The process of switching to Lloyds bank usually takes 7 days after opening a new account or submitting an application for the switching and includes the following steps:
- day 1: Lloyds Bank contacts the previous financial organization
- day 2: our managers start transferring your payment data to your new day 3-5: switching over payment arrangements of a customer
- day 6: closing debt on an account with another bank, if it exists
- day 7: closing an old banking account, the switch of your bank accounts to Lloyds is complete
Lloyds Bank guarantees that all standing orders, Direct Debits, and crediting will be redirected to your new account and Lloyds will cover all losses if something goes wrong.
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