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Lloyds Bank Launches Refer a Friend Offer Paying £50 Each, Up to £250 a Year

Rewards are triggered in the mobile app once a new customer opens a qualifying current account.

Overview

  • The promotion is live, offering £50 to both the referrer and the new customer for each successful sign-up.
  • Referrers can invite unlimited friends but can receive a maximum of £250 in payments per calendar year.
  • Payments are credited as cash credits to the referrer’s oldest Lloyds current account and the friend’s new account within 30 working days.
  • Customers start in the app via Apply > Current accounts > Refer a friend, and the invitee has 30 days to join using the shared link.
  • Eligibility requires the friend to be new to Lloyds and to open a sole-name, qualifying current account kept open for at least seven days; included options span Classic, Club Lloyds, Premier, Silver and Platinum, some with monthly fees or waiver conditions.