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Account Details |
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Access By: |
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Branch |
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Post |
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Post Office |
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Telephone |
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Internet |
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Digital TV |
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WAP |
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Availability Information: |
Applicants must be UK residents aged 18 or over. The account is for personal use and must not be used for business purposes. Joint accounts are available.
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Minimum Income Required: |
No minimum.
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Free Banking If In Credit: |
Yes
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Service Charge: |
None
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Packaged Account: |
No
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Investment Conditions: |
Minimum monthly funding of £1,000 per month required to operate the account.
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Withdrawal Access: |
Instant access.
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Benefits And General Notes: |
The interest rates displayed will be paid on the first £2,500. A lower rate of interest (standard rate) will be paid on anything over £2,500 in the account.
Account benefits include:
For £10 per month, you can register to add the Control option to your account, which helps you to manage your money by:
- stopping your current account from entering into an unplanned overdraft and;
- giving you the tools to keep you informed about what's ‘going on’ with your account.
Commission free travel money.
24 hour account access with Internet banking and PhoneBank.
An account transfer service is available.
Interest is calculated daily and paid monthly.
Limit Alert Text Service; You can receive Limited Alert texts to your mobile phone to help you plan ahead to avoid Unplanned Overdraft fees.
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Facilities |
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Multi Function Card: |
A 2 in 1 card is available.
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Cash Card: |
Yes
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Debit System: |
Visa. All purchases abroad will incur a 2.99% charge. When making purchases abroad or in a currency other than Sterling the transaction is also subject to a charge of £1.00.
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ATM and Cash Withdrawal Notes: |
Cash withdrawals from non-LINK cash machines in the UK, machines worldwide displaying the Visa sign, or over the counter at a bank or any other outlet displaying the Visa sign are subject to a handling charge of 1.50% of the amount withdrawn (minimum £2.00, maximum £4.50). There is an additional charge of 2.99% of the transaction value for withdrawals abroad.
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Cheque Guarantee Card: |
Not available.
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Cheque Book: |
Yes
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Standing Orders / Direct Debits: |
Both facilities are available.
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Borrowing |
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Overdraft Facility: |
Yes
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Authorised Overdraft Arrangement Fee: |
Nil
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Authorised Usage Fee: |
Nil
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Fee Free Overdraft Limit: |
£0
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Interest Free Overdraft Limit: |
£0
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Authorised Overdraft Interest (pm/EAR): |
1.45% per month
/ 18.9% EAR
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Unauthorised Overdraft Interest (pm/EAR): |
1.45% per month
/ 18.9% EAR
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Unauthorised Overdraft Fees: |
See "Other Information"
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Other Information: |
The unauthorised borrowing fees below will be charged when the account goes overdrawn without an agreed limit or overdrawn above an agreed limit. Lloyds TSB will charge this fee again on each day they make a payment that increases the overdraft limit. You will also be charged a monthly fee of £15.
Less than £25: £6.00 a day charge
£25 - £100: £15 a day
More than £100: £20 a day.
The maximum charges in any one month is capped at 10 daily fees.
If the account goes overdrawn without agreement, Lloyds TSB may return cheques unpaid or be unable to pay a standing order or Direct Debit. Every time this happens a charge of £20 is made (maximum 3 charges per day).
Other Charges
Stopped cheques (except lost or stolen): £10.
Special cheque presentation: £10.
Duplicate statements: £5.00 per page (£10 maximum charge). An administration charge may be made for excessive requests.
CHAPS payment: £30.
Banker's draft: £20.
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