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Lloyds Bank £175 switching offer 28th May 2024

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  • PRAISETHESUN
    PRAISETHESUN Posts: 4,895 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    goatfaced said:
    Anyone know how long the 2000 has to stay in the account for before being transferred out?

    There's no minimum time required. You can pay in and then immediately pay it out again if you wish.
  • goatfaced
    goatfaced Posts: 327 Forumite
    Fifth Anniversary 100 Posts Name Dropper Photogenic
    Thanks. I recall one of the recent switches stipulated it had to be in for 24 hours, and hoped it wouldn't be the case for this. I lent my son money for this month but in future he will be doing a few transactions himself which will be easier if he can get it all done in the same day 👍
  • Nasqueron
    Nasqueron Posts: 10,761 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    goatfaced said:
    Anyone know how long the 2000 has to stay in the account for before being transferred out?
    What do the terms of the switch say?

    Typically it just needs to be moved in and can then go out again but always read the terms rather than going by what strangers on the internet tell you

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • goatfaced
    goatfaced Posts: 327 Forumite
    Fifth Anniversary 100 Posts Name Dropper Photogenic
    The terms didn't specify so I just wanted to check with the seasoned bank switchers if anyone had any experience of the fee not being waived.
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