Lloyds Banking Group plc have partnered with Assurant, Inc. to offer mobile and device trade-in services to their Lloyds Bank, Halifax and Bank of Scotland customers via dedicated websites. Assurant and Lloyds Banking Group have teamed up to solve this problem, giving customers a secure, environmentally friendly way of recycling unused devices ? plus a cash payment for doing so.

Customers of Lloyds Bank, Halifax and Bank of Scotland will have access to dedicated websites where they can sell old and unwanted mobile phones and gadgets. By answering a few quick questions about their device customers will be given a valuation and, if they?re happy with the offer, Assurant will arrange for the device to be sent to them, free of charge. Following receipt and verification, the payment for the device will be made within 48 hours.

Assurant?s European trade-in programs paid out more than £8 million to customers for their old devices in 2023, at an average of £125 for each device ? so device trade-in is an easy way for people to earn a little extra cash. Tech trade-in also plays a role in a more sustainable future, significantly reducing the number of mobile phones and electrical devices needlessly going to landfill.

Assurant reconditions devices received from customers, keeping as many in circulation as possible. In the last five years, Assurant have repurposed and extended the useful life of over 22 million devices, equating to: Diverting over 4,000 metric tons of electronic waste from landfill. Avoiding approximately 1.2 million metric tons of CO2 emissions in the production of new devices.