Latest news with #ClubLloyds
Yahoo
a day ago
- Business
- Yahoo
Lloyds Bank issues debit card and PIN warning to thousands of customers
Lloyds Bank has warned customers they can no longer pay in cheques using a pay-in slip at their nearest Post Office - from next week. Instead, you'll need to use your debit card and enter your PIN. A Lloyds Banking Group spokesperson told The Sun : "Most customers use our app as the easiest way to pay in a cheque, by taking a photo on their phone and letting us take care of the rest. Very few customers are choosing to deposit cheques in at the Post Office." This week, Lloyds Bank raised the monthly fee for its Club Lloyds packaged bank account from £3 to £5. However, customers who deposit £2,000 or more each month can still avoid paying this fee. READ MORE: 'Absolutely epic' new attraction moves in to empty Bullring shop after Arket quits READ MORE: Birmingham city centre restaurant to turn into 'quintessential pub' as new plans unveiled READ MORE UK faces 'Spanish scorcher' heatwave with 31C as exact date it starts announced Packaged bank accounts, like Club Lloyds, offer more than just standard banking—they come with extra perks. With Club Lloyds, you receive one lifestyle benefit annually, choosing from options such as a Disney+ subscription, six cinema tickets, a magazine subscription, or a 25% discount on select food and drink brands. In addition, members gain access to the Club Lloyds Monthly Saver, which offers an attractive interest rate of 6.25% gross/AER on savings of up to £400 per month. The account also provides up to 15% cashback at participating retailers. The new £5 monthly fee also applies to the Club Lloyds Silver and Platinum accounts, but these tiers require an extra charge on top of the base fee: £11.50 per month for Silver, and £22.50 per month for Platinum. On a positive note, from April 14 onwards, Lloyds removed foreign currency fees on debit card transactions made in the local currency. However, if you opt to pay in pounds instead of the local currency, fees may still apply. Lloyds explains on its website: 'If you pay for something in pounds sterling, the provider of the currency conversion may still charge you. Some cash machine providers may also charge a fee.' A Lloyds spokesperson said: "Our Club Lloyds range offers our customers lifestyle benefits including Disney+, cinema tickets, and magazine subscriptions, and access to market leading mortgage and savings rates."
Daily Mirror
a day ago
- Business
- Daily Mirror
Lloyds Bank customers hit with huge change ahead of key service being axed
From this week, customers can no longer pay in cheques using a pay-in slip at their nearest Post Office - instead, you'll need to use your debit card and enter your PIN Lloyds, Halifax, and Bank of Scotland have made a major change to how customers deposit cheques at Post Office branches. From this week, customers can no longer pay in cheques using a pay-in slip. Instead, you'll need to use your debit card and enter your PIN to complete the deposit. It comes as part of wider plans from Lloyds Banking Group to completely axe the ability for its customers to deposit cheques at their local Post Offices from this December. It means customers will have to travel to their nearest Lloyds, Halifax or Bank of Scotland branch, or use mobile banking, to deposit cheques. A Lloyds Banking Group spokesperson told The Sun: "Most customers use our app as the easiest way to pay in a cheque, by taking a photo on their phone and letting us take care of the rest. Very few customers are choosing to deposit cheques in at the Post Office." It comes after Lloyds Bank increased the monthly fee on its Club Lloyds packaged bank account this week from £3 to £5. The monthly fee is still waived if you pay in £2,000 or more each month. A packaged bank account is a type of current account that includes additional benefits. Club Lloyds gives you one lifestyle benefit each year - you can choose between a Disney+ subscription, six cinema tickets, a magazine subscription, or 25% off certain food and drink brands. You also get access to the Club Lloyds Monthly Saver which pays 6.25% gross/AER on up to £400 a month, and up to 15% cashback at selected retailers. This monthly fee also applies to Club Lloyds Silver and Club Lloyds Platinum accounts, although you have to pay extra on top for these accounts. You pay an additional £11.50 a month for Silver account, and £22.50 a month for Platinum. But in some good news, Lloyds removed debit card foreign currency fees from April 14. This applies when you pay in the local currency - if you choose to pay in pound sterling, you may still be charged. Lloyds explains on its website: 'If you pay for something in pounds sterling, the provider of the currency conversion may still charge you. Some cash machine providers may also charge a fee.' The interest-free allowance on Club Lloyds arranged overdrafts has also increased from £50 to £100. A Lloyds spokesperson said: "Our Club Lloyds range offers our customers lifestyle benefits including Disney+, cinema tickets, and magazine subscriptions, and access to market leading mortgage and savings rates."
Daily Mirror
3 days ago
- Business
- Daily Mirror
Lloyds Bank making huge change to accounts today with fees increased
Club Lloyds gives you one lifestyle benefit each year - you can choose between a Disney+ subscription, six cinema tickets, a magazine subscription, or 25% off certain food and drink brands Lloyds Bank is increasing the monthly fee on its Club Lloyds packaged bank account from today. The fee is rising from £3 a month to £5 a month. The monthly fee is still waived if you pay in £2,000 or more each month. A packaged bank account is a type of current account that includes additional benefits. Club Lloyds gives you one lifestyle benefit each year - you can choose between a Disney+ subscription, six cinema tickets, a magazine subscription, or 25% off certain food and drink brands. You also get access to the Club Lloyds Monthly Saver which pays 6.25% gross/AER on up to £400 a month, and up to 15% cashback at selected retailers. This monthly fee also applies to Club Lloyds Silver and Club Lloyds Platinum accounts, although you have to pay extra on top for these accounts. You pay an additional £11.50 a month for Silver account, and £22.50 a month for Platinum. But in some good news, Lloyds removed debit card foreign currency fees from April 14. This applies when you pay in the local currency - if you choose to pay in pound sterling, you may still be charged. Lloyds explains on its website: 'If you pay for something in pounds sterling, the provider of the currency conversion may still charge you. Some cash machine providers may also charge a fee.' The interest-free allowance on Club Lloyds arranged overdrafts has also increased from £50 to £100. A Lloyds spokesperson said: "Our Club Lloyds range offers our customers lifestyle benefits including Disney+, cinema tickets, and magazine subscriptions, and access to market leading mortgage and savings rates." It comes after Lloyds, Halifax and Bank of Scotland customers were hit with new overdraft charges from last month. The banking group previously had three overdraft rates, with the cheapest being 27.5% and this was available to some Club Lloyd members. The other rates that were available were 39.9% - this was the standard rate that the majority of customers were on - and 49.9%. Under the new system, the 39.9% remains in place and continues to be the rate most customers are on, and there is also still be a higher rate of 49.9%. But the banking group has also introduced new rates of 19.9% and 29.9%. It means someone who was on the cheapest rate of 27.5% as a Club Lloyds member, could have now been moved to the highest rate of 49.9% - but some customers have also seen their rate go down to the 19.9% rate.
Scottish Sun
3 days ago
- Business
- Scottish Sun
Millions of Lloyds customers have HOURS before a major change to bank's fees – here's how to act
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MILLIONS of Lloyds customers will be hit in the pocket if they fail to take immediate action. The banking giant is hiking fees for selected current account. 1 Millions of Lloyds customers will see fees rise Credit: Getty Customers feeling the sting are those signed up to the Club Lloyds account. The packaged account provides extra benefits including a Disney plus subscription, cashback rewards, and access to linked savings accounts with preferential interest rates. In return, a membership fee is charged. This currently stands at a monthly £3, but is waived when £2,000 or more is deposited into the account each month. However, from today this fee is being hiked to £5 for users. Customers could end up paying an extra £24 a year if they do not meet the £2,000 threshold. This change will also affect customers with Club Lloyds Silver and Club Lloyds Platinum current accounts. These users are charged the standard Club Lloyds monthly fee, as well as respective account fees of £11.50 per month for Silver and £22.50 per month for Platinum. But as part of wider changes Club Lloyd customers no longer pay foreign currency or cash withdrawal fees when using their debit cards abroad. An overdraft enables you to borrow money through your current account if the balance hits zero. These services were already available for Club Lloyds Silver and Club Lloyds Platinum current accounts. The bank has also increased the interest-free allowance on Club Lloyds arranged overdrafts. Inside the hubs restoring high street banking and reversing the tide of mass branch closures What do Club Lloyds accounts offer? Club Lloyds (£5 a month) Free lifestyle benefits including either 12 months of Disney+ or six cinema tickets Exclusive savings and mortgage rates Earn interest on current account balance Get up to 15% cashback on debit card purchases in selected retailers Club Lloyds Silver (£11.50 a month + £5) Free lifestyle benefits including either 12 months of Disney+ or six cinema tickets Exclusive savings and mortgage rates Earn interest on current account balance Get up to 15% cashback on debit card purchases in selected retailers European and UK family travel insurance AA breakdown cover Mobile phone insurance Fee-free spending and cash withdrawals abroad Club Lloyds Platinum (£22.50 a month + £3) Free lifestyle benefits including either 12 months of Disney+ or six cinema tickets Exclusive savings and mortgage rates Earn interest on current account balance Get up to 15% cashback on debit card purchases in selected retailers Worldwide family travel insurance AA breakdown cover Mobile phone insurance Lloyds is not the only provider shaking up its offering. The Co-operative Bank announced it would be increasing the monthly charge on its Everyday Extra package bank account in July. Currently, customers pay a monthly fee of £15, totalling £180 a year. But starting from July 1, this fee will increase to £18 a month—an extra £36 annually. What to do if your perks are being being cut If your bank account becomes more expensive or loses some of its perks, it's a good time to see if you could be better off with another provider. Price comparison sites such as or show the top accounts on the market. But it's worth considering what is most important to your individual circumstances. Some banks offer interest-free overdrafts, while others unlock top savings accounts. You may get cashback and other money rewards or benefits such as cinema tickets or insurance. When you find an account you want switching is a simple process and can usually be done through the Current Account Switch Service (CASS). Dozens of high street banks and building societies are signed up - there's a full list on CASS' website. Under the switching service, swapping banks should take seven working days. You don't have to remember to move direct debits across when moving, as it is done for you. All you have to do is apply for the new account you want, and the new bank will tell your existing one you're moving.
The Sun
3 days ago
- Business
- The Sun
Millions of Lloyds customers have HOURS before a major change to bank's fees – here's how to act
Lana Clements, Assistant Consumer Editor Published: Invalid Date, MILLIONS of Lloyds customers will be hit in the pocket if they fail to take immediate action. The banking giant is hiking fees for selected current account. 1 Customers feeling the sting are those signed up to the Club Lloyds account. The packaged account provides extra benefits including a Disney plus subscription, cashback rewards, and access to linked savings accounts with preferential interest rates. In return, a membership fee is charged. This currently stands at a monthly £3, but is waived when £2,000 or more is deposited into the account each month. However, from today this fee is being hiked to £5 for users. Customers could end up paying an extra £24 a year if they do not meet the £2,000 threshold. This change will also affect customers with Club Lloyds Silver and Club Lloyds Platinum current accounts. These users are charged the standard Club Lloyds monthly fee, as well as respective account fees of £11.50 per month for Silver and £22.50 per month for Platinum. But as part of wider changes Club Lloyd customers no longer pay foreign currency or cash withdrawal fees when using their debit cards abroad. An overdraft enables you to borrow money through your current account if the balance hits zero. These services were already available for Club Lloyds Silver and Club Lloyds Platinum current accounts. The bank has also increased the interest-free allowance on Club Lloyds arranged overdrafts. What do Club Lloyds accounts offer? Club Lloyds (£5 a month) Free lifestyle benefits including either 12 months of Disney+ or six cinema tickets Exclusive savings and mortgage rates Earn interest on current account balance Get up to 15% cashback on debit card purchases in selected retailers Club Lloyds Silver (£11.50 a month + £5) Free lifestyle benefits including either 12 months of Disney+ or six cinema tickets Exclusive savings and mortgage rates Earn interest on current account balance Get up to 15% cashback on debit card purchases in selected retailers European and UK family travel insurance AA breakdown cover Mobile phone insurance Fee-free spending and cash withdrawals abroad Club Lloyds Platinum (£22.50 a month + £3) Free lifestyle benefits including either 12 months of Disney+ or six cinema tickets Exclusive savings and mortgage rates Earn interest on current account balance Get up to 15% cashback on debit card purchases in selected retailers Worldwide family travel insurance AA breakdown cover Mobile phone insurance Lloyds is not the only provider shaking up its offering. The Co-operative Bank announced it would be increasing the monthly charge on its Everyday Extra package bank account in July. Currently, customers pay a monthly fee of £15, totalling £180 a year. But starting from July 1, this fee will increase to £18 a month—an extra £36 annually. What to do if your perks are being being cut If your bank account becomes more expensive or loses some of its perks, it's a good time to see if you could be better off with another provider. Price comparison sites such as or show the top accounts on the market. But it's worth considering what is most important to your individual circumstances. Some banks offer interest-free overdrafts, while others unlock top savings accounts. You may get cashback and other money rewards or benefits such as cinema tickets or insurance. When you find an account you want switching is a simple process and can usually be done through the Current Account Switch Service (CASS). Dozens of high street banks and building societies are signed up - there's a full list on CASS' website. Under the switching service, swapping banks should take seven working days. You don't have to remember to move direct debits across when moving, as it is done for you. All you have to do is apply for the new account you want, and the new bank will tell your existing one you're moving.
