Lloyds Premier vs M&S Bank: Switch Bonus Comparison
- 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
- Full CASS switch required
- 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
Verdict: Lloyds Premier vs M&S Bank
M&S Bank has no monthly fee, while the other charges £15/month.
Lloyds Premier comes with more perks (5 vs 0), including things like bupa family gp & wellbeing subscription.
M&S Bank has no income requirement, while Lloyds Premier requires £60,000/yr.
Frequently Asked Questions
Which has the higher switch bonus, Lloyds Premier or M&S Bank?
Neither Lloyds Premier nor M&S Bank has an active switch bonus at the moment. StoozeMax checks daily and will show one here as soon as either bank launches an offer.
Can I switch to both Lloyds Premier and M&S Bank?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for Lloyds Premier and M&S Bank?
Cooling-off period data is not currently available for these banks. Check the individual bank pages for the latest information.
Which bank is easier to switch to, Lloyds Premier or M&S Bank?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.