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Lloyds Loan servicing account

musicman100
musicman100 Posts: 102 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Coronavirus Board
Hi i applied for one of these and applied for the loan . It appeared in that account on the 2nd June but i cant seem to be able to withdraw it.  I have a normal current account with them but they are not connected. when i try to withdraw it says

Sorry you dont have an eligible account

How do i get the money out?
I dont have a business account only a loan servicing account.
thanks
Back in the UK after living in austria

Comments

  • MattMattMattUK
    MattMattMattUK Posts: 12,057 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    You need to provide a bit more information. What kind of loan is it for starters? What was the product, can you link to it on the Lloyd's site?
  • musicman100
    musicman100 Posts: 102 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 3 June 2021 at 9:58PM
    sorry its the bounce bank loan from the government



    Back in the UK after living in austria
  • ThisnotThat
    ThisnotThat Posts: 500 Forumite
    500 Posts Name Dropper
    Wouldn't it be far easier to just contact Lloyds and ask them?

    You'd probably have had your answer by now if you'd just phoned them.
  • musicman100
    musicman100 Posts: 102 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Yes I have been trying to for the past 2 days!! the on line chat gets no response and phoning it just says they are busy and wait time is over an hour !! Which i have not got time to wait.  so i just thought someone else might have the same problem.
    Back in the UK after living in austria
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    My Lloyds BBL went straight into my Lloyds business account.
    Couldn't you apply with the bank you do your usual business banking with?
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • sheramber
    sheramber Posts: 23,623 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Percy1983 said:
    My Lloyds BBL went straight into my Lloyds business account.
    Couldn't you apply with the bank you do your usual business banking with?
       The OP saod  
    I have a normal current account with them 
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    sheramber said:
    Percy1983 said:
    My Lloyds BBL went straight into my Lloyds business account.
    Couldn't you apply with the bank you do your usual business banking with?
       The OP saod  
    I have a normal current account with them 

    I know that is why I asked why they didn't apply for one with the bank they do their business banking with.

    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • sheramber
    sheramber Posts: 23,623 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Percy1983 said:
    sheramber said:
    Percy1983 said:
    My Lloyds BBL went straight into my Lloyds business account.
    Couldn't you apply with the bank you do your usual business banking with?
       The OP saod  
    I have a normal current account with them 

    I know that is why I asked why they didn't apply for one with the bank they do their business banking with.

    because he doesn't have a business account.
  • Emmia
    Emmia Posts: 6,670 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    sheramber said:
    Percy1983 said:
    sheramber said:
    Percy1983 said:
    My Lloyds BBL went straight into my Lloyds business account.
    Couldn't you apply with the bank you do your usual business banking with?
       The OP saod  
    I have a normal current account with them 

    I know that is why I asked why they didn't apply for one with the bank they do their business banking with.

    because he doesn't have a business account.
    So the OP is (probably) breaking the T&Cs in using a personal account for their business - applying for/withdrawing the BBL will probably highlight this to Lloyds, with the usual consequences...
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