Opening Lloyds Under 19's Account (regarding LBG applications)

jo040003

Hi MSE Forum

On 3rd February 2025, I opened a Halifax Expresscash Current Account. 

I'm now interesting in opening a Lloyds Under 19's Account, but I've heard that Lloyds can permaban customers who open too many accounts with LBG in a short space of time. Will I be ok to get this Lloyds Under 19's Account, or should I wait to open it and open an alternative account in the interim? 

eskbanker

The only bans I've read about are for those determined to exploit incentives by opening lots of accounts, so having two within the same group really isn't an issue.  I think I have seven LBG accounts, albeit opened across many years and mostly dormant....

jo040003

Ah ok, that's good to know. I wasn't planning on exploiting anything/doing anything dodgy, I just don't wanna get declined for a LBG kid's account. 

Thanks for your help!

retiredbanker1

Just to add - its what goes through the accounts that banks will worry about - not how many accounts you hold.

jo040003

retiredbanker1 said:

Just to add - its what goes through the accounts that banks will worry about - not how many accounts you hold.

Cool that's fine. It'll just be some money going into their 5.25% Regular Saver, nothing much else really. And a spare current account w/ debit card should the need arise.