Get £50 From Lloyds Tsb If You Recommend A Friend

buspass_3

I have a Lloyds account but my wife did not.

Whilst at the branch a few weeks ago, I saw a leaflet explaining I could get £50 by recommending a new customer to a certain type of account. Also the new account holder would qualify for another £50. So that's £100 in total.

A friend who works at the branch explained that to qualify, £500 or more must be paid into the account each month, and the £50 will be paid after the first month. She explained that their system is set to issue an auto prompt if the £500 doesn't go in each month for the first 3 months. Thereafter, no checks are made. (In reality you could probably close the account anyway - there was nothing in the T&Cs to say you had to keep the account open for any length of time)

So I have moved £500 into my wifes account from my own Lloyds account. Waited until the £50 was credited to both accounts, then moved the £500 back to my own account. A month later moved the £500 back to her account, waited a few days and moved it back to mine and so on. So far so good - no calls from any Lloyds customer service operator.

So to cut a long story short, we both received our free £50.

Milarky

Does anyone know if the the referree can recommend two or more new accounts - it does not say otherwise in the leaflet - just says 'one payment per new customer', AFAIAA

Thanks

[Has this one not been in one of Martin's tips already? I must have been asleep?]

jonesMUFCforever

I think you can recommend as many as you like, as long as it is not the same person.
Eric

grumbler

It is worth reading 'free £50 without putting salary?' thread.

Milarky

Does anyone know if the the referree can recommend two or more new accounts?

Yes! you can get the £50 paid more than once - my second payment arrived in my account yesterday. [yippee]

Ted_Hutchinson

There is a thread Referrers boardwhere those without an existing Lloyds/TSB account can help themselves and other site members to £50.

But the idea of 2 people in the same family helping each other appeals to me, trouble is all my family are already TSB account holders.

HugoRune_2

I opened an account with Lloyds, deposited 1000 pounds with them, the terms say that within 31 days of this they will put in a 50 pound bonus, didnt get it, rang and they refused to award the 50 pound as I hadnt moved my wages to the account, but the terms didnt ask for this, I might have used the bank account but now I'll just close it. Very misleading(dishonest) promotion.
Anyone else had the same experience?

Tony_H_3

I have merged your thread with this one, it would seem as if you might be correct & should pursue for the free gift which failed to materialise.

jonesMUFCforever

HugoRune wrote:

I opened an account with Lloyds, deposited 1000 pounds with them, the terms say that within 31 days of this they will put in a 50 pound bonus, didnt get it, rang and they refused to award the 50 pound as I hadnt moved my wages to the account, but the terms didnt ask for this, I might have used the bank account but now I'll just close it. Very misleading(dishonest) promotion.
Anyone else had the same experience?

When did you open the account?
If it has been in the last 2 months I believe that a transfer of salary was mandatory as explained in their leaflet.Could it be that you had out of date details?
Eric

HugoRune_2

It was about 2 months ago that I opened the account, I read the terms carefully and it definitely didnt say I had to transfer my wages

jonesMUFCforever

HugoRune wrote:

It was about 2 months ago that I opened the account, I read the terms carefully and it definitely didnt say I had to transfer my wages

Well the terms and conditions I have seen now definately states that you have to fill in the salary transfer form to get the incentive.
Eric