Overview
- The offer applies only to new openings of Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier current accounts.
- To qualify, customers must start a switch through the Current Account Switch Service with at least three active direct debits already in place at the point the switch is initiated.
- Switches begun after 16 September are eligible, and the £200 is paid within 10 working days after the switch completes as a cash credit.
- Switching into an existing Lloyds account or upgrading an existing account does not qualify, and payments like standing orders or recurring card charges do not count as direct debits.
- Exclusions include prior recipients of a switching bonus since April 2020, switches from Halifax or Bank of Scotland, certain joint-account cases, Lloyds Banking Group employees, and banks not in the CASS scheme.