Millions of Lloyds bank customers will shortly receive a letter through the post informing them that their banking details are about to change.

These customers will see the banking licence behind their account transferred to Lloyds TSB Scotland, as the first part of the process of switching them to the new “TSB Bank”. Up to 4.6m customers will be switched to this new bank after the competition authorities forced Lloyds Banking Group to sell off more than 600 branches. The Co-operative Bank is in advanced talks to run this new banking operation, with a purchase agreement expected early next year. The following questions and answers explains in more details what these changes mean for affected customers....Read more here