Bank Switching Bonuses > Lloyds Bank

£200 OR £500 Cash for switching to Lloyds Bank

Switch to Lloyds Bank’s “Club Lloyds” Account to get £200 cash and a selection of rewards (£5 monthly fee unless you pay in £2,000 per month)

OR if you are a high earner you can get £500

How to get the £500 bonus:

  • To qualify for the account you must be able to pay in £5,000+ per month or have £100k available to save or invest

  • Open a “Lloyds Premier” account before 30 April and switch an old current account with 3+ active direct debits (cannot be switching in from Halifax or Bank of Scotland; Lloyds own these banks)

  • Spend £200+ on your debit card within 35 days of opening the account

  • a) Pay in £5,000+ in the first calendar month, or;

  • b) Deposit £100,000+ into savings or investments and keep this invested for the full first calendar month

  • You will receive £500 between 45 - 90 days of opening the account

How to get the £200 bonus:

  • Open a “Club Lloyds” Account and switch an old current account with 3+ active direct debits (cannot be switching in from Halifax or Bank of Scotland; Lloyds own these banks)

  • No requirement to pay in any cash to get the bonus

  • You cannot have received a switching bonus from Lloyds Bank or Halifax since January 2023

Apply here