Lloyds £175 switching offer, 19/9/23 to 14/11/23

EarthBoy

Full details here:

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

PRAISETHESUN

• £175 switching offer terms and conditions

  To qualify for the £175 switching offer (“the offer”) you must switch to a new Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. The following conditions apply:

  • Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to a new Club Lloyds Account (£3 monthly maintaining the account fees apply), new Club Lloyds Platinum Account (£21 and £3 monthly maintaining the account fees apply) or new Club Lloyds Silver Account (£10 and £3 monthly maintaining the account fees apply) (‘Qualifying Account’). The ‘Current Account Switch Service’ will close your old account with the other bank; and
  • Start your switch from your old bank account using the ‘Current Account Switch Service’ to a Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account between 19/09/2023 and 14/11/2023.

  You can’t take part in the offer if:

  • You switch to any account other than Club Lloyds Account, Club Lloyds Platinum Account, or Club Lloyds Silver Account.
  • You switch to any existing Lloyds account.
  • You change your existing Lloyds Bank Current Account to a Club Lloyds Account, Club Lloyds Silver or Club Lloyds Platinum Account and switch to that account.
  • You’ve received a switching offer since April 2020 for switching to any Lloyds or Halifax Bank account.
  • You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020.
  • The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk
  • You are an employee of Lloyds Banking Group, or if an employee is on any bank account held in joint names.

   

  • The offer applies to applications received in branch, online or by phone from 19/09/2023 and 14/11/2023. The offer is subject to change and can be withdrawn without notice at any time.
  • The offer does not automatically guarantee an arranged overdraft and any application for an arranged overdraft facility will be subject to status. If your Qualifying Account has an arranged overdraft, you won’t pay any daily arranged overdraft interest for 3 months provided you stay within your arranged overdraft limit and do not increase or otherwise change the arranged overdraft limit agreed.
  • After 3 months, or if you change your account, you’ll be charged daily arranged overdraft interest applicable to the account you hold if you use your arranged overdraft. Please see the Bank accounts and switching to us leaflet for full details on arranged overdraft interest. You’ll have been given this when you opened your account, but if you would like another one, please ask in branch or look at https://www.lloydsbank.com/current-accounts
  • Only one offer is available per customer. Joint accounts will only be paid one payment.
  • The offer will be paid directly into your account within three working days of your switch completing and will appear as a cash credit.

worriednoob

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

DJSINGH

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

worriednoob

DJSINGH said:

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

DJSINGH said:

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

If they've made it very clear, then not sure if it's worth the hassle.  The risk is that I could switch to Lloyds, creating another credit check and also having to pay the £3 a month fee too and get naff-all.

DJSINGH

worriednoob said:

DJSINGH said:

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

DJSINGH said:

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

If they've made it very clear, then not sure if it's worth the hassle.  The risk is that I could switch to Lloyds, creating another credit check and also having to pay the £3 a month fee too and get naff-all.

Rbs group make it clear but everyone got £200 x3. Also club lloyds fee is waived if you just transfer money in and out. I dont pay any fee. Credit check means nothing much in reality

Volcane

Has anybody any actual experience of receiving the bonus in past offers when they shouldn’t have qualified ?

Bridlington1

Volcane said:

Has anybody any actual experience of receiving the bonus in past offers when they shouldn’t have qualified ?

Not from LBG but I did get £175 from First Direct despite my having opened 2 HSBC current accounts since 2020. I was also able to accidentally get each £200 from Ulster and Natwest as part of their recent switching offer despite having received £150 from RBS last year.

flaneurs_lobster

Volcane said:

Has anybody any actual experience of receiving the bonus in past offers when they shouldn’t have qualified ?

Quite the opposite. Did a second swap to Lloyds earlier this year having received a bonus last year.

Received a very polite letter informing me exactly why I was not getting a second bonus.

It's interesting because no one ever actually applies for a bonus (with any bank), there's never an explicit check box or clause to agree to as part of the account opening/swapping process. 

Lloyds definitely had my number.

PRAISETHESUN

Volcane said:

Has anybody any actual experience of receiving the bonus in past offers when they shouldn’t have qualified ?

There were reports for the last Halifax offer that people were paid out the incentive despite having previously taken advantage of a Lloyds incentive in the relevant period. I'm fairly sure that was the first LBG incentive that had conditions for both Lloyds and Halifax, so perhaps the checks aren't quite as good as they need to be.

worriednoob said:

DJSINGH said:

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

DJSINGH said:

worriednoob said:

Really disappointed as I was looking to switch from Ulster to Lloyds, but I've only recently switched to Halifax, andLloyds have made it clear in their T&C that if we've already received a switch offer from Halifax, we won't get it with Lloyds.

Still worth trying based on experience..

If they've made it very clear, then not sure if it's worth the hassle.  The risk is that I could switch to Lloyds, creating another credit check and also having to pay the £3 a month fee too and get naff-all.

Personally I'm giving it a go - I'm existing Lloyds customer so opening a second current account doesn't create another hard credit check. Also very easy to get around the £3/month fee for CL accounts.

Banksy_2

Both myself and Mrs B have both gained switch bonuses from Lloyds & Halifax all within the last 4 months. That coupled with both bonuses from both HSBC/FD it's turned out very nicely indeed so far.

Currently aiming for the NWG hat trick and in the latter stages of the switch process with them.

Well worth a shot I'd say!