Offers Banks first direct vs Lloyds
first direct vs Lloyds switch offer
first direct pays £210 for switching to the first direct 1st Account; Lloyds pays £200 for the Club Lloyds Account. They differ on Direct Debits, what you pay in, 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 | first direct | Lloyds |
|---|---|---|
| Reward Pocketly counts differs | £210 | £200 |
| The bank’s total differs | £210 | £200 |
| Direct Debits differs | 2 | 3, set up before the switch |
| Pay in differs | £1,000 | Nothing |
| Card, salary or app differs | 5 card payments, Log in to the app | Nothing |
| When it’s paid differs | Paid by the 19th of the month after you meet the conditions | Paid about 14 working days after you ask to switch |
| Who can get it differs | Not opened a HSBC UK account since 2018 | No Lloyds, Halifax or Bank of Scotland switching reward since 2023 |
| Monthly fee differs | None | £5.00 |
| Can’t share a plan with differs | HSBC UK, HSBC 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: first direct · Lloyds. Planning tool, not financial advice; each bank’s live terms are final.