Halifax, one of the UK's most recognisable banking names, is set to disappear after 173 years as Lloyds Banking Group takes over. The brand will stop opening new accounts, and all Halifax branches and customer accounts will eventually be rebranded to Lloyds.
Transition Details and Customer Impact
Account numbers and sort codes will remain unchanged, but Halifax customers will need to switch to the Lloyds app for online banking in the coming months. Customers will be notified through the Halifax app, online banking, email, and letter. Jas Singh, CEO of Consumer Relationships at Lloyds Banking Group, said: "As Halifax changes to Lloyds, our Halifax customers will keep everything they know and love today - the same fantastic app design, the same friendly faces in our branches – even the same sort code and account number. But as Lloyds customers, they'll get the best innovation and experiences we offer."
FSCS Protection and Branch Network
The Financial Services Compensation Scheme (FSCS) protection remains unchanged, covering up to £120,000 per eligible person per authorised firm. Funds in existing Halifax accounts will remain separate from balances in new Lloyds accounts. Since early 2025, customers of all brands have been able to use any Halifax or Lloyds branch. Lloyds has not announced any branch closures as part of this update.
Historical Context
Halifax was founded as a building society in Halifax, West Yorkshire, in 1853. It became part of Lloyds Banking Group in 2009, along with Bank of Scotland. The rebranding follows reports that Bank of Scotland has closed nine of its 12 branches between June and October 2025.
