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Lloyds Bank Offers £500 Bonus to New Switchers with Premier Account

Lloyds Bank is inviting customers to switch to its Premier account with a generous £500 bonus, accompanied by an array of added benefits. This offer is available to anyone who opens a Lloyds Premier account using the Current Account Switch Service by April 30, 2026.

To qualify for the bonus, new account holders must either pay in £5,000 monthly or maintain at least £100,000 in qualifying savings or investments with Lloyds. The bank will also refund the £15 monthly account fee for those meeting these criteria.

Additional conditions for earning the £500 bonus include setting up three active direct debits, spending at least £200 on your debit card within the first 35 days, and meeting the deposit or savings requirement in the first calendar month of account opening.

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Beyond the financial bonus, customers enjoy a range of perks, such as 12 months of Disney Plus Standard with Ads, cinema tickets for Vue or Odeon, a magazine subscription, or memberships to the Digital Coffee Club and Gourmet Society.

Simon Caddick, Lloyds’ savings director, emphasized that this new offer aims to provide customers with more choices and incentives to take control of their finances. Whether starting to save, investing in an ISA, or seeking smarter banking solutions, these perks are designed to make managing and growing money easier and more rewarding.

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