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Millions of Lloyds customers will this week learn that their accounts are being transferred to a new bank. Letters are being posted to 3.5million account holders at 447 branches in England and Wales who will be moved by November next year. It is likely they will become part of the Co-operative Bank. To begin this process, Lloyds is moving customers to its banking licence held by Lloyds TSB Scotland. This will happen over the next few months. The Lloyds TSB Scotland brand currently has 185 branches and 1.1million customers. In November, the TSB Scotland licence will be transferred to the Co-op - and with it the 4.6 million customers and 632 branches. The only visible change will be the bank name at the top of their statements. Until next summer, they will still be able to use Lloyds TSB branches in England and Wales. Read more: http://www.dailymail.co.uk/money/saving/article-2239533/Lloyds-Banking-Group-3-5m-accounts-Scotland.html#ixzz2DXZTvMMP