Lloyds Bank £100 switching offer ends 9 Nov 2020

Katiehound

Well, I'm another happy customer. Did it all online (into an existing Club L a/c) and I see the bonus has already been paid, yesterday, days before the switch is due.

 I'm pretty sure I have never had the golden welcome before I have arrived (so to speak.)
Generally there are long stories about chasing the pay out weeks after the event from other banking groups.

Zanderman

An update - and a tip - on my attempts to open a new Club account (not offered to me online or in-app as an option despite only having a joint one - see previous posts!):

I resorted to opening a new Classic with a view to upgrading to Club - but upgrading is also not an option online, which tells me to go to branch.  In-app chat though assures me it can be done on the phone.

The phone line always cuts off - infuriatingly AFTER stating what I want ('I want to upgrade my account'), AFTER entering account and sortcode, and AFTER entering characters from my (telephone banking) password.  Every time, after that sequence, the recorded message says 'sorry. we can't take your call today' and cuts off the call.  Really poor practice - if they're that short of phone lines/staff they could say BEFORE all that!

So I tried a new strategy - when it asked what I want I told it how cross I was that I kept being hung up on, and didn't mention wanting to upgrade my account.  And, Presto! After Account number, Sortcode and Password characters  I find a human on the line saying they understand I want to make a complaint!  Which wasn't quite what I said - but I had clearly it triggered a different sequence - and I was treated as more important than someone who merely 'wanted to upgrade my account'.

Complaints put me through to the right people - and, after 20 tedious minutes of reading club account T&C aloud to me, I have a promise the account will be upgraded within a day or two and I can then switch into it.

So, if you're in this position, grumble a bit when the system asks you what you want!


 

ffacoffipawb

My switch is due to finish on Friday but I got the incentive on Monday.

colsten

downshifted said:

Not for a joint account. Only single name. Tells you to phone... you try

I cannot try it as I don't have a joint account to switch into but the form looks to me as it would cater for joint account switching, and there is no earthly reason why a joint account switch request could not be made via a form. Perhaps there is something particular about your joint account that they need to discuss with you and/or your joint account holder.

colsten

downshifted said:

Perhaps there is something wrong with your reading ability. Or maybe your ego since you find it necessary to give ill informed comments and advice. 

Pardon? Where on the Lloyds website does it say joint accounts cannot be switched online? Happy to read it if you point me at it.

xylophone

My switch is due to finish on Friday but I got the incentive on Monday.

https://www.lloydsbank.com/current-accounts/switch.html?WT.ac=common/promotion/r1pr/club/ban/s/rt/LSwitchHpB

The offer will be paid directly in your account within 10 working days of your switch starting and will appear as a cash credit. 

Doc_N

I calculate the interest rate from 1 October at around 0.78% if you keep a constant £5000 in the account, along with two direct debits.  Seems hardly worth the bother, or am I missing something?

soulsaver

Doc_N said:

I calculate the interest rate from 1 October at around 0.78% if you keep a constant £5000 in the account, along with two direct debits.  Seems hardly worth the bother, or am I missing something?

Well, yes... the thread is about (getting the bunce from) the switching offer.

colsten

Doc_N said:

I calculate the interest rate from 1 October at around 0.78% if you keep a constant £5000 in the account, along with two direct debits.  Seems hardly worth the bother, or am I missing something?

I don't think many people intend to keep £5k in there.

CRISPIANNE3

Despite of never receiving confirmation of the switch my partner received her cash incentive today and switch due to complete on 21 September. This was a switch from Halifax.