£200 for switching your current account to Lloyds.
Last checked against Lloyds’s own terms on 4 November 2026
You have to start the switch by 9 December 2026.
What you have to do
·
Complete a full switch using the Current Account Switch Service, which closes your old account.
·
Have at least 3 active direct debits, already collecting on the account you switch from, so they move across with the switch.
·
Keep the account, which costs £5 a month unless you pay in £2,000 or more that month.
Who can’t get it
·
You can’t have had a switch bonus from Lloyds / Bank of Scotland / Halifax since 1 January 2023.
·
You can’t switch from a Lloyds / Bank of Scotland / Halifax account to get this one.
When it pays
About 20 days after the switch.
How to start the switch
It has to be a new Club Lloyds account (plain, Silver or Platinum) or a Premier account. A Classic account does not count, and neither does upgrading one you already hold.
1.
Apply for a new Club Lloyds or Premier account on the Lloyds switch page.
2.
When it asks whether you would like to switch an existing account, choose “Yes”.
3.
Enter the sort code, account number and debit card number of the account you are leaving.
4.
Pick your switch date, and check the switch is carrying at least three direct debits.
Read Lloyds’s own terms →
Answer six tap-only questions and we’ll tell you if you can get the Lloyds offer, and which other offers you can take alongside it.
Questions
How much is the Lloyds switch offer?
£200 for switching your current account to Lloyds, as of 4 November 2026. You have to start the switch by 9 December 2026.
Do I need direct debits for the Lloyds switch bonus?
Yes, 3. They have to be collecting on your old account before you switch, so they come across with it.
How long does the Lloyds bonus take to arrive?
About 20 days after the switch.
Can I get the Lloyds bonus if I’ve had one before?
Only if your last bonus from Lloyds / Bank of Scotland / Halifax was before 1 January 2023.