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You can make some decent money by switching bank accounts.
Here are some of the best offers around for doing so at the moment…
TSB: Up to £310
The potential value of this offer is the highest we have seen – though it isn’t quite as easy as £310 in your account. What you can earn is…
- £100 upfront
- £15 cashback a month for six months
- £120 credit towards a hotel via Travel Credits
- Bonus: You also have access to a fixed saver offering 5% on a maximum deposit of £250 a month – maxed out, that’ll earn you £81 a year.
In total, that’s potentially £391 of rewards – but you will have a few hoops to jump through.
To qualify, you need to open the account and switch in from a different bank. Then spend on the debit card five times and log into the mobile app – all before 22 September. Your £100 will then be paid between 6 and 12 October.
To qualify for the monthly cashback, you need to spend on the debit card at least 20 times in a calendar month.
To be eligible, you can’t have had a switch bonus from TSB since 1 October 2022.
Barclays: £175
To get the bonus, open a new account using the Current Account Switch Service (CASS), set up two direct debits or standing orders and pay in £1,500 within 30 days.
You won’t get the bonus if you already have a Barclays account, and have until 28 August 2025 to follow the steps.
Lloyds Bank: £185
For this deal, you’ll need to open a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum or Lloyds Premier account.
The accounts cost £5 a month, but this is waived each month if you pay in £2,000 or more. This offer also comes with benefits such as cinema tickets, Disney+ or a magazine subscription.
To get the bonus, you also need at least three active direct debits.
First Direct: £175
You need to switch an account using CASS with two direct debits or standing orders, pay in £1,000, make five debit card payments within 45 days and log in to digital banking.
You won’t get the bonus if you’ve ever had a First Direct account or opened an HSBC account since January 2018.
Tip: If a bank requires you to pay in a certain amount to qualify for a bonus, you can transfer that money in and then immediately back out. Unless the small print says otherwise, it shouldn’t need to stay in your account for a certain amount of time.
Santander: £180
To get this bonus, you need to pay in £1,500 (which can be done across multiple payments) and set up two direct debits within 60 days of starting the switch process.
You also can’t have held a Santander current account on 1 January 2025, and must complete the full switch within 60 days. The Santander website says this includes “closing their external account”.
The £180 will then be paid within 90 days.
NatWest: £175
To benefit from this NatWest offer, you can’t have had a current account with the bank as of 24 June 2025 – only new customers after this date are eligible.
The £175 comes in two payments – the first, for £125, comes after you’ve applied online or via the bank’s app to switch your current account into an eligible Select or Reward account using CASS.
There’s an extra £50 in it for you if you open a Digital Regular Saver account, too – which pays 5.5% a year, up to £5,000.
The current account comes with a £2 fee, but you can earn £5 a month back if you pay in £1,250.
To qualify, switch in an account and pay in £1,250 within 60 days and log in to mobile banking. The £125 is then paid within 60 days.
You can’t get the extra £50 until you’ve received the £125 and, within 60 days of your current account switch, opened a Digital Regular Saver account. You’ll then get the £50 within 30 days.
You’ll be excluded from the offer if you’ve ever had a switch bonus from NatWest, RBS or Ulster Bank before.
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