From 1 July 2025, Lloyds Bank is offering £185 to switch to a Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account using the Current Account Switch Service before 28 July 2025.
There’s a £5 monthly fee on all these accounts to access Club Lloyds benefits, but it’s waived if you deposit £2,000 each month. Club Lloyds Silver and Club Lloyds Platinum have fees of £11.50 and £22.50 respectively, plus the £5 monthly Club Lloyds fee which is refunded if you deposit £2,000 per month. The Lloyds Premier account has a £15 montly fee that’s refunded each month you meet the eligibility criteria.
Club Lloyds accounts also come with some tasty perks, including a 12-month Disney Plus subscription.
For a full list of switching deals on the market, you can visit our switching deals guide.
How much will you get?
You’ll get £185 within 10 working days after completing your switch to a new Club Lloyds or Lloyds Premier account.
You could earn up to £90 in interest if you keep a balance of £5,000 in your current account and have 2 active direct debits each month. Interest is paid at 1.50% AER (variable) for balances from £1 to £3,999 and 3% AER (variable) on the amount between £4,000 and £5,000. No interest is paid on the amount over £5,000.
These accounts also come with access to the Club Lloyds Monthly Saver, which pays 6.25% AER, fixed for 12 months. You can save between £25 and £400 each month. If you saved the maximum of £400 at the start of each month, you’d earn £165.64 in interest in a year.
In terms of perks, you’ll get to choose a lifestyle benefit, which could be a Disney Plus subscription, cinema tickets, Coffee Club and Gourmet Society membership or a magazine subscription.
The Silver and Platinum accounts come with AA breakdown cover, travel insurance and mobile phone insurance.
The switching offer and the interest you could earn in the first year would take you to £440.64, with the other extras a bonus.
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This deal is available for UK residents aged 18 and older. New and existing customers can apply.
How you can get the £185 switching bonus
To qualify, you need to open a Club Lloyds Account (£5 monthly fee), Club Lloyds Silver Account (£11.50 monthly fee plus £5 Club Lloyds monthly fee) or Club Lloyds Platinum Account (£22.50 monthly fee plus £5 Club Lloyds monthly fee). The £5 monthly fee is waived on all accounts if you deposit at least £2,000 each month. The offer also applies to the Lloyds Premier account which has a £15 monthly fee that’s refunded each month you meet the eligibility criteria.
You need to use the Current Account Switch Service to transfer a minimum of 3 active direct debits and close your existing account held with another bank to be eligible for the £185 bonus, which is paid within 10 working days after the switch is complete.
The exclusions
You won’t receive the bonus if:
You’re switching to a Lloyds Bank current account other than the 4 named above
You switch into an existing account
You’ve received a bonus for switching to Lloyds Bank, Bank of Scotland or Halifax Bank since April 2020
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio
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Find out how you can open a new current account with NatWest and take advantage of the latest switching bonus.
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