"To get the £200 switch bonus, you have to use the free Current Account Switch Service to shut your old bank and open a Club Lloyds account, moving at least three existing direct debits as part of the switch (such as a household bill, phone contract, and so on). Once your new account is open, you have to spend £100 on your debit card within 35 days."
"Current account switch offers are commonplace to get consumers to move banks or building societies, which, aside from the bonus cash, can be great to get access to better savings rates, local branches or higher levels of customer service than your existing brand offers."
Lloyds Bank has relaunched its £200 current account switch offer, one of the most lucrative available. Current account switch offers incentivize consumers to move banks or building societies, providing benefits beyond cash bonuses such as better savings rates, local branches, or improved customer service. The Lloyds offer requires using the free Current Account Switch Service to close an existing account and open a Club Lloyds account, transferring at least three direct debits. Customers must then spend £100 on their debit card within 35 days. Meanwhile, another popular switch offer is being withdrawn within a week, prompting consumers to act quickly to secure it.
Read at www.independent.co.uk
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