Lloyds Bank £200 switching offer - How to get it and avoid the fees (Jan UK Current Account update)

[@andrewmatthews2138]

Never new holding multiple accounts was a thing. Always thought you could only have one. So glad I found this channel. I now have accounts with linked savings and tried this Lloyds switch with my recent Sterling..just had 200 in my account today. Wow. Thank you so much. Every pound helps in these difficult times.

[@BeCleverWithYourCash]

That’s great!

[@leandromonteiro4420]

@@BeCleverWithYourCash If I switch current savings to silver I earn money?

[@comfortzone5618]

@@leandromonteiro4420 no you need to switch a current account not a savings account

[@MrRaisin56]

Thanks so much Andy! Easiest £200 ever! The money came super quick and I switched to a standard current account before I was charged :)

[@atachishti5968]

Hi Did you downgrade the account before the switch went through?

[@Jugg_J]

​@@atachishti5968 if you downgrade but switch back will the bonus still come?

[@pb871]

Signed up, accepted and switching all sorted out in 20 mins. Nice one Andy!

[@MDRashid0509]

What account did you switch from?

[@pb871]

@@MDRashid0509 Halifax

[@ebec908]

@@pb871 can I switch from Bank of scotland , also sorry for this question , but i kinda don't know alot about switching accounts , i don't have a lloyds account , do i need to open one before using switch service ? Or just use the switch service and it automaticcaly opened , also which lloyds bank ? Silver one ? Please can u answer me ?

[@ebec908]

@@MDRashid0509 how much should i have in my bank ?

[@MDRashid0509]

@@ebec908 keep minium £10

[@PhilUk19]

Great advice. Switched a dormant Starling! Ideal that you don’t need any direct debits

[@missionfitnessarmyfit1466]

Opened account and started switch Monday 16/1/23 - Got the £200 today. Account downgraded, Account closed over the phone... Thanks for the free cash Lloyds!. Switched in a First Direct account I opened recently with a Paypal DD, that had never been claimed

[@ebec908]

I received my £200 this morning , thank u everyone , thanks God 🙏🙏❤

[@MotivationMaster.1]

when did u do if

[@MotivationMaster.1]

when did u do it*

[@ebec908]

@@MotivationMaster.1 on the 2 of Feb , please read the requirements before switching !!!

[@ml6101]

So frustrating, researched this and got really excited just to find out you have to be over 18, I'm 18 5 days after the offer finishes!

[@Tuccsi15]

I just opened a new monzo to get the 200, but they don't let me switch because my card is too new.

[@MDRashid0509]

That's the problem am getting aswel, opened a First direct and a nationwide account to switch but because the cards expires 2028, they go invalid date

[@Proxi2000]

Easiest £200. Took 15 minutes to apply for the account, then got the incentive 4 days later (even before the switch had gone through).

[@comfortzone5618]

Great 👍

[@missionfitnessarmyfit1466]

Same for me!

[@ebec908]

​ can I switch from Bank of scotland , also sorry for this question , but i kinda don't know alot about switching accounts , i don't have a lloyds account , do i need to open one before using switch service ? Or just use the switch service and it automaticcaly opened ? Please can u answer me ?

[@comfortzone5618]

@@ebec908 I answered this for you under another comment

[@ebec908]

@@comfortzone5618 ok thanks do i need a certain amount ( money ) on my rbs account? Sorry for all these questions , But i have no idea

[@AlamalwebTV]

Can you switch from Monzo ?

[@danielo9703]

If I just want to use the account as a dummy, can I just transfer in and out 2000 from another account?

[@ondrav3705]

if I already have lloyds, can I still make a dummy bank account, switch to lloyds account, downgrade, and avoid all the fee?

[@01mememememe]

Another great stream with great advice

[@BeCleverWithYourCash]

Thanks

[@zarix3349]

If I am already an existing customer and have club lloyds account can I upgrande and get this 200pounds for switch?

[@catsuperhighway1294]

Andy, great video thanks. I'm now onto my third switch, Coop-Halifax-Lloyds-Santander. £375 better off so far with no fee's, when the Santander acc completes that's another £200.

[@zhakirahamed]

Will it impact to credit score ?

[@ryanthomas3437]

Do you need direct debits in the switching account?

[@dvdsbl]

I am not sure every month I am going to pay in 2k to avoid the 3£ club Lloyds monthly fee. Can I set up a standing order of 500 pounds that goes in and out regularly just to reach those 2k a month?

[@CottonQueen-kn]

Yes you can do just that!

[@_yt_58]

So a classic account aren't eligible for the £200

[@benchesh]

UPDATE: Sounds like my suggestion below won't actually work :( I'm not eligible but if you can get this I'd definitely go for the Club Lloyds Silver account, use it to get 6 "free" Odeon tickets, then switch away. Assuming you're charged £10, that's less than £2 a ticket for 6 tickets that won't expire for an entire year! An absolute steal.

[@AlexFisher1805]

They expire after you downgrade or close the account

[@wmtarr886]

presuming someone wants 6 "free" Odeon tickets, I always wonder who these "FANTASTIC OFFERS" are aimed at :)

[@benchesh]

@@AlexFisher1805 I'll take your word on it!

[@dij150]

Hi Andy, do you need to switch direct debits and standing orders from the existing account, or can you just set up a dummy account and never pay a penny into it / have any direct debits in it?

[@lewishobson8200]

Hi just wondering if I switch my Monzo account over would I loose my joint account with Monzo ?

[@geetanautiyal]

I just called Lloyds to upgrade from classic to silver account but they said the offer is only available if you switch from another bank to Lloyds and not for the upgrades.

[@BeCleverWithYourCash]

You can upgrade then switch

[@dylansmith3063]

@@BeCleverWithYourCash I have upgraded from a classic account. What do you mean by switch now as my old classic account is gone and all I have now is the silver

[@joshchina1210]

:/ oh, have you managed to get it or not possible

[@mramjidnazakat]

if you have Llyods account, you need to upgrade to silver account, and then switch from another bank to this silver Llyods account to get the 200£

[@jamest4027]

can you open an account , get 200 pounds and then close the account ?

[@missionfitnessarmyfit1466]

Done that today

[@benlang7322]

can i do this if i've just done a switch with halifax?

[@hellangel230]

How much does the bank charge monthly in switching to silver account? Is the amount offer still available?

[@H80989]

Hi andy, i believe you can upgrade from your current account with lloyds and receive the incentive.

[@BeCleverWithYourCash]

You need to switch as well. Just upgrading won’t get you the cash

[@H80989]

@@BeCleverWithYourCash thank! Quick question i have a tuition fee bill for a foreign country which credit card would give me maximum rewards please ? It has to be a non amex card. Thanks andy.

[@emmanuelm777]

@@BeCleverWithYourCash can i upgrade my club llyods to silver o(obviously switch also) but then downgraded it back to club llyods to avoid that £10 fee ? please help many thanks

[@joshchina1210]

@@BeCleverWithYourCash If I have a current account, and switch to silver I won’t get it. What else is it that I need to do please?

[@joshchina1210]

did you manage to do it, I am already with Lloyds if I switch to Silver did you get the money what else did u need to do please ?

[@QuranHakem966]

Can you switch from classic and still get the money

[@painfulorwhat8872]

Can someone explain the simple “downgrade” process with the Lloyds Silver account please. I already have a Club Lloyds account so would need to “downgrade” to the Classic account but there is no info on how to do that. Can’t see any “downgrade” options in the app either. I’d very much like to understand this process. Can anyone help please.

[@MissSudangirl]

there is an option in the app when you click on the account and then the three dots it says change account type. i’m pretty sure you can also call and ask to have it downgraded

[@emmanuelm777]

hey can you let me know if you manage to downgrade the silver to a current classic account as i am in the same boat i have club llyods also and dont know what to do atm. any help would be much appreciated! many thanks!

[@comfortzone5618]

@@emmanuelm777 there is an option in the app to downgrade.

[@emmanuelm777]

@@comfortzone5618 so i can downgrade the silver to classic current accout?? As i already have club llyods

[@comfortzone5618]

@@emmanuelm777 you can downgrade after you receive the switching bonus.

[@therockwalkingtall]

Can you "switch" if you've already got a standard current account with loyds?

[@thebeast9869]

I did this might of f'd up

[@provian]

I can confirm you have to pay the silver account fee on the 2nd of the month. However, it is prorated so i only paid about £2 instead of £10. Not bad, still £198 profit, and 6 cinema tickets!

[@BeCleverWithYourCash]

Thanks for letting me know!

[@jakemorj5498]

So if I opened my account on 12th Feb, got my incentive on 17th Feb but my switch isn’t until 23rd Feb, do you think they would charge for this month? Or would they charge 2nd March and I will be able to downgrade my account before then? Thanks for your advice

[@dariuszzieba874]

I don't want to switch my current account with HSBC cos it is my only one and I don't have dummy account as yet. Where would you recommend to open account to switch to LLoyds silver account afterwards?

[@VnxDriFTzz]

I did the switch from a starling, never got a lloyds bonus before. But looks like they've switched me to just a classic account rather than the silver that I applied for?

[@faltupolapain]

i have a sterling card can i switch to lloyds bank ?

[@isaacharris6465]

If I already have a Lloyds normal account what do I do ?

[@gemmadelaney5171]

So Lloyds to Lloyds does NOT work Sliver account or not as per Lloyds customer service

[@BeCleverWithYourCash]

Yep you have to have switched from a different bank

[@wmtarr886]

do you read the small print, Andy ? I looked at the Lloyds bank offer and it isn't that attractive when you look at the details.

[@BeCleverWithYourCash]

What is it that’s put you off?

[@debbiewade6250]

Andy, wanting to switch a joint Nationwide account to Lloyds but online application form doesn’t allow us to apply in joint names. Do you think this switch will be permitted without going to a branch? Thanks for your videos.

[@delta710]

Hi Andy, I am trying to get to the bottom of the switching game, in short I have already made a couple of switches which obviously results in accounts being closed, I've heard you talk about having a dummy account but surely this does the same whenever you switch? I keep hearing people saying I've made £1000 plus on switching over the course of a year but how are they able to keep this gravy train moving? My first switch was from N/wide to Sant fortunately I still had a savings account with N/wide to be able to re-open a flexdirect - from there I then opened a standard flex account and did a switch with that account to First Direct - surely I can't just keep opening and switching from N/wide like this - I've heard you say something along the lines of becareful doing this (credit score...I think) - Appreciate it if you could advise. Dave B

[@vicks3176]

I already use the Club Lloyds (everyday use) and Platinium account (joint account for DD's). Can I still switch a dummy account from another provider to the 'Silver' and get the bonus?

[@93xHolly]

Does anyone know when this offer will be live again? It expired 2 weeks ago..

[@paulbullen1769]

Worth pointing out, I have applied for this switch bonus and I'm still waiting for approval. They ask some questions about the insurance benefits, so I presume there are maybe some extra checks to do. So unlike most of the switches I've done you might not get a decision straight away

[@richfrommitch]

My missus said no to a couple of those and it refused her, so she redid that bit saying yes and it went through. I said yes to all of it and had no worries.

[@wmtarr886]

@@richfrommitch heh, fib and you'll get the the bonus :)

[@khalivalabi2089]

Does upgrade work from the same bank account? Say I am allowed to upgrade from classic to silver account. I just did that but I think I won’t be getting the 200? Am I right?

[@braddersjunior5342]

to "switch" must i close my another external bank account though and move over all my expenses?

[@Aaron-kb3vw]

hi im already having an account with lloyds so if i just upgrade to silver for now will i receive the £200

[@BeCleverWithYourCash]

You’ll need to switch from a different bank too

[@sameerkhalid6029]

I spoke to Lloyds they said Halifax is not included in this switch offer does anyone have experience with switching from Halifax to Lloyds?

[@cristinadias6043]

Hi Andy, is it mandatory to close my existing account?

[@BeCleverWithYourCash]

When you switch? Yes sadly it is. So I suggest opening up a “dummy” account to use for switching. Search for it on my channel for a video explaining

[@invictus6360]

Hey so I’ve always just had one account but I applied for a metro account to make it into a dummy account to switch to Lloyds 200£ offer but for some reason when I applied for metro online it said we can’t offer you a current account???

[@Goady1000]

If I got a Halifax switch offer a month ago I can still get lloyds one as well?

[@comfortzone5618]

Yes!

[@ebec908]

@@comfortzone5618 what does lloyds mean by (requirements club lloyds account : have two direct debits ) ??

[@St0ffel]

I got my last switching incentive of £100 on Sep '20 so won't qualify unfortunately.

[@SamuriLemonX18]

You could have someone else do it and split the cash?

[@ebec908]

Satander also gives £200

[@jsteadman9262]

Same but tried it anyway as other have still been receiving it

[@katietaylor8152]

So am I understand this right? I've got a lloyds account I upgrade that to the platinum (through the app) and then switch my unused monzo account using the switch guarantee link after I've upgraded my original lloyds account.. sorry a complete novie here and don't want to mess my accounts up.. thank you

[@BeCleverWithYourCash]

Yep that’s right

[@katietaylor8152]

Please could you Pop the link inf ro the switch guarantee

[@bhavikjain98]

Hey Andy, I went in to a Lloyds branch and enquired there about the terms of switching the account back or downgrading it. They told me that if we switch or downgrade to another account, they will take back the £200 and if there’s no money in the account it’ll go into arranged overdraft. Do you think this is true as I haven’t seen this condition anywhere?

[@gwenjun6170]

Same question. As the person from Lloyds bank told me that I have to hold the silver account for at least 3 months and then you are only allowed to downgrade it or else they will take back the £200. So, May I know shall I downgrade it once I get that £200?

[@hornetcarp]

@@gwenjun6170 i would be surprised if they did this?! is it in the t&cs anywhere?

[@joshuaduncan2866]

Just have a quick question as I can’t find any answers. I currently have a Club Lloyds account, am I eligible to get the £200 if I upgrade my account to either the silver or platinum? Cheers

[@BeCleverWithYourCash]

Yep, but you need to switch from another bank too. Plus the offer is closing early on 7 March

[@LengGooner]

Can you switch from a basic account?

[@comfortzone5618]

Yes you can! Also take advantage of the new Santander switch aswell

[@CottonQueen-kn]

So I tried to upgrade my club Lloyd's to silver club lloyds but anywhere in the process it ask me if I want to switch. I don't want to pless 'complete upgrade application' without switching. Is it 2 separate processes? If so which one do I do first?

[@BeCleverWithYourCash]

Yes separate. Upgrade first

[@leandromonteiro4420]

If I switch current savings to silver I earn money?

[@ebec908]

No saving accounts!

[@matthewslack9633]

Can you switch from starling bank?

[@BeCleverWithYourCash]

Yes you can

[@matthewslack9633]

@@BeCleverWithYourCash thankyou Andy in love with your content. Just opened my three halifax reward accounts for the £5.00 reward on each. Decided to switch away from Natwest in the end.

[@kevinbryant2367]

If you have a Club Lloyds Silver and use it as you main bank account and pay in £4300 a month the £10 charge is reduced to £8 per month and obviously you don't pay the £3 club fee either so £8 for all the benefits. I am already a Club Lloyds silver account holder and was thinking of opening a dummy account to switch in, do I need to wait for any length of time or just initiate the switch to Lloyds straight away?

[@leandromonteiro4420]

If I switch current savings to silver I earn money?

[@comfortzone5618]

You can switch straight away

[@comfortzone5618]

@@leandromonteiro4420 no, you must switch a current account

[@SamuriLemonX18]

Just opened a Monzo dummy for this. Do I need to wait at all or can I switch right away? Also should I make sure to have at least £10 in the account in the event I do get charged?

[@comfortzone5618]

Yes you can switch straight away. Yeah to be safe you can keep 10£ in the account just incase

[@SamuriLemonX18]

Update: You can't switch right away because the Lloyds application form sees the card expiration of 01/28 as invalid since it thinks it's in the future. Have to wait till 1st Feb

[@comfortzone5618]

@@SamuriLemonX18 I did not have that problem. I opened Barclays basic and switch straight away without problem.

[@anivolley83]

Hi Andy, I have 2 flex accounts on Nationwide bank. Do I qualify gor the bonus if I switch only one of them and keep the other one? I will appreciate your answer, Thanks!

[@lukesaunders9321]

Yes you will qualify. I did something similar and used the extra account to just switch it and stay the the bank I really wanted

[@anivolley83]

They rejected me. I don't know the reason!

[@MDRashid0509]

Did you have two flex direct account or the normal flex accounts

[@ebec908]

@@lukesaunders9321 ​ can I switch from Bank of scotland , also sorry for this question , but i kinda don't know alot about switching accounts , i don't have a lloyds account , do i need to open one before using switch service ? Or just use the switch service and it automaticcaly opened , also which lloyds bank ? Silver one ? Please can u answer me ?

[@comfortzone5618]

@@anivolley83 you have to do a full switch not a part switch. Try again! Someone on these thread said they were rejected and tried again answering yes to questions re insurance etc.

[@anyasyht]

Amazing video! Can I use the Halifax Reward card to pay the balance on my BA American Express Premium Plus Card, would that qualify under the requirement of spending £500 on my debit card?

[@comfortzone5618]

Yes, I believe it will

[@davi.v9963]

Great content, thanks! I opened a Lloyds Club account months ago and got freebies (cinema tickets), still eligible to upgrate and get the £200 incentive?

[@Tuccsi15]

They only give you the 200 if you switch a different bank to theirs. It doesn't work with upgrade.

[@aishabegum5377]

@@Tuccsi15 no it says you can switch from a lloyds account to any theyve mentioned and still recieve it

[@khalivalabi2089]

@@aishabegum5377 oh really.. I read different. I just upgraded my classic account to silver but I don’t think I would be getting it.

[@Khan-ri2bu]

I made the switch before upgrading to silver account. Will i still get the incentive? Somebody reply please

[@sebamarg1604]

I still did not get the money and its been about 10 days

[@ebec908]

It's 10 to 13? What happened?

[@MDRashid0509]

When making the switch, you have to put the details of your old accounts debit card, when I put the expiry date, January 2028, it goes invalid date for some reason....

[@missionfitnessarmyfit1466]

Did the same for me so I changed it to 2027 and it accepted it

[@MDRashid0509]

@@missionfitnessarmyfit1466 was that the correct expiry date 2027

[@MDRashid0509]

@@missionfitnessarmyfit1466 my card expires in 2028, would the switch go through if I put 2027

[@missionfitnessarmyfit1466]

@@MDRashid0509 Mine did so I’d assume yours would as wel

[@missionfitnessarmyfit1466]

@@MDRashid0509 No, correct date was 2028 but Lloyds wouldn’t accept it, but accepted the 2027 date and the switch went ahead

[@gooner9772]

Are you eligible if you switch from TSB?

[@comfortzone5618]

Yes!

[@fablo7830]

Lloyds and TSB aren't part of the same banking group anymore; TSB's owned by some Spanish bank.

[@MDRashid0509]

If your old debit card is new and expires 2028, it won't allow you to switch, that's the problem am getting....

[@RachelFayLovelyDay]

Hey Andy, any crystal ball ideas when First Direct might move the restriction re. having a previous account with HSBC? It's been stuck at "since January 2019" for what seems like years now.

[@BeCleverWithYourCash]

It’s on the 27th Jan I think!

[@Sam-pn2kc]

I wish the 10 quid a month included no foreign trans action fees whats wrong with lloyds

[@jxeyu]

Do you know why my FD bank is being rejected for a switch by Lloyds before completing the bank application?

[@richfrommitch]

FD rejected my MIL (switching from Monzo). I think they're just pricks.

[@comfortzone5618]

Not sure, give them a ring to ask! My FD switch went through with no issues

[@jxeyu]

@@comfortzone5618 Ive switched to Santander instead since they offer £200

[@comfortzone5618]

@@jxeyu brilliant

[@MDRashid0509]

Everyone.... Santander, have just announced a £200 cashback switch offer...

[@comfortzone5618]

Sadly I don’t qualify because I just did a Santander switch for 175

[@MDRashid0509]

@@comfortzone5618 aww sorry, have you done the lloyds one then

[@comfortzone5618]

@@MDRashid0509 yes, I have completed all so far! Santander,FD, Lloyds, Halifax, NatWest and nationwide.

[@emmanuelm777]

@@comfortzone5618 are you still going to try though or? I also got the £175 last year wel i actually got the money this january😅 you think I’ll be able to get offer if i do it next month or in march??

[@MDRashid0509]

@@comfortzone5618 Lloyd's don't allow me as my card expires in 2028, when putting the expiry date they go it's invalid for some reason

[@ItsR0by]

I already have Lloyd’s account, I upgraded it to silver account. Will I still get 200£? I had no account to switch, I just switched my standards Lloyd’s to silver one does it count?

[@dylansmith3063]

I have just done this have you had any luck?

[@bapoleonnonaparte6568]

@@dylansmith3063 just done this any luck?

[@KayKona]

@@bapoleonnonaparte6568 any luck?

[@bapoleonnonaparte6568]

@@KayKona nothing so far bro, from what I understand you need a dummy account with another provider and then switch

[@JzDz-oy6du]

Great video. Personally I wouldn't go to Lloyd's though. I have experienced really bad customer service.

[@RearViEwmirror-3]

Same

[@SamuriLemonX18]

Switch over, then over to First Direct for another £175 and 7% saver account

[@JzDz-oy6du]

@@SamuriLemonX18 Already did :)

[@hannah60000]

Never had any issues with Lloyds. Of course, each to their own.

[@SamuriLemonX18]

Hey Andy, I was wondering if you'd considered talking about Microsoft Rewards in a video? It's a pretty effortless way to earn a £5 gift card every month and if you max it out you can have an Xbox Gamepass subscription pay for itself (£132/year!) among other things

[@Goady1000]

I used to but got bored when it gave you the search bing 50 times, no thanks. Google for one but also the fact it never registered bing searches on my phone. I used to just search a, b, c, d and 1, 2, 3, 4 lol

[@SamuriLemonX18]

@@Goady1000 A quicker way it to just search something on Bing images and click the various suggestions it gives you. Takes about 3 minutes to max out the PC searches and 2 minutes on mobile. I never actually use Bing for my actual searching lmao

[@wmtarr886]

i am getting offers like this too :(

[@khloeandus574]

I’ve switched from Lloyds current account to silver account on 18th jan don’t no if I get the £200

[@BeCleverWithYourCash]

The switch needs to be from a different bank, so if you’ve not done that you can still take advantage

[@HK-lh2lo]

Does anybody know answer to my question 🤔. My switch is planned for 14th of February but I already got the £200 so even before switch is completed. Can I just change account to "free current" account within Lloyds or should I rather wait till switch is completed? Many thanks

[@MotivationMaster.1]

how long did it take to get the money

[@HK-lh2lo]

@@MotivationMaster.1 in my case cca 4 days

[@alcurtis93]

Last did one in may 2020. V unlucky. I'm not sure I definitely switched but I likely did knowing me 😂

[@BeCleverWithYourCash]

Check your statements to see if you got the money! Just to be sure

[@alcurtis93]

@@BeCleverWithYourCash I closed the account. Tried logging into online banking but no longer available. how do I request old statements?

[@alcurtis93]

@@BeCleverWithYourCash I actually switched to HSBC and they paid the bonus even though I had bonus from first direct year before. Got v lucky

[@jamiew5227]

I have been with Lloyds Bank before but never had a switch incentive from them. Do I still qualify?

[@comfortzone5618]

Yeah as long as you have not had the switching bonus since 2020

[@ebec908]

@@comfortzone5618 ​ can I switch from Bank of scotland , also sorry for this question , but i kinda don't know alot about switching accounts , i don't have a lloyds account , do i need to open one before using switch service ? Or just use the switch service and it automaticcaly opened , also which lloyds bank ? Silver one ? Please can u answer me ?

[@comfortzone5618]

@@ebec908 yes, you can switch from RBS! Once you do the switch it will open the account so no need to open the account first. You need to switch into Silver, Club Lloyds Silver, Platinum or Club Lloyds Platinum account to get the bonus. There is a fee for each of these account but don’t worry you can downgrade after getting the bonus.

[@ebec908]

@@comfortzone5618 are u sure ? No need to sign up for one , my rbs do everything automaticcally , really ?

[@ebec908]

@@comfortzone5618 also do i need a certain amount in my rbs bank account ?

[@gemmadelaney5171]

I haven’t got my £200 While we wouldn't be able to comment on any KZbin videos or their content Gemma, in order to receive the switching offer, you must: Use the ‘Current Account Switch Service’ to transfer all the active credits and debits from the bank account that you hold with another bank to your Qualifying Account. The ‘Current Account Switch Service’ will close your old account with the other bank; and start your switch from your old bank to your Qualifying Account from the 10/01/2023 and the 07/03/2023. You are not eligible for the offer if: You change your existing account to a Qualifying Account, but you do not move your account from another bank using the ‘Current Account Switch Service’ before the switching deadline. I hope this info helps. ^Stephen

[@robbieeccleston1312]

Hi Andy, how often do you recommend doing this switching bonus’, don’t wanna do it too much on a short amount of time and have it affect credit score/report

[@richfrommitch]

In the last few months I went from Monzo to First Direct to Santander to Nationwide to Lloyds. Went from 631 (excellent) to 614 (good) on Credit Karma. Not arsed though because that's 750 quid.

[@OEclecticismO]

And correct me I'm wrong but that impact to the score should reverse after a while

[@missionfitnessarmyfit1466]

@@OEclecticismO The score is some made-up number. Companies can't see it when they credit score you for products, they only care about payment history electoral role etc....

[@supaste]

Best way to be sure is to check your credit score. Last i checked my TransUnion score dipped by 4 points after a first direct switch but recovered the next month. Your mileage may vary.

[@MDRashid0509]

@@richfrommitch did santander have any switch offers???

[@liamcatterson9534]

It's a shame unfortunately I can't take part in this my credit score is too low and to be able to qualify for this you have to take an overdraft with the deal

[@jsteadman9262]

No you don't have to take out an overdraft

[@liamcatterson9534]

@@jsteadman9262 that's interesting because I recently applied for the Halifax bank and I wasn't eligible to apply for the overdraft so I didn't receive I left

[@jsteadman9262]

@@liamcatterson9534 I don't remember that ever being a requirement for the switch offers. It's as simple as applying for the account, I did the silver, to be eligible you need to get use of the benefits, such as the insurance. After that, switch an old account into it from a different bank and it's done. Wait for your money then downgrade to avoid fees.

[@liamcatterson9534]

@@jsteadman9262 at the moment and overdraft is something that I'm really relying on and if I switch I will lose I may not be able to get an overdraft again due to my credit limit so low

[@catsuperhighway1294]

I switched to a Halifax account 8 weeks ago for the £175 deal, can I switch that account to the Lloyds bank with no penalties?

[@comfortzone5618]

Yes you can!

[@jamiew5227]

yes

[@catsuperhighway1294]

Thankyou for taking the time to reply

[@sandrabrown7338]

Have a club account can I upgrade to silver and get the £200 or does it have to be from another bank to switch

[@adumowumo]

So if I’m on a normal club Lloyds account and upgrade would I be eligible

[@comfortzone5618]

Yes you will still need to switch into the account from a different bank

[@emmanuelm777]

HEY ANDY WHAT IF I ALREADY HAVE CLUB LLYODS ATM CAN I EASILY MAKE IT AND THEN DOWNGRADE TO CLASSIC MAYBE FROM SILVER ? also i got the 125 switch offer last week, but apparently some people still received the £200 switching offer. can anyone help me on this please ? many thanks!

[@acmramon]

Will you lose for good the account you use for the switch?

[@painfulorwhat8872]

I’m no expert but I’m sure that if you use the CASS, which you must to get the bonus, then the original account is shut down completely yes.