Overview
- Both the referrer and the person opening a new account receive £50, with payments made as cash credits within 30 days to the referrer’s oldest Lloyds current account and the new customer’s account.
- Referrals must be initiated via the Lloyds mobile app using the “Share link with a friend” feature, and the referred person must use that link to proceed.
- The new customer must open a sole‑name Lloyds current account and keep it open for at least seven days to trigger the reward.
- People who have ever held a Lloyds current account, savings account, credit card, loan or mortgage do not count as brand‑new customers, and anyone who has already received a refer‑a‑friend offer is ineligible.
- Existing customers can refer multiple people but can earn no more than £250 in a calendar year, with publications urging those planning referrals to act in the remaining weeks of 2025.