A Lloyds Siver Account refers to a special current account at Lloyds Bank which is based in England. It is considered one of the biggest banks in the UK and offers various products and services to its customers since its founding in 1765. For people who need to have a checking or current account, one great product from Lloyds Bank is their Silver Account. In most cases, a person who wants to have a Silver Account may need to get a regular checking account first and upgrade later via an online application and registration process. At a monthly account fee of only 9.95 British pounds a month, a person can enjoy the following benefits:
Travel Insurance across Europe
For some people, this is the best benefit that they can get from a Lloyds Silver Account. This is especially applicable to people who love to travel across different countries in Europe. Coverage is for the account holder and also includes his/her partner up to 65 years of age. A person can have as many trips as he/she wants across Europe for a maximum of 45 days each trip and he/she doesn’t have to worry about insurance because of this benefit from Lloyds Silver Account. Insurance may also be availed when there are cancellations and/or delays on flights along with lost luggage.
Roadside assistance is also offered for Lloyds Bank Silver Account holders 24 hours a day and 7 days a week. This benefit is can be availed while in the UK regardless if the account holder owns the car or not. This simply means that help will be on its way to a Silver Account holder whenever his/her car breaks down on a UK highway any time of the day and even if the car is not registered to his/her own name.
Mobile phone insurance
Another great feature of the Lloyds Silver Account is insurance coverage for the account holder’s mobile phone. This part of the benefit is well taken cared by the LSG or Lifestyle Services Group Limited. A claim may be made when the account holder’s mobile phone gets stolen or lost. Coverage will be applicable when the said incident was reported to the authorities and network provider or mobile phone operator.
Most checking accounts will automatically charge account holders that issue checks with amounts greater than what their account actually holds. In the case of the Lloyds Bank Siver Account, an overdraft of up to 50 British pounds will be covered with no fees and charges. No interest fees are also charged for overdrafts up to this specified amount.
Sentinel Card Protection
For account holders who will unfortunately lose their debit or credit cards for example, cancellation and replacement is made easy with Sentinel Card Protection. This benefit covers all UK residents that have Lloyds Silver Account. The best thing about this benefit is that not only Lloyds Bank account cards are protected but also other debit and credit cards issued by other banks.
People in the UK who need a current or checking account may benefit more with Silver Account from Lloyds Bank. This is especially true for people who frequently travel across Europe and those who want insurance coverage for some untoward incidents in life.