Overview

• The fee increase took effect on June 2, adding £2 to the monthly charge and £24 annually for customers who don’t meet the deposit threshold.
• Account holders can avoid the extra charge by depositing at least £2,000 into their Club Lloyds account each month.
• Club Lloyds benefits include no debit card fees abroad, an annual lifestyle perk, credit interest on balances, and access to exclusive savings and mortgage rates.
• The update also applies to Club Lloyds Silver and Platinum packages, which carry higher base fees alongside the standard Club Lloyds charge.
• Customers unwilling to meet the new threshold can switch accounts within seven working days using the Current Account Switch Service as banks including The Co-operative Bank plan similar hikes.