Club Lloyds Monthly Fee Waiver Minimum Deposit changing to £2,000

pridehappy

Yet again, another way of Lloyds Banking Group trying to make rewards only for high-value customers, and not everyday people. Luckily, my household has a good income although others who still provide good business to the group will now suffer. I believe Halifax has had this requirement for quite a while, however they offer nearly double the rewards.

ForumUser7

pridehappy said:

Yet again, another way of Lloyds Banking Group trying to make rewards only for high-value customers, and not everyday people. Luckily, my household has a good income although others who still provide good business to the group will now suffer. I believe Halifax has had this requirement for quite a while, however they offer nearly double the rewards.

I just move funds in and out on the 1st day of each month - they can even be done in 4x £500 for example - or 20x £100 etc.

WillPS

pridehappy said:

Yet again, another way of Lloyds Banking Group trying to make rewards only for high-value customers, and not everyday people. Luckily, my household has a good income although others who still provide good business to the group will now suffer. I believe Halifax has had this requirement for quite a while, however they offer nearly double the rewards.

You don't like LBG, I think we all get that.

Once again your argument is entirely bogus. Ignoring the fact it's a minimum *pay in* and not a minimum account balance or salary deposit, and as detailed above they are extremely unfussy about where the money comes from, so it's dead easy to jimmy - the alternative is simply paying £3/month. Given Disney+ costs £7.99 a month, that is far from a bad deal.

tizerbelle

Well, Lloyds are quick to pay the £150 switch bonus.

My switch hasn't completed yet, funds not been transferred over but the £150 was paid into my new Club Lloyds account yesterday!