LLoyds/Halifax ISA Cashback Offer question

jungleboy123

Hello,

Was too late for the Santander offer, too many issues reported on here for the HSBC and i was cutting it late requesting the HSBC transfer before tomorrow's deadline (if anyone who replied to my previous post asks). 3rd time lucky for this offer i guess?

I've seen the next cashback offer is LLoyds/Halifax, however reading the T&Cs (and i suck at this) it looks like the cashback is only paid within the transfer period. The deal runs till 31 May but a non LLoyds/Halifax ISA to Halifax takes up to 15 calendar days. That means if i did a transfer request on Monday, its possible but also unlikely it will reach them in time to get the offer.

My question is whether the cashback is accepted on the point of requesting the transfer (like other providers) or the date that the isa is transferred/deposited. The latter of which i think i'll probably be out of time now.

To quote from the T&Cs that has me a bit concerned is:

You won’t earn cashback if:

• a transfer you request completes after 31 May 2026

Thanks.

jungleboy123

bumping this in-case anyone is also interested and missed a few boats like me. Helpful to know the answer on this. Struggling to contact the banks!

Rich2808

Check the full terms and conditions of the offer at the bottom of this page.

https://www.lloydsbank.com/isas/cash-isas/cash-isa-offer.html

It is very clear

'Your transfer in request must be made between 11 March and 31 May.'

So you just need to initiate the transfer by 31st - it doesn't need to have completed.

Growingold

https://forums.moneysavingexpert.com/discussion/comment/81995164#Comment_81995164

Seems a bit conflicting to what was quoted in the T&C's of the account that transfers must be completed by 31st May. Gives them wriggle room. Personally I wouldn't want to risk it without clarification from the bank itself.

Rich2808

https://forums.moneysavingexpert.com/discussion/comment/81995215#Comment_81995215

What matters is the terms and conditions - not the promotional waffle which can often contain loose wording. The terms legally define the offer - and eligibility.

The terms are very clear that the requirement is that the transfer request must be made by 31 May.

You have no control over the completion of the transfer which is a matter for Lloyds/Halifax and your current provider. So they couldn't impose completion as the requirement - as they are responsible for managing that process.

So as long as you request the transfer by 31 May - you will be fine!

jungleboy123

https://forums.moneysavingexpert.com/discussion/comment/81995453#Comment_81995453

i am going to ring them. managed to find the number for their isa's team after bypassing the chatbot and getting through to a human!!

qsk

Do I get it right: Lloyds ISA cashback, unlike Santander, does not require you to do a Full transfer, ie, you can do a partial transfer and keep the original ISA open?

gwapenut

https://forums.moneysavingexpert.com/discussion/comment/81998315#Comment_81998315

DId you get any clarification on this? My concern is that the full offer terms are on the same web page as the term saying that transfers must complete by 31st May and to check ISA transfer deadlines to ensure your transfer will qualify.

To me, there's a risk of not qualifying if the transfer finishes after 31st May.

Matt17

I was going to go for this but I've just noticed that you can’t have this offer if you have a savings account with Lloyds Banking Group now or have had one within the last 12 months.

That rules me out unfortunately

info_maniac

https://forums.moneysavingexpert.com/discussion/comment/82003939#Comment_82003939

Where have you noticed this? I don't see it anywhere in terms and conditions of the ISA Transfer Offer.

Matt17

https://www.lloydsbank.com/savings/switch-offer.html