Lloyds under 19 account

hugoforum

Hello!
I have a Lloyds under 19s account. I am 18 next month and wandering what happens when I turn 18 as I believe this account is only up to age 17?! I’m really anxious as I get payed from my job a couple days after my birthday and worry that I might not get paid if that account can only be for under 18s. Please could someone advise me what the next steps are… Whether I should upgrade my account on my 18th birthday or whether it happens automatically? Do I get a new card and do my sort code and account number change if my account changes? Any advice would be appreciated as I don’t want my pay to get lost somewhere! 

Slinky

I take it you mean under 18s account, not under 19s?

With no actual knowledge of these accounts, it would make no sense at all for Lloyds to issue you with a new account number.  I'm guessing they may change the type of account or any special advantages they give you for having it, but I seriously doubt they will change the number. What useful purpose would that serve anybody. Do you have a local branch that's still open? I'd call in and ask, or pick up the phone otherwise.

pridehappy

Your Under 19s Account will automatically transfer over a classic account as soon as you turn 18. You’ll have the same sort code and account number so your account can be used as normal. You may receive a new debit card, although you should be alright to use your old one until your new one arrives.

You should receive some correspondence from Lloyds Bank soon explaining more about the process. You’re also now provided the opportunity to switch banks if you wish, so have a look around and see which you prefer! You might also be offered an overdraft.

xylophone

https://www.lloydsbank.com/current-accounts/all-accounts/under-19s-account.html

As this account is just for 11 - 17 year olds, we'll automatically move you to a Classic Account once you turn 18.

ForumUser7

hugoforum said:

Hello!
I have a Lloyds under 19s account. I am 18 next month and wandering what happens when I turn 18 as I believe this account is only up to age 17?! I’m really anxious as I get payed from my job a couple days after my birthday and worry that I might not get paid if that account can only be for under 18s. Please could someone advise me what the next steps are… Whether I should upgrade my account on my 18th birthday or whether it happens automatically? Do I get a new card and do my sort code and account number change if my account changes? Any advice would be appreciated as I don’t want my pay to get lost somewhere! 

I upgraded my Lloyds under 19s on my 18th birthday this year so cannot comment about the maturity as my upgrade occurred before I’d even received maturity information from them.

I can however comment on it for the Bank of Scotland under 19s which is under the same banking group. I received a letter in May stating effective 1st August my account would be a Bank of Scotland classic account.

Your account should continue with the same account number and sort code. You may automatically be issued a new card so keep an eye out in the app card management section and post. Your old card should still continue to function, usually for about a month, but it’ll be worth checking that subscriptions have switched over to the new card and updating them if not. Same with Amazon etc.

pridehappy said:

Your Under 19s Account will automatically transfer over a classic account as soon as you turn 18. You’ll have the same sort code and account number so your account can be used as normal. You may receive a new debit card, although you should be alright to use your old one until your new one arrives.

You should receive some correspondence from Lloyds Bank soon explaining more about the process. You’re also now provided the opportunity to switch banks if you wish, so have a look around and see which you prefer! You might also be offered an overdraft.

Not usually as soon as OP turns 18 - the bank states in the ts and cs that they will notify you at least 2 months before, and Lloyds didn’t notify me at all as I upgraded it on my birthday so they were not planning on doing it on the day. It’ll be before OP turns 19 - I don’t know if it’ll be a set date each year all accounts switch (like Barclays) or whether it is just a few months after the birthday.

OP would be best off not switching this account IMO if they’ve held it for a while - a long-standing account is supposedly good for the credit report.

Slinky said:

I take it you mean under 18s account, not under 19s?

With no actual knowledge of these accounts, it would make no sense at all for Lloyds to issue you with a new account number.  I'm guessing they may change the type of account or any special advantages they give you for having it, but I seriously doubt they will change the number. What useful purpose would that serve anybody. Do you have a local branch that's still open? I'd call in and ask, or pick up the phone otherwise.

It is under 19s although they don’t let you hold it for the whole of the year that you are 18. Same with Lloyds and TSB who also offer under 19s account.

The only number they would change is the debit card number if they issue a new card. The sort code and account number remain the same.

OP, you may wish to upgrade to club Lloyds if you can cycle around £2,000 to avoid the fee. This would give you access to their club Lloyds monthly saver at a high rate, and also a benefit like disney+ free of charge. Beware, if you don’t fulfil the criteria to have the fee waived, it is £3 per month.

Last but not least, Happy Birthday in advance to the OP 🎉