Club Lloyd’s Fee Waiver

D3xt3r5L4b

It seems Lloyd’s are waiving the £3 per month fee for Club Lloyd’s and Platinum Club Lloyd’s accounts for June, July and August.

It’s not much in the grand scheme of things but it’s better than nothing I suppose...

ceredigion

How many people do you think are twp enough to pay it.

swaledale_one

Club Lloyd's is free anyhoo as long as you flow in £1500 a month

NedS

Details in the small print here:

https://www.lloydsbank.com/current-accounts/all-accounts/club-lloyds.html

Useful to know, as it means won't have to shuffle £1500 into the account for the next 2 months. Fees resume in September, based on payments in August 2020.

eschaton

Can’t believe anyone would pay it in the first place. 

ZeroSum

Who would be daft enough to pay it anyway? 

nick74

ZeroSum said:

Who would be daft enough to pay it anyway? 

Normally no one, probably. I expect though there will be people who are normally paid enough to get the account for free, but due to furlough etc their income might have dropped below the required £1500 pay-in and would have otherwise found themselves being charged £3. 

colsten

nick74 said:

Normally no one, probably. I expect though there will be people who are normally paid enough to get the account for free, but due to furlough etc their income might have dropped below the required £1500 pay-in and would have otherwise found themselves being charged £3. 

There is really no need to get paid £1,500+ to meet the monthly pay-in requirements. 

Blackbeard_of_Perranporth

Cancel it then if you don't want to pay it!

nick74

colsten said:

nick74 said:

Normally no one, probably. I expect though there will be people who are normally paid enough to get the account for free, but due to furlough etc their income might have dropped below the required £1500 pay-in and would have otherwise found themselves being charged £3. 

There is really no need to get paid £1,500+ to meet the monthly pay-in requirements. 

I know, but outside of this forum how many people would realise how easy it is to avoid the fee? 

dggar

nick74 said:

colsten said:

nick74 said:

Normally no one, probably. I expect though there will be people who are normally paid enough to get the account for free, but due to furlough etc their income might have dropped below the required £1500 pay-in and would have otherwise found themselves being charged £3. 

There is really no need to get paid £1,500+ to meet the monthly pay-in requirements. 

I know, but outside of this forum how many people would realise how easy it is to avoid the fee? 

Anyone who had read the T&Cs before applying for the account I would have thought.