Lloyds Bank will hand out share of £1.5million to 211 customers over next four months
There's nothing we Brits love more than the opportunity to win some money without really having to put in any effort.
It's often said that gambling is a mug's game and although there's times where people can win millions, most of that usually ends up back with the betting companies.
So it's no surprise that we love prize draws a little more, especially when it doesn't rely on us putting in any money of our own, and the joy of winning the school raffle can be just as great as winning a significant amount.
That is now set to be a possibility for Lloyds Bank customers over the next four months after the UK's largest retail and commercial financial services provider confirmed the details of its upcoming prize draws in August, September, October and November.
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Customers will have the opportunity to earn four different entries into draws over the next four months, where 211 customers could walk away with a significant amount of money.
Over the next three months, 200 people will win a prize of £1,000, while a further five people will claim a £10,000 win.
Finally, in November, one lucky Lloyds customer will claim their £1,000,000 jackpot, while another five people will claim similarly impressive £50k prizes, taking the total tally to £1.5 million.
Perhaps the best news is that eligible customers will be entered automatically, so you might well get the very surprising bank boost without even realising.
There are four ways in which you can be eligible, with Lloyds stating that all eligible customers who hold one or more qualifying accounts on a Draw Date will receive one entry into the monthly draw.
One additional entry per £10,000 of qualifying balance which was held on 30 June 2026 will also be awarded to select customers, even if the qualifying balance has since been reduced. This seemingly runs similarly to the Premium Bonds monthly draw, where the money bonds you have, the more chance you have of winning.
It's important to note however that customers will not receive duplicate entries for the same £10,000 held prior to 1 July 2026.
Finally, you can earn yourself another entry by activating the draw in the Lloyds mobile banking app, wand all eligible customers who activate their entry in the rewards space of the app will get the extra entry into the big November draw.
Paul Wilkinson, Group Rewards and Loyalty Director, Lloyds said: “Summer sees us making plans for days out, trips away and catching up over food but, as many of us know, it can be one of the most expensive times of year and there’s a lot of juggling and budgeting to be done.
“We’re here to take a little bit of pressure off, with rewards that can help stretch the budget for summer spending. We’ve got cashback offers powered by Cardlytics , discounts, prize draws and challenges - giving our customers simple ways to make their money go farther this summer."
Pretty much anyone can enter, so long as you or a family member doesn't work for the bank or anyone else involved in the draw, and if you win, make sure to respond to the emails from the Lloyds banking team.
James Moorhouse