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Lloyds Bank Hikes Club Lloyds Fee to £5 Starting June 2

Following Lloyds’s removal of overseas withdrawal fees, this move reflects broader banking responses to the Bank of England’s recent base rate cut.

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Overview

  • Lloyds will lift the Club Lloyds monthly fee from £3 to £5 on June 2, 2025.
  • The hike also affects Club Lloyds Silver and Platinum accounts by adding £2 on top of their standard package charges.
  • Customers depositing at least £2,000 each month will retain a fee waiver, while others will incur an extra £24 annually.
  • Earlier this year, Lloyds removed foreign currency and cash withdrawal fees abroad and extended interest-free overdrafts for Club Lloyds users.
  • The change follows a Bank of England base rate cut and echoes similar fee adjustments at Co-operative Bank and Skipton Building Society.