How much is the Lloyds Premier switch bonus?

Lloyds Premier is currently offering a £500 bonus when you switch your current account using the Current Account Switch Service (CASS).

What are the requirements for the Lloyds Premier switch bonus?

You need to complete a full CASS switch to Lloyds Premier, 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 Premier 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 Premier's processing times.

Does Lloyds Premier have a monthly fee?

Yes, Lloyds Premier charges £15/month. Over 6 months this costs £90, making the net bonus value £410.

Can I switch to Lloyds Premier 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 Premier typically has a cooling-off period of 12 months. Check the specific eligibility rules on this page.

Banks / Lloyds Premier

Lloyds Premier

Part of Lloyds Banking Group

£500

Net £410 after £90 fees

Switch bonus64% recommend

The Lloyds Premier current account switch bonus is £500 (net £410 after fees). Offers are checked and updated daily.

Quick Facts

Bonus

£500

True value (after fees)

£410

Offer type

Bank switch

Cooling-off

12 months

Monthly fee

£15/mo

Min income

£60k+

Banking group

Lloyds Banking Group

Avg days to payment

23 days

Requirements

Pay in £5,000/month (or hold £100k+ in Lloyds savings/investments)
Full CASS switch with 3 active direct debits
Spend £200 on debit card within 35 days
Account opened on or after 24 Feb 2026

Perks

Bupa Family GP & Wellbeing subscription
1% debit card cashback (up to £10/month)
Disney+ Standard with Ads (or cinema tickets/lifestyle benefit)
0.2% mortgage discount
6.25% Regular Saver

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