Lloyds Bank: £200 (Club Lloyds) or £500 (Lloyds Premier)
Lloyds bank has launched a new switch incentive for people that haven't received free cash from them since January 1st 2023.
The account also comes with a 'free' Disney+ subscription or cinema tickets. We'll dive into that later in the post.
Lloyds Bank is also offering £500, but only if you meet high income thresholds. You can read our post about it here. It might be worth checking if you're eligible for the £500 before applying for the £200 offer.
Both offers expire on 30th April 2026.
How To Qualify For The Club Lloyds Bank Switch (£200)
- Switch via CASS from an account at a different bank
- Close your old account as part of the process
- Transfer three active Direct Debits across
- Spend at least £200 on your Lloyds debit card within the first 35 days
- Bonus paid within 45 days of the switch completing
How To Qualify For The Lloyds Premier Bank Switch (£500)
- Switch via CASS from an account at a different bank
- Close your old account as part of the process
- Transfer three active Direct Debits across
- Spend at least £100 on your Lloyds debit card within the first 35 days
- Pay in £5,000 in the first full calendar month, or hold at least £100,000 in qualifying Lloyds savings or investments throughout that month
- Bonus paid within 45 days of the switch completing
What accounts are eligible for this offer?
- £200 offer: Club Lloyds, Club Lloyds Silver, or Club Lloyds Platinum
- £500 offer: Lloyds Premier account
Who Cannot Apply For This Offer:
- Anyone who received a switching bonus from Lloyds, Halifax, or Bank of Scotland since 1 January 2023
- One offer per person (existing customers can apply if the above restriction is not triggered)
Club Lloyds Account Fees and Benefits
It's worth noting that you need to be a member of Club Lloyds to get the free cash incentive, and the additional perks of Disney+ or cinema tickets.
If you plan on using this account as your main account where you get your salary paid in, you might get the Club Lloyds fee reimbursed, at which point the Disney+ subscription is actually free.
However if you don't pay in £2,000, you will continue to be charged the £5 account fee. And in case you're wondering, Disney+ is £5.99 per month (with ads)...
Monthly Fee: £5 (waived if £2,000+ is paid in monthly).
- Lifestyle Benefits: Choice of annual benefits including Disney+, Coffee Club, or cinema tickets.
- Key Perks: No debit card fees abroad and exclusive savings rates.
