximum of three Returned Item Fees a day. This fee will not be charged if the amount of the payment that we decline is £10 or less.

    Using other servicesPlease note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    Service

    Charges

    Service

    Stopped cheque

    Charges

    Free

    Service

    Special cheque presentation

    Charges

    £15

    Returned cheque

    Service

    Charges

    Service

    If a cheque paid into your account is returned to us unpaid by another bank or branch.

    Charges

    Free

    Statements

    Service

    Charges

    Service

    We will send you regular account statements free of charge.

    Charges

    Free

    Service

    If you order an extra statement at a Lloyds Bank Cashpoint.

    Charges

    Free

    Service

    Duplicate statements

    Charges

    £5 per requestAn administration charge may be made for excessive requests.

    Service

    Banker’s draft/cheque (sterling)

    Charges

    £10

    Service

    Holding envelopes and parcels

    Charges

    This service is no longer available. Existing users please contact the branch:

    Jersey: 01534 845436 or 01534 845269
    Guernsey: 01481 706317
    Isle of Man: 01624 697113
    Alderney: 01481 822340

    Travel facilities

    Service

    Charges

    Service

    When you buy foreign currency from us.

    Charges

    Free

    Service

    When we buy from you Sterling American Express or other currency travellers cheques which you bought from us.

    Charges

    Free

    Service

    When we buy other travellers cheques or foreign currency from you.

    Charges

    1.5% (minimum £3)

    Service

    If you have a Premier or Executive Gold Debit Card.

    Charges

    Free

    Service

    If you have a Student or Graduate account

    Charges

    Free

    Service

    When you buy foreign currency using a Lloyds Bank Premier, Platinum, Gold or Classic Credit Card.

    Charges

    Free

    Cashpoint® and debit card chargesPlease note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    When you withdraw cash in the UK, Channel Islands or Isle of Man (whether at an ATM or over the counter):

    Service

    Charges

    Service

    Using your debit card or Cashpoint® card at a Lloyds Bank Cashpoint® machine or branch in the UK, Channel Islands or Isle of Man.

    Charges

    Free

    Service

    Using your debit card at a non-Lloyds Bank Cashpoint® machine or non Lloyds Bank branch in the UK, Channel Islands or Isle of Man.

    Charges

    Lloyds Bank does not make a charge but the owner of the machine may. If so, the machine will show you the amount and tell you that it will be taken from your account when you withdraw the cash.

    When you use your debit card to purchase foreign currency in the UK, Channel Islands or Isle of Man:

    Service

    Charges

    Service

    From Lloyds Bank branches.

    Charges

    Foreign currency: free. We do not offer traveller cheques.

    Service

    From any other banks, travel agents, bureau de change and outlets displaying the Visa sign.

    Charges

    Lloyds Bank does not make a charge but the provider of foreign currency may make a charge.

    When you withdraw cash in a currency other than sterling (whether at an ATM or over the counter):

    Service

    Charges

    Service

    Using your Lloyds debit card or Cashpoint® card

    Charges

    If you use your card to withdraw cash or make a payment in a currency other than sterling, the amount is converted to sterling on the day it is processed by Visa using the Visa Payment Scheme exchange rate on the day. We will charge you a non-sterling transaction fee of 2.99% of the value of the transaction. This is a fee for currency conversion. We will also charge you a non-sterling cash fee of £1.50, except for withdrawals of Euro inside the EEA where you will not be charged a non-sterling cash fee. Where you elect to allow the cash machine operator/financial service provider to make the conversion to sterling we will only charge a foreign cash fee of £1.50, except for withdrawals of Euro inside the EEA where you will not be charged a foreign cash fee. The provider of the foreign currency may make a separate charge for conversion.

    When you use your debit card to make a purchase or other transaction (not cash withdrawal, foreign currency or travellers cheque purchase) in a currency other than sterling whether you are in the UK, Channel Islands, Isle of Man or abroad:

    Service

    Charges

    Service

    Using your Lloyds Bank debit card.

    Charges

    If you use your card to make a payment in a currency other than sterling, the amount is converted to sterling on the day it is processed by Visa using the Visa Payment Scheme exchange rate on the day. We will charge you a non-sterling transaction fee of 2.99% of the value of the transaction. This is a fee for currency conversion.

    The European Economic Area (EEA) means the countries in the European Union plus Iceland, Norway and Liechtenstein.

    Administration fees

    We’ll be happy to respond when you ask us for help with managing your day-to-day banking – at no charge.

    But, if we have to spend a significant amount of time on a specific area, then, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you are committed.

This product is designed for customers living in the Channel Islands or the Isle of Man.

Information on our current accounts for customers in the United Kingdom.

Frequently asked questions

  • There is no minimum opening balance for the Islands Premier Account however there is a £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged. You must also meet eligibility criteria.

  • £15 monthly fee unless you maintain a cleared balance of £5,000, in which case no account fee is charged.

  • That's completely down to you. There's no limit on how much you can hold in your account.

  • The Island Premier Account is only available in Sterling.

  • You can move your existing account easily from another bank or building society.

    Once your account is open, we will transfer everything safely and securely in 7 working days, with the Current Account Switch Service.

    The Current Account Switch Guarantee (PDF)

    Read the Current Account Switch Service Guide (PDF)

    Click here for answers to some frequently asked questions about the service

    Switch guarantee logo.
  • You can access your money whenever you need to, either in branch, over the phone using PhoneBank or Internet Banking. If you're withdrawing cash from an ATM, there is a daily limit of £500.

  • Yes, you can use Mobile Banking with your Island Premier Account.

    With Mobile Banking you can check your balances, pay bills, deposit cheques, transfer money and make international payments all from your smartphone.

    To start using Mobile Banking, set up internet banking for your account and download our Mobile Banking app.

    Find out more about Mobile Banking

  • If you go overdrawn by £10 or less on your Island Premier Account, there are no overdraft fees to pay.

    An interest and fee-free overdraft of £250 is available on this account. You need to apply for this in advance and we need to approve it.

    If your account goes over its limit, you’ll have until 2.30pm (UK Time) to pay money into your account to avoid Returned Item Fees and ensure the payment goes out, but you have until midnight to avoid overdraft fees and interest. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.

  • If you have an Island Premier Account you can apply for a personal loan. Lending is subject to status. Terms and conditions apply.

  • We only offer travel insurance products from a single company, underwritten by AXA Insurance UK plc. We do not provide advice on travel insurance and we will not make comparisons with other similar products including those which you may currently hold. You will need to make your own choice about how to proceed.

    Cover for any medical conditions under this policy: you may need to declare these, agree cover with AXA and an additional premium may apply. If this affects you contact AXA directly to find out more. If you have a serious or life threatening pre existing medical condition, the Money and Pensions Service (MaPS) has launched a new directory listing firms which could offer travel insurance for you. For more information access this directory here to or phone MaPS on 0800 138 7777 (Mon – Fri 8am to 6pm). If this is relevant to you, please consider whether the travel insurance that comes with this account is the right one for you.

    The account comes with other additional benefits:

    • discounted European breakdown cover provided by the AA
    • Card Loss Assistance provided by Citymain Administration.
  • If you need extra information, please call 03457 449900.

    Lines are open 6am to Midnight UK time, 7 days per week.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored. Call costs may vary depending on your service provider.

  • A debit card is a payment card that allows you to make transactions online and in shops for any number of goods and services, and takes payment directly from your bank account. Millions of people use debit cards, and you get one with most Lloyds Bank International current accounts.

    With a debit card, you can:

    • book or buy online, in shops, or over the phone
    • take out money from any Cashpoint® in the Islands, or cash machines around the world
    • use your card worldwide, whenever you see the Visa symbol
    • call us 24 hours a day if you have a problem with your Lloyds Bank International debit card.
  • Many debit cards are now contactless, which makes paying for everyday things even easier.

    Contactless cards allow you to pay for goods up to £30 without needing to enter your PIN. Many shops, restaurants, and businesses have contactless reader devices which make transactions faster and smoother. Millions of people use contactless debit cards.

    Most contactless payments will appear in the main section of your online statement within a few days. However, some transactions may show first in the ‘View pending transactions’ section.

    Please note: Not all Contactless Card transactions appear immediately on your Online & Mobile Banking statements. If you can’t see a transaction please wait a few days for it to be added to your statement.

  • Contactless is a way of making paying for things swifter and simpler. If you have a contactless card and are paying for something in a shop, restaurant, or business that has a contactless reader, all you need to do is hold your contactless card over the reader to pay. If the price is under the threshold which is currently£45, you don’t need to even enter your PIN.

    The first time you use your contactless card for a transaction, you’ll need to enter your PIN. Once you've done that, all future transactions under threshold can be contactless. You need to hold your card very close to the reader (around 2 – 4 centimeters) for it to work. If the price of the transaction is over £45, you will need to key in your PIN as normal.

    For added security, every now and again you might be asked to enter your PIN for transactions under the threshold. This is likely to happen if you make several contactless transactions in a row.

    How to use contactless:

    1.  Look for the contactless symbol when paying.
    2. Simply touch your contactless card against the reader.
    3. A beep or green light shows your payment is being processed.
    4. Your payment is approved.
  • All contactless cards have the contactless symbol on them. The symbol is four curved lines radiating rightwards (a lot like a Wi-Fi symbol turned on its side). It looks like this:

    Contactless logo - illustration of a hand holding a bank card over the contactless logo. The logo has four curved lines which mimics a soundwave and is within an oval shape.

    If you have this symbol on the front of your debit card, you can start using the contactless method as described above.

  • Yes, whether you have an Apple or Android device you’ll be able to register your Lloyds Bank International cards with Apple Pay or Google Pay respectively. Some device and card restrictions may apply.

    Apple Pay and Google Pay are convenient ways to pay with your Lloyds Bank International debit or credit card. Using the latest contactless technology, it's a simple, secure way to make everyday payments with your mobile device.

    Your card details won’t be stored on your device or sent to merchants, so your information stays private and secure.

    Choose from the options below to find out more and get started.

    Find out more about Apple Pay

    Find out more about Google Pay

  • For previous interest rates please contact your local branch.

Current accounts

Browse and compare all of our current accounts. 

How to apply

Use our contact form or call us to make an appointment.

Branch finder

Find your local team in Jersey, Guernsey, Alderney or the Isle of Man and arrange a visit.