Offers Banks Barclays vs Lloyds
Barclays vs Lloyds switch offer
Barclays pays £150 for switching to the Barclays Bank Account; Lloyds pays £200 for the Club Lloyds Account. They differ on Direct Debits, what else you must do, when it’s paid, who can get it and the monthly fee.
Side by side
From each bank’s own terms. What differs comes first; what’s the same is folded below.
| What | Barclays | Lloyds |
|---|---|---|
| Reward Pocketly counts differs | £150 | £200 |
| The bank’s total differs | Up to £300, the rest month by month | £200 |
| Direct Debits differs | 3 | 3, set up before the switch |
| Card, salary or app differs | £2,000 salary, 10 card payments | Nothing |
| When it’s paid differs | Paid about 28 working days after you meet the conditions | Paid about 14 working days after you ask to switch |
| Who can get it differs | No open Barclays account when you apply. No Barclays switching reward ever | No Lloyds, Halifax or Bank of Scotland switching reward since 2023 |
| Monthly fee differs | None | £5.00 |
| Can’t share a plan with differs | Barclays Premier | Any of these |
Can I get both?
Pocketly can plan both, one after the other, if your accounts and cash allow it; it works out the order and when each pay-in is needed.
Each bank’s page: Barclays · Lloyds. Planning tool, not financial advice; each bank’s live terms are final.