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Current Accounts / Island Graduate Account
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Read the Current Account Switch Service Guide
Click here for answers to some frequently asked questions about the service
As a graduate you need an account that gives you the time to find your feet.
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.
If your account goes over its limit you have until 2.30pm (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.
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.
We will charge you the following fees for all overdrafts, whether Planned Overdrafts or Unplanned Overdrafts:
We will not charge you any other fees for a Planned Overdraft but you will normally be charged interest on the amount borrowed.
If we agree to your request for an Unplanned Overdraft, we will charge you the following fees:
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:
* 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.
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.
General terms and conditions PDF
Account terms and conditions PDF
There is no minimum opening balance for the Islands Graduate Account
That's completely down to you. There's no limit on how much you can hold in your account.
The Island Graduate Account is available in Sterling only.
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.
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.
For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340.
What is a debit card?
A debit card is a payment card that allows you to make transactions online and in shops for any number of goods and services, and takes payment directly from your bank account. Millions of people use debit cards, and you get one with most Lloyds Bank current accounts.
With a debit card, you can:
Many debit cards are now contactless, which makes paying for everyday things even easier.
Contactless cards are designed to make your life that little bit easier. Contactless cards allow you to pay for goods up to £30 without needing to enter your PIN. Many shops, restaurants, and businesses have contactless reader devices which make transactions faster and smoother. Millions of people use contactless debit cards.
Most contactless payments will appear in the main section of your online statement within a few days. However, some transactions may show first in the ‘View pending transactions’ section.
Please note: Not all Contactless Card transactions appear immediately on your Online & Mobile Banking statements. If you can’t see a transaction please wait a few days for it to be added to your statement.
How does contactless work?
Contactless is a way of making paying for things swifter and simpler. If you have a contactless card and are paying for something in a shop, restaurant, or business that has a contactless reader, all you need to do is hold your contactless card over the reader to pay. If the price is under £30, you don’t need to even enter your PIN.
The first time you use your contactless card for a transaction, you’ll need to enter your PIN. Once you've done that, all future transactions can be contactless. You need to hold your card very close to the reader (around 2 – 4 centimetres) for it to work. If the price of the transaction is over £30, you will need to key in your PIN as normal.
For added security, every now and again you might be asked to enter your PIN for transactions under £30. This is likely to happen if you make several contactless transactions in a row.
How to use contactless
How do I know if I have a contactless card?
All contactless cards have the contactless symbol on them. The symbol is four curved lines radiating rightwards (a lot like a Wi-Fi symbol turned on its side). It looks like this:
If you have this symbol on the front of your debit card, you can start using the contactless method of paying immediately.
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
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.
© Copyright 2015 Lloyds Bank International
Our products and services are offered by Lloyds Bank International Limited & Lloyds Investment Fund Managers Limited. See company Information. Whilst our services will be available to many customers, there are countries where, due to legal or regulatory restraints, we cannot provide them.
Rules and regulations made under the UK Financial Services and Markets Act 2000 for the protection of depositors and investors, including the Financial Services Compensation Scheme, do not apply to the financial services business of companies within the Lloyds Banking Group carried out from offices outside of the United Kingdom.
Lloyds Bank International Limited. Registered office and principal place of business: P.O. Box 160, 25 New Street, St. Helier, Jersey JE4 8RG. Lloyds Bank International Limited is incorporated in Jersey No. 4029 and is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and investment and general insurance mediation business under the Financial Services (Jersey) Law 1998. Lloyds Bank International Limited subscribes to the Jersey Code of Practice for Consumer Lending and has also notified the Jersey Financial Services Commission that it carries on money service business.
The Guernsey branch of Lloyds Bank International Limited, principal place of business PO Box 136, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4EN, is licensed by the Guernsey Financial Services Commission to take deposits and to carry on controlled investment business and insurance intermediary business under The Banking Supervision (Bailiwick of Guernsey) Law, 1994, The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 (as amended), respectively, and is also registered with the Guernsey Financial Services Commission as a money service provider.
The Isle of Man branch of Lloyds Bank International Limited of PO Box 111, Peveril Buildings, Peveril Square, Douglas, Isle of Man IM99 1JJ is licensed by the Isle of Man Financial Services Authority to conduct deposit-taking and investment business and is also registered as an insurance intermediary in respect of general business.
Lloyds Bank International Limited is a Jersey registered company that is a wholly owned subsidiary of Lloyds Bank plc. Lloyds Bank plc is incorporated in the United Kingdom, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278, and is part of the Lloyds Banking Group. Lloyds Bank International Limited places funds with Lloyds Bank plc and thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Lloyds Bank International Limited and its parent based upon publicly available information. Download Lloyds Bank International Limited’s latest annual financial statements at http://international.lloydsbank.com/legal-information/
Lloyds Investment Fund Managers Limited. Registered office: PO Box 160, 25 New Street, St Helier, Jersey JE4 8RG. Authorised by the Jersey Financial Services Commission under the Collective Investment Funds (Jersey) Law 1988.