Bank switch - Lloyds

designeditdesignedit

I have a longstanding current account with lloyds which  wouldne ever close or switch from, theres too much going on with it, and a useful overdraft. I also have a current account with another bank which i dont use but intend to set up  a few low value direct debits for switch purposes. . When/if the lloyds switches come round again, would they allow me to open another current account and pay the switch money or cant it be done if  i already ahve an account with them?

Thanks

MikeJXE

It depends whether the terms are new customers only or existing customers too 

I am with Santander and was paid £200 when I switched another bank into it. 

grumpy_codger

designeditdesignedit said:

When/if the lloyds switches come round again, would they allow me to open another current account and pay the switch money or cant it be done if  i already ahve an account with them?

Nobody can predict the future, but it was easy to check that their last offer was   "Available to new and existing customers who open and switch into a new Club Lloyds account, Club Lloyds Platinum account, or Club Lloyds Silver account"

blue_eyes

@designeditdesignedit £175 offer starts tomorrow, includes existing as long as you switch into a new club account not your existing account  - read the terms carefully of course. And you've probably got til end of March.

FLAMPARD

Last offer was April 2020 cut off for people who had received the offer before 

grumpy_codger

FLAMPARD said:

Last offer was April 2020 cut off for people who had received the offer before 

So is the new one.

PRAISETHESUN

designeditdesignedit said:

I have a longstanding current account with lloyds which  wouldne ever close or switch from, theres too much going on with it, and a useful overdraft. I also have a current account with another bank which i dont use but intend to set up  a few low value direct debits for switch purposes. . When/if the lloyds switches come round again, would they allow me to open another current account and pay the switch money or cant it be done if  i already ahve an account with them?

Thanks

Each offer is usually slightly different so we can't really say for certain, but based on past incentives you should be okay. What type of Lloyds current account do you currently hold? Usually Lloyds switching incentives don't exclude existing customers, but they usually do require you to open a new "Club" account and switch into that. The annoying part is that you can usually only hold one of these at a time. If you existing account is a Club account then you might need to downgrade to the non-Club variant first to then allow you to open a new Club account to then meet the terms of the switching offer.

steven141

blue_eyes said:

@designeditdesignedit £175 offer starts tomorrow, includes existing as long as you switch into a new club account not your existing account  - read the terms carefully of course. And you've probably got til end of March.

Is this going to only be for those not having a switching offer since 2020?

blue_eyes

steven141 said:

blue_eyes said:

@designeditdesignedit £175 offer starts tomorrow, includes existing as long as you switch into a new club account not your existing account  - read the terms carefully of course. And you've probably got til end of March.

Is this going to only be for those not having a switching offer since 2020?

yeah April 2020 cutoff across the LBG is what I saw though I can't see it's live yet

winkowinko

I think it's live.  Switch Bank Account To Us | UK Bank Accounts | Lloyds Bank

Can someone confirm, are all the available current accounts fee paying ones? I can see that they will waive the £3 per month fee if you pay in >£2k, but do they have any free current accounts that will still pay the switch bonus?

Middle_of_the_Road

winkowinko said:

I think it's live.  Switch Bank Account To Us | UK Bank Accounts | Lloyds Bank

Can someone confirm, are all the available current accounts fee paying ones? I can see that they will waive the £3 per month fee if you pay in >£2k, but do they have any free current accounts that will still pay the switch bonus?

No, all the qualifying accounts involve a monthly fee.