Thinking of switching banks? A new offer from Barclays may catch your eye, with the potential to earn a significant cash bonus. This article will break down the details of the Barclays bank switch incentive, including how much you can get and what you need to do to qualify.
Barclays’ Switching Offers
Barclays has introduced new switching deals that could put extra cash in your pocket, with offers of up to £900 available through a combination of deals.
- Up to £400 for Switching Your Current Account Barclays is offering a bonus of up to £400 for new customers who switch their current account to them. The amount you receive depends on the type of account you open and the amount you deposit.
- £500 ISA Transfer Offer In addition to the current account switching bonus, Barclays has a separate offer that could give you up to £500 for transferring your ISA.
How to Qualify for the Switching Bonus
To be eligible for the switching bonuses, you need to meet specific criteria. The process is managed through the Current Account Switch Service (CASS), which simplifies moving your account and takes about seven working days.
The £200 Offer
For those looking to get the £200 bonus, you’ll need to :
- Open a Barclays Bank Account through the Barclays app.
- Enroll in the Blue Rewards program, which has a £5 monthly fee.
- Complete a full switch, which includes transferring at least two direct debits.
- Deposit a minimum of £2,000 into the new account within 30 days of opening it.
You also need to have at least £800 paid into the account each month. The Blue Rewards program offers benefits like cashback on spending and a free Apple TV+ subscription.
The £400 Offer
To double the bonus to £400, the requirements are more stringent :
- Open a Barclays Premier Current Account via the app.
- Complete a full switch, including at least two direct debits.
- Deposit at least £4,000 within 30 days of opening the account.
A key condition for the Premier account is having a gross annual income of at least £75,000 or a minimum of £100,000 in savings or eligible investments with Barclays.
Important Dates: Both of these switching offers are available until November 27, 2025.
Who is Eligible?
This offer is for new Barclays customers. If you have held a Barclays bank account on or before July 15, 2025, you are not eligible for this promotion. You are also excluded if you have previously received a switching bonus from Barclays. The offer is for sole accounts, not joint accounts.
To get the bonus, you’ll need to initiate the switch through the Barclays app and complete it within 30 days. The cash bonus will be paid into your new account within 28 days of the switch completion.