Lloyds £200 Switch Offer
Open a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account between 17 September and 9 December 2026, start a full switch with at least 3 active Direct Debits by 9 December, and Lloyds pays £200 within 14 working days of the switch starting. Recent Lloyds, Halifax and Bank of Scotland switch-offer customers are excluded.
Read our full assessment →Quick answer
Use the referral link for the Lloyds offer. New eligible customers can get £200 after meeting the requirement: Full CASS switch with at least 3 active Direct Debits, started by 9 December 2026. Last verified 2026-10-11.
- Reward
- £200
- Referral code
- No code required
- Last verified
- 2026-10-11
- Difficulty
- Medium
- Time to claim
- 15-20 minutes
- Time to payout
- Within 14 working days of the switch starting
Ad / referral links — we may earn a bonus when you sign up.
How to claim
- Check you are not switching from Halifax or Bank of Scotland and haven't received a Lloyds, Halifax or Bank of Scotland switching offer since 1 January 2023 (on a joint account, neither of you).
- Choose a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account and check its monthly fee first. The plain Silver and Platinum accounts, without "Club", don't qualify.
- Open the account between 17 September and 9 December 2026. Already bank with Lloyds? Open the new account first, then in the app go to Apply, Current accounts, "Switch to an existing account".
- Start a full switch through the Current Account Switch Service from another bank by 9 December 2026 (not necessarily on opening day), bringing at least 3 active Direct Debits.
- Lloyds pays £200 into the new account within 14 working days of the switch starting.
Eligibility & requirements
- A new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account opened between 17 September and 9 December 2026, with the switch started by 9 December 2026. Student, Smart Start, Under 19s, Basic, Classic and the plain Silver and Platinum accounts don't qualify, and nor does changing an existing Lloyds account into a qualifying one.
- Full switch through the Current Account Switch Service from a bank that is part of CASS, which closes the old account.
- At least 3 active Direct Debits must move with the switch. Active means paid to the company collecting it in the last 13 months; one whose first payment hasn't been taken yet isn't active. Direct Debits set up after the switch starts, standing orders, recurring card payments and subscriptions don't count.
- Not available if you are switching from Halifax or Bank of Scotland, or have received a Lloyds, Bank of Scotland or Halifax switching offer since 1 January 2023; on a joint account, neither holder may have had one.
- Fees: Club Lloyds £5 a month, refunded in any month you pay in £2,000; Club Lloyds Silver £11.50 and Club Lloyds Platinum £22.50 a month plus the £5 Club fee (only the £5 is refundable); Lloyds Premier £15 a month, refunded with £5,000 paid in or £100,000 held with Lloyds, and you need one of those to apply.
- One offer per customer and one payment per joint account. Lloyds can change or withdraw the offer at any time without notice, and the live terms on its switch page control.
Verification notes
- Minimum spend/deposit
- Full CASS switch with at least 3 active Direct Debits, started by 9 December 2026
- Last verified
- 11 October 2026
Provider terms can change without warning. Treat this as a verification snapshot and confirm the live terms before applying.
Pros
- A single £200 payment, with no pay-in or card-spend target for the bonus.
- Quick payout, within 14 working days of the switch starting.
- Four accounts qualify: Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum and Lloyds Premier.
Watch out for
- Needs 3 Direct Debits actually paid in the last 13 months; new ones set up for the switch don't count.
- Halifax and Bank of Scotland customers can't switch in for it, and anyone who has had a Lloyds, Halifax or Bank of Scotland switch offer since 2023 is excluded.
- Club Lloyds costs £60 a year unless you pay in £2,000 every month; Club Lloyds Silver and Platinum cost at least £138 and £270 a year.
- A full switch closes your old account.
FAQ
- How much is the Lloyds switch offer and when does it end?
- £200 for an eligible account opened between 17 September and 9 December 2026, with the switch started by 9 December 2026. Lloyds pays within 14 working days of the switch starting.
- What counts as an active Direct Debit?
- One that has been paid to the company collecting it in the last 13 months. New ones whose first payment hasn't been taken, ones set up after your switch starts, standing orders, recurring card payments and subscriptions don't count.
- Can I get it if I've had a Halifax or Bank of Scotland switch bonus?
- Not if you received a Lloyds, Halifax or Bank of Scotland switching offer since 1 January 2023. You also can't qualify by switching from a Halifax or Bank of Scotland account.
- Can I get it if I already bank with Lloyds?
- Yes, if you open a new qualifying account and switch in an account from another bank, and haven't had a Lloyds, Halifax or Bank of Scotland switching offer since 1 January 2023. Open the new account first, then in the app go to Apply, Current accounts, "Switch to an existing account". Changing your current Lloyds account into a Club account doesn't count.
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Added 11 October 2026 · Last updated 11 October 2026. Offers and terms change frequently - always confirm on the provider's site before applying.