To get the £200 switch bonus, you have to use the free Current Account Switch Service to shut your old bank and open a Club Lloyds account, moving at least three existing direct debits as part of the switch (such as a household bill, phone contract, and so on). Once your new account is open, you have to spend £100 on your debit card within 35 days.
Few digital platforms have the technology infrastructure, product-market alignment, and innovation velocity required to serve this demographic effectively and profitably, and we think Chime is one of them.