Lloyds Refer a Friend

ceepan

I noticed that Lloyds seem to have introduced a refer a friend offer giving each person £50.  If the friend joins can they also switch an account and be eligible for the £200 bonus?  I didn't see anything obvious in the T&C's suggesting that it couldn't.

PRAISETHESUN

Nothing in either sets of terms that seem to prevent it from what I can read. The RAF program only needs you to open a new account through the shared referral link. Seperately, the switch incentive offer requires you to open a new account and initiate a switch. The grey area might be if you can't initiate the switch through the referral link process and have to switch seperately after you open the account.

And before this discussion starts moving in that direction, just a reminder that sharing referral links is against forum rules.

ceepan

PRAISETHESUN said:

Nothing in either sets of terms that seem to prevent it from what I can read. The RAF program only needs you to open a new account through the shared referral link. Seperately, the switch incentive offer requires you to open a new account and initiate a switch. The grey area might be if you can't initiate the switch through the referral link process and have to switch seperately after you open the account.

And before this discussion starts moving in that direction, just a reminder that sharing referral links is against forum rules.

Thanks. I'm going to refer my wife. I'll report back once I know.

SacredStephan

ceepan said:

I noticed that Lloyds seem to have introduced a refer a friend offer giving each person £50. 

Would anyone like to comment on whether the £50 payments are taxable or not?