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Lloyds Leads UK Current-Account Switch Race With £200 Bonus

Most payouts hinge on CASS use with conditions that limit who qualifies.

Overview

  • Lloyds will pay £200 to new Club Lloyds, Club Lloyds Silver or Platinum, or Premier customers who complete a full CASS switch with at least three active direct debits.
  • Lloyds says the bonus arrives within 10 working days of a qualifying switch, excludes anyone paid a Lloyds, Halifax or Bank of Scotland switching incentive since April 2020, and can be withdrawn without notice.
  • NatWest and Nationwide each offer £175 to new switchers, with NatWest also flagging up to £36 in annual rewards for meeting monthly criteria.
  • Competing deals include First Direct at £175, Co‑operative Bank at £100, and Danske Bank at £180 for eligible Northern Ireland customers using CASS.
  • The seven‑working‑day CASS move transfers direct debits and closes the old account, and some promotions unlock extras such as higher‑rate savings or Club Lloyds perks like Disney Plus or cinema tickets.