Lloyds bank customers could wake up to £175 bonus payment 'within 72 hours'

LLOYDS BANK, WHICH IS PART OF THE LLOYDS BANKING GROUP, IS OFFERING THE CASH TO PUNTERS WHO SWITCH FROM ANOTHER BANK TO A CLUB LLOYDS ACCOUNT. 06:16, 18 Feb 2025 A major UK bank is set to

give customers £175 free cash direct to an account in a new switch offer. Lloyds Bank, which is part of the Lloyds Banking Group, is offering the cash to punters who switch from another bank

to a Club Lloyds account. If they do so before April 1, customers can secure the cash which will be deposited to your account within 72 hours. Perks and benefits with the account include a

12-month subscription to Disney+, or a choice of six Vue or Odeon cinema tickets, a magazine subscription, or a digital Coffee Club and Gourmet Society membership. "Customers can also

take advantage of Everyday Offers, providing cashback when shopping at select retailers and it’s easy to sign up to Save the Change when using a debit card," the bank said. "The

service works by rounding the spend to the nearest pound and transferring the change to a nominated savings account. READ MORE UK FACES 330-MILE SNOW STORM WITH '12 INCHES' AND -7C

TEMPERATURES HITTING "The Lloyds app also makes everyday banking on the go easy - customers can access a range of features including card controls, subscription management and checking

credit health, with the app using the latest tech to keep customers and their money safe." Article continues below Andrew Hagger, a personal finance expert at Moneycomms added:

"On the face of it, the list of benefits looks impressive. As long as you meet the £2,000 monthly income criteria to avoid the £5 monthly fee, then it looks a decent deal. "The

Club Lloyds Platinum and Club Lloyds Silver are packaged bank accounts and come with monthly fees of £22.50 and £11.50 respectively - just make sure you'll make good use of the benefits

on offer with these accounts otherwise it may not work out good value. "If you're someone who goes overdrawn from time to time you may be better off looking at First Direct - also

offering £175 switch incentive and 7 per cent regular saver. Article continues below "With First Direct the first £250 in overdraft is interest free whereas Lloyds charges up to 49.9

per cent depending on your credit record."