I have been with Lloyds TSB for over 2 years now and have never looked back. From the moment I entered my local branch to open my account I felt welcome and a valued customer unlike my feeling in Barclays. With my account open and my Visa Electron card and cheque book in the post I felt pleased with myself that I had made the right choice.
Recently though I have been inundated with junk mail from them, trying to make me join up to their Internet and telephone banking systems. In the end I decided to join both systems as after reading the booklets and what have you, the systems seemed quite a good idea and easy to use. Just like when I opened my account with them I have never looked back.
The Internet service really is top notch. Between 4am to midnight, 7 days a week you can check your balance on your computer and if you like print it out all your statements and if you have more than one account with them you can transfer money between your accounts, all with the ease of a click with the mouse. Internet banking even allows you to pay your bills, so no more rummaging through piles of mail looking for the bill to send off, just a click of the mouse.
The added bonus of this service is that it is totally free. Lloyds charge you no subscription fee, all you pay for is the phone bill and what ever your Internet provider charges you, and if like me your with Lineone surf time its practically nothing.
When you sign up, which is very easy, you get your own ID and password. Once in the secure service you will find help pages explaining what's what on each screen, although most of the service is self explanatory. If though you do come unstuck you can always call their customer help line that is available.
*****Phone Banking*****
I have found that this service is basically the above for those without a computer. Again if you need to find out how much you have in your account and live to far away from a bank then simply ring them up and they will tell you. You can transfer money between accounts and confirm that your wages from work have gone through and ready for you to spend during the weekend!!! However if your sort code begins with 77 or 87 then the ability to change money to a Lloyds account is not available to you.
This service is completely safe as when you join you choose a secret number that allows you to access PhoneBank.
I fully recommend these services, but as I have discovered you do not need to sign up to both services. PhoneBank to me seems the better option as you can use it anywhere, as most people have mobiles now, unlike Internet banking where you need a computer. Although this may well change with WAP phones. Both services are really good and if your not a Lloyds TSB customer then what are you waiting for. Join up and make full use of these truly great services.
How helpful would this review be to a person making a buying decision? Rating guidelines
Comments about this review »
jefferson 03.05.2001 21:37
Very informative indeed, thanks!
stravaig 02.05.2001 11:18
I've never been a fan of Lloyds TSB, having only had bad experiences with them personally, so it was interesting to read praise for them. I think a lot probably has to do with the branch manager. Good op, thanks. Kay
Lazy_shadow 06.03.2001 15:24
good op, Loyds are good, except they send you nasty letters when your overdrawn
Advantages: Easy way to keep track of finances Disadvantages: Can be slow at times
Great_reviewer07 12.01.2009 (12.01.2009)
·
Read review
Ciao members have rated this review on average: very helpful
Review of Lloyds TSB Online Banking
Advantages: Pay bills without visiting the bank, online statements, transfer money between your accounts Disadvantages: Statements sometimes a few days behind
Advantages: Track account movements and transfer instantly between accounts. Apply for e-savngs account. Disadvantages: Access code device doesn't work overseas
Advantages: They will extend your overdraft without your prior knowledge or permission Disadvantages: That overdraft will then cost you darely should you ever fall into financial difficulties
Advantages: I can check my balance or whether a payment has gone out without leaving the house. I can also set up a full months bill payments in one go. Disadvantages: I still have to go to town to get money out - unfortunately I can't see a solution to this problem
di-buzz 20.07.2001 ·
Read review
Ciao members have rated this review on average: helpful
Review of LloydsTSB
Advantages: A hard copy statement can be printed out. Disadvantages: No identification of who has been paid, or paid you, although this information is provided in the normal monthly statement sent by post.
Mar 3rd, 2001
very helpful by (100%):
