Caught out by club Lloyd

P3

When did club Lloyd increase pay in to £2k. I got caught out and paid £3 fee

ForumUser7

P3 said:

When did club Lloyd increase pay in to £2k. I got caught out and paid £3 fee

April 1st IIRC - not kidding

RG2015

Yes, it was effective 1st April 2023.

I received an email on 26th January directing me to a message within Lloyds online banking. I have just accessed it now and the salient paragraph is as follows.


We’re making some changes to your Club Lloyds Account and you can read more about them below, including when they’ll be coming into effect. You’ll be able to find a copy of the updated terms and conditions by asking in branch or visiting lloydsbank.com/currentaccounts from 1 April 2023. You’ll need to pay in at least £2,000 each month to get your Club Lloyds account fee waived At the moment, to get your £3 monthly maintaining the account fee waived you need to pay in at least £1,500 a month. From 1 April 2023 this will increase and you'll need to pay in at least £2,000.


As it happens though, I first read about it on this forum.

where_are_we

I feel for you P3. There is so much going on in these forums and so much information being put out that it is easy to miss what is important to yourself. One thing I have learned is to act immediately on new information (back at the end of January as soon as I saw the change in T&C`s I set up an extra monthly set of SO`s in February for £500 in/out from my hub account to go with the 3 monthly sets of £500 in/out I already had running).

The good news is that having the Club Lloyd current account you can benefit from the Club Lloyds monthly saver @6.25% and the Lloyds Monthly Saver @5.25% both with penalty free withdrawals and also the new Disney+ Lifestyle reward once your lifestyle comes up for renewal.

P3

You win some you lose some. 

I was lucky to get £100 from nationwide. Didn't think I qualify. No email as not registered. Then letter via post.

 I had over 2k pay in in April, no charge in may. Only pay in 1.6k in may so £3 charge for June. Have make a note and pay over 2k in June so all is good going forward. 

Im suprise no one make a subject heading post saying the pay in has increase.

Yes I have all the RS. 

RG2015

P3 said:

You win some you lose some. 

I was lucky to get £100 from nationwide. Didn't think I qualify. No email as not registered. Then letter via post.

 I had over 2k pay in in April, no charge in may. Only pay in 1.6k in may so £3 charge for June. Have make a note and pay over 2k in June so all is good going forward. 

Im suprise no one make a subject heading post saying the pay in has increase.

Yes I have all the RS. 

It was a subject heading.

https://forums.moneysavingexpert.com/discussion/6416001/club-lloyds-monthly-fee-waiver-minimum-deposit-changing-to-2-000/p1

boingy

I opened a Lloyds Silver account towards the end of Jan and they managed to charge me £1.03 for a partial month before I could even login to the account so I was greeted with a tiny unauthorised overdraft when I finally got the login details! Not the most friendly welcome for a new customer.