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

tomthered

Can I ask if I just pay in £2000 every month for a few months does this count for the switch?

PRAISETHESUN

tomthered said:

Can I ask if I just pay in £2000 every month for a few months does this count for the switch?

There's no monthly deposit required for the actual £200 switch incentive, only the 3x DDs are actually required. Rather the monthly pay in is needed to avoid the £3 monthly fee for the CL account. It needs to be paid in each month you hold the CL account, not just "for a few months" as you say.

Easiest way long-term would be to wait until the £200 incentive is paid and then either downgrade to a fee-free Classic account, or close the account entirely.

tomxlisa

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.

Yeah my switch to nationwide happens today so just gotta wait until the bonus is paid and then I’m off to lloyds as already have opened a new account so that’s waiting for me to switch into from nationwide, then I’ll possibly go to natwest, I do like the lloyds app etc but I’ve got halifax which is pretty similar app wise, not sure they do the same products though. 

sco22y

Hi, just getting into this switching game. Up until recently I had the same old current account with Halifax for over 30 years but hardly ever used it as I tended to use my join account. I set up three dd's (£1 each). I then waited until money had been taken from all three before then switching to Nationwide (only 2 dd needed for this). It was really easy and got the £175 quite quickly.

After this I applied for the Lloyd's switch from Nationwide. Here is where my drama is.

My switch is scheduled for Friday 29th November but, although I have 3 active dd's on my Nationwide account, only 2 has had money taken so far from my Nationwide account (3rd one due 8th Dec).

My question is, will I qualify for the switch offer under these circumstances.

On hingsight, I should have chosen a switch date after the 8th December to be in the safe side. I've been thinking of trying to add another quick dd from now until Friday just incase. I have paypal and was thinking of trying to set up a dd to myself. 

tomthered

Can I check that if I have three cheap direct debits set up, but not yet taken from my donor bank account., would it still count?  They are showing as "Not debited Yet" and I just wanted to check should I wait until a payment is taken?

WillPS

sco22y said:

Hi, just getting into this switching game. Up until recently I had the same old current account with Halifax for over 30 years but hardly ever used it as I tended to use my join account. I set up three dd's (£1 each). I then waited until money had been taken from all three before then switching to Nationwide (only 2 dd needed for this). It was really easy and got the £175 quite quickly.

After this I applied for the Lloyd's switch from Nationwide. Here is where my drama is.

My switch is scheduled for Friday 29th November but, although I have 3 active dd's on my Nationwide account, only 2 has had money taken so far from my Nationwide account (3rd one due 8th Dec).

My question is, will I qualify for the switch offer under these circumstances.

On hingsight, I should have chosen a switch date after the 8th December to be in the safe side. I've been thinking of trying to add another quick dd from now until Friday just incase. I have paypal and was thinking of trying to set up a dd to myself. 

It'll likely be fine - there's no stated requirement for the DDs to already have been drawn previously, just be 'active'. The problem is that proving there was an active DD is far easier if you can point to a transaction on a statement from the old account; but this is only an issue if something goes wrong.

It's impossible to get any DD, leave alone a brand new one to draw in the timescales you're asking for. It takes a week minimum.

Don't stress about it, I'd be very surprised if you had issues and in the worst case Lloyds don't exclude existing customers; you can always try again.

WillPS

tomthered said:

Can I check that if I have three cheap direct debits set up, but not yet taken from my donor bank account., would it still count?  They are showing as "Not debited Yet" and I just wanted to check should I wait until a payment is taken?

See post above. There is no requirement for the DDs to have drawn, they just need to be 'active'. My advice is always to get them to draw first so you can having something to point to (based on one experience where I nearly missed out because a receiving bank claimed a DD wasn't there, but even then I still got the bonus).

paul_liverpoolfc

Got access to the app now. 

Am I right in thinking I can move money across from my Santander account and open a savings account ahead of the switch?

Thanks. 

sco22y

WillPS said:

sco22y said:

Hi, just getting into this switching game. Up until recently I had the same old current account with Halifax for over 30 years but hardly ever used it as I tended to use my join account. I set up three dd's (£1 each). I then waited until money had been taken from all three before then switching to Nationwide (only 2 dd needed for this). It was really easy and got the £175 quite quickly.

After this I applied for the Lloyd's switch from Nationwide. Here is where my drama is.

My switch is scheduled for Friday 29th November but, although I have 3 active dd's on my Nationwide account, only 2 has had money taken so far from my Nationwide account (3rd one due 8th Dec).

My question is, will I qualify for the switch offer under these circumstances.

On hingsight, I should have chosen a switch date after the 8th December to be in the safe side. I've been thinking of trying to add another quick dd from now until Friday just incase. I have paypal and was thinking of trying to set up a dd to myself. 

It'll likely be fine - there's no stated requirement for the DDs to already have been drawn previously, just be 'active'. The problem is that proving there was an active DD is far easier if you can point to a transaction on a statement from the old account; but this is only an issue if something goes wrong.

It's impossible to get any DD, leave alone a brand new one to draw in the timescales you're asking for. It takes a week minimum.

Don't stress about it, I'd be very surprised if you had issues and in the worst case Lloyds don't exclude existing customers; you can always try again.

You ain't going to believe this. I checked my Lloyds app today and the £200 went in today and the switch isn't until Friday. Crazy! Thanks for the reply regardless. 

WillPS

sco22y said:

WillPS said:

sco22y said:

Hi, just getting into this switching game. Up until recently I had the same old current account with Halifax for over 30 years but hardly ever used it as I tended to use my join account. I set up three dd's (£1 each). I then waited until money had been taken from all three before then switching to Nationwide (only 2 dd needed for this). It was really easy and got the £175 quite quickly.

After this I applied for the Lloyd's switch from Nationwide. Here is where my drama is.

My switch is scheduled for Friday 29th November but, although I have 3 active dd's on my Nationwide account, only 2 has had money taken so far from my Nationwide account (3rd one due 8th Dec).

My question is, will I qualify for the switch offer under these circumstances.

On hingsight, I should have chosen a switch date after the 8th December to be in the safe side. I've been thinking of trying to add another quick dd from now until Friday just incase. I have paypal and was thinking of trying to set up a dd to myself. 

It'll likely be fine - there's no stated requirement for the DDs to already have been drawn previously, just be 'active'. The problem is that proving there was an active DD is far easier if you can point to a transaction on a statement from the old account; but this is only an issue if something goes wrong.

It's impossible to get any DD, leave alone a brand new one to draw in the timescales you're asking for. It takes a week minimum.

Don't stress about it, I'd be very surprised if you had issues and in the worst case Lloyds don't exclude existing customers; you can always try again.

You ain't going to believe this. I checked my Lloyds app today and the £200 went in today and the switch isn't until Friday. Crazy! Thanks for the reply regardless. 

Well that's certainly a good sign it'll work out  

LBG are very prompt indeed