Lloyds Banking Group's chief executive has promised Lloyds TSB customers they will face a seamless transition when the new TSB bank is launched next week.
On Monday, Lloyds TSB branches will be split and re-branded as either Lloyds Bank or TSB.
Both banks will remain part of the Lloyds Banking Group until TSB is sold off – this is only expected to start happening in the middle of 2014.
Of the 1,770 Lloyds TSB and Lloyds TSB Scotland branches, 467 will become TSB. All Cheltenham & Gloucester branches will also be transferred so TSB will have over 630 branches across the UK. The remaining Lloyds TSB branches will change to Lloyds Bank – there will be almost 1,300 Lloyds Bank branches.
This means that 4.6 million customers will be transferred to TSB.
In an interview with the BBC, Lloyds Banking Group's chief executive Antonio Horta-Osorio reassured customers that the only immediate change they will see is a change in name.
To find out whether your branch is affected, visit Lloyds TSB's branch checker at www.lloydstsbtransfer.com/search/.
Find the best bank account for you
How to switch current accounts
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.