MSE News: Lloyds and TSB to split: what it means for you

"From 9 September Lloyds TSB branches will be split and re-branded as either Lloyds Bank, or TSB..."
Read the full story:

Lloyds and TSB to split: what it means for you

OfficialStamp.gif


Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
«13456

Replies

  • To stay with Lloyds or to swap to TSB that is the question. Quite happy with Lloyds who have a branch near to work but the branch near home is going to become TSB ;-(
  • torbrextorbrex
    71.3K Posts
    10,000 Posts Combo Breaker Rampant Recycler Hung up my suit!
    ✭✭✭✭✭✭
    I do not have an actual account but I do have the Lloyds TSB duo credit cards.
    I got a letter a couple of months ago telling me of the split but it did not actually say what would become of my CC account, the letter was unclear as to whether I would be issued new cards straight away or hold them until their expiry date.

    I may have missed the information as the wording of the letter was aimed at actual account holders rather than people that just used the credit cards.
  • I feel a bit uneasy about this change.....I have a business account with them and a lot of my customers pay by cheque and bank with the same bank as me, their cheques are like cash they go straight into my account...not any more, they may not move but stay with Lloyds and I'll have to wait until their cheques clear so....I'm going to hedge my bets and open an account with Lloyds as am being moved to TSB, it can't do any harm, the reduction in the number of branches I can use is a nuisance to say the least also.
  • LardyCakeLardyCake Forumite
    290 Posts
    Part of the Furniture 100 Posts
    ✭✭
    I'm being switched to TSB.

    Very pleased as I see it as an opportunity to to open another three Lloyds Vantage accounts @ 3% while keeping my existing three (now) TSB Vantage accounts @ 4%.
  • SteveJWSteveJW Forumite
    613 Posts
    Part of the Furniture 500 Posts Combo Breaker
    ✭✭
    Currently a Lloyds customer, I am down to switch to TSB

    Currently have a gold account with Lloyds, this gives me free travel insurance and various other benefits.
    It doesn't cost me a penny as the account was opened a long while ago when they didn't charge for the benefits.
    Apparently they cannot start charging unless you upgrade your account, even Martin has said if you are getting the benefits without any monthly payments its a good deal.
    Wonder what happens when I change to TSB
  • EarthBoyEarthBoy Forumite
    2.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    LardyCake wrote: »
    I'm being switched to TSB.

    Very pleased as I see it as an opportunity to to open another three Lloyds Vantage accounts @ 3% while keeping my existing three (now) TSB Vantage accounts @ 4%.

    TSB will call them Enhance, rather than Vantage.

    See page 4:
    http://www.lloydstsbtransfer.com/global/tsb_nov_june2013.pdf
  • PaulW922PaulW922 Forumite
    1K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭
    To stay with Lloyds or to swap to TSB that is the question. Quite happy with Lloyds who have a branch near to work but the branch near home is going to become TSB ;-(

    Don't forget that you can use the Post office for deposits and withdrawals too - if you don't mind queueing!
  • edited 9 August 2013 at 12:23PM
    AnthornAnthorn Forumite
    4.4K Posts
    ✭✭✭✭
    edited 9 August 2013 at 12:23PM
    Pretty much old news. What remains is the question of how it's to be done and it appears that Lloyds TSB will be sticking with it's original plan reinforced after the sell off to Co-op Bank fell through: That is to merge 600 or so Lloyds TSB branches into TSB and sell off the remaining Lloyds TSB branches.

    So existing customers may not get the choice of where their accounts eventually end up.
  • vnsvns Forumite
    183 Posts
    LardyCake wrote: »
    I'm being switched to TSB.

    Very pleased as I see it as an opportunity to to open another three Lloyds Vantage accounts @ 3% while keeping my existing three (now) TSB Vantage accounts @ 4%.

    +1...Hopefully means I can get another three accounts, one of mine currently is being switched over to TSB
  • EarthBoyEarthBoy Forumite
    2.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    Anthorn wrote: »
    .. it appears that Lloyds TSB will be sticking with it's original plan reinforced after the sell off to Co-op Bank fell through: That is to merge 600 or so Lloyds TSB branches into TSB and sell off the remaining Lloyds TSB branches.

    They are selling off the TSB branches, not the remaining Lloyds TSB branches. Those will become Lloyds Bank.
This discussion has been closed.
Latest MSE News and Guides

Stoozing, sublets & summer sips

This week's MSE Forum highlights

MSE News

Martin Lewis quizzes Rishi Sunak

Watch the cost of living support Q&A here

Join the MSE Forum discussion

48 craft beers for £50 delivered

One-off bundle for newbies. Excludes Northern Ireland

MSE Deals