Barclays switch offer: get £175 (2025) 

Right here’s how new Barclays prospects can get £175 for switching

After a 12 months, Barclays is again with a brand new swap supply – although you’ll want so as to add Blue Rewards. Right here’s what you might want to know to get the money.

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How a lot are you able to get with the Barclays swap supply?

This new supply is about at £175 for the swap – the identical as final summer time and essentially the most the financial institution has ever supplied on this method.

In case you determine to maintain the account, you’ll additionally get entry to a 4.61% paying financial savings account (on balances of as much as £5,000) and free Apple TV+.

What are the necessities for the Barclays swap supply?

First up, you have to open up a model new private (not joint) account by way of the Barclays app. The account could be both the Financial institution Account or Premier Present Account.

In case you go for the usual Present Account you’ll additionally want to affix the Blue Rewards scheme. This has its personal set of circumstances we’ll define under and prices £5 a month – however you can read more detail about the scheme here.

The Premier Account additionally has circumstances. It is advisable to earn £75,000 or extra in a 12 months and have it paid into the present account, or save or make investments greater than £100,000 with Barclays.

There’s additionally a requirement to modify over two energetic direct debits. I’ve written right here about some easy and fast ones you can set up if you happen to’re in need of these.

The swap have to be from a unique financial institution by way of the Present Account Change Service. This implies your outdated account will probably be utterly closed, although all of your cash and funds out and in will probably be transferred over for you. Right here’s extra on how to switch banks.

It is advisable to begin the swap, by way of the app, by 28 August 2025 and full it inside 30 days of requesting it.

You additionally must have added a minimum of £1,500 to the account by the identical August date.

When will you get the cash?

The cost will probably be made inside 28 days of the swap completion. The quickest this could occur is seven working days, so that you’re 37 days which is roughly 5 and a bit weeks.

When does the supply finish?

The final date to start out the swap is prone to be 28 August 2025.

Can current or earlier Barclays prospects get the swap bonus?

Sadly this supply guidelines out any Barclays buyer who has ever opened any Barclays checking account on the date of software or earlier than 15 July 2025. That’s no matter whether or not you continue to have it, or whether or not the account is private or joint. This consists of:

• Barclays Primary Financial institution Account
• Barclays Financial institution Account
• Barclays Financial institution Account with a Private Overdraft
• Barclays Financial institution Account with Blue Rewards
• Platinum Financial institution Account
• Mortgage Present Account
• Premier Present Account
• Scholar or Graduate Account

The phrases additionally say individuals are excluded in the event that they’ve ever had switching money from Barclays previously, although that appears irrelevant if you happen to can’t participate if you happen to’ve ever had an account with them.

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Points when making use of

When the supply ran in November 2023, numerous you reported issues when making use of by way of the app. From disappearing choices to use for the account to error codes when making an attempt so as to add Blue Rewards, it was irritating for a lot of.

Over within the Facebook group, a few of you’ve got shared the way you’ve resolved a number of the points, so I’m sharing them once more right here in case they reoccur.

• Regarding Barclays Blue Rewards UD001 error: “When the error pops up within the app, as an alternative of urgent OK, simply press again button on the telephone and scroll down and join as regular. (Anon)
• Regarding withdrawing cash “Only a phrase of warning to anybody wanting to only bounce cash via the account to cowl the £800, on a newly arrange Barclays app you can not add a brand new payee for 4 days” (Paul)
• Regarding points opening an account: “Roughly what time did you attempt to apply for an account on the app? As a result of I consider the choice isn’t out there between 11pm to 7am” (Ishraq)
• Regarding ID points “ One potential cause the department indicated is that you probably have a Barclaycard and the title doesn’t match exactly(e.g no center title on one or the opposite), the system can’t resolve the error they usually might want to manually merge the data (which can additionally fall foul of the bonus guidelines). In addition they mentioned having a brand new account opened (within the banking app) will imply shedding entry to the Barclays bank card within the outdated (or the brand new) app. It’s hopeless” (Stuart)

Which Barclays account ought to I select?

For most individuals, you’ll must go for the Present Account because the Premier Present Account requires an annual wage of £75,000 or a minimum of £100,00 saved in Barclays, which is able to rule out most candidates.

So when you’ve opened the Present Account you’ll want so as to add on Blue Rewards. This has extras equivalent to free Apple TV+ and a 4.61% paying financial savings account on balances as much as £5,000.

Nevertheless, final 12 months there was a revamp of the Blue Rewards add-on, which implies you’re unable to cancel out the £5 annual payment by paying two direct debits every month.

It’s potential you possibly can open the account and begin the swap in the beginning of August and undergo all the swap to get the £175 earlier than the top of September, that means you’ll pay simply £10 in charges earlier than you’ll be able to shut down the Blue Rewards further, that means your web revenue from the swap will truly be £165. In fact, you’ll even have free Apple TV+ for those self same three months.

Is it price switching to Barclays?

Andy’s evaluation

In case you don’t have already got a Barclays present account then I’d completely go for this supply. It’s comparatively easy to satisfy the eligibility, and you’ll all the time ditch Blue Rewards after you have acquired the switching bonus.

What prospects consider Barclays

Over at our sister website Sensible Cash Folks, prospects have rated the Bank Account 4.46 out of 5 and the Premier Account 4.15 out of 5. You may learn all of the opinions (and go away your individual) by way of the hyperlinks above or button under.

Barclays swap supply abstract

Is it the very best switching supply?

Offers come and go all year long, so it’s all the time price checking to see if a greater paying possibility is on the market. You may learn extra about the latest switching offers here.