Lloyds Bank offers up to £500 to new customers switching accounts

Lloyds Bank is offering up to £500 to new customers who switch accounts. The "Big Switch Bonanza" began February 24 and runs until April 20, 2026. Customers can receive £200 for switching to a Club Lloyds account or £500 for a Lloyds Premier account. Additional cashback is available for opening savings or investment accounts. This promotion is part of a competitive market where banks offer incentives to attract customers, with Lloyds excluding those who received a switching offer since January 2023.