Lloyds TSB branch sale

MoneySaverLog

stclair wrote: »

I cant believe there closing Dale End :eek:

I know that's shocking

ian_h

MoneySaverLog wrote: »

I don't like this list the branch near where I live is closing, it is the only bank in the area too.

not CLOSING - being Sold

MoneySaverLog

ian_h wrote: »

not CLOSING - being Sold

But it won't be a Lloyds TSB branch anymore so I cannot use it once it has been sold. So it might as well be closing.

MoneySaverLog

Here's a question if a branch is being sold, will Lloyds TSB write to account holders to give them the option of moving their accounts to a different branch.

What rights would the new owners of the sold branches have towards Lloyds TSB customer data. I'd assume none as a customer of Lloyds TSB surely would have to agree to the new owners having their data transferred from Lloyds TSB. Hence anyone buying the branches will probably have to get the customers through the door to sign up for an account to start with.

Lokolo

MoneySaverLog wrote: »

Here's a question if a branch is being sold, will Lloyds TSB write to account holders to give them the option of moving their accounts to a different branch.

What rights would the new owners of the sold branches have towards Lloyds TSB customer data. I'd assume none as a customer of Lloyds TSB surely would have to agree to the new owners having their data transferred from Lloyds TSB. Hence anyone buying the branches will probably have to get the customers through the door to sign up for an account to start with.

Why would you need to move your account to a different branch exactly? It's not like you are only limited to using the branch you opened your account with.

MoneySaverLog

I would not, but if the branch I was with was closing, and therefore no longer Lloyds TSB then I would imagine I'd have to move to another branch or stay there with the new owners.

JuicyJesus

Lokolo wrote: »

Why would you need to move your account to a different branch exactly? It's not like you are only limited to using the branch you opened your account with.

The sale includes accounts domiciled at (i.e. with the sort code of) the sold branches. If one wished to stay with Lloyds and not go with the new bank, then they would request their account be moved to be held at a different branch, as many have done after RBS sold their English branches to Santander.

Obviously if your account was not held at one of the sold branches, but you used one to transact, you wouldn't be able to use that branch any more, as it would belong to a different bank.

Lokolo

JuicyJesus wrote: »

The sale includes accounts domiciled at (i.e. with the sort code of) the sold branches. If one wished to stay with Lloyds and not go with the new bank, then they would request their account be moved to be held at a different branch, as many have done after RBS sold their English branches to Santander.

Obviously if your account was not held at one of the sold branches, but you used one to transact, you wouldn't be able to use that branch any more, as it would belong to a different bank.

So they (the new owners) aren't setting up new sort code and account numbers for customers?

MoneySaverLog

I would have imagined they would have to do new sort codes, as the 30 and 77 codes belong to Lloyds TSB

stclair

When do they start rebranding back to Lloyds Bank?