You could snap up an additional £250 for free if you’re a Lloyds customer
A major bank is offering customers up to £250 free cash. This money is available as of now and can be accessed by following just a few simple steps on the app.
Lloyds’ new Refer a Friend deal gives qualifying Lloyds customers the chance to earn up to £250. This is achieved by inviting friends or family who aren’t with Lloyds yet to open a bank account.
Customers can do so by visiting the “apply” section space in their app, to grab a referral link which can then be sent to their friends and family. For each successful sign-up, both the existing customer (or the “referrer”) and the new customer (the “referee”) will receive £50.
The referrer can earn cash on their first five referrals, meaning a total of £250 is up for grabs. The reward will be paid (to both parties) within 30 days of the new bank account opening.
There are a number of different bank accounts that are a part of this scheme. The Classic account is free of charge and offers “simple” everyday banking.
Alternatively, Club Lloyds comes with the option of 12 months of Disney+, cinema tickets, magazine subscriptions, or access to the digital Coffee Club and Gourmet Society. A £5 monthly fee may apply for this account – unless you pay in £2,000 a month.
There are also more specialist accounts available, like Lloyds Premier, which is designed for those who pay in £5,000 each month or have £100,000 of qualifying savings or investments with Lloyds. There is a £15 monthly fee for this account (which is refunded each month, where criteria is met).
Alternatively, Silver and Platinum accounts provide travel insurance, breakdown cover, mobile phone insurance and more, with monthly fees applying.
How to refer a friend
Customers can go into the “apply” area in the app on their smartphone and generate a link that can be shared with friends and family. After clicking “apply” in the bar at the bottom of the app you need to select “current accounts”. This will then show an option to “refer a friend”.
