This offer provides a substantial £185 cash bonus for individuals who switch their current account to Lloyds Bank. To qualify, you need to open a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum, or Lloyds Premier account and complete a full switch using the Current Account Switching Service (CASS). A key requirement is to transfer at least three active Direct Debits from your old account. It’s important to note that you will not be eligible for this offer if you have received a switching incentive from Lloyds Bank, Halifax, or Bank of Scotland since April 2020. Beyond the cash incentive, Club Lloyds accounts also come with attractive perks such as a choice of annual lifestyle benefits (e.g., Disney+ subscription, cinema tickets, or a digital Coffee Club and Gourmet Society membership) and the opportunity to earn credit interest on balances up to £5,000, provided you pay out two different Direct Debits each month.