In a major move to attract new customers, high street banking giant Lloyds is launching a generous cash giveaway. The bank is offering a hefty £175 free cash simply for switching your everyday current account to them.
This competitive switch offer is a significant boost for anyone looking to get more from their bank. It's a straightforward way to earn a substantial sum of money just for moving your banking business.
How To Claim Your £175 Free Cash
The process to get your hands on the money is designed to be simple:
- Use the Current Account Switch Service: This guarantees your old account will be closed and all payments will be automatically moved across to your new Lloyds account.
- Switch within 60 days: You must complete the switch within 60 days of opening your new Lloyds account.
- Deposit at least £1,500: You'll need to pay in a minimum of £1,500 within the first 60 days.
- Set up two Direct Debits: You must have at least two active Direct Debits transferring from the new account.
Once you've met these conditions, the £175 will be paid into your new account within just 10 working days.
Important Terms and Conditions
While the offer is attractive, it's crucial to be aware of the eligibility criteria. This offer is not available to existing Lloyds Banking Group customers, including those with accounts at Halifax, Bank of Scotland, or MBNA. The deal is exclusively for new customers joining the group.
This type of cash incentive has become a popular tool for banks looking to grow their customer base in a highly competitive market. For consumers, it represents a real opportunity to be rewarded for their loyalty.
If you've been considering a change in where you bank, this limited-time promotion could be the perfect incentive to make the move and get a significant financial reward for doing so.
