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Club Lloyds
afzaal1988
Posts: 285 Forumite
Hi, Is it possible to downgrade my account from club lloyds to classic account with no fee.
I wont be using any of club lloyds features for few years at least so i don't see the point of transferring £1500 every month to avoid £5 charge.
I wont be using any of club lloyds features for few years at least so i don't see the point of transferring £1500 every month to avoid £5 charge.
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Comments
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The (up to) 4% AER in credit interest is of no use to you then? Nor the 4% AER regular saver (if you don't have a lump sum to save in the current account)?afzaal1988 wrote: »Hi, Is it possible to downgrade my account from club lloyds to classic account with no fee.
I wont be using any of club lloyds features for few years at least so i don't see the point of transferring £1500 every month to avoid £5 charge.
To your question...you'll find the answer in your Personal Banking T&Cs (condition 14.21)0 -
Just got offset mortgage at 3.49 so all the savings from lloyds would be going to offset account. lloyds would 3.20 so it makes sense to transfer them to offset which is at 3.49YorkshireBoy wrote: »The (up to) 4% AER in credit interest is of no use to you then? Nor the 4% AER regular saver (if you don't have a lump sum to save in the current account)?
To your question...you'll find the answer in your Personal Banking T&Cs (condition 14.21)
Bytheway thanks for T&C. it appears they would be happy to switch it back to classic0 -
afzaal1988 wrote: »Just got offset mortgage at 3.49 so all the savings from lloyds would be going to offset account. lloyds would 3.20 so it makes sense to transfer them to offset which is at 3.49
Bytheway thanks for T&C. it appears they would be happy to switch it back to classic
Hi afzaal1988,
Not sure if you've got in touch with us to downgrade your account yet. If not, you can do that in branch or by phone on 01733 347 007 or 0845 3000 000 (lines are open 24 hours a day).
Thanks,
Craig“Official Company Representative
I am the official company representative of Lloyds Bank. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE[FONT="].
[/FONT]The information I have provided in this post is correct as at the date of posting."0
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