New Lloyds Bank £150 Switch Offer - September 2022 21 September 2022 at 11:35AM edited 21 September 2022 at 11:38AM in Budgeting & bank accounts 54 replies 5.2K views

Asghar

Noticed yesterday but there does not seem to be a new thread yet.

Switch to the Club Lloyds or Club Lloyds Platinum account, start your switch by the 14th November 2022. Open to new and existing customers.

Same as the last offer but £25 more and unlike the recent Halifax switch offer, it seems that no Direct Debits are needed.

https://www.lloydsbank.com/current-accounts/switch.html

[Deleted User]

Can't see anything about how long you have to keep it, would be pretty nice to only suck up a single monthly fee once the payment is made (depending on date) and then swap it out again  

AlwaysLearnin

In case it helps anyone else looking to see when their last one was, there was an offer Sep-nov 2020

https://forums.moneysavingexpert.com/discussion/6188637/lloyds-bank-100-switching-offer-ends-9-nov-2020/p1

trickydicky14

Can you switch a Virgin current account over to Lloyds, it's the only one available just now for me to switch.

eskbanker

trickydicky14 said:

Can you switch a Virgin current account over to Lloyds, it's the only one available just now for me to switch.

Depends on exactly which account you have, but you can switch any CASS-compliant current account into Lloyds....

https://www.currentaccountswitch.co.uk/banks-building-societies/

pfpf

AlwaysLearnin said:

In case it helps anyone else looking to see when their last one was, there was an offer Sep-nov 2020

https://forums.moneysavingexpert.com/discussion/6188637/lloyds-bank-100-switching-offer-ends-9-nov-2020/p1

i had a £125.00 "incentive" paid on the 27th June 2022 so think there's been many variations since 2020.

Aidanmc

Deleted_User said:

Can't see anything about how long you have to keep it, would be pretty nice to only suck up a single monthly fee once the payment is made (depending on date) and then swap it out again  

The Club Loyds has a £3 monthly fee, but this is refunded if you deposit £1500 monthly.

After the incentive is paid, you can downgrade the Club loyds to Classic which has no fees.

PRAISETHESUN

Full offer terms: https://www.lloydsbank.com/current-accounts/switch.html

To qualify for the £150 switching offer (“the offer”) you must switch to a Club Lloyds Account or Club Lloyds Platinum Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The following conditions apply:

• Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to a Club Lloyds Account (£3 monthly maintaining the account fees apply) or Club Lloyds Platinum Account (£21 and £3 monthly maintaining the account fees apply) (‘Qualifying Account’). The ‘Current Account Switch Service’ will close your old account with the other bank; and
• start your switch from your old bank account using the ‘Current Account Switch Service’ to a Club Lloyds Account or Club Lloyds Platinum Account between the 13/09/2022 and the 14/11/2022.

 You are not eligible for the offer if:

• You switch to any account other than Club Lloyds Account or Club Lloyds Platinum Account.
• You change your existing account to a Club Lloyds Account or Club Lloyds Platinum Account, but you do not move your account from another bank using the ‘Current Account Switch Service’ before the switching deadline.
• You’ve received a switching offer since April 2020 for switching to a Club Lloyds Account or Club Lloyds Platinum Account.
• You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020.
• The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk
• You are an employee of Lloyds Banking Group, or if an employee is named on any bank account held in joint names.

1. The offer applies to applications received in branch, online or by phone from the 13/09/2022 and the 14/11/2022. The offer is subject to change and can be withdrawn without notice at any time.
   
2. The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your Qualifying Account has an arranged overdraft, you will not pay any daily arranged overdraft interest for 3 months provided you stay within your arranged overdraft limit and do not increase or otherwise alter the arranged overdraft limit agreed.
3. After 3 months, or if you change your account, you will be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. Please see the Bank accounts and switching to us leaflet for full details on arranged overdraft interest. You will have been given this when you opened your account, but if you would like another one, please ask in branch or look at www.lloydsbank.com/current-accounts
4. Only one offer is available per customer. Joint accounts will only be eligible for one payment.
5. The offer will be paid directly into your account within 3 working days of your switch completing and will appear as a cash credit. 

[Deleted User]

Aidanmc said:

Deleted_User said:

Can't see anything about how long you have to keep it, would be pretty nice to only suck up a single monthly fee once the payment is made (depending on date) and then swap it out again  

The Club Loyds has a £3 monthly fee, but this is refunded if you deposit £1500 monthly.

After the incentive is paid, you can downgrade the Club loyds to Classic which has no fees.

Is it simple to do? I have the Nationwide one that has been paid which I might bounce out again and the bonus would be handy.

Aidanmc

Deleted_User said:

Aidanmc said:

Deleted_User said:

Can't see anything about how long you have to keep it, would be pretty nice to only suck up a single monthly fee once the payment is made (depending on date) and then swap it out again  

The Club Loyds has a £3 monthly fee, but this is refunded if you deposit £1500 monthly.

After the incentive is paid, you can downgrade the Club loyds to Classic which has no fees.

Is it simple to do? I have the Nationwide one that has been paid which I might bounce out again and the bonus would be handy.

If you already have a Lloyds current account, upgrade to Club Lloyds and switch in your Nationwide.

If you want to avoid £3 monthly fee, just deposit £1500 into the Club Lloyds, can be withdrawn straight away.

After you receive incentive, downgrade to Classic account with no fees.

Card/account number stays the same.

If you don't have a Lloyds current account already, open a Club Lloyds and follow same process.

Easy!

LottieLu

Went to switch to Club Lloyds Today from a recent switched Nationwide account but it won’t accept an expiry date for an old account with Sept 2027 . Needs to be Aug 2027 so I’ll need to wait till end of month for my card to be a month old