Assurant Announces Device Trade-in Service for Lloyds Banking Group
It can be hard for consumers to keep up with the conveyor belt of new tech available on the market, often leaving older devices untouched and languishing in a drawer, as people aren’t sure how to dispose of them safely.
Customers of Lloyds Bank,
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 1.2M metric tons of CO2 emissions in the production of new devices
Lloyds Banking Group spokesperson said: “We’re pleased to be the first bank to offer a device trade-in service as, by introducing this option, we’re putting money back in people’s pockets and helping them make a more sustainable choice when clearing out their old devices.”
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About Assurant
Learn more at assurant.com.
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Lloyds Bank device trade in
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lorraine.doherty@assurant.com
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