Lloyds Bank Offers £250 Bonus Without Account Switch Needed
Lloyds Bank is currently offering an attractive opportunity for customers to earn up to £250 in cash without the necessity of switching accounts. Through its referral program, existing account holders can benefit from incentives by recommending the bank to friends who are not yet customers.
Referral Program Overview
The referral scheme allows Lloyds customers to earn £50 for each successful referral. Both the referrer and the new customer will receive this bonus. Customers can refer as many friends as they wish throughout the year, but the maximum bonus they can earn is capped at £250 annually. This translates to a potential of five successful referrals each year to reach the maximum reward.
Participation Requirements
To join the referral program, existing customers must use the Lloyds mobile banking app. Here is how the process works:
- Access the mobile banking app.
- Generate a unique referral link to share with friends.
- The friend must click the link and open a qualifying current account within 30 days.
If the referral link expires, customers can create a new link through the app. However, both parties will not receive the £50 bonus if an expired link is used.
Eligibility Criteria
Not all accounts are eligible for this program. The following account types cannot participate:
- Under 19s accounts
- Smart Start accounts
- Student accounts
New customers must also be completely new to Lloyds and cannot have any other products with the bank, such as current accounts or loans. Additionally, the new account must remain open for at least seven days to qualify for the bonus.
Technical Issues
This week, many customers faced technical problems as they were temporarily locked out of their online accounts and the mobile banking app. The situation peaked when over 2,700 users reported issues through DownDetector. Lloyds Bank acknowledged the outage and later confirmed that services were fully restored.
In conclusion, Lloyds Bank’s referral program offers a unique opportunity for existing customers to earn money effortlessly. With clear eligibility criteria and a straightforward process, customers can take advantage of up to £250 in bonuses simply by sharing their experience with friends.
