Lloyds removes £15 monthly charge from Premier account

Published on: 12 October 2026  | 3 min read

  • Lloyds has removed the £15 monthly fee from its Premier current account 
  • Customers must still pay in £5,000 a month or hold £100,000 in qualifying savings or investments with Lloyds 
  • £200 cash boost available for eligible customers who switch their main bank account to Premier.

Lloyds has removed the £15 monthly fee from its Premier current account, making it simpler for eligible customers to enjoy its range of rewards and benefits.

Customers must still pay in £5,000 a month or hold £100,000 in qualifying savings or investments with Lloyds, but the £15 monthly fee – which was previously refunded if customers met these requirements – has been removed.

Lloyds Premier benefits include:

  • 1% cashback on most debit card purchases (up to £10 a month).
  • An annual Lifestyle Benefit; choose from either 12 months of Disney+, cinema tickets, a year of Coffee Club and Gourmet Society membership, or an annual magazine subscription.
  • A Bupa Digital Family GP and Wellbeing subscription.
  • Exclusive savings and mortgage deals.
  • Financial coaching.
  • Dedicated 24/7 support.
  • Terms, conditions, limits and eligibility criteria apply.

Switch to Lloyds and get a £200 cash boost

The change comes as Lloyds also offers a £200 cash boost to eligible customers who switch their main bank account to Premier.

The offer is available to customers opening a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account and completing a full switch using the Current Account Switch Service. They must also transfer at least three active Direct Debits.

Eligible customers will receive £200 directly into their new account within 14 working days of the switch starting. Offer ends 9 December 2026.

Vivek Khattri, Personal Current Accounts and Overdrafts Director at Lloyds said: 

“We’ve removed the monthly fee to make the account simpler. With a wide range of exclusive rewards and benefits, plus our £200 switcher offer, Lloyds Premier offers even more value.”

Information correct as at 12 October 2026. Product details and offers are subject to change. For full details visit the Lloyds Premier page. 

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