Some clients can get a £50 Amazon voucher for shifting their banking.
Thus far, financial institution change incentives have been restricted to the lengthy standing excessive road operators, however our readers have alerted us to a brand new deal from Chase Financial institution. Right here’s what you must know.
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What’s the Chase Financial institution change provide?
Chase has launched it’s first ever financial institution change incentive, with clients who meet the factors gaining a £50 Amazon voucher.
That’s a lot decrease than the free money supplied by different banks, with the best quantity proper now the £185 offered by Club Lloyds, whereas you will get as a lot as £310 via the TSB switch in case you preserve lively on the account after the preliminary change.
You may solely get one voucher for one change, so there’s repeat switches received’t improve your return. The voucher will probably be legitimate for 10 years.
Who can get the Chase Financial institution change deal?
Right here’s the unhealthy information. It’s not a suggestion open to all Chase clients. Eligible clients have all been notified by electronic mail and within the app on or round 18 July 2025, so in case you didn’t get both of those, then you definitely received’t qualify.
Chase wouldn’t inform me how many individuals have been chosen, however did reveal it’s a small quantity. They’ve additionally been extremely fairly on the matter, with no social or advertising and marketing materials used to advertise the deal.
The one motive we learn about it’s as a result of a handful of members of our Facebook community obtained the promotion and shared it within the group.
Tips on how to get the Chase Financial institution change money?
In comparison with different financial institution switching offers, that is as straightforward because it will get. There’s no necessities for direct debits to be transfered, deposits to be made or debit playing cards for use.
It’s merely simply utilizing the Present Account Swap Service (CASS) to maneuver an account from a special financial institution over to Chase, which can shut the outdated account. You are able to do this by tapping your profile, after which ‘Swap to us’. Then observe the prompts to set off the change.
The outdated account must be a private one – joint or buisiness accounts can’t be converted. And as with all switch deals, it must be a financial institution that’s a part of CASS (which guidelines out Revolut and Monese).
That you must begin the change by 23:59 on 10 August 2025, and the change should full inside 14 days of starting this course of.
Be sure to don’t shut down your Chase present account earlier than you get the cash. When you’ve got multiple present account in your Chase app you possibly can shut others (maybe as dummy switch accounts for other offers) so long as one nonetheless stays.
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Plus an unique £20 welcome bonus for brand new Quidco members (Phrases apply)
When will you obtain the £50 Amazon voucher?
As soon as the change is full you’ll be despatched the voucher by way of electronic mail. This may take 30 days following the change to occur.
Must you change to Chase?
If you happen to’ve been despatched this provide, you is perhaps tempted for a straightforward £50. If you happen to want the money then positively go for it.
Personally, if I used to be eligible (I’m not), I’d truly maintain off. That is primarily a trial by Chase, and so they might resolve to not roll it out additional. So giving it a miss is a danger.
However taking benefit now might rule you out of later presents. I’d somewhat wait to see if a greater promotion comes alongside at a later date.
And naturally in case you aren’t already with Chase, then there’s you 100% received’t have been despatched the promotion. Nonetheless, signing up now might get you a 5% savings account for 12 months, together with 1% cashback on some purchases.
Different financial institution change presents
If you happen to can’t get his deal, don’t overlook there are many different financial institution change offers out there. We’ve listed them in our guide to the latest bank switch offers, or you possibly can click on the hyperlinks beneath for full evaluation of every one.
