> Our rates and charges > Current account charges 

Current account charges | Debit card and Cashpoint® charges | Other services | Overdraft charges | Youth and Service charges | Islamic accounts | Cash accounts

  

We normally won’t charge you for everyday banking at Lloyds TSB when your account is in credit. We also don’t charge a fee to set up and use a Planned Overdraft. All you pay is interest on the amount you borrow. If we agree to give you an Unplanned Overdraft, there will be charges for this.

If you want to use a service that we haven’t listed below, we’ll tell you the cost before you give us the go-ahead.

If we increase any of our charges or introduce a new charge we will tell you, by getting in touch personally, at least 30 days before the change takes effect.

We’ll let you change your mind If you’re not happy with an account you’ve just opened, simply let us know within 14 days of opening your account and you can close it. We’ll return your deposits with any earned interest. Or we can help you transfer to one of our other accounts.

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Current account charges

Account	Monthly fee	Overdraft features
Classic, Under 19 and Cash Accounts	Free	Planned Overdrafts are available on a Classic account (subject to application and status).
Student	Free	Tiered interest free Planned Overdraft available (subject to status). No fee charged the first time you use an Unplanned Overdraft, as long as you haven’t already done so in the last 12 months.***
Islamic Student	Free	Shariah approve student account
Graduate	Free	Tiered interest free Planned Overdraft available (subject to status)
Islamic	Free	With consideration to Shariah, no Planned Overdraft available. No interest paid or received.
Select (no longer available to new customers)	£7.95	£50 interest free Planned Overdraft (subject to status)
Silver	£7.95	Planned Overdraft available (subject to application and status)
Gold*	£12	£100 interest free Planned Overdraft (subject to application)
Graduate Gold (no longer available to new customers)	£10	All the main Gold benefits plus an increased interest-free Planned Overdraft (subject to status)
Platinum**	£17	£250 interest free Planned Overdraft (subject to application). No fee charged for the first time you use an Unplanned Overdraft, as long as you haven’t already done so in the last 12 months***
Premier	£25	£500 interest free Planned Overdraft (subject to application). No fee charged the first time you use an Unplanned Overdraft, as long as you haven’t already done so in the last 12 months***
Plus Accounts Classic Plus Select Plus Gold Plus Platinum Plus Premier Plus	Free £7.95 £12 £17 £25
Offset Accounts Classic Offset Select Offset Gold Offset Platinum offset Premier offset	Free £7.95 £12 £17 £25	All the main benefits of your selected account with the same monthly fee, plus the advantage of our offsetting current accounts. These accounts are only available as part of the Lloyds TSB Offset arrangement.

We will take the monthly fee from your account on the first day of the following month. We will charge the full month’s fee if you close your account during a month.

* If you opened your account before 14 January 2005 your monthly fee is waived if your balance remains at or above £2,000 during the monthly billing period.
** If you opened your account before 14 January 2005 your monthly fee is waived if your balance remains at or above £4,000 during the monthly billing period.
*** This only applies to the first time your account goes into Unplanned Overdraft. Both monthly and daily Unplanned Overdraft fees in Student accounts and only monthly fees in Islamic Student accounts will become payable if:
• your Unplanned Overdraft balance at the end of a day is greater than what it was at the end of the previous day; and/or
• the Unplanned Overdraft has still not been repaid at the start of the next monthly billing period.

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Debit card and Cashpoint® charges

Transaction type	Charges
When you take out cash
From Lloyds TSB Cashpoint® machines	Free
LINK Machine. All LINK cash machines will give you an advance on-screen warning about any charge that may apply.  This warning will tell you who's making the charge and give you the option to continue or cancel the transaction.	Lloyds TSB does not make a charge but the owner of the machine may.
Mini statements	Free
Requesting a receipt	Free
When you use your Lloyds TSB debit card to buy foreign currency or traveller’s cheques
From Lloyds TSB branches	Free
From any other banks, travel agents, Bureau de Change and other outlets displaying the Visa sign.	1.5 % of the amount with a minimum transaction charge of £2 and a maximum charge for each transaction of £4.50.
Transactions abroad
Cash withdrawals and purchases	2.99% foreign exchange fee
Cash withdrawals are also subject to:	Debit cards: 1.5% of the amount with a minimum transaction charge of £2.00 and a maximum charge for each transaction of £4.50. Cashpoint cards: 1.5% of the amount with a minimum transaction charge of £1.50. Please note: there is no maximum transaction fee.
When making purchases (not cash withdrawals) abroad, online or on the phone in currency other than sterling, the transaction is also subject to:	A £1 charge is applied to each transaction apart from when a Premier or Platinum card is used.

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When you use other services

* It may also be necessary to pay a foreign bank charge. This will vary depending on the country of payment destination.
** We make a £20 charge for a cancellation or re-issue of an international draft. Refund conversions will be made using the Lloyds TSB buying rate of exchange on the day we receive the funds. As this rate will vary, you may receive back less than the original value of the funds.
*** Between eligible nominated LTSB account and ICICI Bank NRE account.

Overdraft charges

We provide two types of overdraft: a Planned Overdraft and an Unplanned Overdraft.

If you decide you need an overdraft, you can ask us in advance for a Planned Overdraft. You can also ask to increase an existing Planned Overdraft limit at any time.

If you try to make a payment but do not have enough available funds in your account, then we will either agree to an Unplanned Overdraft covering that payment or you will not be able to make that payment. Fees will be charged in either case. Please see condition 16 in 'Your Banking Relationship with us' for more details about overdrafts.

You will also be charged interest if you use a Planned or Unplanned Overdraft.

All overdrafts are repayable on demand.

How much we lend depends on our assessment of your personal circumstances. Lloyds TSB is a responsible lender and we only wish you to borrow what you can afford and in a way that is best for you.

Planned Overdrafts
We will not charge you fees for setting up a Planned Overdraft. You must be 18 or over to have a Planned Overdraft.

Unplanned Overdrafts
If you try to make a payment out of your account (for example, by Direct Debit or cheque) for which you don’t have enough available funds, we will treat this as a request for an Unplanned Overdraft, or for an increase in an Unplanned Overdraft you already have. We will consider whether to agree to your request taking into account your personal circumstances.

If we agree to your request for an Unplanned Overdraft, we will charge you the following fees:

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Please note, an Unplanned Overdraft continues until it is repaid. So, at the start of any monthly billing period, if you still have an Unplanned Overdraft from the previous monthly billing period, you will incur a further monthly fee and up to another 10 daily fees (depending on when you pay it back).

The monthly billing period is generally from the 2nd of each month, to the 1st of the next but this can vary for some customers. For example, it could start on the 10th of each month. This means you may be charged a monthly fee more than once within a calendar month (but never more than once in the same monthly billing period). If you are unsure when your monthly billing period starts, please contact us to find out.

Unplanned Overdrafts are intended to be used for short-term borrowing. You will find it cheaper to ask for a new or increased Planned Overdraft that meets your needs, rather than requesting and using Unplanned Overdrafts.

Find out more about Overdrafts.

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Interest payable on overdrafts

The same rate of interest is payable for both Planned and Unplanned Overdrafts. The rate you pay will depend on the type of current account you have with us.

For details of interest rates that apply when you borrow from us, view our personal overdraft interest rates, call us on 0845 3 000 000, or visit any Lloyds TSB Branch.

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Returned items

Where you do not have enough available funds to make a payment and we do not agree to grant or extend an Unplanned Overdraft, you will not be able to make that payment. We will write to tell you we have declined your request. 

We charge a return item fee of £20 for each unpaid item, which covers considering the request, dealing with the other bank and telling you about this service. We will charge you up to a maximum of three returned item fees a day.

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The grace period

If your account goes over its limit, you’ll have until 3.30pm (UK time) that day to pay in enough money to cover all your payments. If you do, you won’t incur any Unplanned Overdraft fees. You can stay in control by checking your balance on a daily basis:
• at any Lloyds TSB branch
• at any Cashpoint®
• through Telephone Banking on 0845 3 000 000
• online at www.lloydstsb.com

To make life even easier, you can sign up to our Limit Alert services and we’ll keep watch on your account for you.

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Limit alert service

You can register for the new Limit Alert text service to help you plan ahead to avoid paying Unplanned Overdraft fees.

For a monthly fee of £2.50 per account, if your account is near to or slips over its limit, we’ll let you know by sending you a text message by 10am on a week day (excluding bank holidays).

Please note that this service is free for Premier accounts.

Find out more about our Limit Alert Services.

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Balance advice service

Get your account balance and details of up to your last six transactions direct to your mobile. This service is free.
Find out more about our Balance Advice text service .
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Islamic accounts

We ensure that all of our Islamic accounts comply with Shariah and we typically do not provide Planned Overdrafts to Islamic account holders. Where you do not have enough available funds to make a payment, we will not usually agree to provide an Unplanned Overdraft either and the returned item fee will apply.

In some instances, where we do agree to cover that payment by giving you an Unplanned Overdraft you will incur a management fee for us providing and managing this (but you will not be charged interest). This monthly management fee will be £15 and will apply if you have or make use of an Unplanned Overdraft at any time during a monthly billing period.

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Cash accounts

For Cash Accounts we do not provide a Planned Overdraft.  If we do not agree to give you an Unplanned Overdraft, you will not be able to make the payment and the returned item fee will apply. If we do give you an Unplanned Overdraft, you will be charged the monthly Unplanned Overdraft fee of £15. However, we will not charge you if your Unplanned Overdraft is less than £10 or it is the first time you have used an Unplanned Overdraft in the last 12 months.****
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Youth and Service accounts

For Youth (under 19) and Service accounts we do not provide a Planned Overdraft and we will not charge fees for an Unplanned Overdraft. A charge of 50 pence is made for each standing order transaction paid from a Service account to any account other than those held by Lloyds TSB Bank plc
and Lloyds TSB Scotland plc. Please note, it is no longer possible to open a Service account from Lloyds TSB.
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Administration fees

We’ll be happy to respond, at no charge, when you ask us for help with managing your day-to-day banking. But if we have to spend a significant amount of time on a specific area, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you commit to using the  service.