CLUB LLOYDS ACCOUNT FUNDING FEE.

Bob2000

Hello,
I recently opened a CL account for the swich bonus, but I was wondering  if you need to deposit the £2000 to not pay the £5 monthly from a non lloyds  account?
I also have the standard classic account, which l was going to use for the transfer.

retiredbanker1

It does not matter where the funds come from.

Bob2000

retiredbanker1 said:

It does not matter where the funds come from.

Ok, thanks for that information. 

mta999

Just for clarity - does that mean you can transfer the 2,000 pounds from a Lloyds savings account into your club Lloyds account and then back out again into the Lloyds savings account

clivep

mta999 said:

Just for clarity - does that mean you can transfer the 2,000 pounds from a Lloyds savings account into your club Lloyds account and then back out again into the Lloyds savings account

Yes, as long as the savings a/c allows you to put it back in (i.e. not a regular saver a/c).

Barkin

mta999 said:

Just for clarity - does that mean you can transfer the 2,000 pounds from a Lloyds savings account into your club Lloyds account and then back out again into the Lloyds savings account

Yes, that'll work. But the Lloyds savings accounts that'll allow it offer pretty abysmal interest rates.

Mee

Also, it doesn't have to be £2k in one go though it may be easier to track if it is. You may find that other transactions in "each calendar month" taken you over the £2k.