Lloyds Bank - paid account extras?

slipd

slipd

slipd

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Joined
26 Feb 2004
Posts
4,760
Location
Hampshire, England.
Hi guys,

I've been giving a lot of thought lately to upgrading to a 'Silver' account from my bank, Lloyds. Currently on their 'Club' account, which I'm really happy with but after spending out on travel insurance recently, just for me, their offering is for a family account, and upgrading my breakdown cover because I was doing a lot of national miles, the £11.50 a month fee suddenly seems a bit more attractive.

The other extra, mobile insurance, is just a bonus. My home insurance, contents cover has that all wrapped up.

Thoughts? Any any actual users/claimers here? - any issues/is it worth is etc.? I had an economics teacher at school that used to preach to us about never giving your bank any money, unless you had to etc. - I guess I've always kept that with me. Times change though, that was in about 2002 :D
 
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I find the extras we get with our NatWest account are well worth it, we’ve only had to claim on the travel insurance once and it was all settled within a week or so
 
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If it passes your own maths then it's worth it. Travel insurance I think is worth it - things like lounge passes (unless you travel alone a lot) or breakdown cover etc are far more subjective.
 
I can't comment on Lloyds but I had mobile phone insurance through Halifax and it was the best phone insurance I ever had. No quibbles, no nonsense, just pay the excess (was £30 or something) and a few days later I had a phone.

I cancelled that account as I couldn't justify the money, but had to claim on Covermygadget insurance and it made me want to tear my hair out. I cancelled that immediately and just bought a new phone instead.
 
I'm on Club Lloyds - £3 a month which gets waived if I pay in £2k a month. I could go for higher packages but the travel insurance isn't compatible with my diabetes and I don't have a car. The mobile insurance might be useful but it'd be the only thing I could make use of from the higher packages so there's no point for me. I get my mobile covered under my home insurance any way.
 
GBP 138 a year is both a small amount of money but also likely a waste of money too. However, if the insurance policy is any good then it might be worth it for 'peace of mind', whatever that might mean to you. Remember there's a reason that banks invite you to pay them to take your money.
 
I’m a Lloyds platinum club member. Mainly for the free year sub to Disney+ and family car breakdown cover and mobile insurance.
 
Yeah, Lloyds Platinum here. Disney+, AA break down, travel insurance and phone insurance plus the slightly better interest rates in terms of savings and ISA, cashback and dediclated customer phone line is worth it to us. It's £21 a month, but then they credit £3 and a £5 due to values going into the account so £13 a month is a no brainer.
 
MarcLister said:
I'm on Club Lloyds - £3 a month which gets waived if I pay in £2k a month. I could go for higher packages but the travel insurance isn't compatible with my diabetes and I don't have a car. The mobile insurance might be useful but it'd be the only thing I could make use of from the higher packages so there's no point for me. I get my mobile covered under my home insurance any way.
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I was wondering this myself, I just paid for an annual travel insurance as i have a few trips planned this year but I have diabetes and asthma, do all of these bank provided policies have issues with people with existing conditions?
 
Hutch said:
I was wondering this myself, I just paid for an annual travel insurance as i have a few trips planned this year but I have diabetes and asthma, do all of these bank provided policies have issues with people with existing conditions?
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I think you have to declare any pre-existing medical conditions up front. The Ts&Cs should define which medical conditions are accepted if declared.
 
Thanks mate, ill check it out end of the year. I think what I am paying for multi-trip its cheaper to have it with a bank and I'd get other things too
 
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