Club lloyds account, Active direct debits?

Bob2000

I've recently  done the Club lloyds switch and have received  the £200 incentive. 
So do l still need the 3 DD now, or can l cancel them, They are cheapo types, so nothing important.
I don't intend  to hang on to this account  but will leave it for a few months before downgrading it to a classic.
So, not to upset lloyds. 

El_Torro

As I understand it the direct debits give you access to the interest. If you remove the direct debits you gain no interest. Up to you whether that's a problem or not. 

I wouldn't worry too much about upsetting Lloyds Bank. As you long as you stick to the terms and conditions they are not going to take you closing an account personally. 

danny13579

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Bob2000

El_Torro said:

As I understand it the direct debits give you access to the interest. If you remove the direct debits, you gain no interest. Up to you whether that's a problem or not. 

I wouldn't worry too much about upsetting Lloyds Bank. As you long as you stick to the terms and conditions they are not going to take you closing an account personally. 

Well, the £3.47 currently in it isn't  going to make much interest, so not much of a problem. 
Thank you for the reply. 

Bob2000

danny13579 said:

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Ok, thanks for the reply.
I'm more concerned that they may debank me because I've already opened a classic account, which l used to switch for another cash incentive  less than 4 months ago.
And my current  classic is being used by me.

danny13579

Bob2000 said:

danny13579 said:

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Ok, thanks for the reply.
I'm more concerned that they may debank me because I've already opened a classic account, which l used to switch for another cash incentive  less than 4 months ago.
And my current  classic is being used by me.

I can't really see that happening, but if they did would it be such a big deal? Is it very important for you to have the current classic account?

wiseonesomeofthetime

Bob2000 said:

danny13579 said:

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Ok, thanks for the reply.
I'm more concerned that they may debank me because I've already opened a classic account, which l used to switch for another cash incentive  less than 4 months ago.
And my current  classic is being used by me.

They have done it to others.

But then so have other banks 🤷

Bob2000

danny13579 said:

Bob2000 said:

danny13579 said:

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Ok, thanks for the reply.
I'm more concerned that they may debank me because I've already opened a classic account, which l used to switch for another cash incentive  less than 4 months ago.
And my current  classic is being used by me.

I can't really see that happening, but if they did would it be such a big deal? Is it very important for you to have the current classic account?

We will see. I've just downgraded the Club account  to a second classic. And have stopped the DD also.

With regards  to my classic account  it's mainly  used  for paying in a couple of regular savers. So easy enough  to move things about.
Thanks.

Bob2000

wiseonesomeofthetime said:

Bob2000 said:

danny13579 said:

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Ok, thanks for the reply.
I'm more concerned that they may debank me because I've already opened a classic account, which l used to switch for another cash incentive  less than 4 months ago.
And my current  classic is being used by me.

They have done it to others.

But then so have other banks 🤷

wiseonesomeofthetime said:

Bob2000 said:

danny13579 said:

Yes, you can ditch them and the account too if you wish. Don't worry too much about upsetting Lloyds, they'll get over it. 

Ok, thanks for the reply.
I'm more concerned that they may debank me because I've already opened a classic account, which l used to switch for another cash incentive  less than 4 months ago.
And my current  classic is being used by me.

They have done it to others.

But then so have other banks 🤷

Just closed it down so see what happens.