Lloyds Bank £200 switch offer (17/09/2026 to 09/12/2026)

danny13579

New £200 switch offer from Lloyds.

T&Cs are below (Lloyds don't provide a separate link to them).

+ Accounts that are part of the offer are: Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum and Premier Account.

+ Lloyds have their own definition for an active Direct Debit. 3 of these must be moved across as part of your switch. For this offer, a payment must have been taken less than 13 months ago from each Direct Debit on your donor account before you start your switch.

+ You must start your switch on or before 9th December 2026.

+ No need to move any cash across for this one.

+ If you meet the offer terms, you will receive your switching cash within 14 working days of your switch starting.

+ You cannot have received switching cash from Lloyds, Bank of Scotland or Halifax since 1st January 2023.

The T&Cs for this offer have been added to the switching offers archive for future reference.

Tragen

hmm. reckon its possible to get this… i did the BoS switch 6 weeks ago. Maybe different email could work?

phil7445

Normally you can't do these switches if you have an account with the bank or in the same bank "family". I have a Halifax current account but I've started using it in the Lloyds app in advance of Halifax ending and I have the "Club Lloyds £200 offer" within the app.

So am I eligible for this £200 offer?

One point to note, a while back a friend referred me to Lloyds and get £50 which I got despite having my Halifax account. Then I switched the Lloyds account to Santander to get a switch bonus. So technically I don't have a Lloyds account, only a Halifax one. But I'm still surprised it's promoting the £200 switch in the Lloyds app (where I access my Halifax current account.).

jimjames

It explicitly says that you can't get the switching bonus if you switch from Halifax or BOS accounts but excludes Lloyds from that statement. Can anyone see anything that would exclude Lloyds elsewhere? I know I'll need to open a new Lloyds account as well as the one I have already.

phil7445

So why is the offer showing in my Lloyds app. I guess it's different but similar to the one above.

Ed-1

https://forums.moneysavingexpert.com/discussion/comment/82147468#Comment_82147468

You can't switch from Lloyds to Lloyds.

phil7445

I'm not. I have a Halifax current account which I access in the Lloyds app, in advance of them shutting down the Halifax brand and app. Why would they have a button once you log into the app that says Free £200 if you switch to Club Lloyds, and it lets you start the process if it's not valid? That's very misleading!!!

danny13579

phil7445 Have you received a switching bonus from Lloyds, Halifax or BoS since 1st January 2023?

If not, then open a new Club Lloyds account and switch an account (with 3 active and paid Direct Debits) from a non-LBG bank into it.

The £50 you received was a refer a friend offer, not a switching bonus.

phil7445

I was having a polite discussion about it with Lloyds online chat.

He said it's not valid for Halifax or Lloyds customers. I said he hasn't explained how illogical it is to have an offer promoted in the app, which I would only have if I had a Halifax or Lloyds account, and lets me click through to open the account, but it's not valid, and it's a very misleading promotion.

He then transferred me to a "complaints specialist" without any further comment! I'm waiting for them to reply!

Please note, I've been very polite. It's just very misleading and a bad promotion.

danny13579

He said it's not valid for Halifax or Lloyds customers.

This is incorrect. Like a lot of chat agents, they have no idea and make up stuff to get rid of you.

phil7445

The £200 switch bonus information and link has been removed from inside the app now! I put in a formal complaint about it, so maybe that prompted them to remove it. Awaiting a response to my complaint.