Overview
- Lloyds will pay a £20 bonus when Advance accounts are kept in good standing for the first six months.
- The product is aimed at existing Lloyds Banking Group personal account holders, with reports indicating a minimum three-month relationship to qualify.
- Advance features no foreign transaction fees on purchases and uses a single interest rate to simplify costs.
- Customers get a bespoke knowledge hub and access to Your Credit Score for free credit reports and personalised guidance.
- Spending controls include personalised contactless limits and blocks on categories such as gambling, plus a Benefit Calculator for support like council tax discounts and Universal Credit.