Overview
- Customers must request their switch by Wednesday, 17 December 2025 to qualify for the one-time £200 payment.
- Only newly opened Club Lloyds, Club Lloyds Platinum, Lloyds Premier or Club Lloyds Silver accounts applied for from 16 September 2025 are eligible.
- Switches from Halifax or Bank of Scotland do not qualify, and moving into an existing Lloyds account is excluded.
- At least three direct debits must already be active before the switch begins, with standing orders and recurring card payments not counting.
- Once the qualifying switch completes, Lloyds will credit £200 to the new account within 10 working days as a cash payment.