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Graduate Account

Graduate Account at a glance

  • Help finding your feet with an interest and fee-free tiered planned overdraft of up to £2,000 in your first year after graduation, £1,500 in the second year and £1,000 in the third year.
  • A low-cost graduate loan of up to £10,000 to get you started.
  • Easy access to your money with a Lloyds TSB Visa debit card you can use in shops, online, on the phone and to withdraw money at Cashpoint® machines.
  • A Classic credit card with a limit of at least £500.
  • 0% commission on foreign currency and non-sterling travellers cheques.

What you get with a graduate account

  • An interest and fee-free Planned Overdraft (subject to your application being approved), of up to £2,000 in the first year after you graduate. In your second year, your interest and fee-free Planned Overdraft limit will be £1,500 and in your third year it will be £1,000.
  • Help finding your feet with a Graduate Loan. As you settle into your new life, you might have to buy something expensive, such as a car or some extra furniture to make a new flat feel like home – a Graduate Loan could help.
  • A Lloyds TSB Visa debit card you can use online and in over 500,000 places in the UK and 27 million places worldwide. It also gives you the freedom to take out money at 62,000 cash machines in the UK, you can use it to get up to £50 cashback where available and to make payments over the phone.
    See more on debit cards
  • Help with spreading costs with one of our credit cards. Because our cards are accepted in shops, restaurant and hotels around the world, they’re also ideal if you decide to travel. Compare Lloyds TSB credit cards.
  • Quick, easy ways to manage your money 24 hours a day, 7 days a week with Internet Banking, PhoneBank® and Mobile Banking.
  • Free Mobile Banking so you use your phone to help stay in control of your finances. Mobile Banking comes with a range of text message services including Weekly Balance Alerts. We offer Mobile Banking for free but your mobile operator may charge for certain services, so please check with them. See more on Mobile Banking.
  • Easy savings with Save the Change™. Just register, and every time you buy something with your Lloyds TSB Visa debit card, we’ll round up the amount you've spent to the nearest pound and transfer the difference from your current account into your nominated savings account. Register for Save the Change™.
  • 0% commission on foreign currency and non-sterling travellers cheques.

Overdrafts

Manage your money with a Planned Overdraft. Find out about how to apply, and our terms and conditions.

Find out moreFind out more about overdrafts

    Save the Change™

    Put away the pennies every time you spend.

     

    Get startedGet started with Save the Change™

      Debit cards

      Use your card in over 500,000 UK locations and 27 million places worldwide.

      Find out moreFind out more about debit cards

        Money Manager

        The easy way to see where your money goes.

         

        See how it worksFind out more about Money Manager

          Let us take the stress out of changing banks

          Whether you want to move to Lloyds TSB or you already bank with us and want to open a new account, switching is easy. Our dedicated welcome team will do everything they can to help your switch run smoothly, including transferring all your Direct Debits and standing orders to your new account for you.

          We will:

          • contact your other bank for a list of your Direct Debits and standing orders,
          • tell you when your transfer is due to complete,
          • set up your standing orders and ask your service providers to start claiming your Direct Debits from your Lloyds TSB account after your transfer date,
          • keep you informed of how your switch is progressing and let you know what you need to do and when,
          • arrange an interest and fee-free Planned Overdraft for three months (subject to application and approval).

           

          To apply for a Graduate Account, just visit a Lloyds TSB branch and we’ll open an account for you.

          To be eligible you must:

          • be a permanent UK resident and have confirmation of graduation,
          • have graduated within the last three years with a degree from a UK-based university,
          • transfer your current account from your existing bank if you're not already a Lloyds TSB customer,
          • pay at least £500 into your account per month (if you’re moving your account to us).


          You'll need to bring some things with you:

          • a 10-year passport or driving licence and proof of graduation,
          • a statement from your current bank  or copy of a utility bill dated within the last three months,
          • bank statements from the past six months and evidence of your overdraft limit,
          • your current debit card and letter of employment confirming your income (if this isn't included on the statements).


          Find a branch near you

          Contact us
          If you don't have a copy of any of these documents, or have any questions, just call us on 0845 300 0134 between 9am and 7pm Monday to Friday.

          Find out what proofs of your identity and your address are acceptable.

          Important legal information

           

          Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority except for lending where we are licensed by The Office of Fair Trading. FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register. Lloyds TSB Bank plc and Lloyds TSB Scotland plc are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.

          Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds TSB Scotland plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland No. SC95237.

          All lending and the rate available to you is subject to status and depends on our assessment of your circumstances.

          * PhoneBank® is a registered trademark of Lloyds TSB Bank plc. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service.

          CashPoint® is a registered trademark of Lloyds TSB Bank Plc.

          Money Manager is provided to help you manage your personal finances and is not intended to provide legal, tax or financial advice. You must be registered for Internet Banking.

          Account opening is subject to our assessment of your circumstances. You must be 18 or over. Overdrafts are repayable in full on demand. View Planned Overdraft borrowing interest rates. To be eligible for the interest and fee free offer you must be accepted for a Planned Overdraft on your Lloyds TSB account, have not had the offer in the last 12 months on your account, and complete a switcher application to switch your account to Lloyds TSB.