Lloyds Bank has launched a new £200 current account switching bonus, available to both new and existing customers. The offer runs from October 2 until December 10 and applies to those switching to a Club Lloyds account,

Lloyds is offering new current account customers a £200 cash boost to switch to the bank. The money will land in accounts within three days of the switch completion, but there are a few conditions people must meet to qualify.

Lloyds Banking Group confirmed in a post on X that there was an issue and that it was working to fix it as soon as possible

The bank, which is rivalled by the likes of HSBC UK, NatWest, Nationwide, Santander, TSB, and more, is offering a new switching deal paying £200 straight to your account.

Bank payments could be delayed by up to three days under new rules that would give banks more time to investigate potential fraud. The Government said it was proposing laws that will extend the time that payments can be stalled by up to 72 hours.

Between 2 October and 10 December, customers can make use of the Current Account Switch Service to move their account.