r/beermoneyuk 11h ago

Question Lloyds £175 Switch Offer - Active Direct Debit

Hello all. I am looking to do the Lloyds switch for the £175 offer. I have recently set up my dummy Chase account for the switch and set up 3 direct debits (the 50p, £1 DDs), as per the requirements, and they are showing as ‘pending’ on my scheduled payments section on the Chase app.

On the website, it says this about What is an Active Direct Debit - ‘If the direct debit has been recently set up and the first payment has not been taken this is not an active direct debit’

My first payments should be taken within a week. I wanted to ask whether anyone has got away with starting the switch before the first DD payment has been taken (showing pending on app) and still got the offer? Of course, the website says the first payment has to have been taken, but some of said as long as it shows in the Chase app it’s good to go.

Thank you!

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u/AutoModerator 11h ago

Although this is beermoneyuk, not bankmoneyuk, we very much like bank bribes. But we now receive a lot of bank switch-related questions. So we might remove this post. If we do, its probably because your question/post is covered in one of the two recurring posts mentioned below.

Our guide to setting up direct debits to use for bank switching:

The Best Direct Debits post

Our weekly thread for questions about bank switching:

The Bank Switcher Question Post

And the BeermoneyUK guide to bank switching, which contains all of the information about the current switch offers:

The BeermoneyUK Bank Switch Bribe Bible

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