People with four account can get the bonus cash
Lloyds Bank customers have less than two weeks to claim a £200 bonus from the bank. You can get the one-off payment when switching your current account to a new account with the bank. The offer is available when switching to either a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account.
There are two steps to follow to get the payment. You need to open a new account with Lloyds and then request a switch using the Current Account Switch Service. Your switch must include at least three active direct debits.
You can do this in branch, over the phone or through the banking app. Once you have done all the necessary steps, the funds will be paid into your new account within 10 working days of your switch.
The amount will appear as a cash credit. The offer only applies to new accounts so you won’t qualify if you switch into an existing account. The offer ends on Wednesday, December 17, around three months since it launched on September 16.
Only switches that were started after September 16 will qualify for the bonus. Any direct debits set up after your switch has been started will not count towards the three minimum direct debits.
Any other types of automated payments will not count either, such as standing orders and recurring card payments. If you have received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax Bank account, you won’t receive the offer again.
Who will not qualify for the £200 Lloyds Bank switch payment?
These groups will not qualify for the cash offer:
- You switch to any account other than a Club Lloyds account, Club Lloyds Platinum account, Club Lloyds Silver account or a Lloyds Premier account.
- You switch to any existing Lloyds bank account, or you change your existing Lloyds Bank Current account to a Club Lloyds account, Club Lloyds Silver account, Club Lloyds Platinum account or Lloyds Premier account.
- You switch from a Halifax or Bank of Scotland current account.
- You’ve received a switching offer since April 2020 for switching to any Lloyds, Bank of Scotland or Halifax Bank account.
- You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020.
- The bank you are switching from does not participate in the ‘Current Account Switch Service’. To find out more visit www.currentaccountswitch.co.uk.
- You are an employee of Lloyds Banking Group, or if an employee is on any bank account held in joint names.
