• Island Graduate Account

    As a graduate you need an account that gives you the time to find your feet. Our Graduate Account offers an interest and fee-free tiered Planned Overdraft, low cost Graduate loan, Classic credit card (all subject to application and approval) and more.

    • An interest and fee-free tiered planned overdraft of up to £2,000 in your first year after graduation (subject to approval)
    • A Visa debit card.
    • Available up to 3 years following graduation.
    Contact us
  • Features and benefits

    • An interest and fee-free tiered planned overdraft of up to £2,000 in your first year after graduation, £1,500 in the second year and £1,000 in the third year
    • A Graduate loan of up to £10,000 (you must be 18 years old to apply and the loan is subject to approval).
    • Available in sterling.
    • A Visa debit card
    • Access to our International PhoneBank® and Internet Banking services 24 hours a day, 7 days a week (subject to approval)
  • Eligibility

    You must ordinarily be resident in the Channel Islands or the Isle of Man and must be a graduate. You can only have one Account with us in your sole name and you cannot have a graduate account with another provider.

    This Account is only available for a maximum of three years from the Account Opening Date.

  • Charges & fees

    Avoiding overdraft charges.

    If your account goes over its limit you have until 3.30pm (UK time) to pay in money to avoid Returned Item Fees and ensure the payment goes out, but you have until midnight to avoid any overdraft fees and interest.

    • If you pay in enough to clear your overdraft you will not pay any fees or interest.
    • If you only clear an Unplanned Overdraft, but are within a Planned Overdraft, you will still pay a Monthly Overdraft Usage Fee.

    The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.

    Overdraft fees

    We will charge you the following fees for all overdrafts, whether Planned Overdrafts or Unplanned Overdrafts:

    Overdraft amount. Fee.
    Up to £10. No fee.
    Above £10. £6 Monthly Overdraft Usage Fee.
    Only payable if you're overdrawn by more than £10 or your agreed overdraft limit.

    We will not charge you any other fees for a Planned Overdraft but you will normally be charged interest on the amount borrowed.

    Unplanned overdraft

    If we agree to your request for an Unplanned Overdraft, we will charge you the following fees:

    Fee. Amount. Description.
    Daily Fee. Unplanned Overdraft balance is You will pay a daily fee for using an Unplanned Overdraft. The amount of the fee will be worked out at the end of each day (including weekends and bank holidays) on the balance of your Unplanned Overdraft.

    We will charge you a maximum of eight daily fees in a monthly billing period.
    £10 or less. £0 (Buffer applies).
    More then £10 but less then £25. £5 a day.
    £25 or more. £10 a day.

    Returned item

    Where you do not have enough available money to make a payment and we do not agree to give you or extend an Unplanned Overdraft, you will not be able to make that payment.

    We will write to tell you we have declined your request. We will charge you the following fee:

    Returned item Fee.
    £10 for each item. We will charge you up to a maximum of three Returned Item Fees a day. This fee will not be charged if the amount of the payment that we decline is £10 or less.

    Using other services*

    Stopped cheque. Free.
    Special cheque presentation. £15.
    Returned cheque.
    If a cheque paid into your account is returned to us unpaid by another bank or branch. Free.
    Statements
    We will send you regular account statements free of charge. Free.
    If you order an extra statement at a Lloyds Bank Cashpoint. Free.
    Duplicate statements. £5 per request.**
    Banker's draft (sterling). £15.
    Holding envelopes and parcels. This service is no longer available. Existing users please contact the branch.

    01534 845436 or 01534 845269 Jersey
    01481 706317 Guernsey
    01624 697113 Isle of Man
    01481 822340 Alderney
    Travel facilities
    When you buy foreign currency or foreign currency travellers cheques from us Free
    When you buy sterling travellers cheques from us 1.5%(min £3).
    When we buy from you Sterling American Express or other currency travellers cheques which you bought from us. Free.
    When we buy other travellers cheques or foreign currency from you. 1.5%(min £3).
    If you have a Premier or Executive Gold Debit Card. Free.
    If you have a Student or Graduate account. Free.
    When you buy travellers cheques or foreign currency using a Lloyds Bank Premier, Platinum, Gold or Classic Credit Card. Free.

    * Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    ** An administration charge may be made for excessive requests.

    Cashpoint® and debit card charges*

    Service Charges
    When you withdraw cash in the UK, Channel Islands or Isle of Man (whether at an ATM or over the counter)
    Using your debit card or Cashpoint® card at a Lloyds Bank Cashpoint® machine or branch in the UK, Channel Islands or Isle of Man Free
    Using your debit card at a non-Lloyds Bank Cashpoint® machine or non Lloyds Bank branch in the UK, Channel Islands or Isle of Man Lloyds Bank does not make a charge but the owner of the machine may. If so, the machine will show you the amount and tell you that it will be taken from your account when you withdraw the cash.
    When you use your debit card to purchase foreign currency or travellers cheques in the UK, Channel Islands or Isle of Man
    From Lloyds Bank branches Foreign currency and foreign currency traveller’s cheques: free. Sterling traveller’s cheques: 1.5% of the amount with a minimum transaction charge of £3.00. You won’t pay this fee if you order sterling travellers cheques over the phone and collect from a branch
    From any other banks, travel agents, bureaux de change and outlets displaying the Visa sign Lloyds Bank does not make a charge but the provider of foreign currency or travellers cheques may make a charge.
    When you withdraw cash abroad (whether at an ATM or over the counter)
    Using your Lloyds Bank debit card When you withdraw cash abroad normally we convert a withdrawal to sterling on the day it is processed by Visa using the Visa Payment Scheme Exchange Rate. We will charge a non-sterling transaction fee of 2.99% of the value of the withdrawal and we will charge a non-sterling cash fee of 1.5% of the value of the withdrawal which will be a minimum of £2.00 and a maximum of £4.50. Where you elect to allow the ATM operator / financial service provider to make the conversion to sterling we will charge a foreign cash fee of 1.5% of the value of the withdrawal which will be a minimum of £2.00 and a maximum of £4.50. The provider of the foreign currency may make a separate charge for conversion.
    Using your Cashpoint® card When you withdraw cash abroad normally we convert a withdrawal to sterling on the day it is processed by Visa using the Visa Payment Scheme Exchange Rate. We will charge a non-sterling transaction fee of 2.99% of the value of the withdrawal and we will charge a non-sterling cash fee of 1.5% of the value of the withdrawal which will be a minimum of £1.50. Where you elect to allow the ATM operator / financial service provider to make the conversion to sterling we will charge a foreign cash fee of 1.5% of the value of the withdrawal which will be a minimum of £1.50. The provider of the foreign currency may make a separate charge for conversion. Please note there is no maximum non-sterling cash fee or foreign cash fee.
    When you use your debit card to make a purchase or other transaction (not cash withdrawal, foreign currency or travellers cheque purchase) in a currency other than sterling whether you are in the UK, Channel Islands, Isle of Man or abroad
    Using your Lloyds Bank debit card The amount is converted to sterling on the day it is processed by Visa using the Visa Payment Scheme Exchange Rate. We will charge a non-sterling transaction fee of 2.99% of the value of the transaction.

    * Please note the information in this section applies to customers with sterling accounts only. Please contact us if you have a Euro account or US dollar account.

    Administration fees

    We’ll be happy to respond when you ask us for help with managing your day-to-day banking – at no charge.

    But, if we have to spend a significant amount of time on a specific area, then, like professional advisers, we may charge a fee. If this seems likely, we will agree it with you before you are committed.

  • What is the minimum opening balance?

    There is no minimum opening balance for the Islands Graduate Account

    How much can I deposit in an Island Graduate Account?

    That's completely down to you. There's no limit on how much you can hold in your account.

    What currency can I open an Island Graduate Account in?

    The Island Graduate Account is available in Sterling only.

    How much access do I have to my money?

    You can access your money whenever you need to either in branch, over the phone using PhoneBank or Internet Banking. If you're withdrawing cash from an ATM, there is, however, a daily limit.

    Can I have an overdraft on the Island Graduate Account?

    You can apply for an interest-free Planned Overdraft (subject to application and approval) of up to £2,000 in the first year after you graduate. In the second year after you graduate, your interest-free Planned Overdraft limit will be reduced to £1,500. In the third year after you graduate your interest-free Planned Overdraft limit will be reduced to £1,000.

    Will I gain interest on this account?

    No

    Who can I speak to if I need extra information?

    For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340.

  • How to apply:

    pin

    Visit us in branch

    Visit us in branch to open an account.

    If you are a new customer, make sure you bring ID such as your original passport or driving licence, as well as proof of your address.

    Find a branch

    telephone

    Call us

    • 01534 845155  Jersey
    • 01481 706347  Guernsey
    • 01624 638279  Isle of Man
    • 01481 822340  Alderney

    Lines are open 24 hours a day, 365 days a year.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.