The best bank switching offers (June 2025)

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

More details ▼

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

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

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.

Trading 212 Cash ISA

New Trading 212 customers get an increase of 0.71% AER to 4.81% for 12 months

More details ▼

Additional Info

Existing Trading 212 customers get a rate of 4.35%

FSCS Protected?: Yes

Allows transfers in?: Yes

Flexible ISA?: Yes

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Does bank switching affect your credit score?

We love bank switching, but there are some situations when switching could hurt your credit report.

Here’s what you need to consider before switching if you’re worried about your score.

Debit card ‘spend’ hack

You might find a switching deal or current account reward requires you to spend regularly with your new debit card.

That’s not hard – but we’ve a way you can do this and still earn cashback on your spending from a different card.

The best rated current accounts

Thousands of customers have left current account reviews over on our sister site Smart Money People.

Find out which current accounts they rate – and the ones they don’t.

Top bank switch offers

Other switch offers

About bank switching

How to switch bank

Switch bank like a pro

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.

Does bank switching affect your credit score?

Debit card ‘spend’ hack

The best rated current accounts

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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.