Overview

• The £200 payment is available to customers who switch using the Current Account Switch Service starting 16 September 2025.
• Eligibility requires moving into Club Lloyds, Club Lloyds Silver or Platinum, or Lloyds Premier and having at least three active direct debits, with standing orders and recurring card payments not counting.
• Club Lloyds carries a £5 monthly charge waived if £2,000 is paid in each month, while Lloyds Premier costs £15 unless £5,000 is paid in monthly or £100,000 of qualifying savings or investments is held.
• Customers who received a switching bonus from Lloyds, Halifax or Bank of Scotland since April 2020 are excluded.
• Lloyds aims to pay the bonus within ten working days once criteria are met, has set no end date, and warns the offer could be withdrawn, with the sum topping rival £175 deals from Co‑op and First Direct.