I have been a Lloyds TSB customer now for well over ten years and have used the Internet banking facility for 3 or 4 years now. It does take a week or 2 to sign up due to the obvious security measures in place. You'll need to log on to lloydstsb.co.uk in order to start the sign up procedure followed by a couple of confirmation calls to complete the setup.

When you have finally completed the registration and are logged on to you internet banking you can see everything related to your account. You can see direct debits you have setup on your account (and cancel them if needs be). Standing orders can be viewed and setup. Overdrafts can be applied for with a few simple clicks and you get an instant decision without the need to speak to your bank manager. You can also apply for loans online as well the Bill Manager which more and more companies use these days such as british gas and npower, this allows you to view your current 'live' energy bills so you woun't get a nasty shock when your winter gas bill comes in for example and you can plan you finances in accordance.

Also if you sign up for the free text alerts service you can recieve a weekly balance status or if your account goes overdrawn it will alert you to this as well so you can sort it out the same day without paying those hefty charges.

Balance transfers from Lloyds accounts to other Lloyds accounts are instant, however the first time you transfer to say Natwest it may take 2 days but the next transfer seems to go through instantly.

The site is well presented with an easy to use interface and I have never needed any terminology explained as it is all self explaintry.

I'd say online banking is a mush have in this day and age and it's free so sign up now if you've got an account with lloyds, you won't regret it.

Also on another front, I know that some spoof emails circulate around the internet claiming to be from your bank, asking for you to sign in. All i can say is ignore these emails and never sign in via a link provided, always manually type the website url just to be safe.