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Lloyds switch for up to £500, 24 February to 30 April 2026
Comments
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Downgrading Club Lloyds account
To anyone who had to downgrade their Club Lloyds account before opening a new Premier account, how long does it take before the website allows you to open the new account? Is it instant?
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Pretty much instant. If you're having issues you might need to log out and back in to refresh the changes
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I downgraded my Club Lloyds single account last weekend (I still have a joint club Lloyds), with a view to opening a new club Lloyds or even a Premier account to get the switching bonus.
I am not offered a Club Lloyds or Premier when logged in. only a Classic, Silver, or Platinum don't know why.
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I had the same problem a while back, same situation - downgrading solo a/c while keeping joint club lloyds. It said I couldn't upgrade the solo to club again without going into a branch. I gave up.
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Yeah, the problem is that the online banking won't let you open a new CL/Premier account if you already hold one, regardless if it is sole/joint and you are technically eligible to open a new one. You either need to open the 2nd account in branch, or downgrade all your accounts to Classic and then online banking will let you open a new one.
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Exactly the same position as I was in. As others say you cannot have a Premier and Club Lloyds at the same time. You will have to downgrade/close the joint Club Lloyds account also, only then will you be able to open the Premier account. You cannot hold a joint Premier Account.
Once you hold a Premier account you will not be able to open a new, or upgrade an existing account to, Club Lloyds.
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My plan, after receiving the £500 bonus, was to convert the Premier to a Club Lloyds. But you say we can't do this? So I would have to close Premier and then re-open a new Club account. Hoping that works as I don't want the Premier for any longer than I need for the bonus!
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Sounds like a good opportunity to ditch Lloyds entirely and fast switch it to another institution's regular account for another £150 - £175 then. That's what I'll probably be doing. 😊
• The rich buy assets.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.1 -
I've had most switch offers so I don't think there is anything else open to me currently.
The Lloyds Premier switch is the only one I've managed to aim for recently
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If you can't do it directly then you should be able to downgrade to a Classic account (fee-free) and then re-upgrade to a CL account if that's what you want.
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