Is a 'Club Lloyds' account a current account?

Slinky

I have a Club Lloyds account which I'm considering closing and moving the money elsewhere as I can get a better interest rate on my money. Does it count as a 'current account' as far as trying to get a £170 bonus to transfer to and open a new account at HSBC for example?  I don't want to close the attached Premier Lloyds account as the benefits work well for us.

TIA

AlwaysLearnin

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

Slinky

Thanks. Looks like it's worth a go.

Vortigern

There is a Club Lloyds current account, there is also a Club Lloyds Regular Saver.

Does your account have a debit card? Is there a £3 fee debited and credited each month? If so it's a current account.

Does it have direct debits or standing orders? These are features of a current account.

A Club Lloyds saver is not a current account.

EarthBoy

Vortigern said:

There is a Club Lloyds current account, there is also a Club Lloyds Regular Saver.

Does your account have a debit card? Is there a £3 fee debited and credited each month? If so it's a current account.

Does it have direct debits or standing orders? These are features of a current account.

A Club Lloyds saver is not a current account.

You need to have the Club Lloyds current account to get the Club Lloyds saver in the first place. 

Daliah

EarthBoy said:

Vortigern said:

There is a Club Lloyds current account, there is also a Club Lloyds Regular Saver.

Does your account have a debit card? Is there a £3 fee debited and credited each month? If so it's a current account.

Does it have direct debits or standing orders? These are features of a currThat's true ent account.

A Club Lloyds saver is not a current account.

You need to have the Club Lloyds current account to get the Club Lloyds saver in the first place. 

That's true but you can downgrade or close the CL current account and keep your CL saver until maturity.

Slinky

Mine has the £3 charge, I used to have a debit card but never used it so they cancelled it.

I've applied to HSBC but can't upload my copy Lloyds bank statement they are asking for so will have to visit the local branch to show them it.

Marchitiello

Slinky said:

I have a Club Lloyds account which I'm considering closing and moving the money elsewhere as I can get a better interest rate on my money. Does it count as a 'current account' as far as trying to get a £170 bonus to transfer to and open a new account at HSBC for example?  I don't want to close the attached Premier Lloyds account as the benefits work well for us.

TIA

Just to be clear, you had two Lloyds current accounts, both with a monthly fee, different account numbers etc?

Club Lloyds is a type of pay for account (as is the discontinued Premier) that people can upgrade/downgrade to/from, without changing the account sort code or number.  It has a £3 monthly fee that get waived if you pay in a minimum (I think it is £1500)  and earn interest (0.6% on £1 to £3999 and 1.5% on £4000 to £5000 balances, not great as it used to be) if have two direct debits coming off each month from the account. In addition you can get an annual benefit across a small selection (I choose the 6 Odeon Cinema Tickets) . 

It is the “attached” to Premier Account that does not sound right

Slinky

Marchitiello said:

Slinky said:

I have a Club Lloyds account which I'm considering closing and moving the money elsewhere as I can get a better interest rate on my money. Does it count as a 'current account' as far as trying to get a £170 bonus to transfer to and open a new account at HSBC for example?  I don't want to close the attached Premier Lloyds account as the benefits work well for us.

TIA

Just to be clear, you had two Lloyds current accounts, both with a monthly fee, different account numbers etc?

Club Lloyds is a type of pay for account (as is the discontinued Premier) that people can upgrade/downgrade to/from, without changing the account sort code or number.  It has a £3 monthly fee that get waived if you pay in a minimum (I think it is £1500)  and earn interest (0.6% on £1 to £3999 and 1.5% on £4000 to £5000 balances, not great as it used to be) if have two direct debits coming off each month from the account. In addition you can get an annual benefit across a small selection (I choose the 6 Odeon Cinema Tickets) . 

It is the “attached” to Premier Account that does not sound right

Yes it's the Club Lloyds account you describe, and we have a Premier Account also.  I thought they were linked in some manner but it's years ago since they were opened so perhaps they are just standalone accounts.

Daliah

Slinky said:

Marchitiello said:

Slinky said:

I have a Club Lloyds account which I'm considering closing and moving the money elsewhere as I can get a better interest rate on my money. Does it count as a 'current account' as far as trying to get a £170 bonus to transfer to and open a new account at HSBC for example?  I don't want to close the attached Premier Lloyds account as the benefits work well for us.

TIA

Just to be clear, you had two Lloyds current accounts, both with a monthly fee, different account numbers etc?

Club Lloyds is a type of pay for account (as is the discontinued Premier) that people can upgrade/downgrade to/from, without changing the account sort code or number.  It has a £3 monthly fee that get waived if you pay in a minimum (I think it is £1500)  and earn interest (0.6% on £1 to £3999 and 1.5% on £4000 to £5000 balances, not great as it used to be) if have two direct debits coming off each month from the account. In addition you can get an annual benefit across a small selection (I choose the 6 Odeon Cinema Tickets) . 

It is the “attached” to Premier Account that does not sound right

Yes it's the Club Lloyds account you describe, and we have a Premier Account also.  I thought they were linked in some manner but it's years ago since they were opened so perhaps they are just standalone accounts.

It's not 'perhaps'. They are definitely not, and never have been, linked to or dependent on each other.