The best bank switching offers (October 2024) 

Membership Lloyds £200 switching bonus

The brand new switching bonus from Lloyds Financial institution is price £200 and runs from Tuesday 2 October to 10 December 2024. As soon as the swap has accomplished you’ll get the fee inside 3 working days.

All the small print on how to do that, and Andy’s full evaluation of the provide can be found here.

First Direct £175 switching bonus

First Direct at present gives £175 for opening a 1st Account with them and switching in. Right here’s our full analysis of the offer.

There’s additionally £35 obtainable on prime in case you apply by way of Quidco or Topcashback.

Nationwide £175 switching provide

This respectable switching provide is for £175. It began 25 September 2024.

You may also declare this provide twice. As soon as for a private account and as soon as for a joint account (although this latter one is one fee for each events within the joint account). I’ve written in detail about this switching offer here.

Co-operative Financial institution as much as £150 switching bonus

Co-operative Financial institution has launched a switching bonus price £75, with one other £75 obtainable on prime, in addition to doubtlessly one other £114 in curiosity as effectively. Our full analysis is here.

Barclays Premier Avios “£119” switching provide

There’s an alternate provide for brand new Barclays Premier prospects who swap in. They’ll earn Avios factors that may be modified to £125 price of Nectar factors.

That is just for prospects who’ve massive salaries or enormous quantities saved with Barclays (it is perhaps potential to get accepted as a joint couple who meet this requirement mixed). You additionally should be model new to Barclays too.

You want to add on Barclays Avios Rewards which prices £12 a month, although you’ll earn a few of that again in Avios factors (1,500 a month = £7.50 when transformed to Nectar) and one other 7,000 factors in case you keep a 12 months (=£35).

So successfully you’re taking a look at a spend of £144 over the primary 12 months and 50,000 factors, including as much as a revenue of £119 in Nectar factors.

For those who cease Avios Rewards after 4 months (whenever you get the bonus), you’ll have spent £48 and earned 31,000 factors, providing you with a revenue of £112 (as Nectar factors).

After all, in case you worth Avios factors on flights at the next fee, your revenue margin will enhance. You’ll additionally get airport lounge membership.

You’ll be able to’t have each Blue Rewards and Avios Rewards on the similar time.

TSB as much as £220 plus freebie switching provide (ended)

A brand new switching deal runs from 1 August 2024. It may very well be price £190 in money plus £30 additional by way of a cashback website and a freebie on prime, price £30 to £60 itself.

To get the total quantity you’ll must get an additional cashback bonus by way of cashback websites Quidco and TopCashback, and from the accounts themselves. Read my full analysis here.

Barclays £175 switching provide (expired)

Right here’s extra on the most recent switching deal for Blue Rewards, and you may as well learn our full guide and analysis.

Santander £175 swap provide (ended)

Santander has not often supplied any switching incentives – however in 2021 it launched a proposal for brand new and present prospects which have run yearly since then.

The newest is for £175 and started on 14 Might 2024

You want to swap into an Edge, Edge Up or Non-public account. Here’s our full analysis.

Virgin Cash switching provide – 10% curiosity (ended)

Virgin Cash has supplied seven completely different switching gives since December 2020 beneath the identify “Brighter Cash Bundle”, however it’s been quiet since late 2022.

However they’ve returned in Might 2024 with this provide, price £110. (you can read our full analysis here).

Earlier gives have included:

• 15 bottles of wine from Virgin Wine (Dec 20 to Mar 21)
• 12 bottles and a £50 charity donation (Mar 21 to summer season 21)
• £150 Virgin Experiences voucher
• £100 Virgin Expertise voucher and three% bonus curiosity (Jan 22 to April 22)
• 20,000 Virgin factors (April 22 to August 22)
• 25% cashback on grocery store and gasoline buying (September 2022)

Danske Financial institution £200 switching provide (ended)

Don’t get too excited a couple of model new swap deal – that is solely obtainable to residents in Northern Eire.

RBS £200 switching provide (ended)

RBS launched a £200 swap deal on 15 February 2024.

As with Natwest when it has run it’s been obtainable to present prospects, although you couldn’t get the cash from Natwest too.

I’ve written a full analysis of this RBS offer with extra particulars on the way it works right here.

Natwest £200 swap provide (expired)

A brand new provide from Natwest began on 15 February 2024, with no printed finish date. You may get £200 for a swap from one other financial institution into a brand new or present account.

As with RBS when it has run it’s been obtainable to present prospects, although you couldn’t get the cash from Natwest too.

We’ve written a full analysis of this offer with extra particulars on the way it works.

Earlier Natwest swap offers

• In each 2018 and 2019 Natwest supplied switching bonuses on three events between £100 and £150
• It returned in October and November 2020 providing £125.
• It ran 24 January 2022 till 7 April 2022 providing £150.
• A £175 provide ran September to November 2022.
• A £200 provide ran February to September 2023
• A £200 provide began February 2024

Ulster £200 switching provide (ended)

Ulster launched a £200 swap deal on 15 February 2023.

As with Natwest and RBS when it has run it’s been obtainable to present prospects. Although technically you may’t get the cash from Natwest and RBS too, up to now some have been capable of.

We’ve written a full analysis of this Ulster Bank offer with extra particulars on the way it works right here.

HSBC as much as £220 swap & keep bonus (ended)

It is a excessive paying provide, however you’ll have to leap by a lot of hoops not only for the primary £100 swap bonus, however for 12 additional months for as much as £120 on prime.

All the small print on how to do that, and Andy’s full evaluation of the provide can be found here.

£100 swap provide

£10 a month particulars

Financial institution of Scotland switching bonus

Financial institution of Scotland isn’t operating a switching provide proper now.

Chase Financial institution welcome bonus (ended)

The brand new £20 referral scheme started on 11 Might 2022 and ended 7 June 2022. You don’t want to change. Right here’s more on how it works, and easy methods to refer your pals (incomes as much as £400).

Halifax swap deal (ended)

Till 31 August 2023 Halifax is providing as much as £225 for switching to a brand new Halifax Reward or Final Reward account.

The Reward account is my choose of the 2 and you may earn a £5 month-to-month reward. The Final Rewards account has added options resembling insurance coverage however comes with a £17 month-to-month payment.

It’s open to present Halifax prospects too, even in case you already maintain considered one of these accounts. Right here’s extra details about how to get the £225.

Halifax has often been providing money bonuses of between £75 and £150 since switching started in 2013. Extra not too long ago it ran gives in April/Might and July/August 2021 (£100) and October/December 2021, March/Might 2022 (£125) and July/August 2022 (£150).

HSBC Advance & HSBC International Cash provide (ended)

There’s as much as £260 up for grabs with this opening provide (£205 from HSBC and £55 with TopCashback), although there are a number of steps concerned. You don’t have to change an account to HSBC to get this one. We expect that this deal will finish on 6 November 2023, so that you’ll should be fast if you wish to take benefit.

You may get £125 whenever you:

• Open a brand new HSBC Advance or Premier Account
• Deposit £1,500+ inside 60 days
• Make 5+ funds together with your HSBC debit card
• Register and log in to the HSBC cellular banking app
• Open an HSBC International Cash Account inside the app

The cash is paid into your International Cash Account inside 20 days.

You’ll be able to then get one other £80, plus an opportunity to win £3,000 in case you use your International Cash debit card 5+ occasions by 21 April 2024.

The cash might be paid into your International Cash Account between 1 Might 2024 and eight Might 2024 and the prize draw takes place on 29 April 2024. 

There aren’t any necessities to have direct debits or standing orders arrange with this account. Nevertheless you may’t have had an HSBC account since 1 October 2018, or opened a First Direct account since that very same date.

You may also at present get £55 in cashback whenever you open a HSBC Advance account by TopCashback, which brings the overall quantity to £260.

Plus, in case you’re a new TopCashback customer, you will get £15 whenever you spend £15 by way of it.

HSBC swap provide (ended)

You may get a £200 bonus when switching to the HSBC Advance present account, however that may very well be elevated to as a lot as £250.

Cashback website Quidco is providing £40 additional whenever you apply by way of their website.

You want two Direct Debits or standing orders to qualify for the bonus. Except you will have spare Direct Debits you wish to transfer, I’d go for the latter and easily switch cash from one other checking account (after which again once more!). Right here’s my guide to the offer.

The account requirement of a £1,750 month-to-month deposit doesn’t want to remain within the account.

Metro Financial institution switching provide (ended)

Metro launched a model new referral provide in 2020, however that ended 18th December 2020. The provide was £50 for each the particular person referring and the particular person signing up and switching. It was capped at £250 for the present Metro buyer. I’ll replace it right here it returns.

Monzo account opening provide

You may get £5 free money from Monzo whenever you be a part of for the primary time. You’ll must get a refer-a-friend hyperlink from an present buyer. These hyperlinks might be restricted, so make sure that the touchdown web page explicitly says you’ll earn £5. If it doesn’t, see if you will discover one other hyperlink. You’ll get the fiver when you’ve completed this.

Revolut account opening provide (ended)

You may get a £10 free credit score from Revolut whenever you be a part of for the primary time by way of this hyperlink and entry to at least one month’s free Premium.

To get the tenner it’s good to prime up your account from one other financial institution after which spend at the very least £1 on the cardboard.

You’ll should pay in order for you a bodily card so I wouldn’t hassle. There’s a digital card you should use right away from the app or add to your telephone’s pockets.

You don’t should take the one-month free Premium however in case you do it needs to be inside 72 hours of signing up. For those who don’t wish to proceed with Premium as soon as the preliminary month you may simply downgrade within the app. Don’t overlook otherwise you’ll pay £6.99 a month. For those who ordered the cardboard you’ll should pay for it, so once more, don’t do that except you’re going to stay with Premium.

Full phrases and circumstances can be found whenever you click on by. Ends 31 December 2022.

Triodos referral provide (expired)

Signal as much as Triodos’s present account by way of a referral link and you will get a £60 voucher to make use of at Moral Superstore or Neals Yard. Or you may select to have the cash donated to charity. The prevailing buyer that refers you should have a £25 donation made on their behalf.

You don’t want to change to get the bonus, however it’s essential to pay in £100.

Right here’s extra on the present deal.