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Lloyds Bank Switch Is Back - £150

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Comments

  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 21 June 2023 at 11:04AM
    Recently opened a Club Lloyds account to take advantage of the 2 monthly savers. I switched my Ulster Bank to them as I don’t use it, but didn’t expect to get the £150 switch incentive as I received  £175 switch incentive from Halufax in March. The switch took place on Monday and yesterday I received the £150 switch incentive. 😂
    I already have Club Lloyds, I tried to open a new Club Lloyds, to take advantage of this new offer they did not allow me. How did yo open a new Club Lloyds Account ?
  • Stargunner
    Stargunner Posts: 1,094 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    adindas said:
    Recently opened a Club Lloyds account to take advantage of the 2 monthly savers. I switched my Ulster Bank to them as I don’t use it, but didn’t expect to get the £150 switch incentive as I received  £175 switch incentive from Halufax in March. The switch took place on Monday and yesterday I received the £150 switch incentive. 😂
    I already have Club Lloyds, I tried to open a new Club Lloyds, to take advantage of this new offer they did not allow me. How did yo open a new Club Lloyds Account ?
    I just applied online. I didn’t already have a Club Lloyds account so I just have one of them.
  • Has anyone else come across this issue? - I completed my switch from a Monzo account to Lloyds with no issue but my mum and dad have both tried it aswell and its failed for some reason? My mums switch was accepted at sign up but she got a text the next day saying that it couldnt be completed.  My dad got as far as putting in his monzo details for the switch during the lloyds sign up but then it failed saying that the account couldnt be switched.  Very strange.  For background although I dont know if it matters or not they are at the same address and are both recently retired.
  • pridehappy
    pridehappy Posts: 340 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    £150 is much less than the other banks, and with the shocking customer service I’ve reviewed from Lloyds Bank and the speed of procedures, probably still waiting in a year for the incentive to reach your account!
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 25 June 2023 at 12:55PM
    £150 is much less than the other banks, and with the shocking customer service I’ve reviewed from Lloyds Bank and the speed of procedures, probably still waiting in a year for the incentive to reach your account!
    I am not quite sure about this. My personal experience in the previous incentive the incentive get paid in less than a week  qualifying for the incentive.
    I tried to opened the second Club Lloyds wanted to benefit from the newest offer, it did not get opened. But TBF it is not their fault, so I just moved on.
    Their customer services and online banking is good based on my personal experience a few times dealing with them. But that was my personal experience other people experience might be different.
  • Stargunner
    Stargunner Posts: 1,094 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    £150 is much less than the other banks, and with the shocking customer service I’ve reviewed from Lloyds Bank and the speed of procedures, probably still waiting in a year for the incentive to reach your account!
    At least they offer a switch incentive, unlike some banks. I applied for an account earlier this month and everything including opening 2 regular savers and receiving the £150 switch incentive was completed within 10 days. Nothing slow with that speed of procedure and customer service is not important to me as I virtually never have to contact banks.
  • WillPS
    WillPS Posts: 5,503 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    edited 26 June 2023 at 12:45PM
    £150 is much less than the other banks, and with the shocking customer service I’ve reviewed from Lloyds Bank and the speed of procedures, probably still waiting in a year for the incentive to reach your account!

    LBG normally are the very fastest of payers, often not even waiting until the switch has completed to payout!
    Between Halifax/Lloyds my fiancée and I get £30, 2 magazine subs and Disney+, and 2 x 6+% regular savers - all in exchange for 10 mins total effort per month, and £150ish every 3ish years on a switching incentive.
    Their CS has always been great whenever I've had to use them recently.
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