Offers Banks Lloyds vs Santander
Lloyds vs Santander switch offer
Lloyds pays £200 for switching to the Club Lloyds Account; Santander pays £240 for the Santander Everyday Current Account. They differ on Direct Debits, what you pay in, 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 | Lloyds | Santander |
|---|---|---|
| Reward Pocketly counts differs | £200 | £240 |
| The bank’s total differs | £200 | £240 |
| Direct Debits differs | 3, set up before the switch | 2, 2 household bills |
| Pay in differs | Nothing | £1,500 + £200 into a linked saver |
| When it’s paid differs | Paid about 14 working days after you ask to switch | Paid 60–90 days after you ask to switch |
| Who can get it differs | No Lloyds, Halifax or Bank of Scotland switching reward since 2023 | No Santander switching reward ever |
| Monthly fee differs | £5.00 | None |
Same for all (2)
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: Lloyds · Santander. Planning tool, not financial advice; each bank’s live terms are final.