Lloyds switch for up to £500, 24 February to 30 April 2026

kaMelo · 17 March at 9:22PM

https://forums.moneysavingexpert.com/discussion/comment/81927397#Comment_81927397

Yes, Lloyds Premier does not require the £5000 deposit per month to be a salary payment. (Although they will ask you about your earnings and total savings as part of the application process)

flaneurs_lobster · 18 March at 12:15AM

https://forums.moneysavingexpert.com/discussion/comment/81927397#Comment_81927397

Where does it say that you have to earn £85k (or indeed any other figure)?

FreeFallerSaver · 18 March at 2:11PM

https://forums.moneysavingexpert.com/discussion/comment/81927600#Comment_81927600

Guessing the poster may have taken that from here on MSE, albeit slightly misunderstanding the requirement.

Screenshot_20260318-130906.png

flaneurs_lobster · 18 March at 2:25PM

https://forums.moneysavingexpert.com/discussion/comment/81928264#Comment_81928264

Ah, fair enough. The actual terms of the Santander product don't mention a minimum salary requirement, just the monthly pay-in. There may well be a question about income during the application process (I've not applied) which should be answered truthfully but that's not necessarily a reason for accept/decline.

FLAMPARD · 18 March at 2:28PM

has anyone who has applied for the premier had the switch completed and received a text ?

All my direct debits are showing ok on Lloyds

jimjames · 18 March at 4:15PM

https://forums.moneysavingexpert.com/discussion/comment/81927397#Comment_81927397

If you read the details of the offer it explains how the payments can be done and don't have to be a single amount. There is no requirement to earn any specific salary.

wmb194 · 18 March at 6:42PM

https://forums.moneysavingexpert.com/discussion/comment/81928286#Comment_81928286

I received a text from Lloyds to say the switch was complete. This was on the scheduled date: with previous switches the DDs sometimes appear before that date.