Lloyds £200 switch offer 2/10/24-10/12/24

malky39

Will the bonus payment be applicable to a joint application?

paul_liverpoolfc

Re the £2,000 a month pay in.

Can the £2,000 also come from a savings account to waive the £3 fee? 

Thanks. 

Bridlington1

paul_liverpoolfc said:

Re the £2,000 a month pay in.

Can the £2,000 also come from a savings account to waive the £3 fee? 

Thanks. 

Yes it can.

s71hj

My wife opened club lloyds 9th November and now has a Chase account set up with 3 dds ready to switch. Will she still get the incentive I'd we now request a switch or will it not count as a "new" account as already open?

PRAISETHESUN

malky39 said:

Will the bonus payment be applicable to a joint application?

Yes, but only 1 bonus will be payable. You're better off having each person open a sole account and doing their own switch, to grab an incentive each (ie. 2x £200)

paul_liverpoolfc said:

Re the £2,000 a month pay in.

Can the £2,000 also come from a savings account to waive the £3 fee? 

Thanks. 

Yes, it can come from anywhere, doesn't need to be salary. I pay the money in and out from another current account by standing order each month and it counts for the pay in requirement.

s71hj said:

My wife opened club lloyds 9th November and now has a Chase account set up with 3 dds ready to switch. Will she still get the incentive I'd we now request a switch or will it not count as a "new" account as already open?

I think you will be okay. There nothing in the terms to say you need to do the switch when you open the account, just that it needs to be a new CL account (ie. Didn't exist before the offer was announced). If they don't pay out for whatever reason, then I'd open a complaint.

s71hj

PRAISETHESUN said:

malky39 said:

Will the bonus payment be applicable to a joint application?

Yes, but only 1 bonus will be payable. You're better off having each person open a sole account and doing their own switch, to grab an incentive each (ie. 2x £200)

paul_liverpoolfc said:

Re the £2,000 a month pay in.

Can the £2,000 also come from a savings account to waive the £3 fee? 

Thanks. 

Yes, it can come from anywhere, doesn't need to be salary. I pay the money in and out from another current account by standing order each month and it counts for the pay in requirement.

s71hj said:

My wife opened club lloyds 9th November and now has a Chase account set up with 3 dds ready to switch. Will she still get the incentive I'd we now request a switch or will it not count as a "new" account as already open?

I think you will be okay. There nothing in the terms to say you need to do the switch when you open the account, just that it needs to be a new CL account (ie. Didn't exist before the offer was announced). If they don't pay out for whatever reason, then I'd open a complaint.

Great thanks. As I have until 10th December I'm waiting until the 30p directs debits dds have paid out of the Chase account once (they are currently "pending") in case that is an issue.

MakeVotesMatter

Few questions:

1) If I switch a second chase account, and then once it's switched deposit 2k from first chase account (so they don't charge £3 fee), could they argue I haven't closed my main account and deny bonus?

2) Might they get suspicious if my direct debit reference's say something like TINYDD?

Bridlington1

MakeVotesMatter said:

Few questions:

1) If I switch a second chase account, and then once it's switched deposit 2k from first chase account (so they don't charge £3 fee), could they argue I haven't closed my main account and deny bonus?

2) Might they get suspicious if my direct debit reference's say something like TINYDD?

1. They haven't defined a main account so it's a bit of a meaningless term and this has never been an issue when I've switched accounts before.

2. If you've met the terms of the offer it doesn't matter which DDs you've got, so long as you have 3 active DDs it doesn't matter what the reference is.

MrFrugalFever

tomxlisa said:

MrFrugalFever said:

My £200 switch offer was paid in to my Lloyds Club account prior to the switch officially completing so all good and so far quite happy with App/Reg Saver etc.

I used the 50p Direct Debit website to satisfy the 3 x DD's required and have now subsequently cancelled them.

Are you not gonna make another move for some more bonuses or are you happy with lloyd’s, I’m thinking about natwest next as I’m still in the process of doing nationwide and then gonna switch to lloyd’s, but I quite like the app with lloyd’s very similar to halifax which I use as my main account so that’s probably why I like it so much, so I may stick with lloyd’s once I switch in. 

I don't want to lose the regular saver with Lloyds as that is a good deal at the moment. I had considered opening a second lloyds current account and switching that in to my Natwest Rewards account to get the £180 switch incentive but haven't yet.

PRAISETHESUN

MrFrugalFever said:

tomxlisa said:

MrFrugalFever said:

My £200 switch offer was paid in to my Lloyds Club account prior to the switch officially completing so all good and so far quite happy with App/Reg Saver etc.

I used the 50p Direct Debit website to satisfy the 3 x DD's required and have now subsequently cancelled them.

Are you not gonna make another move for some more bonuses or are you happy with lloyd’s, I’m thinking about natwest next as I’m still in the process of doing nationwide and then gonna switch to lloyd’s, but I quite like the app with lloyd’s very similar to halifax which I use as my main account so that’s probably why I like it so much, so I may stick with lloyd’s once I switch in. 

I don't want to lose the regular saver with Lloyds as that is a good deal at the moment. I had considered opening a second lloyds current account and switching that in to my Natwest Rewards account to get the £180 switch incentive but haven't yet.

If you chose to downgrade your existing CL current account to a Classic account to then open a second CL current account for the switch offer (which you'd need to do as you can't hold 2x CL accounts at the same time), then your existing CL reg saver will be unaffected. The only requirement is to hold a CL account at the point in time when you open the saver, not throughout the lifetime of the account.