Lloyds Bank customers have limited time to secure bonus payments worth hundreds of pounds. The bank is running multiple promotional schemes for those willing to switch their current accounts.
Switching Offers
New and existing customers can receive a £200 payment by switching to a new Club Lloyds Account, Club Lloyds Platinum Account, or Club Lloyds Silver Account. Alternatively, a £500 payment is available for switching to a new Premier Account. To qualify, customers must transfer at least three active direct debits and complete the switch via the Current Account Switch Service.
The new account must be opened by Thursday, April 30. Once all requirements are met, the bonus will be deposited into the new account within 45 to 90 days. Full terms are available on the Lloyds website.
Cashback Offers
Lloyds is also offering up to £1,200 cashback for opening a one- or two-year fixed rate cash ISA or an online fixed bond. Customers earn £30 cashback for every £5,000 deposited up to £25,000, then £150 for every £25,000 thereafter, with a maximum of £1,200 for deposits of £200,000 or more.
Additionally, up to £600 cashback is available for transferring into or depositing funds into a new or existing share dealing account or share dealing ISA. The same earning structure applies, with a maximum of £600 for deposits of £100,000 or more.
Transfer requests for these promotions must be submitted by May 31. A calculator tool on the Lloyds website helps customers estimate potential cashback earnings.
