What is the Club Lloyds Switch? Lloyds pays £200 for switching to Club Lloyds, plus a yearly perk of your choice. It’s free if you pay in £2,000 a month, otherwise it costs £5 a month.
⏳ This switch offer ends on 9 December 2026. Your switch must have started by then.
How to claim it
- Open a Club Lloyds account and choose a full switch from a bank that isn’t Halifax or Bank of Scotland. The account you’re moving needs at least 3 Direct Debits.
- Start the switch by 9 December 2026.
- Your £200 is paid within 14 working days of the switch starting.
- Pay in £2,000 a month to avoid the £5 monthly fee.
Handy hints
- Good to know
- What you need: 3 Direct Debits and a full switch, started by 9 December 2026.
- Is it free? Only if you pay in £2,000 a month. Otherwise it costs £5 a month.
- Need Direct Debits? Plum or Moneybox can set up free monthly Direct Debits to yourself. Keep them monthly, as quarterly ones aren’t always counted.
- Follow every step: read the bank’s switch offer terms carefully and do each step within the time limits. Miss one and you can lose the bonus.
- Space out applications: each new account can show on your credit file, so don’t open lots at once.
- Who can’t get it: anyone who has had a switch bonus from Lloyds, Halifax or Bank of Scotland since 1 January 2023.
- Watch the fee: if you can’t pay in £2,000 a month, the £5 fee eats into the bonus, so switch away again once it’s paid.
- Use your switching account: switch from a spare account, like the TSB one under Start here, so your main bank stays put.
- Earning more
- Yearly perk: choose Disney+, six cinema tickets, a Coffee Club and Gourmet Society membership, or a magazine subscription.
- Regular saver: pays 6.25% on up to £250 a month for a year.
Ready to claim your £200?Time needed: 30 mins. Deposit: £2,000 a month.