Lloyds Private Bank is the private banking and wealth management division of Lloyds Bank, one of the UK ‘Big Four’ clearing banks. It works with high net worth individuals and businesses.
Lloyds Private Bank is the private banking and wealth management division of Lloyds Bank, one of the UK ‘Big Four’ clearing banks. It works with high net worth individuals and businesses.
Lloyds Private Bank is the private banking and wealth management division of Lloyds Bank, one of the UK ‘Big Four’ clearing banks. It works with high net worth individuals and businesses.
To be eligible for Lloyds personal financial advisory services or private banking, customers must have a sole yearly income of £250,000 or at least £250,000 in savings or investments held with Lloyds.
Customers of Lloyds Private Bank are assigned a personal relationship manager, who handles every element of their finances and works with the bank’s specialist teams to help customers reach their individual goals.
Services offered by Lloyds include:
Lloyds Private Bank has a range of savings and deposit products, from instant access to fixed-term accounts. Individual savings accounts are offered to customers with at least £2million in savings or a sole annual income of £500,000 or more. Reserve accounts are available for businesses, trusts, executors and charities; the same income or minimum investment is required.
Current accounts are also managed by the customer’s personal relationship manager; for everyday banking, customers can use the Private Banking Service Centre. Current account customers get debit card and overdraft facilities, plus exclusive access to other Lloyds offers and a yearly Lifestyle Benefit (cinema tickets, magazine subscription or dining membership).
Lloyds Private Bank recently announced a new partnership with Schroders Plc that will create a new market-leading wealth management service. Part of Lloyds existing wealth management division will be incorporated into this new service, which will give customers with more specific goals access to specialist wealth services offered by Casenove Capital.
Lloyds Private Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
As part of one of Britain's biggest highstreet banks, Lloyds Bank Private Banking is a service designed for those who require a more personalised level of service from the bank. If you're thinking of becoming a client of Private Banking by Lloyds Bank, you'll need to have the following in place before you'll be considered:
If you fulfil the above criteria, you'll be able to apply to become a client, which brings with it a range of services that are personalised around your financial situation. The team at Lloyds Private Banking will establish your current needs and position and work with you in order to find out how they can help you grow your capital in the most effective way possible. You'll also receive a plan to help guide you on your financial journey.
Lloyds Private Banking customers also benefit from the following:
The private banking service offered by Lloyds does not come free however, and as a client, you will be charged based on your financial situation and particular circumstances. This will be discussed with you on application and acceptance into Private Banking.
155 Bishopsgate
London
EC2M 3TQ
Telephone: 0207 481 2138
Email: [email protected]
Find answers in Q&As and ask your question
LBPB manages a family trust of which I am the settlor. They promised to send me quarterly valuations but failed to do so for 8 months. They have just compensated me £50 and rectifed the matter after an official complaint. They also agreed to assist me in reporting to the HMRC for a tax refund for tax deducted automatically by them at the higher rate. The assistance in this has been virtually non-existent. I may need to consult a chartered accountant. All in all – pretty poor! In addition to that they and their fund managers have succeeded in losing the trust 8% of its value in approximately 20 months. Not a happy bunny.
This bank is going from bad to worse.
I have a Gold account & they sent me a letter to say they will be charging me from now on unless they hear from me by phone, as you cannot change online.
The phone service they give is utter rubbish, it takes 5 mins for them to tell you they are very busy (THEY ARE WORKING REALLY HARD) well work harder to give a better service. 5 mins plus into call an automated voice tells you they will not take the call.
I've now decided to leave Lloyd after 40 years with them, plus many other banks are offering £125 or £150 to change to them. I phoned Nationwide the other day and got through straight away, if NW can do it why is Lloyds bank failing. COVID excuses still ongoing. YOU WILL FAIL IF YOU CARRY ON LIKE THIS.
I’ve not yet tried Lloyds private banking but I’d be interested to know about the eligibility criteria. Sometimes you need have around £100k in assets but we have a bit more than that.
I've been banking with Lloyds bank for around 32 years now and can honestly say that they are one of the best although a bit expensive, I think its worth it. I would be very interested in joining their private banking sector but not sure on the requirements!? If anyone can let me know.
