How to Cancel Lloyds Cardnet (UK 2025)
90-day notice required • Exit fees up to £1,500
⚠️ Contract Requirements
Notice Period
90 days
Exit Fee
£1,000-£1,500
Difficulty
Hard
Phone (Fastest)
0345 606 2223
Have your account number ready
Via Cardnet Portal
Response: 24-48 hours
⚠️ Before You Cancel
Lloyds Cardnet requires BOTH phone notice AND written confirmation via their secure portal. Phone only is not sufficient - your cancellation won't be processed.
Step-by-Step Cancellation Process
Locate Your Contract
Day 1Find your Lloyds Cardnet agreement showing contract length (typically 3-5 years) and termination clauses.
Calculate Fees
Day 1Lloyds charges up to £1,500 early termination fee plus equipment return charges (£150-£300).
Give 90 Days Notice
Day 1-2Call 0345 606 2223 to request cancellation. Follow up in writing via secure message in Lloyds Cardnet portal.
Export Data
Before closureDownload all transaction reports and merchant statements from your Cardnet portal.
Return Terminals
Within 14 daysUse Lloyds prepaid return service. Keep proof of postage to avoid additional charges.
Settle Final Bill
30-90 daysReview final invoice for accuracy. Dispute any unexpected charges within 14 days.
Switch to CapExpand Card Machines
Leave Lloyds Cardnet and potentially save £100-£400/month with our premium terminals
Depending on card turnover
Terminal rental
Exit fee coverage
✨ What You Get:
- Premium terminals with next-day funding
- Contract or no-contract options
- We'll cover your Lloyds Cardnet exit fees (if eligible)
- Free expert switching service
Common Questions
How much to cancel Lloyds Cardnet early?
£1,000-£1,500 early termination fee plus £150-£300 equipment charges. Total: £1,200-£1,800 typically. We cover these costs for businesses over £12.5k monthly turnover.
Can I cancel without paying exit fees?
Only at contract end with 90 days notice. Mid-contract cancellation always incurs fees unless you negotiate a waiver (rare).
What's the notice period for Lloyds?
90 days (3 months) in writing via phone AND secure portal message. Missing this means auto-renewal for another year.
Will Lloyds try to keep me?
Yes, expect retention offers with reduced rates. Compare these against market rates - you can often still save £200-£400/month even with better offers.