This page lists all of the best bank switch offers and bonuses that are currently available. Make sure you click through to read the full details of any offer before you sign up.
Are you new to bank switching? You might find our Beginners Guide to Switching useful for learning the fundamentals.
As always, do your own research before signing up for any financial product and verify your eligibility before switching.
How This Page Works
This page shows a list of every bank bonus offer and it's cash value.
To get more information about an offer, just click the 'Read Full Details' button, or scroll down further on this page to read the full guide for the respective offer.
We also provide step-by-step guides and all the key information such as eligibility, exclusions and important things you should consider before applying.
We try our best to keep this page refreshed daily, but please note that offers can change at any time and this page may become outdated before we have a chance to edit it.
How Our Ratings Work
You'll see that each bank offer has a rating next to it. We assign the rating based on the quality of the offer, not the quality of the bank. For example, we consider; how easy is it to qualify, how quickly do they payout and how competitive is the cash value. All ratings are independent.
Barclays £200 Switch Offer
Bonus: Free Apple TV+ Subscription
Offer ends: 24th May 2026
Barclays are giving £200 to new customers that sign up before the 24th of May. We think this is a strong offer and Barclays normally offer just 1 switch incentive each year.
First Direct £175 Switch Offer
Offer ends: Not disclosed, could disappear without notice.
First Direct are being a bit sneaky by not telling us when this one ends, but as long as you join whilst the offer is still active, you'll qualify for the cash.
The Co-operative Bank £100 Switch Offer + £75 Bonus
Offer ends: Not disclosed, could disappear any time.
You'll get £100 for completing the switch, but you have to do a little bit more work to get the £75 extra, but we still think it's worth it. Read our full guide to learn how to get the full £175.
Natwest £150 Switch Offer
Offer ends: 28th May 2026.
This one is relatively easy and the bonus is paid within 30 days of meeting the criteria. We recommend this offer, especially for beginners that are new to switching banks.
Santander £200 Switch Offer + £25 Amazon Gift Card
Offer ends: Not disclosed, could disappear without warning.
The extra £25 Amazon Gift Card is as good as cash in our books! This one is super easy and quite a strong offer compared to the other banks on the list. We recommend this.
Monzo £50 Joining Offer
Offer ends: Not disclosed, could disappear without warning.
When you join with a special link, you can get up to £50 mystery bonus when you make 1 card transaction. This one doesn't require a 'switch' so it's super easy, but the offer is less generous.
Lloyds £200 Switch Offer
Bonus: Free Cinema Tickets or Disney+
Offer ends: 30th April 2026.
This is a great offer from Lloyds that gives a generous amount of cash, plus 1 year of Disney+ or cinema tickets. Bonus is usually paid within 45 days of completing the switch.
Bank Switch Bonuses For High Earners
Some banks are offering bigger bonuses for people that meet a higher income threshold or have large savings.
We've included them below so that you can see if you qualify and compare them to the standard offers listed above.
Natwest £250 Switch Offer
Boosted bonus for high earners.
Offer ends: 28th May 2026.
This one is relatively easy and the bonus is paid within 30 days of meeting the criteria. We recommend this offer, especially for beginners that are new to switching banks.
Lloyds £500 Switch Offer
Boosted bonus for high earners.
Bonus: Free cinema tickets or Disney+.
Offer ends: 30th April 2026.
This is one of the biggest bonuses we've ever seen but it does have some strict qualifying criteria. If you meet the threshold, this is a great offer to apply for.
Other New Customer Incentives
These banks don't give away free cash, but they do have other perks that can help you make more from your savings or get cash back from your spending.
Chase Boosted Savings
Bonus: 4.5% AER variable for 1 year + 1% cash back.
Offer ends: Appears to be an ongoing offer by Chase.
This is a really competitive savings rate thanks due to the additional 2.25% boosted saver rate they give new customers.
How to get money for switching banks
Switching banks can earn you a cash incentive if you meet the provider’s conditions when joining as a new customer.
However, it's good practice to compare the full package, not just the bonus, if you're planning on actually staying with that bank for a while.
Look at overdraft limits and fees, interest rates on savings or the account itself, and charges for foreign transactions. These factors can affect whether the switch actually saves you money in the long run.
To claim a bonus, follow the bank’s sign-up steps exactly and keep evidence of all qualifying transactions and direct debits.
Keep a checklist of deadlines for meeting any payment or time-based requirements so you don’t miss out.
- Regularly check our Best Bank Offers for new switch incentives.
- Read the details carefully before applying to any of the offers.
- Make sure you're eligible for the selected offer before signing up.
- Keep a record of your switch and qualifying criteria actions.
Are you new to bank switching? You might find our Beginners Guide to Switching useful for learning the fundamentals.
Bank switch offer reviews
Monzo: £50 welcome for new users
Monzo is currently giving up to £50 in free cash for new customers who open a current account and make 1 transaction on their new debit card.
You need to sign up via a special link to be eligible for this offer as it's a 'refer a friend' offer. You can find the sign up link on the page below.
Things to note:
- You must make 1 debit card purchase to receive the reward.
- You will randomly get £10, £20, or £50 upon meeting the criteria.
- You must sign up with a special link. You can use this one here.
Santander: £200 cash plus a £25 Amazon Gift Card
Santander is one of the better value offers around right now when you add both rewards together.
You get £200 in cash plus a £25 Amazon Gift Card, though the two come with slightly different requirements so you need to hit both sets of conditions to collect the full amount.
This offer could expire at any time. The end date has not been disclosed by Santander.
How To Qualify For The Santander Switch Bonus
- Switch from your old account to Santander with the CASS. Your old account must be closed within 60 days of starting the switch.
- Deposit at least £1,500 within the first 60 days.
- Set up two Direct Debits from a specified list of household bills (can be done before or after the switch, but we recommend before).
- Also, to qualify for the £25 Amazon Gift Card you must make five debit card transactions within 30 days of opening the account.
Eligible Accounts:
Everyday, Edge, Edge Up, or Edge Explorer current accounts
Who Cannot Apply For This Offer:
- Anyone who held a Santander current account as of 1 January 2025
- Anyone who has previously received a Santander switching bonus
Barclays: £200 cash plus Free Apple TV+
Barclays offers a clean and straightforward bank bonus. You get £200 in cash and a free Apple TV+ subscription when you switch as a new customer and meet the conditions.
Once everything is done, Barclays texts you to confirm and your £200 lands within 45 working days from that confirmation text.
This offer is set to expire on 28 May 2026.
How To Qualify For The Barclays Switch Offer
- Open a Barclays Current Account with Blue Rewards through the Barclays app.
- Complete a full switch via CASS (this will move all payments across and close your old account).
- Pay in at least £2,000 within the first 30 days of opening.
Eligible Accounts:
Barclays Current Account (Must have Blue Rewards)
Who Cannot Apply For This Offer:
- Existing Barclays current account customers.
- Anyone who has previously received a Barclays switching bonus
- Non-UK residents.
First Direct: £175 cash for switching
First Direct pays £175 to new customers who switch and meet a handful of activity requirements in the opening weeks.
There is also an extra £35 available if you apply through Quidco or TopCashback, potentially bringing your total to around £210.
This offer could expire at any time. The end date has not been disclosed by First Direct.
How To Qualify For First Direct Free Cash
- Complete a full switch using CASS and close your old account
- Pay in at least £1,000 within 30 days and leave it there for a minimum of 24 hours. Leave it a little longer if you can to avoid potential issues.
- Move at least two Direct Debits or standing orders from your old bank
- Use your debit card at least five times within the first 45 days
- Log into online banking at least once within the first 45 days
Tip: You can create both direct debits using the 30 Pence Direct Debit service. It's the cheapest direct debit available.
Another tip: You can make the necessary 5 debit card transactions from the comfort of you own home using the 30 Pence Card Payment service.
(It's easier than buying 5 apples on 5 different transactions at Tesco's!)
Eligible accounts:
You must sign up for the 'First Direct 1st Account'.
Who Cannot Apply For This Offer:
- Anyone who has ever held a First Direct account
- Anyone who opened an HSBC account on or after 1st January 2018
What We Like About This Account
First Direct has a really strong reputation for customer service. They're really good compared to some of the traditional high street banks.
Don't forget that applying through Quidco or TopCashback adds an easy extra £35 if you already use either of these platforms, although it can take a while to get it.
The Co-operative Bank: £100 cash for switching and an extra £75 for staying.
The Co-operative Bank splits its offer into two stages. You get £100 when you complete the switch and hit the opening conditions, then a further £75 is available if you keep up a set level of activity over the next three months.
This one requires quite a bit of work, and you need to be diligent if you want the extra £75. However, we still think it's worth it.
This offer could expire at any time. The end date has not been disclosed by The Co-operative Bank.
How To Get The Bank Bonus From The Co-operative Bank
- Complete a full switch via CASS from your old bank
- Ensure your old account is closed within 8 weeks of switching
Then do ALL of this within 30 days of opening the account:
- Deposit at least £1,000
- Have two Direct Debits active on your account
- Make at least 10 debit card payments with your new card
- Register for online or mobile banking
The £100 will be paid within 7 days of meeting all of these conditions.
Complete these extra steps every month, for three months to get the additional £75 bonus:
- Make at least 10 debit card transactions
- Pay out two Direct Debits
- Deposit at least £1,000
Remember, you must complete these steps every month for three months to get the £75. We recommend setting a reminder on your phone & putting it on your calendar.
The additional £75 is apparently paid in £25 increments within 7 days of each 'qualifying month' ending.
As a reminder, you can Set Up 30p Direct Debits using our site, and you can also fulfil the required card transactions using our Cheap Card Payments service.
What Accounts Are Eligible For This Offer:
This offer is open for both new and existing Standard (or Everyday Extra) current accounts.
Who Cannot Claim This Offer:
If you have received a Co-operative Bank switching bonus since 1 November 2022, you will not be eligible for this promotion.
Lloyds Bank: £200 (Club Lloyds) or £500 (Lloyds Premier)
Lloyds is running two switch offers at once, with the bonus amount depending on which account tier you are eligible for.
Both come with the added choice of a free Disney+ subscription or cinema tickets.
Both offers expire on 30th April 2026.
How To Qualify For The Club Lloyds Bank Switch (£200)
- Switch via CASS from an account at a different bank
- Close your old account as part of the process
- Transfer three active Direct Debits across
- Spend at least £200 on your Lloyds debit card within the first 35 days
- Bonus paid within 45 days of the switch completing
How To Qualify For The Lloyds Premier Bank Switch (£500)
- Switch via CASS from an account at a different bank
- Close your old account as part of the process
- Transfer three active Direct Debits across
- Spend at least £100 on your Lloyds debit card within the first 35 days
- Pay in £5,000 in the first full calendar month, or hold at least £100,000 in qualifying Lloyds savings or investments throughout that month
- Bonus paid within 45 days of the switch completing
What accounts are eligible for this offer?
- £200 offer: Club Lloyds, Club Lloyds Silver, or Club Lloyds Platinum
- £500 offer: Lloyds Premier account
Who Cannot Apply For This Offer:
- Anyone who received a switching bonus from Lloyds, Halifax, or Bank of Scotland since 1 January 2023
- One offer per person (existing customers can apply if the above restriction is not triggered)
NatWest: £150 (Standard) or £250 (Premier)
NatWest also has two switch offers running at the same time, similar to Lloyds.
Their standard deal is open to a broad range of new customers, while the Premier offer is a little more exclusive and reserved for those who meet a higher income or assets bar.
How To Qualify For The NatWest Bank Switch Bonus (£150)
- Switch via CASS and close your old account
- Pay in at least £1,250 within 60 days of switching
- Log into online or mobile banking within that same 60 day window
- Bonus paid within 30 days of meeting all conditions
- Eligible accounts: Reward, Select, Premier Reward, or Premier Select
This offers expire on 28th May 2026.
Who Cannot Apply (Standard)
- Anyone who previously received a switching bonus from NatWest, RBS, or Ulster Bank
- Anyone who held a NatWest current account as of 17 February 2026
How To Qualify For NatWest Premier Switch Incentive (£250)
- Apply for a NatWest Premier account and switch via CASS
- Deposit at least £5,000 within 60 days of opening
- Log into the mobile app
To qualify for the Premier account, you need one of the following:
- Single income of at least £100,000 (or £120,000 joint income) paid into NatWest
- OR at least £100,000 in NatWest savings or investments
- OR or a minimum £500,000 NatWest mortgage
This offer could expire at any time. Natwest has not disclosed an end date.
Who Cannot Apply (Premier)
- Anyone who has received a NatWest switch offer before
- Anyone who held a NatWest current or savings account as of 10 March 2026
Chase: Boosted Saver for new current account customers
Chase does not offer a traditional cash switching bonus. The draw here is a linked savings account earning 4.5% AER variable for 12 months, plus 1% cashback on eligible debit card spending for your first year.
This offer could expire at any time. Chase seems to run this an an ongoing offer for new customers.
How To Get The Chase Boosted Savers Rate
- Open a Chase current account (UK residents aged 18 and over)
- Open the linked Boosted Saver within your first 31 days
- No CASS switch or direct debits required to qualify
Key Details You Need To Know
- Boosted Saver rate is 4.5% AER variable for 12 months (includes a 2.25% introductory bonus on top of the standard rate)
- After 12 months the rate drops back to the standard variable rate
- 1% cashback on groceries, everyday transport, and fuel for the first year, capped at £15 per month
- Fee-free account with no charges for spending at home or abroad
- 24/7 customer support through the app
Frequently Asked Questions
Which bank accounts have the best switching rewards right now?
The highest outright bonuses are Lloyds Premier at £500 and Barclays Premier at £400, but both require meeting significant income or asset thresholds.
For most people, the strongest standard offers are Santander at £200 plus a £25 Amazon Gift Card, Barclays at £200 plus Apple TV+, and Lloyds Club Lloyds at £200 plus Disney+ or cinema tickets.
First Direct is worth considering at £175 given its strong service reputation, and NatWest offers £150 with up to £36 in annual rewards alongside.
What conditions do you need to meet to get a bank switch incentive?
The specifics vary by provider, but the most common requirements are being a UK resident aged 18 or over, not having previously held an account or received a bonus from that provider, passing identity checks, and completing a set of qualifying actions within the timeframe each offer sets out.
You may have to transfer direct debits, salary credits, and maintain a minimum account balance to receive a reward, but make sure you check with the banks official documentation first.
How long does a bank switch take and when do you get paid?
Bank switches that require CASS (Current Account Switch Service) normally complete within seven working days. Payment for any reward or incentive varies depending on the bank.
For example, NatWest pays within 30 days of meeting the criteria. Barclays and Lloyds both pay within 45 days and Barclays Premier pays within 28 working days, but it's always best to double check with the bank.
Do you always need a direct debit for a bank switch bonus?
Not all bank switches require Direct Debits, but it is a common requirement for some of the higher paying offers. Always confirm the exact figures and deadlines for your chosen offer before you start the switch.
Does switching banks affect your credit file?
Opening a new account can involve either a soft or hard credit check depending on the bank. A soft search has no effect on your score. A hard search may appear on your file and can have a small short-term impact.
Switching via CASS on its own does not signal financial difficulty, but making multiple account applications in a short space of time can be noticed by lenders when you apply for credit later on.
What happens to your direct debits and standing orders when you switch bank?
If you use the CASS (Current Account Switch Service) all of your recurring payments and incoming credits will move to your new account automatically. Anything directed to your old account will be redirected for 36 months after the switch completes.
It is still your responsibility to check that everything has transferred correctly – go through your statements on both accounts in the weeks after switching to make sure nothing has been missed or duplicated.
