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

Silvergambit1974

Dose anyone know if 3 direct debits from 30p direct debits will work for the switch offer they are now active 1x 30p and 2x 60p DD or will I need to find 3 different DD for higher amounts from 3 different places sorry but I am new to bank switching don’t no if there are rules about min amount or same company

PRAISETHESUN

Silvergambit1974 said:

Dose anyone know if 3 direct debits from 30p direct debits will work for the switch offer they are now active 1x 30p and 2x 60p DD or will I need to find 3 different DD for higher amounts from 3 different places sorry but I am new to bank switching don’t no if there are rules about min amount or same company

There's no requirement for them to be from different companies. As long as they appear as 3x separate DD mandates in your online banking then you're okay

crumpet_man

quicksilverfox said:

just curious how to set up a trading 212 DD? I have plum,moneybox and paypal but could be useful for another switch.

I do not think you can pay a direct debit from Trading 212.  Although the account has a sort code and account number, you must use your unique customer reference when depositing funds.  I do not think the account number is unique to each customer, which is why the customer reference must be used.

You can setup a recurring payment to top up your Trading 212 account, but not using direct debit.

quicksilverfox

crumpet_man said:

quicksilverfox said:

just curious how to set up a trading 212 DD? I have plum,moneybox and paypal but could be useful for another switch.

I do not think you can pay a direct debit from Trading 212.  Although the account has a sort code and account number, you must use your unique customer reference when depositing funds.  I do not think the account number is unique to each customer, which is why the customer reference must be used.

You can setup a recurring payment to top up your Trading 212 account, but not using direct debit.

I didn't think so either but the post before me mentioned they set one up hence my curiosity.

We3

I've never done these switches before. Is there a minimum amount for the direct debit? Also, is it ok if the account you switch is just a petty cash account with no salary going into it?

Bridlington1

We3 said:

I've never done these switches before. Is there a minimum amount for the direct debit?

The terms just state

Your switch must include the transfer of a minimum of 3 active direct debits from your old account being switched to Lloyd’s as part of the offer.

All that matters is that you've got 3 active DDs on your account, there's no minimum amount and they don't even need to've been paid out.

We3 said:

Also, is it ok if the account you switch is just a petty cash account with no salary going into it?

Yes that would be fine, so long as you can switch it to Lloyds using the CASS you could use it regardless of whether or not your salary goes into the account.

cazian

I have a query about the Lifestyle Benefits, which is part of the offer. If you switched to a Lloyds account and say opted for the 12months Disney+ option, but then decided you wanted to switch from Lloyds to another bank after 6 months, would you then lose Disney+ for that remaining 6 months, or would the Disney+ access still carry on for the full 12 months?

PRAISETHESUN

The lifestyle benefits get chosen annually and can't be changed mid-way through. Also, if you close or change your CL account before renewal then the current benefit gets revoked pretty much immediately, so you'd lose Disney+

Yorkshire_Pud

cazian said:

I have a query about the Lifestyle Benefits, which is part of the offer. If you switched to a Lloyds account and say opted for the 12months Disney+ option, but then decided you wanted to switch from Lloyds to another bank after 6 months, would you then lose Disney+ for that remaining 6 months, or would the Disney+ access still carry on for the full 12 months?

Whereas if you opted for the six cinema vouchers and happened to use them up asap they would all be gone before being revoked!

clivep

Yorkshire_Pud said:

cazian said:

I have a query about the Lifestyle Benefits, which is part of the offer. If you switched to a Lloyds account and say opted for the 12months Disney+ option, but then decided you wanted to switch from Lloyds to another bank after 6 months, would you then lose Disney+ for that remaining 6 months, or would the Disney+ access still carry on for the full 12 months?

Whereas if you opted for the six cinema vouchers and happened to use them up asap they would all be gone before being revoked!

... but if you hadn't used any then you'd lose the lot.