Lloyds switch offer £200 questions.

tracyyi

Lloyds bank switch offer is only available for 4 accounts (Lloyds Silver Account, Club Lloyds Silver Account, Lloyds Platinum Account, Club Lloyds Platinum Account)

However, I received my Lloyds bank switch offer in Nov 2022 for switching to Lloyds Club Current Account.

Am I still eligible for Lloyds bank switch offer to Lloyds Silver Account?

PRAISETHESUN

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

You are not eligible for the offer if:

• You switch to any account other than a Qualifying Account.
• You change your existing account to a Qualifying 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 Lloyds Bank.
• 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.

piker57

No, only people who earned an incentive prior to April 2020 qualify now, so there's no switch incentive available to you from Lloyds at this time.

pridehappy

In summary, sadly, no. You can’t have received a switching offer from them within a time period stated on the website, although there’s plenty of other banks offering switching offers which you most likely will be eligible for and also have better long-term products.

dllive

Hi

My circumstance: I already have a Lloyds Club account. I also have 4 current accounts at TSB, so Im planning on using one of them to switch into Lloyds.

A few questions:

- Being an existing Lloyds customer with a Club account, can I take part in the switching bonus, and use the Club Lloyds Silver Club account to switch into?

- Whats the process? Open a Club Lloyds Silver Club account, then switch one of my TSB accounts into it?
- Do I need to setup any Direct Debits or anything else?

- Can I close the Club Lloyds Silver Club account as soon as I get my £200? (I dont want to pay the £10pm fee)

- Does the Club Lloyds Silver Club account come with Lifestyle benefits? If it does, then I could choose one of the benefit options (probably the cinema tickets). That would be cherry on the cake. But perhaps not if Im closing it as soon as I get my £200(?)

Thanks

kaMelo

dllive said:

Hi

My circumstance: I already have a Lloyds Club account. I also have 4 current accounts at TSB, so Im planning on using one of them to switch into Lloyds.

A few questions:

- Being an existing Lloyds customer with a Club account, can I take part in the switching bonus, and use the Club Lloyds Silver Club account to switch into?   As long as you meet the terms, yes.

- Whats the process? Open a Club Lloyds Silver Club account, then switch one of my TSB accounts into it? Yes

- Do I need to setup any Direct Debits or anything else?  No

- Can I close the Club Lloyds Silver Club account as soon as I get my £200? (I dont want to pay the £10pm fee) Yes, or you can downgrade it to a non fee account.

- Does the Club Lloyds Silver Club account come with Lifestyle benefits? If it does, then I could choose one of the benefit options (probably the cinema tickets). That would be cherry on the cake. But perhaps not if Im closing it as soon as I get my £200(?)   Benefits here;
https://www.lloydsbank.com/current-accounts/all-accounts/club-silver-account.html

Thanks

Be aware that should you close or downgrade the Club Lloyds Silver account to a non Club account any benefits, such as cinema tickets you've already received, will be cancelled and cease to work.

overspender22

What if you’ve used some of them already? Do they charge you? And would you keep the club lloyds debit card or would the issue another standard card?

EarthBoy

overspender22 said:

What if you’ve used some of them already? Do they charge you? And would you keep the club lloyds debit card or would the issue another standard card?

They don't charge you for any cinema tickets that you've already used, but the unused ones would no longer be valid.

If they work the same way as Halifax, then they won't send you a replacement debit card until the old one expires.  I downgraded my Halifax Reward account to the ordinary Current account and they didn't send me an ordinary debit card until the Reward one expired.  It even still showed the Reward debit card in the app.  

pantaiema

I understand there is not any DDs requirement for switching incentive is that correct?
If you have upgraded Lloyds classics to become silver account  when is the best time to downgrade it to minimise the monthly fee while still be eligible to get the switching incentive?

PowerSavingMode

Is it too late to open a Starling or Monzo bank a/c today and open and initiate a switch to Lloyds to get this offer?

[Deleted User]

DJDools said:

Is it too late to open a Starling or Monzo bank a/c today and open and initiate a switch to Lloyds to get this offer?

What do the Lloyds website and the offer’s T&Cs (which I’m sure you’ve read) say?