![]() Direct debits set up after your switch has been started and other types of automated payments, such as standing orders and recurring card payments, won’t count towards the offer and Your switch must include the transfer of a minimum of 2 active direct debits from your old account being switched to Lloyds as part of the offer.The ‘Current Account Switch Service’ will close your old account with the other bank and Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to a new Club Lloyds Account (a £3 monthly account fee applies), a new Club Lloyds Platinum Account (£21 and £3 monthly account fees apply) or a new Club Lloyds Silver Account (£10 and £3 monthly account fees apply) (‘Qualifying Account’).To qualify for the £175 switching offer (“the offer”) you must switch to a new Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account using the ‘Current Account Switch Service’ to switch from a bank account held with another bank. Direct debits set up after you’ve started your switch as well as automated payments, such as standing orders and recurring card payments won’t count towards the offer. Your switch must include the transfer of a minimum of 2 active direct debits from your old account. What types of payments qualify as direct debits? No, as long as you start your switch by the 28th March 2024, you can complete your switch through Internet Banking or on our mobile app. To qualify for the offer do I need to complete the switch at the time of opening my new bank account? You can do this by signing in to Internet Banking or using the Mobile Banking app. No, you have to open a new qualifying account and start the switch. Yes, to qualify for the switch incentive you need to open a new qualifying account named in the terms and conditions and switch a bank account held elsewhere.Ĭan I change my existing account to one of the qualifying accounts and still receive the offer? You must complete your switch using the Current Account Switch Service to switch a bank account held elsewhere and meet the qualifying criteria stated in the terms & conditions.ĭo I need to open a new account if I already have a Lloyds Bank account? Yes, as long as you haven’t received a switching incentive from us or Halifax since April 2020. The offer will be paid directly into your account within 10 working days of you starting your switch and will appear as a cash credit.Īs an existing Lloyds customer can I qualify for the £175 offer?
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