Overview
- New Club Lloyds, Club Lloyds Silver, or Club Lloyds Platinum accounts must be opened between 6 January and 3 February 2026, with the switch started by 3 February.
- Eligibility requires a full move via the Current Account Switch Service that closes the old account and transfers at least three active direct debits.
- Direct debits created after the switch begins, as well as standing orders and recurring card payments, do not count toward the three‑debit minimum.
- Lloyds will pay the £250 within 40 working days after the switch completes, with applications accepted in branch, online or by phone, and the offer may be withdrawn without notice.
- Monthly fees may apply to qualifying accounts, with example charges in the terms for Club Lloyds, Club Lloyds Silver and Club Lloyds Platinum.