What is the Lloyds Premier Switch? Lloyds’ premium account, for people paying in £5,000 a month (about an £85,000 salary) or with £100,000 saved or invested. It pays £200 for switching.
⏳ This switch offer ends on 9 December 2026. Your switch must have started by then.
How to claim it
- Check you qualify: £5,000 paid in each month, or £100,000 saved or invested.
- Open Lloyds Premier and choose a full switch from a bank that isn’t Halifax or Bank of Scotland, with at least 3 Direct Debits.
- Start the switch by 9 December 2026.
- Your £200 is paid within 14 working days of the switch starting.
Handy hints
- Good to know
- What you need: 3 Direct Debits and a full switch, started by 9 December 2026.
- Is it free? Yes, as long as you pay in £5,000 a month or have £100,000 saved or invested.
- 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.
- Earning more
- Extras: 1% cashback on most card spending (up to £10 a month), online GP appointments and a yearly perk.
Ready to claim your £200?Time needed: 30 mins. Deposit: £5,000 a month.