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Customers will soon be expected to pay an extra £60 on its Reward Black account when the fee rises from £31 to £26 per month.
The bank said the drivers of the fee increases are the insurance associated with these accounts and the claim rate experienced by its third-party providers, particularly with respect to travel, car breakdown and mobile phone claims.Customers will soon be expected to pay an extra £18 per year for the accounts.Club Lloyds Silver is now £10 a month will rise to £11.50 a month from July 1.
All you have to do is apply for the new account you want, and the new bank will tell your existing one you're moving. And some banks offer free travel or mobile phone insurance with their current accounts - but these accounts might come with a monthly fee.Customers can downgrade their account to an account with a lower monthly fee or to a non-fee account.Customers unhappy with the change can also close or switch their account to another bank.
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