New Lloyds Club current account

Frank121

Geoffo_M wrote: »

On the 2nd May, did everyone get a £5 charge followed by it being reversed "Club Card waived £5" - just wondered because I met all the terms last month, paid in more than £1,500, 2 direct debits etc - wondered if they did that because it's the 1st month or if they're going to show that every month. Just thinking now, the £1,500 hasn't got to be deposited in one go has it, mine was a combination of 3 or 4 deposits?

Me too! I was thinking it was normal till I read Gromit's post. Hmmm...i paid in the 1500 and have two DD's in place. I guess I will have to see what happens next month. ;p

Funkyfreddy

PaulW922 wrote: »

Transfers between accounts at the same bank do not count. That applies to Lloyds and Halifax.....

Paul - are you sure ? T&C's please to support.

Rgds
FF

kar999

Transfers between Lloyds accounts will work. ..as all of us who have rolling standing orders between Vantage Accounts and now Club account can testify.
There is nothing in their T&Cs stating where the monthly funding has to come from.

Gromitt

Frank121 wrote: »

Me too! I was thinking it was normal till I read Gromit's post. Hmmm...i paid in the 1500 and have two DD's in place. I guess I will have to see what happens next month. ;p

The only difference I see is that I paid in more like £4999 last month, so more than the £1500 minimum.

Funkyfreddy

Geoffo_M wrote: »

On the 2nd May, did everyone get a £5 charge followed by it being reversed "Club Card waived £5"......

No charge here either.

Club Lloyds opened 2nd week of April, initial deposit of £1500 (and back out) from my Classic Vantage a/c shortly afterwards to get that requirement out of the way.

Small amount of Interest added 1/5/14 as full £5K not put in until 2 DD's were established later in month.

Rgds
FF

Geoffo_M

Frank121 wrote: »

Me too! I was thinking it was normal till I read Gromit's post. Hmmm...i paid in the 1500 and have two DD's in place. I guess I will have to see what happens next month. ;p

Yes me too, will have to wait & see next month. I can understand now how their system might be to automatically charge the £5 monthly fee, then check if we've met the qualifying terms & then execute the £5 waive reversing entry. But I'd have thought then that would apply to everyone & it's not just Gromitt that neither entry has appeared but FunkyFreddy too.
Hmmm... mysterious, just hope they're not going to it try on & point out some hidden term we haven't met from somewhere??

anna42hmr

I have a theory on this, but would someone else who opened the account the launch weekend 31 march be able to check theres?

I too have the £5 club fee on 2 May and then a reverse stating it was waived and a payment of the interest (12.92 in my case)

However, I also received a small payment of interest on 1 April (87p) for the pro rata period from opening date to end of the first month. But at this interest payment had no note above ref the charge and the waiver.

Reading the posts from Gromit and and FunkyFreddy, I think they opened theirs in April so first payment of interest is this one, and they have not got the reversal so my thoughts are either:

1. The first month doesn't have any conditions applied to it to allow for people to fully open, start setting up dd's etc.

2. Lloyds they've updated their systems and the update has not been rolled out fully yet, i.e the message is only there if opened before x date.

Did those who got the message also have the account open to get last months interest? if so did you have the message this month but not last month on the statement?

Geoffo_M

anna42hmr wrote: »

I have a theory on this, but would someone else who opened the account the launch weekend 31 march be able to check theres?

I too have the £5 club fee on 2 May and then a reverse stating it was waived and a payment of the interest (12.92 in my case)

However, I also received a small payment of interest on 1 April (87p) for the pro rata period from opening date to end of the first month. But at this interest payment had no note above ref the charge and the waiver.

Reading the posts from Gromit and and FunkyFreddy, I think they opened theirs in April so first payment of interest is this one, and they have not got the reversal so my thoughts are either:

1. The first month doesn't have any conditions applied to it to allow for people to fully open, start setting up dd's etc.

2. Lloyds they've updated their systems and the update has not been rolled out fully yet, i.e the message is only there if opened before x date.

Did those who got the message also have the account open to get last months interest? if so did you have the message this month but not last month on the statement?

Yes interesting theory Anna & I think you might be right, I haven't an exact date I applied but I was contacted about my Lifestyle benefits on the 2nd April so I guess I must have opened my account around the same time as you. That would make sense as this is not then our first month, unlike Gromitt & FunkyFreddy. My interest on 2nd April was just the normal amount. So I'm hoping you're right & everyone will get the £5 charge followed by the immediate waive AFTER the first month. We will see, hope you're right.

trickydicky14

A quick question if I may, I am going through the setup process for my new Lloyds club account the account is in place just waiting for activation code. Can I fund the account and start the process of putting the DD’s in place while I am waiting.

I am aware I have limited access to the account at the current time but as the DD’s will take possibly ten days approx to put in place I thought I should get on with it. I also noticed the setup process is the same as the new TSB account I setup and I funded that before I had full access to it.

All replies appreciated

matty17r

I have opened my club lloyds account. I am trying to set up the direct debits. Do I do this on the tesco bank or on lloyds? Been on the phone to tesco and they say I need to do it through Lloyds. Sorry I am being thick!