Eligibility criteria apply. Check terms on Club Lloyds's website before applying.
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Club Lloyds Offer Summary
Offer ends 30 April 2026. Terms may change at the provider's discretion.
Is Club Lloyds Right for You?
Key Features
- Choose 1 lifestyle benefit: Disney+ for 12 months, 6 cinema tickets, Coffee Club membership, or magazine subscription
- 1.5% interest on balances £1-£3,999.99 (requires 2+ Direct Debits)
- 3% interest on balances £4,000-£5,000 (requires 2+ Direct Debits)
- 6.25% Regular Saver (save £25-£400/month, max £161/year interest)
- Up to 15% cashback at selected retailers via Everyday Offers
- Fee-free spending and withdrawals abroad
- 3 months interest-free arranged overdraft (if approved)
- 0% overdraft on first £100
Things to Consider
- £5 monthly fee for Club Lloyds (waived if you pay in £2,000+/month)
- Silver adds £11.50/month (includes insurance)
- Platinum adds £22.50/month (includes more insurance)
- Must maintain 2 Direct Debits to earn interest
- Cannot have had switch bonus from Lloyds/Halifax/BOS since April 2020
- Existing Lloyds customers must open NEW account (can't upgrade)
Eligibility Requirements
- Open new Club Lloyds, Club Lloyds Silver, or Club Lloyds Platinum account
- Switch using CASS from another bank
- Transfer minimum 3 active Direct Debits
- Open account and start switch during offer period (23 Feb 2026 - 30 Apr 2026)
- Spend £100 within the first 35 days
- Cannot have received Lloyds/Halifax/Bank of Scotland switch bonus since January 2023
Always verify the current requirements on Club Lloyds's website before applying, as terms may change.
How the Switch Works
Club Lloyds uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 10 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- Pay in £2,000/month to avoid the £5 fee
- Disney+ alone worth £120/year makes it worthwhile even with Club Lloyds fee
- Regular Saver maxed out earns £161/year interest
- Can switch from another bank even if you're existing Lloyds customer
- 3 active Direct Debits required so set these up before switching
- Interest earned on current account balance if you keep 2 Direct Debits
Common Issues
- Forgetting you need 3 Direct Debits for the switch (not 2 like most banks)
- Not paying in £2,000/month and getting charged the £5 fee
- Not making a £100+ payment within 35 days
- Trying to upgrade existing Lloyds account instead of opening new one
- Missing the "active" Direct Debit requirement (must have paid at least once)
- Not maintaining 2 Direct Debits ongoing (loses interest benefit)
Need Direct Debits? If you don't have 2 active Direct Debits for the switch, you can support Scrimpr via Direct Debit (50p or £1/month) — it counts towards the requirement and helps keep this site free.
Offer History
How Club Lloyds's switch offer has changed over time.
| Offer | Period |
|---|---|
| £200 | Feb 2026 - Apr 2026 |
| £250 | Jan 2026 - Feb 2026 |
| £200 | Sep 2025 - Dec 2025 |
| £185 | Jul 2025 - Jul 2025 |
| £175 | Feb 2025 - Apr 2025 |
| £200 | Oct 2024 - Dec 2024 |
| £175 | May 2024 - Jul 2024 |
| £175 | Feb 2024 - Mar 2024 |
| £175 | Sep 2023 - Nov 2023 |
| £150 | May 2023 - Jul 2023 |
| £200 | Jan 2023 - Mar 2023 |
| £150 | Sep 2022 - Nov 2022 |
| £125 | May 2022 - Jun 2022 |
| £150 | Feb 2022 - Feb 2022 |
| £100 | Sep 2021 - Sep 2021 |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and Club Lloyds reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on Club Lloyds's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
Eligibility criteria and terms apply. Not all applicants will qualify. Club Lloyds is regulated by the FCA (Register: 119278).
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with Club Lloyds.