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Lloyds Bank has launched a new Refer a Friend deal which offers customers the chance to claim up to £250.

Customers will have a chance to claim the money simply by inviting a friend to set up an account with the high street lender.

On the Lloyds app, they will see the 'Apply' space, which provides a referral link to send to friends or family that are interested in switching accounts.

Once the person has successfully opened an account, both parties will receive £50.

The first five entries will be rewarded with the cash, meaning there is a total of £250 customers can claim.

Ola Majekodunmi, Lloyd Money Expert, said: "We all love a great recommendation from a friend - whether it's a hidden gem of a restaurant, a binge-worthy boxset or the latest tech. Sharing the best stuff w

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