Club Lloyds

Wig

I have a Club Lloyds now, but it's empty, I have just put in the required £1500 for June, but I opened the account on 24th May ... I won't be charged £5 for May because it was empty, will I? They surely give you some time to get the first payment into the account.?

I have 3 vantage accounts all with direct debits,
From July the vantage will need to have the 2 DD
From July vantage will pay just 1.5%
Is it worth keeping vantage open at 1.5% or where is it better for me to move my Vantage money with no ties simple instant access?


Vantage won't need the 2 x DD till July, My CLub needs them now, I should move the vantage DD to club now and worry about Vantage DD later
What is the simplest method to move 2 direct debits from Vantage to Club? Can be simply done on the Lloyds online service? Or is it more complicated having to do it through the service provider, i.e. paypal, and my telephone company etc..

YorkshireBoy

Wig wrote: »

***I'm editing this thread don't reply yet***

Please let us know when you've done.

YorkshireBoy

Wig wrote: »

I have a Club Lloyds now, but it's empty, I have just put in the required £1500 for June, but I opened the account on 24th May ... I won't be charged £5 for May because it was empty, will I? They surely give you some time to get the first payment into the account.?

Answered in your account T&Cs...available on their website if yours aren't to hand (page 1 of 5 so not too much reading involved!).

I have 3 vantage accounts all with direct debits,
From July the vantage will need to have the 2 DD
From July vantage will pay just 1.5%
Is it worth keeping vantage open at 1.5% or where is it better for me to move my Vantage money with noo ties simple instant access?

Are the DDs active? ie have you been pulling money out by DD since October 2013 (specifically within the last 13 months)? If not, you may find they've lapsed under the dormancy rules. As to what's better?...Santander, Nationwide FlexDirect, TSB, BoS. What's your own research turned up so far?

Vantage won't need the 2 x DD till July, My CLub needs them now, I should move the vantage DD to club now and worry about Vantage DD later

July 2nd is just under 3 weeks away!

What is the simplest method to move 2 direct debits from Vantage to Club? Can be simply done on the Lloyds online service? Or is it more complicated having to do it through the service provider, i.e. paypal, and my telephone company etc..

I think you'll need to do it through the DD originators.

Wig

Yorkshireboy,

What are you doing with your vantage's (assuming you have them) are you going to keep tham at £5000 or close them and move it where?

YorkshireBoy

Wig wrote: »

Yorkshireboy,

What are you doing with your vantage's (assuming you have them) are you going to keep tham at £5000 or close them and move it where?

I'd rather spend my money than settle for 1.5% AER (with conditions)!


I'm converting one to Club, and the remaining £10K will go to Santander/Tesco.

intalex

Wig wrote: »

I have a Club Lloyds now, but it's empty, I have just put in the required £1500 for June, but I opened the account on 24th May ... I won't be charged £5 for May because it was empty, will I? They surely give you some time to get the first payment into the account.?

Just to make it easier for others who are thinking about timing the opening/upgrading of this a/c, I've copied below the answer to this question from the T&Cs:-

If you open your Club Lloyds account, or add the Club Lloyds benefits package to your account, part way through a billing period no Club Lloyds fee will be charged in relation to that monthly billing period. The first Club Lloyds fee will not be charged until the end of the next monthly billing period.

Lloyds_Bank

Wig wrote: »

What is the simplest method to move 2 direct debits from Vantage to Club? Can be simply done on the Lloyds online service? Or is it more complicated having to do it through the service provider, i.e. paypal, and my telephone company etc..

Hi Wig,

If you visit one of our branches, one of my colleagues will be able to transfer the Direct Debits. Branch info is available here.

Alternatively, you can send a written request. On the request, you should include your signature and sort code & account number (for the account the DDs are set up on). You should also include the sort code & account number for the account the Direct Debits are to be moved over to as well as their references. You can send the written instruction to Lloyds Bank PLC, BX1 1LT.

Thanks,

Craig