The best cash incentives available when you switch banks right now
We’ll update this page as new offers appear, though you should check the terms and conditions at each bank before you begin to ensure they haven’t changed.
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Top bank switch offers
£100 switch and up to £120 cashback and £120 hotel credit
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Additional Info
Extra cashback: £30 to £40 available via Quidco or TopCashback (rates can change)
Extra bonus: Triple cashback for six months (worth £90)
Extra reward: £120 Expedia voucher or days out pass
Switch bonus paid: Between 2 and 16 August 2025
Existing customers?: Yes
Requirements
Switch using the Current Account Switch Service and close old account with 21 days of the offer ending
Use the debit card 5 times by 19 July 2025
Log in to online or app banking by 19 July 2025
For additional bonus, make 20 debit card transactions per calendar month for six months
For cashback, make two debit payments in three of the four months from opening and pay in £500 a month in three of the four months from opening
Exclusions
You can’t have already have received a TSB switching bonus since 1 October 2022
Offer limited to once per person and account
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Up to £20 extra via cashback site
Apply via cashback site Quidco or TopCashback for an up to £20 bonus
More details ▼
Additional Info
Bonus paid: Around 90 days after requesting the switch
Existing customers: Only if opened an account since 2 January 2025
Requirements
Open a new or hold an existing Everyday Edge, Edge Up or Private current account
Set up two Direct Debits before or after the switch from a selected list of household bills
Switch using the Current Account Switch Service and close your old account within 60 days of starting the switch
The old account must be from a different bank
Deposit £1,500
Exclusions
Can’t have held any Santander current account on 1 January 2025
Can’t have received a switching bonus from Santander already
Offer limited to once per person
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Extra £35 via cashback site
Apply via cashback site Quidco or TopCashback for a £35 bonus
More details ▼
Additional Info
Bonus paid: By the 20th of the following month after meeting the criteria
Existing customers?: No
Additional cashback: Must apply via a cashback site (rates vary)
Requirements
Move two direct debits or standing orders from your old bank
Switch using the Current Account Switch Service and close old account
Pay in £1,000 within 30 ays of opening the account (and leave it there for 24 hours)
Use your debit card five times in the first 45 days
Log into mobile banking or the banking app in the first 45 days
Exclusions
You can’t have or have ever had a First Direct account
You can’t have opened an HSBC account since 1 January 2018
Offer limited to once per person
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Other switch offers
Qualifying existing customers only
More details ▼
Additional Info
Bonus paid: Within 10 days of the switch completing
Existing customers?: Only
Requirements
Open a new or already have a FlexPlus, FlexDirect or FlexAccount
Switch using the Current Account Switch Service and close your old account within 28 days of starting the switch
Transfer two direct debits
Deposit £1,000 within 31 days
Make one debit card transaction within 31 days
The old account must be from a different bank
Exclusions
Must be eligible banking, savings or mortgage customer as of 31 March 2025
You can’t have received a bonus from a switching offer since 18 August 2021
Offer limited to once per person per account type, but you can get it on both personal and joint
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Northern Ireland only
More details ▼
Additional Info
Eligible accounts: Choice, Reward or Freedom
Switching bonus: £100
Bonus paid: Within 10 days of meeting the criteria
Additional bonus: £25 a month for three months
Existing customers: No
Requirements
Switch bonus:
Complete a full switch within 60 days of opening the account
Pay in £1,000 within 60 days
Register for online or app banking
Additional bonus requirements:
Make 11 debit card transactions a month for three months
Exclusions
Cannot already have a Danske Bank current account or had one on 7 April 2025
Cannot have had a Danske switching offer payment since 1 January 2023
Offer limited to one welcome offer per person and account
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More details ▼
Additional Info
Bonus paid: Four months after joining Avios Rewards
Existing customers: No, must join Avios Rewards within 4 months of opening your first Barclays current account
Requirements
Open a new Premier Banking account
Earn £75,000 a year or have £100,000 saved/invested with Barclays
Add Barclays Avios Rewards to your account (£12 a month)
Switch using the Current Account Switch Service and close your old account
The old account must be from a different bank
Exclusions
Offer limited to once per person
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About bank switching
Bank switching doesn’t need to be scary, and once you get the hang of it you can make some decent cash! Here’s everything you need to know to get started.
How to switch bank
You can switch bank for a number of reasons, but the main benefit is an effective cash bribe that banks offer to get you to choose them.
Here are the basics to get you started.
Switch bank like a pro
Once you’ve switched for free cash, you can keep going!
We’ve shared the things you need to know first, and what you can do to make it even easier.
You don’t actually need to switch your main current account.
Instead you can set up a new one just for switching! Here’s how
Some switch offers require you to have a handful of active direct debits to transfer over.
If you don’t have enough, then we’ve some hacks to help you set up new ones quickly that won’t require you to pay for anything.
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