Lloyds Bank’s £200 switching offer has now ended. The information below is for reference only. For switching deals & sign-up bonus offers available now, make sure to check out our switching deals guide and sign-up bonus deals guide.
From 2 October 2024, Lloyds Bank is offering £200 to switch to a Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum account using the Current Account Switch Service before 10 December 2024.
There’s a £3 monthly fee on all these accounts to access Club Lloyds benefits, but it’s waived if you deposit £2,000 each month. The Silver and Platinum accounts have an additional monthly fee of £11.50 and £22.50, respectively.
Club Lloyds accounts also come with some tasty perks, including a 12-month Disney Plus subscription.
For a full list of switching deals on the market, you can visit our switching deals guide.
You’ll get £200 within 3 working days after completing your switch to a new Club Lloyds account.
You could earn up to £90 in interest if you keep a balance of £5,000 in your current account and have 2 active direct debits each month. Interest is paid at 1.50% AER (variable) for balances from £1 to £3,999 and 3% AER (variable) on the amount between £4,000 and £5,000. No interest is paid on the amount over £5,000.
These accounts also come with access to the Club Lloyds Monthly Saver, which pays 6.25% AER, fixed for 12 months. You can save between £25 and £400 each month. If you saved the maximum of £400 at the start of each month, you’d earn £161 in interest in a year.
In terms of perks, you’ll get to choose a lifestyle benefit, which could be a Disney Plus subscription, cinema tickets, Coffee Club and Gourmet Society membership or a magazine subscription.
The Silver and Platinum accounts come with AA breakdown cover, travel insurance and mobile phone insurance.
The switching offer and the interest you could earn in the first year would take you to £451, with the other extras a bonus.
This deal is available for UK residents aged 18 and older. New and existing customers can apply.
To qualify, you need to open a Club Lloyds Account (£3 monthly fee), Club Lloyds Silver Account (£11.50 monthly fee plus £3 Club Lloyds monthly fee) or Club Lloyds Platinum Account (£22.50 monthly fee plus £3 Club Lloyds monthly fee). The £3 monthly fee is waived on all accounts if you deposit at least £2,000 each month.
You need to use the Current Account Switch Service to transfer a minimum of 3 active direct debits and close your existing account held with another bank to be eligible for the £200 bonus, which is paid within 3 working days after the switch is complete.
You won’t receive the bonus if:
This offer ends on 10 December 2024.
If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.
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