Lloyds Bank Current Accounts

Lloyds Bank is part of Lloyds Banking Group plc and is a high street bank in the UK. It is one of the oldest banks in the country and offers services including loans, investments, current accounts, mortgages, savings and insurance.

There are four main types of everyday current accounts available through Lloyds Bank, not including its under 18s accounts and student accounts.

Yes, there’s nothing to stop you applying, whatever your circumstances. However, most banks, Lloyds included, will check your credit score when you apply and also look at things like your employment status and your income to check whether you are eligible for their accounts. If you apply and are turned down, your credit rating could suffer. Many banks have basic bank accounts for those with bad credit, which usually offer banking services, but rarely offer overdrafts.

You can apply to upgrade your account online and your benefits should carry forward onto your new account if you are successful.

Although the Lloyds Classic Account does not charge a monthly fee, there may be charges for certain transactions or services, so it’s important to check these before signing up. The other accounts carry fees and charges that can change regularly, so it pays to make sure you are aware of the current charges before deciding which account is right for you.

Yes, there is an app that you can download onto your mobile device intended to help users keep on op of their finances.

Some of the offers, such as cashback, can carry extra eligibility requirements. For example, they may only be available to those who regularly use internet banking, for example.