Lloyds Bank Switch Is Back - £150

adamp87

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

Get £150 in 10 working days when you switch to a new Club Lloyds, Club Lloyds Silver or Club Platinum account, just transfer and close your existing current account held at another bank using the Current Account Switch Service.

Qualifying accounts

• Club Lloyds Account
  (£3 monthly fee to maintain the account that’s waived each month you put in at least £2,000)
• Club Lloyds Silver Account
  (£10 monthly fee to maintain the account. Plus Club Lloyds £3 monthly fee to maintain the account that’s waived each month you put in at least £2,000)
• Club Lloyds Platinum Account
  (£21 monthly fee to maintain the account. Plus Club Lloyds £3 monthly fee to maintain the account that’s waived each month you put in at least £2,000)

You wont qualify for the offer if:

• You are switching to any other Lloyds Bank current account that isn’t named above.
• You switch into an existing account.
• You’ve received cash back for switching to Lloyds Bank or Halifax Bank since April 2020.
• You start your switch after 17 July 2023.

moneyworrier2021

Just after I opened an account with them for the free Disney+. Typical

Ed-1

adamp87 said:

You wont qualify for the offer if:

• You’ve received cash back for switching to Lloyds Bank or Halifax Bank since April 2020.

This bit's interesting. They've not done a blanket LBG-wide exclusion before.

ForumUser7

"You can have a maximum of one account with Club Lloyds benefits (either a Club Lloyds Account or an Added Value Account with Club Lloyds) in your sole name and one in joint names. No more than two customers can hold a Club Lloyds Account jointly or add Club Lloyds to their account."

Does this clause in their personal banking ts and cs mean that if you already hold a Club Lloyds account (3ppm), you should not open a new Club Lloyds platinum or silver for this offer to hold at the same time and then close/downgrade?

I may give this one a miss - I already hold a standard CL account and haven't yet received my activation codes for my lifestyle benefit etc. What's more, my two remaining donor accounts are with LBG...

WillPS

Ed-1 said:

adamp87 said:

You wont qualify for the offer if:

• You’ve received cash back for switching to Lloyds Bank or Halifax Bank since April 2020.

This bit's interesting. They've not done a blanket LBG-wide exclusion before.

Indeed, annoying (but somewhat understandable) development.

GTR_King

Annoying I had switch offer October 2020 so no good to me

bgr62

Glad I managed to qualify for the £200 back in January with the new Halifax exclusion! 

piker57

Me too bgr62. However my better half missed out & this looks like she’s excluded having received an incentive from Halifax last year. I presume this is a new condition? Does anyone know how on the ball they are across brands?

eskbanker

piker57 said:

I presume this is a new condition? Does anyone know how on the ball they are across brands?

If the first time they've introduced a cross-brand condition was yesterday (as reported above), it'll be a bit early for anyone to have completed the two-week qualifying period for the offer yet!

Ed-1

piker57 said:

Me too bgr62. However my better half missed out & this looks like she’s excluded having received an incentive from Halifax last year. I presume this is a new condition? Does anyone know how on the ball they are across brands?

I seem to recall that Lloyds initially denied a poster on here's incentive for the £200 offer because they had received an incentive from Halifax, despite no such exclusion being in the terms of that offer. They eventually got it paid.

Edit: it was the Halifax incentive that was rejected on the basis of a previous switch bonus from Lloyds...

TheElectricCow

This might have been more useful for the previous switch offer (where the silver account was the cheapest qualifying one), but one point to note is it is possible to avoid paying any of the fees if you switch away/close the account within the same month you open it.