How much is the Lloyds switch bonus?

Lloyds is currently offering a £200 bonus when you switch your current account using the Current Account Switch Service (CASS).

What are the requirements for the Lloyds switch bonus?

You need to complete a full CASS switch to Lloyds, which typically requires setting up direct debits and making an initial deposit. Check the requirements section on this page for full details.

How long does it take to get the Lloyds switch bonus?

The switch itself takes 7 working days via CASS. The bonus is typically paid within 2-5 weeks after the switch completes, depending on Lloyds's processing times.

Does Lloyds have a monthly fee?

No, the Lloyds account has no monthly fee, so you keep the full £200 bonus.

Can I switch to Lloyds if I've had an account before?

Most banks require you to be a new customer or not have held an account within a certain period. Lloyds typically has a cooling-off period of 12 months. Check the specific eligibility rules on this page.

What is the Lloyds switch bonus?

Lloyds pays a £200 bonus for switching your current account. Last verified 12 Oct 2026.

What are the Lloyds switch offer requirements?

Switch using the Current Account Switch Service and close your old account. The old account must be from a different bank. Switch three active direct debits from the old account.

Banks / Lloyds

Lloyds

Part of Lloyds Banking Group

£200

Switch bonus64% recommendLow complaintsCompare all banks →

The Lloyds current account switch bonus is £200. Last verified 12 Oct 2026 — offers are checked daily. £200 matches or beats 100% of the 8 Lloyds offers we've tracked — historically an excellent time to switch.

Banks / Lloyds

Lloyds

Part of Lloyds Banking Group

£200

Switch bonus64% recommendLow complaintsCompare all banks →

Quick Facts

Bonus

£200

Offer type

Bank switch

Cooling-off

12 months

Banking group

Lloyds Banking Group

Requirements

Switch using the Current Account Switch Service and close your old account. The old account must be from a different bank
Switch three active direct debits from the old account

Apply for Lloyds

Switching to Lloyds? Get an email on every date that matters

Direct Debits, the requirements deadline, when the bonus is due, when it is safe to cancel, and when you can switch again. No account needed.

Switching toStarting on

Lloyds pays £200 — but what would ALL the banks pay you?

Two questions, no signup: your personalised 12-month plan from every live offer.

Who do you already bank with?

Cash you could move around (savings, premium bonds, old accounts)

£2,191 this year

£1,875 switch bonuses + £202 saver interest + £114 easy-access interest

Switch to HSBC Premierstart now · £100k+ income£500
Switch to NatWest Premierfrom Dec · £100k+ income£500
Switch to Barclaysfrom Feb£300
Switch to Lloydsfrom Apr£200
Switch to Co-op Bankfrom Jun£200

This plan needs 3 active Direct Debits

Lloyds asks for the most, at 3. The same Direct Debits move with you to each account, so 3 live at once covers the whole year — and HSBC Premier and NatWest Premier need none at all.

Track this plan — free

Deadline reminders included. Or just browse the offers.

Want it checked against each bank's rules, with every date? Get a dated Switch Plan — £4.99

Regular Saver

Rate

6.25%

Max monthly

£250

Term

12 months

Est. interest

~£102

Requires a Club Lloyds current account.

Compare all regular savers

Bonus	Type	Started	Ended	Duration
£200	switch	17 Sept 2026	Current	Ongoing

Trend Analysis

Historical average

£175

Trend

Increasing

Offers tracked

Track your Lloyds switch in StoozeMax

Log your switch, track the cooling-off countdown, and get notified when you're eligible to switch again. Free forever.

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Lloyds

Lloyds

Quick Facts

Requirements

Lloyds pays £200 — but what would ALL the banks pay you?

Banking Group — Lloyds Banking Group

Regular Saver

Offer History

Trend Analysis

Compare Lloyds