Perhaps obvious - Club Lloyds switching questions

JonSalji

I am currently a Club Lloyds current account holder, fulfilling all the requirements to get the benefits (eg pay in amount, 2x direct debits, £5k in there for max interest). 

I am aware they have a switching promo on which allows switching into an existing account too. 

Am I missing anything - I can just switch one of my dormant non-Lloyds account into this and will be paid the bonus? 

Sorry if its obvious - just seems far too easy to me! Thank you 😊 

WillPS

So long as you meet the terms of the offer (i.e. you haven't had a switching bonus since April 2020 and you initiate the switch before November 14th ), yes.

LBG are very generous in their lack of any stipulations about DDs etc. It's a very easy incentive to earn once every 3 years or so, same for Halifax.

JonSalji

WillPS said:

So long as you meet the terms of the offer (i.e. you haven't had a switching bonus since April 2020 and you initiate the switch before November 14th ), yes.

LBG are very generous in their lack of any stipulations about DDs etc. It's a very easy incentive to earn once every 3 years or so, same for Halifax.

Thanks for this. Lloyds is my “original bank” that I have been with for years, so have never done a switch to them. 

Only started being aware of “switching” recently but didn’t think I would be eligible for one from Lloyds as I am already a customer. 

WillPS

JonSalji said:

WillPS said:

So long as you meet the terms of the offer (i.e. you haven't had a switching bonus since April 2020 and you initiate the switch before November 14th ), yes.

LBG are very generous in their lack of any stipulations about DDs etc. It's a very easy incentive to earn once every 3 years or so, same for Halifax.

Thanks for this. Lloyds is my “original bank” that I have been with for years, so have never done a switch to them. 

Only started being aware of “switching” recently but didn’t think I would be eligible for one from Lloyds as I am already a customer. 

No problem at all, happy to offer some reassurance.

Yep, LBG are very liberal when it comes to eligibility for their switching incentives. I've had 3 or 4 from Halifax over the years and 2 from Lloyds.

Easy money.