Get More Bang for Your Buck: Bank Switching Offers in the UK
If you're based in the UK, switching banks might not be as daunting as it sounds - in fact, it could be a pretty lucrative move! Some banks offer enticing incentives, like cash rewards, interest-free overdrafts, and other special perks, to encourage customers to switch over to them. These offers are called bank switching offers, and they're a great way to earn some extra cash just by moving your money around. The Current Account Switch Service (CASS) ensures that the transition is smooth and hassle-free, so you don't have to worry about any disruptions to your finances. Additionally, the Financial Services Compensation Scheme (FSCS) provides added security and protection for your money in case anything goes wrong. Just be sure to carefully review the eligibility requirements for each offer before making the switch. We'll keep you updated on the latest bank switch offers available, so stay tuned!
1.Get £200, 8% regular saver and a 0% overdraft for a year when you switch to Nationwide
Eligibility criteria:
Switch online only.
Switch a non-Nationwide account to one of the following Nationwide's accounts - FlexPlus, FlexDirect or FlexAccount.
You can't have had a switch bonus from Nationwide since 18 August 2021.
Make sure your non-Nationwide bank account has 2 or more active Direct Debits before switching.
Full terms & conditions: Click here
Apply for the switch by Clicking here
£200 will arrive within 10 calendar days of your switch completing.
2.Get up to £210 when you switch to TSB
Below is the eligibility criteria to get £150 switch incentive and up to £60 double cashback when you make 20 or more payments using your debit card each calendar month to earn £5 cashback for the first six calendar months (TSB will double the cashback).
Eligibility criteria:
Apply for a new TSB Spend & Save or Spend & Save Plus account through tsb.co.uk, the TSB Mobile Banking App or in Branches before the offer is withdrawn.
Complete a full switch to your new TSB Spend & Save or Spend & Save Plus account using the Current Account Switch Service (CASS) by 31st Oct 2023.
Make a minimum of one payment using the debit card on your new Spend & Save or Spend & Save Plus account.
Log into the TSB Mobile Banking App at least once.
Have a minimum of 2 active Direct Debits on your new Spend & Save or Spend & Save Plus account.
Full terms & conditions: Click here
Apply for the switch by Clicking here
£150 will be paid into your new Spend & Save or Spend & Save Plus account by 30 November 2023 after meeting all the above eligibility criteria.
3.Get £175 when you switch to a Club Lloyds Account and choose from one of the rewards
Eligibility criteria:
The offer applies to applications received in branch, online or by phone from 19/09/2023 and 14/11/2023.
Open a new Club Lloyds account, Club Lloyds Silver account or Club Platinum account.
Use the CASS to transfer and close your existing account held with another bank into the new account.
You can't have had a switch bonus from Lloyds Bank or Halifax Bank since April 2020.
Start your switch by the 14 November 2023.
Full terms & conditions: Click here
Apply for the switch by Clicking here
£175 will arrive within 3 working days of your switch completing. You can also choose from either 12 months of Disney+, 6 cinema tickets, an annual digital Coffee Club and Gourmet Society membership or an annual magazine subscription
4.Get £175, 7% regular saver when you switch to First Direct
Eligibility criteria:
Switch using the Current Account Switch Service (CASS).
Deposit £1,000 within 3 months of account opening.
New customers to first direct only, who have not previously held a first direct product.
Offer is not applicable to people who have opened an HSBC current account on or after 1 January 2020. (You may hold an HSBC account and still qualify for the offer, as long as the current account was opened before 1 January 2020)
Full terms & conditions: Click here
Apply for the switch by downloading First Direct mobile application Clicking here
£175 will arrive within 28 days of your switch completing and meeting above criteria.