Lloyds multiple vantage accounts

soulsaver

Like many others on here I have multiple (more than 3) Vantage accounts. Yesterday I got a call from one of the Lloyds Nazi women (you know the jobsworth types, nowt better to do than poke nose in...) who eventually claimed she'd called to see if she could offer some 'advice' on the relatively large sum that had just hit my Vantage account, but she opened with "this is just a heads up: you are not allowed more than 3 Vantage accounts T&Cs etc;, there could be a sweep and those extras could be closed; it'll not be'cos I've done anything etc it just may happen.." Yeah, right.

If you have many more than the three & you have a choice, it may be worth avoiding biggish sums hitting your Vantage accounts and attracting attention. I dont know what level the radar is set at; I dont think £20k will attract attention, but I know £50k will.

FLAPJACK

Don't forget though that you only get interest paid on sums up to £7000 too.

soulsaver

FLAPJACK wrote: »

Don't forget though that you only get interest paid on sums up to £7000 too.

In detail its long & boring & full of Halifax's flaky Faster Payments incompetence unlikely to meet the NR fixed rate deadline (which ironically was subsequently extended) so I raided ALL my Vantage accounts, using Lloyds reliable FP. The big credit was to replenish the £7k per a/c.

carpy

don't like the sound of this as i have 6 and love getting £100+ per month in interest!

xrjtg

I'd take this call at face value: they notice you have a lot of cash in "current" accounts and try and sell you an expensive investment product. If they decide to clamp down on the Vantage accounts then they don't need the trigger of a large payment going in to find who's playing the system, they can just query their accounts database.