The most recent information that can assist you get probably the most out of your checking account.
Right here’s my month-to-month replace sharing adjustments for main UK present accounts, in addition to among the related articles you might need missed on the weblog.
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October’s present account provides
Newest financial institution switching offers
There at the moment are an enormous eight offers from main banks, although you’ll be able to’t go for many these in case you’ve had the money earlier than. Click on every hyperlink for more information on each.
The latest provide is one other from Barclays, offering up to £400 in case you swap into the Premier Account. For those who’re not eligible for that, then there’s £200 up for grabs through the Present Account, although you’ll have to pay for Blue Rewards on high at £5 a month, so technically you’ll make £190 revenue in case you axe the account as soon as the switching money is in your account. You’ll additionally get free Apple TV+ whereas it’s energetic.
There’s additionally £200 up for grabs from Lloyds Financial institution for switching into a Club Lloyds account. That comes with free Disney+ with Advertisements or six cinema tickets and an honest 6.5% Club Lloyds monthly saver.
Some current and all new Chase customers have been supplied the prospect to get a £100 Amazon voucher. You don’t really need to modify in case you guarantee your wage is paid into your account.
TSB’s bank switch offer has returned, and could possibly be value as much as £240, although it’s additionally extra difficult with rather a lot to do every month for the complete quantity.
Elsewhere, First Direct’s switching offer remains to be going for £175. Don’t overlook you’ll be able to entry a 7% regular saver with this financial institution.
Nationwide’s switch deal additionally has the identical quantity on provide, and you may get it for each a private and a joint account. There’s a superb likelihood you’ll decide up an extra £100 Fairer Share bonus subsequent spring.
Plus you’ll be able to decide from both NatWest or RBS and get £175 for switching. That is most likely the provide with the fewest circumstances.
Lastly, Co-op can also be within the combine. There’s £100 for the preliminary swap, then as much as £75 accessible on high.
Buying and selling 212 extends to 1.5% cashback
The elevated 1.5% cashback fee on Trading 212’s debit card has been prolonged till 30 November for spending at residence and overseas. It is advisable to select to auto-invest your cashback to get this larger fee. Keep in mind with investing, your steadiness can go up or down.
Hopefully the provide can be prolonged once more. For those who don’t have an Buying and selling 212 account but, there’s a welcome offer of a free share worth between £8 and £100 through our hyperlink.
October’s present account information
New Santander packaged account
Santander has launched the Edge Explorer present account, and it’s value a glance. That is the Edge account with added insurance coverage packages for a £17 month-to-month payment. You’ll get:
- worldwide household journey insurance coverage
- breakdown cowl for the account holder (as driver or passenger)
- cell phone insurance coverage for entire household
- 1% cashback on some debit card spending
- distant GP entry
Alonside the Edge perks of:
- 1% cashback on payments
- entry to a 6% Edge Saver on steadiness of as much as £4,000
That is certainly one of our high picks in case you want the included insurance policies and already pay the £3 payment for Edge. Apparently it provides again within the 1% cashback on grocery and journey spending that was faraway from the Edge lately.
A barely cheaper Virgin Cash Membership M account is available in at £12.50 a month in case you don’t need the cashback and financial savings.
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Have you ever modified your Santander 123 Lite account?
Whereas we’re speaking cashback on payments, a fast reminder that on the finish of August, Santander transferred all 123 Lite accounts into their regular On a regular basis account. Meaning you’re not incomes a refund on funds from there.
For those who’re but to maneuver your funds, you’ll be able to nonetheless earn a refund from the Santander Edge and Zopa Biscuit accounts.
Monzo introduces Billsback competitors
One other new approach to get a refund on payments is from Monzo. Billsback applies to anybody with an Additional, Perks or Max account and it’s the prospect to win your invoice funds again every month. You’ll be mechanically opted in, so in case you aren’t already getting cashback in your payments or subscriptions elsewhere, you could as nicely transfer them to your account.
There are greater than 1,000 payments chosen every month, and as much as £150 per invoice is refunded by Monzo. You could possibly win greater than as soon as every month, however you could possibly additionally win nothing in any respect.
Although there aren’t official odds launched, Monzo says there are a couple of million paying Monzo prospects, so if on common they pay six payments from their accounts, meaning one in 6,000 funds can be repaid.
We’ve coated the way it works in additional element in our information to Monzo Billsback.
Monzo provides free Uber One
I’m already a fan of the Monzo Perks account, and it’s obtained higher with the addition of Uber One.
You’ll must pay £7 a month for Monzo Perks, so you might want to make sure that this and different options are extras you’ll really need and use. These embody:
- Monzo’s further budgeting options
- a free annual Railcard
- a month-to-month Vue cinema ticket
- a weekly Greggs deal with
We’ve coated these in additional element in our Monzo Perks review.
The free Uber One will get you:
- 5% cashback on rides
- 10% cashback on trains (up from 5%), Exec rides, flights and extra
- decrease Uber Eats charges
- free supply on Uber Eats over £15
You’ll be able to learn extra about this in our Uber One review. Sadly you don’t get the Disney+ provide as that’s solely accessible in case you pay for Uber One.
No new Halifax Rewards
Sadly it seems to be like no debit card charges on abroad spending (already stay) and as much as 3% curiosity on balances as much as £5,000 are the one new options on Halifax Rewards following the end of the old style perks final month.
You continue to must deposit £1,500 into the account every month to keep away from the £3 month-to-month payment, however I don’t suppose the perks on provide are well worth the admin – particularly in case you had the utmost three of those accounts.
So do you have to ditch your current accounts? Properly maintain on for a second. For those who had energetic rewards on the account when the provide led to September, you’ll be paid the money or cinema tickets in bulk for any you’ll have obtained within the coming months. This fee will occur this month, so wait till you might have these within the account.
However when you’ve obtained that, and that’s in case you get it, then I’d look to downgrade your accounts to the usual Present Account and have them available as dummy accounts for future switching provides.
Chase remains to be a superb dummy account
I noticed a publish in our Facebook group final week about utilizing Chase as a dummy account. In it, the poster stated Chase’s buyer assist instructed him that in case you swap away all of your Chase accounts will shut.
I shortly checked with the Chase press crew who confirmed the foundations haven’t modified and the incorrect info was given to the shopper. So so long as you might have a couple of present account open within the app once you swap, you’ll nonetheless be capable of use Chase as a dummy account and preserve every part else stay.
Extra financial institution closures
Lloyds, Halifax, Financial institution of Scotland, Natwest and RBS have all introduced additional department closures. Most of this newest tranche will shut in January 2026. Discover out in case your native is affected in our up to date articles
Our high present accounts for October 2025
I all the time suppose it’s value having a couple of present account (find out why here) and right here’s my run-down of the highest accounts to have this month.
