Go paper-free
Amend paper-free preferences for your statements and correspondence.
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Switch on your terms
With the Current Account Switch Service you can choose a switch date to suit you. Just make sure you allow a minimum of seven working days.Simple and stress-free
The new account provider transfers any existing balance and all existing payment arrangements for you – including those going out (for example Direct Debits and standing orders), those coming in (for example, your salary) and payees you already have set up.
Wide ranging spread of UK banks and building societies are on board
This means over 99% of UK current accounts are covered by the Current Account Switch Guarantee.
The switching process is the same everywhere
Every bank and building society offering the service follows exactly the same switch Process.
Payments are automatically redirected
We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
Backed by a Guarantee
In the unlikely event that something goes wrong with your switch, the new provider will refund any interest or charges incurred on your old or new account as a result.
A single point of contact
The whole process will be handled by the bank or building society you are switching to. If you have any questions or concerns, just ask your new provider.
How the switching process works
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Working day 1
The switch begins. We make contact with your old bank to arrange the switch.
Working day 2
We’ll let you know that your old bank has received your request, and then we can start transferring your payment arrangements across to your new Lloyds Bank account.
Working day 3-5
It’ll take a couple of days to switch over your payment arrangements, and make sure your Lloyds Bank account is ready to go for the switch date.
Working day 6
If you’re clearing a debit balance at your old account, you’ll need to make sure there are enough funds in your Lloyds Bank account to cover this transfer.
Working day 7
Congratulations your switch is complete! Your balance is transferred and your old bank account is closed.
After your switch
We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
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We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
- The service is free to use and you can choose and agree your switch date with us.
- We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
- If you have money in your old account, we will transfer it to your new account on your switch date.
- We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
- If there are any issues in making the switch, we will contact you before your switch date.
- If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
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If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.
- Before you close your old account, check whether you have any Third Party Provider permissions set up and if so, who with.
- Once your new account is open you can give your permission to the Third Party Provider to access your new account by providing them with your new account details. You will need to contact the Third Party Provider directly yourself to set this up.
- If you are unsure as to whether your New Bank will support the Third Party Provider permissions on your account, you will need to discuss this ahead of your switch with your New Provider who will be able to advise you of this. Please check your new provider’s terms and conditions for more information about Third Party Providers.
Choose from our range of current accounts
Our products
Classic
£0 monthly fee
- Get up to 15% cashback with Everyday Offers from selected retailers*
- Access to all of the great app features
- Option to apply for an arranged Overdraft**
*Retailer offers and cashback amounts vary.
**All overdrafts are subject to our assessment of your circumstances, and are repayable on demand.
Club Lloyds
£3 monthly fee
Refunded each month you pay in £2,000 or more
All the benefits of Classic, plus
- Choose a Lifestyle Benefit each year
- Earn interest on balances up to £5,000 when you pay out 2 Direct Debits per month
- Get exclusive offers on savers and mortgages
Club Lloyds Silver
£11.50 per month
+£3 Club Lloyds monthly fee which is refunded each month you pay in £2,000 or more
All the benefits of Club Lloyds, plus
- European and UK family travel insurance - up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- Mobile phone insurance
- No debit card fees from us at home or abroad
Club Lloyds Platinum
£22.50 per month
+£3 Club Lloyds monthly fee which is refunded each month you pay in £2,000 or more
All the benefits of Club Lloyds, plus
- Worldwide family travel insurance up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- Mobile phone insurance
- No debit card fees from us at home or abroad
Silver
£11.50 per month
All the benefits of Classic, plus
- European and UK family travel insurance - up to age 65
- AA Breakdown Family Cover with Roadside Assistance
- Mobile phone insurance
- No debit card fees from us at home or abroad
Platinum
£22.50 per month
All the benefits of Classic, plus
- Worldwide family travel insurance - up to age 80
- AA Breakdown Family Cover with Roadside Assistance, At Home and National Recovery
- Mobile phone insurance
- No debit card fees from us at home or abroad
Benefits supplied by selected third-party providers. Limits, terms & exclusions apply.
Youth and student accounts
We also offer a range of bank accounts for kids, teens, and students, all with contactless VISA debit cards and mobile banking access.
Overdraft information
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To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 3 months, subject to application and approval.
Are you eligible for the arranged overdraft offer?
To qualify for the interest-free offer you must:
- Use the Current Account Switch Service. This service means your old account will be closed and all your payments transferred to your new Lloyds Bank account.
- Have not used the offer within the last 12 months.
- Have applied, and been approved for an arranged overdraft on your new Lloyds Bank account.
How do you apply for an arranged overdraft?
At the end of your current account application process, we may offer you an arranged overdraft. If we do, we'll tell you the maximum amount you can have and you can add it right away. You can also apply for one later.
What happens if I am overdrawn and want to switch?
We will show you the maximum amount of arranged overdraft we can offer you before you complete your switch request form, if we are unable to offer you the full amount you will need to make arrangements with your bank to pay back the remaining amount. If you've already got a current account with us you can log onto Internet or Mobile Banking and see if there is an option to extend your arranged overdraft.
Useful tools
You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.
You can use our eligibility tool to find out if you are eligible for an arranged overdraft.
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To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 3 months, subject to application and approval.*
How to apply for the arranged overdraft
At the end of your current account application, we may offer you an arranged overdraft, which you can add right away. You can also apply for one later.
Arranged overdrafts are repayable in full, on demand and subject to approval.
Are you eligible for the arranged overdraft offer?
To qualify for the interest-free offer you must :
- Use the Current Account Switch Service. This service means your old account will be closed and all your payments transferred to your new Lloyds Bank account.
- Have not used the offer within the last 12 months.
- Have applied, and been approved for an arranged overdraft on your new Lloyds Bank account.
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Already have a Lloyds current account?
If you have a current account with Lloyds and want to switch in a current account held elsewhere you can do this on our Mobile Banking App.
Simply head to the 'Apply' section, look for current accounts and 'Switch to an existing account'.
You can also do this by logging in to internet banking.
Important legal information
Lloyds and Lloyds Bank are trading names of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
We may monitor or record telephone calls to check out your instructions correctly and to help us improve the quality of our service. Calls from abroad are charged according to the telephone service provider’s published tariff. Not all Telephone Banking services are available 24 hours a day, 7 days a week. Please speak to an adviser for more information.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
Account opening is subject to our assessment of your circumstances. You must be 18 or over to apply.
*How much we lend is subject to our assessment of your circumstances. You must be 18 or over. Overdrafts are repayable in full on demand. Arranged overdraft interest. To be eligible for the interest-free offer you must be accepted for an arranged overdraft on your Lloyds Bank account, have not had the offer in the last 12 months on your account, and complete a switcher application to switch your account to Lloyds Bank.
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