Lloyds Bank is urging customers to take advantage of a limited-time switching offer that ends on Thursday, April 30. Customers who switch to a Club Lloyds account can receive a £200 cashback bonus within seven days, while those opting for a Lloyds Premier account can earn £500.
How to Qualify for the Bonus
To qualify for the £200 bonus on a Club Lloyds account, customers must switch using the Current Account Switch Service, include three active direct debits, and spend £100 within the first 35 days. For the Lloyds Premier account, the requirements are to spend £200 within 35 days and deposit £5,000 or have £100,000 in savings or investments within the first calendar month to receive £500.
Lloyds emphasizes that the switching process is hassle-free. Customers can apply online or through the mobile app and select the switch option during the application. They will need their existing account details, including debit card number, and can choose the switch date. The transfer takes seven working days, and customers can continue using their old account until the process is complete.
Additional Benefits
Beyond the switching bonus, Lloyds offers up to £1,200 for opening a fixed-term savings account or fixed-rate cash ISA, and up to £600 for transferring or funding a new or existing eligible Share Dealing Account.
The Current Account Switch Guarantee protects the switch, ensuring all payments, including salary and direct debits, are transferred automatically. Any payments sent to the old account will be redirected to the new one.
This offer is available at Lloyds branches across Birmingham and nationwide. Customers are advised to act before the April 30 deadline to secure the bonus.
