How do I make overpayments online?

Hi,

Details Below:

Sortcode: 77-77-90
Account #: 90000468
Reference: <Loan Agreement Number>

The loan agreement number is the important part.

If you bank with LTSB and you try and set this up as a bill payment - the internet banking system won't let you. You need to set this up as a Standing Order. It's a quirk in the system.

If you don't want to make regular payments, set it up as an annual standing order. Then, each time you want to make a payment, amend the standing order to go out ASAP. This is what I do. Just don't forget about the SO or you might have a large payment leaving the account in a year's time!

I would imagine that you wouldn't have problems setting this up as a bill payment with other bank's internet banking, it's just that the Lloyd's system recognises that you are trying to overpay a loan and doesn't like it.

The funds will credit the loan account in about 3 to 4 days. I always suggest sending a £1 to test it first.

It definitely works though. Not a lot of people know about it. But coz i'm staff, I have a loan and i'm sooooooooooooo clever - I do !

Hope this helps.