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Lloyds launches "Refer a Friend" offer for customers

Lloyds
Published on: 13 November 2025
5 min read
 
  • Lloyds customers can earn £50 for themselves and £50 for a friend with a new Refer a Friend offer.
  • Share a link directly from the Lloyds app and invite friends or family to open a bank account and earn up to £250.
  • Both existing and new customer will get paid within 30 days of a successful bank account opening.
  • Terms, conditions and exclusions apply – full details of the offer can be found below.

 

Available from 10th November, Lloyds’ new Refer a Friend deal gives qualifying Lloyds customers the chance to earn up to £250, by inviting friends or family who aren’t with Lloyds yet, to open a bank account. 

Using the Lloyds app, customers will be able to go to the ‘Apply’ space in their app, get a referral link and send to their friends and family.

For each successful sign-up, both the existing customer (the ‘referrer’) and the new customer (the ‘referee’) will receive £50.  

The referrer can earn cash on their first five successful referrals, meaning a total of £250 is up for grabs. 

The reward will be paid (to both parties) within 30 days of the new bank account opening.

What bank accounts do Lloyds offer? 

Lloyds offers a range of bank accounts designed to suit every lifestyle, with benefits such as cashback and exclusive perks (subject to affordability and eligibility).

Customers could go for a Classic account, which is a great option for simple, day to day banking.

Alternatively, Club Lloyds comes with the option of choosing an annual lifestyle benefit. Customers can pick from either 12 months of Disney+ Standard With Ads, cinema tickets, magazine subscriptions, or access to the digital Coffee Club and Gourmet Society. A £5 monthly fee may apply for this account.

There are also more specialist accounts available, like Lloyds Premier, which is designed for those who pay in £5,000 each month or have £100,000 of qualifying savings or investments with Lloyds. There is a £15 monthly fee for this account (refunded each month, where criteria is met).

Alternatively, Silver and Platinum accounts provide travel insurance, breakdown cover, mobile phone insurance and more. Monthly fees apply to both of these accounts, more details can be found on lloydsbank.com.

Refer a friend simply using the app 

Referring a friend is simple and secure via the Lloyds app, which also offers a suite of smart features from card controls and subscription management to credit report monitoring through Your Credit Score - all backed by the latest technology to keep customers and their money safe.

Customers can go into the ‘Apply’ area in their app and generate a link that can be shared with friends and family. 

We all love a great recommendation from a friend – whether it’s a hidden gem of a restaurant, a binge-worthy boxset or the latest tech. Sharing the best stuff with the people who matter most? That’s what makes it special. Now, Lloyds is bringing that same buzz to banking with their ‘Refer a Friend’ offer. It’s simple - spread the word and both you and your friends can pocket some serious cash – all with just a few taps in the app. Don’t keep it to yourself- spread the word and share the win!

Ola Majekodunmi Lloyds Money Expert

Lloyds mobile app

Packed full of features making banking simple, fast and secure, including: 

  • Manage payments: Keep track of spending by setting up notifications for every time a card is used to make a payment, when money is received and when a regular payment is coming up.   
  • Subscription management: It’s easy to manage regular debit card subscriptions – like TV streaming services or gym memberships using the app tool to view, cancel or block debit card subscription payments. 
  • Credit score checker: Check a credit score, get alerted when it changes and access tips to make improvements. 
  • Barcode cash deposit: Generate a barcode in the app and pay notes and coins in at over 30,000 PayPoint locations.  
  • Pay in cheques: Simply take a picture and the app reads all the cheque details, with money usually available the next working day. 
  • Request money from friends and family: Request to pay is a fast way to request money back for shared purchases, such as restaurant bills. Easily share a secure link, or show a QR code from the app, without the need for sharing personal details.  
  • Card management: Card misplaced? No problem – use the app to view card details and report cards lost, damaged or stolen. 
  • Limit spending: Take more control over spending by setting personalised contactless card payment limits, in £5 increments, or freezing certain types of payments, including gambling. 
  • In one place: View all accounts and products including bank accounts, savings and investments, credit cards, mortgages and insurance products - or easily apply for something new.  
  • Everyday offers: Take advantage of Everyday Offers, providing cashback when shopping using a debit or credit card at selected retailers. 
  • Save the Change®:  Save money when using a debit card by choosing to round the spend to the nearest pound and transferring the change to a nominated Lloyds savings account. 
  • Benefit finder: Find support that you may be entitled to, such as Council Tax discounts, Universal Credit, home improvement grants and more. By answering some brief questions on our app, receive an estimate of any benefits they could be due, along with guidance on how to make a claim. 

Lloyds mobile app is available on IOS and Android. You can find more details here. 

 

 

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