Lloyds Bank offers a range of current accounts for new and existing customers. Each account comes with a variety of benefits and features to suit the individual. Choosing the right current account will depend on your personal circumstances and your own particular needs. Compare current accounts offered by Lloyds Bank to see which account is best suited to you.
Classic Account
The Lloyds Classic Account is a current account that gives you an interest-free overdraft of £25. There is no monthly fee to pay for the Classic Account, although you may have to pay a penalty for using an arranged or unarranged overdraft. With the Classic Account, you will receive a debit card that can be used online, in stores and at cash machines. You can also use your account for making payments, setting up Standing Orders and paying Direct Debits.
Classic Account with Control
The Lloyds Classic Account with Control offers the same benefits as the Classic Account, with added control over your account. The Lloyds Control feature helps to prevent unexpected fees and charges by automatically declining payments that would put your account into an overdraft. The Classic Account with Control costs £10 per month.
Silver Account
The Lloyds Silver Account costs £9.95 per month and provides a range of benefits. The Silver Account comes with travel insurance for travel within the UK and Europe, mobile phone insurance, AA Breakdown Cover and card protection. In order to qualify for a Silver Account, you must already hold a Classic Account with Lloyds Bank.
Gold Account
The Lloyds Gold Account costs £12.95 per month and is available as an upgrade for existing current account holders. In addition to AA Breakdown Cover, mobile phone insurance and card protection, Gold Account customers can benefit from worldwide travel insurance. Lloyds Gold Account also comes with the Save What Matters service, which enables you to back up the contacts, calendar entries and data stored on your phone. If you lose your phone, you can use the Save What Matters service to retrieve all your data and transfer it to your new phone.
Platinum Account
The Lloyds Platinum Account costs £17 per month and is available as an upgrade for existing current account holders. The Platinum Account comes with worldwide travel insurance, including family cover or winter sports cover. Platinum Account holders also benefit from mobile phone insurance, AA Breakdown Cover and card protection. As with the Gold Account, you will also receive free access to the Save What Matters service, which allows you to back up the information on your mobile phone.
Premier Account
The Lloyds Premier Account costs £25 a month and is only available as an upgrade for existing customers. Benefits include worldwide travel insurance, including both family cover and winter sports cover, mobile phone insurance and card protection. In addition, the Premier Account gives you AA Breakdown Cover and AA Home Emergency Cover.
Other Current Accounts
Lloyds Bank offers several other current accounts to suit specific needs. The Under 19s Account is for customers between 11 and 18 years of age. There is no monthly fee for the Under 19s account, with benefits including a debit card and discounts on AA driving lessons. The Student Account is a fee-free current account available to students. The Student Account offers an overdraft up to £1,500, subject to status. The Graduate Account is a fee-free current account available to people who have graduated within the last three years. The Graduate Account provides a planned overdraft and graduate loan. The Cash Account offers a basic bank account with no overdraft and no monthly fees to pay.
All Lloyds Bank current accounts allow you to manage your account online, by telephone or in branch. In addition, you can choose to receive text alerts to help you keep track of your money. Most Lloyds Bank current accounts also come with the option of adding Vantage, which enables you to earn interest on the money in your account.
The best way to choose the right account to suit your specific needs is to use the Lloyds Bank website to compare current accounts and their features, as the website contains up-to-date information on all Lloyds products.
Sam Jones the author of this article found that the best way in which you can compare current accounts is by using comparison website uSwitch.com.
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