Club Lloyds review: The best bank account for freebies?

The Club Lloyds might not be the best bank account out there, but it's hard to beat for freebies.
In this video I'll take you through how to avoid the monthly fee, whether to choose cinema tickets, movie rentals, magazine subscription or a dining card as your Lifestyle Benefit, whether the app is any good and switching offer news.
The latest Lloyds Bank switch offer becleverwithyourcash.com/new-...
W A T C H N E X T
My monthly savings and current account updates • Why I won't put saving...
Monzo vs Chase vs Starling • Monzo vs Starling vs C...
#Bankaccounts #currentaccounts #ClubLloyds
00:00 Fee and how to avoid it
01:49 Club Lloyds freebies (Lifestyle Benefits)
05:48 Club Lloyds savings rate
07:10 0% Overdraft
07:57 Lloyds Bank app features
11:27 Lloyds switch offers: should you wait?
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / andyclevercash
I N S T A G R A M - / andyclevercash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
B L O G - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[@BeCleverWithYourCash]

If you want to read more, here's my review on the blog becleverwithyourcash.com/club-lloyds-review/

[@thisispw]

Thanks Andy great info again as always.

[@BeCleverWithYourCash]

Glad it helped

[@sidkings]

Lloyds, Halifax and Natwest have vastly improved their apps in recent times. I'm impressed by them as far as High St banks go.

[@hedwigwendell-crumb91]

Absolutely love the Halifax app 🧡

[@BeCleverWithYourCash]

Yes, it’s catching up for sure

[@smoothie9931]

They have? I see Natwest has massively overhauled it, to a better standard than challenger banks now. Haven't seen much of a change from Lloyds of Halifax yet though :/

[@OliverDykes]

Natwest are really good now days

[@trevormackenzie7363]

Lloyds bank app

[@candyvanityheals7715]

Thanks for explaining this

[@BeCleverWithYourCash]

No problem!

[@andrewmeasures2312]

Hi Andy. Another great video thanks. I've got a Flex Plus account with Nationwide. It's £13.00 a month but it includes worldwide travel insurance, worldwide mobile phone insurance and UK and European breakdown cover.

[@naha3856]

Hi Have you ever made a claim? did they give you money in emergency situations?

[@andrewmeasures2312]

@@naha3856 No Andy I have not made a claim yet. Is the insurance not worth the paper it's written on?

[@BeCleverWithYourCash]

Thanks Andrew. Yes the Nationwide one is generally regarded as the best packaged account. Need to do a video on them all!

[@ladymallowyt]

I've had the magazine subscription for a while. It's a really great offer

[@queenandclarenceofficial.]

💬💬🔝🔝Let's talk now I have something to share with you

[@MrRawMonkey]

I use my Lloyds gourmet card at my local Chef and Brewer pub but the card has no usage at some locations due to a lack of member restaurants. Overall for me it has saved me a great deal of money.

[@BeCleverWithYourCash]

Good to hear you’ve benefited

[@96s40]

There were higher switch rewards available than the Club Lloyds £150 offer, but tbh: 6 cinema tickets amounts to about £70 per year at least. Plus the 5.25% fixed monthly saver with a higher maximum monthly deposit (£400) than first direct (£300). Not bad at all 👌🏻 I switched from Starling Bank as, despite having a very nice app and non-commission abroad, the savings products/interest rate/ rewards are pretty dismal/ non-existent.

[@benwhite7005]

Hi Andy, do you know what day of the month they charge the £3? and if you cancel shortly after receiving the incentive payment, will you still get your cinema tickets or other selected benefit. Thanks

[@jazzleman]

Hi Andy, how do they issue the cinema tickets? Thanks for the speedy KZbin update!

[@BeCleverWithYourCash]

Think it’s email

[@jazzleman]

@@BeCleverWithYourCash thanks!

[@Richard_Barnes]

I only got this account for the interest and the freebies. I had the cinema tickets until last year and then let the wife have the magazine subscription. Brilliant for free 👊🏻👍🏻 We’ve seen some awesome films and this year, we’ll be at the cinema again.

[@BeCleverWithYourCash]

You could always get an account each (and even a joint one on top) to get more freebies!

[@Richard_Barnes]

@@BeCleverWithYourCash yeh of course! 🤦🏻‍♂️ 😂 that could be an option for the future.

[@RIP2pacandbiggie]

Is the Lloyd's Bank Platinum visa debit card worth it? I have it but I don't know if I get interest per month/year as my savings account?

[@JM-tc3hk]

I have a club Lloyds account and find it to be fairly decent. I make use of the cinema tickets which are sent via email when you chose your offer annually. The interest rate isn’t amazing although not bad I suppose when you consider most current accounts don’t come with interest. One thing that wasn’t mentioned was the everyday offers feature the account has which allows you to earn a percentage on certain purchases if you have activated the offer in the app. The cash back is paid into the account the following month.

[@BeCleverWithYourCash]

Yeah, it’s in my written review and decided not to mention it here as I find these offers (same at NatWest, Santander etc) are rarely that useful - though it’s not to say you won’t find the perfect one for you!

[@nicolaecandalea9099]

How much overdrafts do you have

[@MrSegu506]

How would they send you the Disney subscription? , so they send an email with logins and PW or is there some other way?

[@AMGA1099]

Club Lloyd account also offers 50% product fee cashback when remortgaging to Lloyds.

[@queenandclarenceofficial.]

💬💬🔝🔝Let's talk now I have something to share with you

[@lloydjones7925]

I was not aware of this - this is certainly very useful to know.

[@gulshankhan78]

Will i get new cinema tickets from Lloyds if i use the 6 and then close and open a new club Lloyds?

[@wanem1622]

12:35 Like which one??? which is the best/easiest/free/least impact on your file/instant/ and maybe, maybe has some sort of benefit apart from just being ready to switch..... etc

[@queenandclarenceofficial.]

💬💬🔝🔝Let's talk now I have something to share with you

[@yassarzahid9895]

Hi Andy, you have great content 👍 I try my best to watch your videos when it appears on my yt feed. I had a question about switching bank accounts. I have a starling account, can I switch from that to a Lloyd's current account?

[@BeCleverWithYourCash]

Yes, you can switch starling to Lloyds if you like. Glad the content is useful

[@TotoRiiiiina.a.aZzZ810__]

So if i have 6000£ on the and of the month how much they will pay in account ?

[@andypiper579]

Can you set up a children's account up if your with Lloyd's your self

[@jellyboy123]

can i throw in the same 1,500 in and out every month

[@benmitchell3501]

Hello Andy, quick question what is your number one bank for wages, salary etc? Which bank do you trust the most with your money? Thanks

[@BeCleverWithYourCash]

Big fan of Starling

[@T.Q.]

Go with Barclays. They're solid and will always remain around long after every other bank disappears. These other ones may offer these little extras to lure people in but if you want somewhere you know your money is safe then definitely Barclays Bank.

[@anthonyrobinson-ukcrapslov102]

Personal I would not use Lloyds. Again personally. We use them for work and are only giving us a interest rate of 0.01% on a consistently large sum.

[@BeCleverWithYourCash]

Yes, it really pays to shop around for interest - including business savings

[@robertmills4591]

Any advice for easy quick accounts to open that can be switched from? Ideally ones that only do soft credit checks?

[@theboywaal]

Monzo , Starling take 5-10 mins to open

[@robertmills4591]

@@theboywaal Already have and don't want to lose them in a switch. I suppose I could spare Monzo, but there must be a basic account somewhere I can sacrifice at the alter of switching deals. I guess my main issue is that after recently getting a mortgage, moving, setting up a few new bank accounts, my current Experian score is very low (oddly though, my TransUnion score has been unaffected and is actually really high).

[@theboywaal]

@@robertmills4591 sacrifice monzo for the switch and open chase if you need an alternative fintech

[@DanStoneUK]

thinkmoney is £10 a month but no credit check and quick

[@DanStoneUK]

Also Triodos Bank give us a £60 voucher for signing up and only hits Experian with a credit Check. They are very slow to sign up though.

[@yeaahhmaan]

Can I still get the £125 switch reward if switching my current account from my new Halifax reward current account which I recently claimed the £125 reward from, having switched to that from HSBC? I appreciate Halifax is owned by Lloyds.

[@theboywaal]

That’s what I’m planning to do too

[@BeCleverWithYourCash]

Yes you can, as long as you meet all the Lloyds criteria

[@tylerhawking6017]

If I have a Lloyds current account and update to a club platinum will I get the £150 switch bonus? Or as I’m already Lloyds and not technically switching will it not count? Also with paying in the 1,500, if my salary gets automatically paid into the Lloyds account will that count or do I have to transfer it in myself?

[@skywalker5106]

Did it work

[@markissboi3583]

freebies like flybys and stupid tickets we'll never use waste of time wouldn't waste my time changing my bank

[@queenandclarenceofficial.]

💬💬🔝🔝Let's talk now I have something to share with you

[@AndyK.1]

Still waiting for my magazine 🙄

[@BeCleverWithYourCash]

How long has it been? Lloyds does say it can be a while to get the first issue (can’t remember of the top of my head but read it the other day on their website)

[@AndyK.1]

@@BeCleverWithYourCash I’m a slightly different case in fairness. I downgraded from a gold account last summer. I should of chased it really.

[@theajoytabios9729]

Hi Andy, can I switch a savings acc frm Barclays to qualify and get the switching bonus? Or it must be a current account?

[@JamieBarton1984]

Needs to be a current account unfortunately, it'll get rejected otherwise

[@theajoytabios9729]

@@JamieBarton1984 thank you.

[@BeCleverWithYourCash]

Sadly not, it has to be a current account that’s part of the CASS scheme