Can I switch to lloyd silver if I have a lloyds basic for the £200

Greg89

I am on Halifax and thinking of switching to the lloyds silver account.

However I have lyolds basic account too and would this mean I do not get the £200 for switching? All my DD are in Halifax 

flaneurs_lobster

Yes you can switch and get the bonus.

Read the Lloyd's page about it here https://www.lloydsbank.com/current-accounts/switch.html

Greg89

Thanks, I thought I wasn't eligible since I've got a lloyds basic account

k_man

Greg89 said:

Thanks, I thought I wasn't eligible since I've got a lyolds basic account

Sorry, can't watch quietly anymore 😁

It is Lloyds

Greg89

Thanks.

I'll eligible to apply while already having a basic account.

What happens to the savings in the Halifax account and savings account? They get transferred over?

EarthBoy

Greg89 said:

Thanks.

I'll eligible to apply while already having a basic account.

What happens to the savings in the Halifax account and savings account? They get transferred over?

No. Only your current account is switched. Savings accounts stay where they are.

Middle_of_the_Road

EarthBoy said:

Greg89 said:

Thanks.

I'll eligible to apply while already having a basic account.

What happens to the savings in the Halifax account and savings account? They get transferred over?

No. Only your current account is switched. Savings accounts stay where they are.

When I switched my Lloyds account to Nationwide, it left me with no online banking access to the regular saver. I opened another Lloyds current account to regain access.

If the Halifax system is the same, I would either open another basic current account before switching, or close the savings accounts first.

PRAISETHESUN

To be clear, you need to do a few things:

1) Upgrade your Lloyds basic account to one of the eligible Lloyds currents accounts (Silver/Platinum). Be aware these accounts have a substantial monthly fee. Also keep in mind that depending on the reason why you hold a basic current account, Lloyds may not let you upgrade. If you can't upgrade, then any switch WILL NOT result in being paid the £200 incentive.

2) Once you have upgraded, you then need to switch in an external account using the Current Account Switch Service (CASS). Your replies suggest you are unfamiliar with how it works, so I'd suggest familiarising yourself: https://www.currentaccountswitch.co.uk/

This will close your Halifax current account, but your other financial products will remain unchanged. Halifaxay restrict access, or close them if they require you to concurrently hold a current account - you'd need to separately check the terms of the savings account(s) you hold.

3) Optional, but highly recommended - once paid the incentive, downgrade your Lloyds account to a fee-free Classic current account.

Greg89

My DD are in Halifax.

So Halifax current account to lloyds with holding a lyolds basic account.

Will the money in the Halifax switch to club silver lloyds?

flaneurs_lobster

Greg89 said:

My DD are in Halifax.

So Halifax current account to lyolds with holding a lyolds basic account.

Will the money in the Halifax switch to club silver lyolds?

Please go back and read @PRAISETHESUN 's post slowly. Then read the guide to switching that they have linked to. Ask questions if any part of the process is not clear.

And please spell Lloyds correctly. 

Greg89

I was informed since Halifax is part of the Lloyds group I am not eligible for the £200 incentive.