Club Lloyds Direct Debits

ThePirates

I completed a switch last year for a bonus which included 3 DDs and a monthly £2000 pay in.

1 of my DDs is about to finish.

Do I need to keep 3 (or any) DDs running on the account as long as I keep the £2000 pay in to keep the fee refund and Disney+ benefit?

Any help appreciated!

pfpf

to keep disney all you need to do is pay in 2k per month. pay in/out, no need to keep cash in the account. i keep £6 in to cover the fee just in case there's any issues.

Organist

I think you only needed 3 DD's to satisfy the rquirements for the switch. Normally the requirement to meet the terms and conditions for the Club LLoyds account is 2 DD's.

Barkin

https://forums.moneysavingexpert.com/discussion/comment/81937831#Comment_81937831

This is incorrect.

To get Disney+ (or any of the other benefits,) you just need a Club Lloyds account, which needs a minimum of 2 DD's to qualify for credit interest.

The need for 3 DD's is one of the requirements to qualify for the switch incentive.

Paying in £2k just waives the monthly fee.

EarthBoy

https://forums.moneysavingexpert.com/discussion/comment/81938032#Comment_81938032

Wrong. You do not need ANY direct debits on a Club Lloyds account to get the Disney+, or the other benefits such as free cinema tickets, or a magazine subscription. You only need to pay the £5 monthly fee, which is refunded if you pay in £2000 per month. You need two direct debits to receive interest on the account, but if you don't have them you still keep the other benefits; you just don't get the interest.

Barkin

Whoops! Previous post edited.

PRAISETHESUN

For CL, the £2k pay in is required to waive the monthly fee and the 2x DDs are required for receiving interest. If you fail to do either of those things then your account remains open with all your benefits intact, you just will be charged a monthly fee and not receive interest respectively.

pfpf

https://forums.moneysavingexpert.com/discussion/comment/81937831#Comment_81937831

https://forums.moneysavingexpert.com/discussion/comment/81937831#Comment_81937831

to be clear. disney is free full stop. the 2k pay in is so the account remains free. £5 fee but the 2k ensures you get the £5 fee refunded each month.