There is £1 minimum opening deposit for the Island Gold Account.

There is a monthly fee of £9 for the Island Gold Account. For this fee you get a range of rewarding benefits such as multi trip worldwide family travel cover including, if eligible, your spouse, civil partner or partner and children.

That's completely down to you. There's no limit on how much you can hold in your account.

The Island Gold Account is only available in Sterling.

You can move your existing account easily from another bank or building society.

Once your account is open, we will transfer everything safely and securely in 7 working days, with the Current Account Switch Service.

The Current Account Switch Guarantee (PDF, 32KB)

Read the Current Account Switch Service Guide (PDF, 73KB)

Click here for answers to some frequently asked questions about the service

You can access your money whenever you need to, either in branch, over the phone using PhoneBank or Internet Banking. If you're withdrawing cash from an ATM, there is a daily limit of £800.

Yes, you can use Mobile Banking with your Island Gold Account.

With Mobile Banking you can check your balances, pay bills, deposit cheques, transfer money and make international payments all from your smartphone.

To start using Mobile Banking, set up internet banking for your account and download our Mobile Banking app.

Find out more about Mobile Banking

An interest free overdraft of £100 is available on this account. You need to apply for this in advance and we need to approve it.

If your account goes over its limit, you’ll have until 2.30pm (UK Time) to pay money into your account to ensure the payment goes out, but you have until midnight to avoid overdraft interest. The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.

If you have an Island Gold Account you can apply for a personal loan. Lending is subject to status. Terms and conditions apply.

We only offer travel insurance products from a single company, underwritten by AWP P&C SA and administered by Allianz Assistance which is a trading name of AWP Assistance UK Ltd. We do not provide advice on travel insurance and we will not make comparisons with other similar products including those which you may currently hold. You will need to make your own choice about how to proceed.

The account comes with:

• discounted European breakdown cover provided by the AA.

A debit card is a payment card that allows you to make transactions online and in shops for any number of goods and services, and takes payment directly from your bank account. Millions of people use debit cards, and you get one with most Lloyds Bank International current accounts.

With a debit card, you can:

• book or buy online, in shops, or over the phone
• take out money from any Cashpoint® in the Islands, or cash machines around the world
• use your card worldwide, whenever you see the Visa symbol
• call us 24 hours a day if you have a problem with your Lloyds Bank International debit card.

Many debit cards are now contactless, which makes paying for everyday things even easier.

Contactless cards allow you to pay for goods up to £100 without needing to enter your PIN. Many shops, restaurants, and businesses have contactless reader devices which make transactions faster and smoother. Millions of people use contactless debit cards.

Most contactless payments will appear in the main section of your online statement within a few days. However, some transactions may show first in the ‘View pending transactions’ section.

Please note: Not all Contactless Card transactions appear immediately on your Online & Mobile Banking statements. If you can’t see a transaction please wait a few days for it to be added to your statement.

Contactless is a way of making paying for things swifter and simpler. If you have a contactless card and are paying for something in a shop, restaurant, or business that has a contactless reader, all you need to do is hold your contactless card over the reader to pay. If the price is under the threshold which is currently £100, you don’t need to even enter your PIN.

The first time you use your contactless card for a transaction, you’ll need to enter your PIN. Once you've done that, all future transactions under threshold can be contactless. You need to hold your card very close to the reader (around 2 – 4 centimeters) for it to work. If the price of the transaction is over £100, you will need to key in your PIN as normal.

For added security, every now and again you might be asked to enter your PIN for transactions under the threshold. This is likely to happen if you make several contactless transactions in a row.

How to use contactless:

1.  Look for the contactless symbol when paying.
2. Simply touch your contactless card against the reader.
3. A beep or green light shows your payment is being processed.
4. Your payment is approved.

All contactless cards have the contactless symbol on them. The symbol is four curved lines radiating rightwards (a lot like a Wi-Fi symbol turned on its side). It looks like this:

If you have this symbol on the front of your debit card, you can start using the contactless method as described above

Yes, whether you have an Apple or Android device you’ll be able to register your Lloyds Bank International cards with Apple Pay or Google Pay respectively. Some device and card restrictions may apply.

Apple Pay and Google Pay are convenient ways to pay with your Lloyds Bank International debit or credit card. Using the latest contactless technology, it's a simple, secure way to make everyday payments with your mobile device.

Your card details won’t be stored on your device or sent to merchants, so your information stays private and secure.

Choose from the options below to find out more and get started.

Find out more about Apple Pay

Find out more about Google Pay

Overdraft interest rates

Interest rates on Arranged and Unarranged overdraft debit balances (paid monthly):

From 2 November 2007 to 1 October 2012

From 1 August 2007 to 1 November 2007

Interest rates from 1 June to 31 July 2007

Credit interest rates

Interest rates from 1 April 2009 to 1 December 2010

What is gross rateThe contractual rate of interest payable before deduction of income tax at the rate specified by law.

What is AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER – Annual Equivalent Rate – you can compare more easily what return you can expect from your savings over time.