Lloyds Bank launches £110 cash offer for students

• New student account also comes with 20% discount on Student Union events at universities
• Interest free arranged overdraft of up to £1,500 available, subject to application and assessment
• Plus credit interest of 2.00% AER on balances up to £5,000

Lloyds Bank has launched its 2024 student current account, offering £110 in cash, alongside a 20% discount on selected Student Union events during the upcoming academic year.

Students who open a new student account, and pay in at least £500 between 1st August and 11.59pm on the 31st October 2024, will receive the £110 cash offer. The £110 will be paid to eligible customers by 30th November 2024.

Alongside the cash offer, students will also receive a minimum 20% discount on selected Student Union events - which include live music, club nights, in person and virtual talks- in the 2024/2025 academic year at universities across England and Wales.

Students can also earn 2% credit interest on balances up to £5,000. An interest free arranged overdraft, of up to £1,500, is also available subject to application and assessment.

Account benefits

• £110 cash offer for customers who pay in £500 between 1st August and 31st October this year.
• 20% discount on Student Union events for the 2024/2025 academic year at up to 50 universities.
• Credit interest of 2.00% AER on balances up to and including £5,000.
• An interest free tiered arranged overdraft of up to £1,500 in years one to three of study, which can be extended up to £2,000 in years four to six, where studying is taking place over a longer period.
• Mobile banking app gives students 24/7/365 access to their finances and we use some of the latest technologies and systems to help keep our customers money safe.
• Everyday Offers rewards customers with up to 15% cashback at selected retailers including ASOS, Domino's and Sainsbury's.
• Contactless debit card with the option to set a personal contactless payment limit between £35 and £95 via the app. We make it easy to set up Google Pay or Apple Pay and link to a wallet, allowing customers to pay in shops with their mobile. Customers can also manage their card within the app, including freeze, unfreeze and view pin.
• Smart alerts can be switched on, to let customers know if their balance is running low, if they have insufficient funds to make a payment and when regular payments are coming up or have been made.
• Subscription management means customers can view, cancel or block regular subscription payments in the mobile banking app.

Vivek Khattri, Current Account Director at Lloyds Bank, said: "Heading off to university or college can be daunting as well as exciting so, this year, we're setting students up with £110 in cash to kick start their journey. We know the socials and new friendships are also a big part of the experience, which is why we're also offering discounts on Student Union events."

Current Lloyds Bank Student account holders will continue to receive the benefits associated with their account when it was opened.