Lloyds Bank Review | History, Rates and Analysis of Lloyds Online Banking

If you’re looking into internet banking, chances are, you’ve at least heard of the banking options provided by Lloyds Online Banking.

Below is a detailed review of Lloyds Bank and its online banking platform. We’ve tried to cover the various features about Lloyds internet services that have everyone talking.

Lloyds Bank Internet Banking Review and Analysis

  1. Origin and Growth
  2. Services
  3. Added Benefits
  4. Rates and Fees
  5. A Close Look at their Core Values
  6. Consumer Complaints
  7. Conclusion

Origin and Growth

Lloyds bank was founded more than 240 years ago in 1765. The company was started in Birmingham, UK by a button maker and an iron dealer by the names of John Taylor and Sampson Lloyd. During their first 100 years of service, the company conducted business from only one office.

However, their quality of services and loyal following allowed them to branch out shortly after that.

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Purchasing more than 200 independent banks in the decades to follow, Lloyds bank continued to expand at an incredibly rapid rate.

Today, Lloyds is one of the top players in the global banking sector and offers some of the best internet banking options you can find.


Lloyds Bank's Provided Services

All services that would generally be available in a Lloyds Bank branch are also available through their online banking options. You’ll find everything from checking and savings accounts to investment options, auto loans, mortgages, credit cards, and much more available at your fingertips.


Added Benefits

Lloyds online banking services come with a few added benefits. First on the list is the peace of mind in knowing that you’re working with a highly reputable company that’s been around for an incredibly long time.

When looking for an internet banking option you want to find a trustworthy brand. Lloyds Bank has been there for consumers throughout the past 2 and a half centuries.

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The second added benefit of using Lloyds internet banking options is the wide range of services provided. Managing money is hard when you’ve got accounts spread out over multiple banks. However, because they offer so much, you’re able to easily use one platform to manage all of your finances online.

Finally, Lloyds Bank offers an incredibly easy-to-use online platform. Usually, when online services offer a wide range of options, their platforms are so stuffed with content that it’s hard to find anything that you’re looking for.

With Lloyds internet banking services, that’s not the case. If you’re looking for something in particular, you’ll find it in no time at all. Based on our testing, it really is an efficient and user-friendly platform.


Lloyds' Rates and Bank Fees

We can definitely tell you that Lloyds didn’t become the goliath they are today by overcharging for services. They offer everything from free checking and savings accounts to low cost trades.

Simply put, Lloyds internet banking options are some of the lowest cost, highest value options out there.

A Close Look At Lloyds Bank's Core Values

As mentioned above, when you’re looking for an internet banking option, or any other banking option for that matter, you want to make sure to find one that you can trust.

One of the best ways to get to know a bank is to get to know their core values.

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Lloyds didn’t have to wait 100 years to start buying banks and expanding so quickly, but they did. They made sure they had everything right before expanding to a point where everything could be systematically driven.

They felt that they needed to master the ability to consistently provide quality services, before scaling up.

Based on our analysis we believe that they have a great set of core values. They go out of their way to express how they appreciate what it takes to be a working class citizen. Second, they seem to value and strive to provide quality services in everything they do.


Lloyds Bank Consumer Complaints

No matter how great your services are, when you grow to be a major player in any industry, you start to get a wide range of complaints.

Lloyds does have a few negative reviews against them. Below are two common causes of consumer complaints about their services.

  • Poor customer service.
  • Taking a long time to deliver refunds for overcharged service fees.

And that’s all we could find. As a matter of fact, it’s pretty hard to find negative reviews about Lloyds bank. This is vastly different from Barclays Online Bank, which is rated the UK’s most hated bank by consumers: Barclays Online Banking (UK) – Reviews | Consumer Complaints

If you type in Lloyds Bank consumer complaints on Google, you only get two complaints that are repeated. The fact that there are very few negative reviews and consumer complaints is a pretty good sign, especially when you consider that people are usually more willing to leave a review of negative services than they are of positive services.



All in all, Lloyds internet banking options are some of the best that you can find for several reasons. They offer a wide range of services, have been in the business for a long time, have great core values, and very few complaints.