Lloyds Bank is offering an exciting referral deal where customers can earn up to £250 by inviting friends to open qualifying current accounts. Here’s how it works: when you refer a friend, both you and your friend receive £50 once their new account is successfully opened, with the referring customer capped at £250 per calendar year.
The process is simple. Log into the Lloyds mobile banking app and use the ‘Share link with a friend’ feature to generate a personalized referral link. This link is valid for 30 days, during which your friend must open a new current account to qualify. If the link expires, you can generate a new one at any time; however, expired links used to open accounts won’t earn referral payments for either party.
Payments are credited as ‘cash credits’ within 30 working days to the referrer’s oldest Lloyds current account and the friend’s new account. There is no limit on the number of friends you can refer.
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To participate, you must hold a qualifying Lloyds current account—note that Student, Under 19s, and Smart Start accounts do not qualify for the referral program. Likewise, your friend must be a new Lloyds customer with no existing current account, savings account, credit card, loan, or mortgage at Lloyds.
Additional conditions include keeping the new account open for at least seven days and opening the account solely in the friend’s name (joint accounts are excluded). If you have previously been paid under this referral program, you will not be eligible again.
This offer provides a straightforward way for Lloyds Bank customers to earn extra cash while helping friends make the move to Lloyds. Don’t miss the chance to benefit from this rewarding referral opportunity.