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

AmityNeon

Slinky said:

AmityNeon said:

infoadict said:

Do internal transfers between Club Lloyds accounts count? I have 2 - a sole and a joint. Currently I pay the £1,500 individually.

Yes they do. The same also applies to Halifax and Bank of Scotland.

Is that also the case for Santander 123 and their Edge account do you know please?

Santander Edge Key Facts Document:

"The £500 minimum monthly payment does not include refunded amounts from your Santander Debit card or amounts transferred into the account from another Santander account in your name (including any joint accounts). Transfers in from a Santander Business Account do count towards the minimum £500 payment".

Slinky

Thanks, will circulate from elsewhere.

jblore

Presumably the Lloyds fee (for those who don't move more money around) will come in in May then? If the extra pay-in to £2k comes in in April. Club Lloyds fee happens on 2nd working day of the month usually so 2nd May. 

That might be badly phrased, essentially I want to be sure that I need to up payment in April, and not March. 

Hattie627

jblore said:

Presumably the Lloyds fee (for those who don't move more money around) will come in in May then? If the extra pay-in to £2k comes in in April. Club Lloyds fee happens on 2nd working day of the month usually so 2nd May. 

That might be badly phrased, essentially I want to be sure that I need to up payment in April, and not March. 

Think I will up the payment in March just to be on the safe side.

dul50n

Does anybody have any idea why Lloyds sent me a letter today saying that I can continue to pay in a reduced amount of £500 to get my £3 maintaining the account fee waived, but if my eligibility changes after 1st April I will need to pay in £2,000 per month?

What is the eligibility criteria that allows me to pay in £500 in the first place I've been paying in £1,500 per month for years and I've gone back through my inbox and I can't find any letter telling me I'm eligible to pay in a reduced amount of £500?

Completely baffled, but I really can't be bothered trying to get any sense out of customer services, that way lies madness

flaneurs_lobster

dul50n said:

Does anybody have any idea why Lloyds sent me a letter today saying that I can continue to pay in a reduced amount of £500 to get my £3 maintaining the account fee waived, but if my eligibility changes after 1st April I will need to pay in £2,000 per month?

What is the eligibility criteria that allows me to pay in £500 in the first place I've been paying in £1,500 per month for years and I've gone back through my inbox and I can't find any letter telling me I'm eligible to pay in a reduced amount of £500?

Completely baffled, but I really can't be bothered trying to get any sense out of customer services, that way lies madness

And you just know that if you were daft enough to actually reduce your payment to £500 you would be hit with that £3 charge at the first available moment.

CuriousGirl

dul50n said:

Does anybody have any idea why Lloyds sent me a letter today saying that I can continue to pay in a reduced amount of £500 to get my £3 maintaining the account fee waived, but if my eligibility changes after 1st April I will need to pay in £2,000 per month?

What is the eligibility criteria that allows me to pay in £500 in the first place I've been paying in £1,500 per month for years and I've gone back through my inbox and I can't find any letter telling me I'm eligible to pay in a reduced amount of £500?

Completely baffled, but I really can't be bothered trying to get any sense out of customer services, that way lies madness

Have you ever worked for LBG? I received an identical letter yesterday but it did not surprise me. Many years ago I used to be a LBG employee and as a staff member along with their benefits I was allowed a reduced amount of £500 for Club Lloyds ( back then it required a monthly payment of £1k to avoid the fee). 
 
After leaving my employment I went in to a nearest branch and spoke to them to ensure no staff benefits was carried forward.  They checked and told me that a staff flag had been removed.  But I guess it was not the case for the Club Lloyds account. 







 

rich_S2000

Sorry, a bit new to this so apologies if this is a dumb question. I too have received notification that the minimum amount paid into my Lloyds Classic account to avoid the £3 monthly fee will increase from £1500 to £2000. As my total income paid in is more than £1500 but less than £2000, I now face the prospect of having to pay the monthly fee......unless.....Does Lloyds exclude money paid out of the Classic account to another account and then paid back in? I have a Halifax account that might mean I could juggle payments between them. Advice please.

GTR_King

If you transfer money out to any bank (Halifax included) that will work & count to the £2000

UKSBD

rich_S2000 said:

Sorry, a bit new to this so apologies if this is a dumb question. I too have received notification that the minimum amount paid into my Lloyds Classic account to avoid the £3 monthly fee will increase from £1500 to £2000. As my total income paid in is more than £1500 but less than £2000, I now face the prospect of having to pay the monthly fee......unless.....Does Lloyds exclude money paid out of the Classic account to another account and then paid back in? I have a Halifax account that might mean I could juggle payments between them. Advice please.

Yes, you can juggle money about, but it cant be a transfer from a Lloyds account

I imagine a lot of people will be in a similar situation and wont really know what to do or because it's only £3.00 wont even bother doing anything.

Lloyds hitting the low paid and nice little bonus for Lloyds