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Best bank account switching deals July 2025

We round up the best deals for a 2025 bonus 

Barclays has launched a switching incentive worth £175 - the fifth current deal for moving accounts.

Before switching accounts, it’s important to see how your new bank measures up for customer service, and this is where Which? can help. 

Read on for a breakdown of the latest switching offers (ordered by newest first), how they compare and their key eligibility rules. 

If you're thinking of switching to any of the accounts mentioned in this article, make sure you refer to the terms and conditions of the deal to make sure it's right for you.

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Latest bank account switching incentives

Barclays: £175

Barclays is offering £175 to new customers who switch to a Barclays Bank Account or Premier Current Account.

The Barclays Bank Account is a standard everyday account with no monthly fee. The Premier Current Account has no monthly fee and includes additional benefits, but is only available to those who meet higher-income or savings requirements.

How to get £175: Open a new account through the Barclays app and complete a full switch using the Current Account Switch Service (CASS), including at least two active direct debits. You’ll also need to pay in at least £1,500 within 30 days of opening the account.

To qualify with the Barclays Bank Account, you must also join Blue Rewards, which costs £5 a month.

Blue Rewards offers monthly cashback, including up to 15% at selected retailers and Barclays’ highest easy-access savings rate through the Rainy Day Saver. Customers also get extras such as an Apple TV+ subscription and other seasonal offers. 

The bonus will be paid within 28 working days of meeting these conditions.

What’s in the small print?: You won’t qualify if you already have a Barclays current account, have previously received a Barclays switch bonus, are switching to a joint account or don’t meet the eligibility criteria for Blue Rewards or Premier. 

You must apply and switch through the Barclays app.

Is Barclays a good provider?: Barclays achieved a satisfaction score of 72% in our most recent survey of the best banks, leaving it joint 12th out of 20 providers. It scored four stars for both its mobile and online banking services, and three stars for its customer service in-branch, contacting customer services and its telephone banking service. 

In our recent online banking security analysis,  Barclays ranked 4th out of 11 providers, achieving 78%. 

When the deal ends: The offer runs until 28 August 2025 but can be withdrawn at any time.

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Lloyds Bank: £185

Lloyds is offering £185 to new and existing customers who switch to a Club Lloyds account.

The deal is available on the Club Lloyds account and its packaged versions, Club Lloyds Silver and Club Lloyds Platinum. 

Club Lloyds costs £5 a month (waived if you pay in £2,000) and comes with benefits such as cinema tickets, Disney+ or a magazine subscription. You can also open a Club Lloyds Monthly Saver paying 6.25% AER on savings of £25 to £400 a month.

Club Lloyds Silver (£11.50 monthly fee plus £5 Club Lloyds fee) includes European travel insurance and breakdown cover, while Club Lloyds Platinum (£22.50 a month plus £5 Club Lloyds fee) offers worldwide travel insurance, breakdown cover and mobile phone insurance.

How to get £185: You'll need to use the CASS to switch from another bank to a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum account, including at least three active direct debits. 

The £185 will be paid within 10 working days of your switch being completed.

What's in the small print? You won’t qualify if you’ve received a switching bonus from Bank of Scotland, Halifax or Lloyds since April 2020.

Existing Lloyds customers can get the £185 bonus as long as they open a new eligible Club Lloyds account and switch in from an external bank.

Is Lloyds a good provider? Lloyds achieved a satisfaction score of 75% in our most recent survey of the best banks, leaving it joint 7th out of 20 providers. It scored well for its online banking service, with five stars. It got four stars for its mobile app, customer service in-branch, contacting customer services and its application process. 

However, it only achieved a middling rating of three stars for its customer service in general and for its telephone banking service. 

In our recent online banking security analysis, Lloyds ranked 7th out of 11 providers, achieving 69%. 

When the deal ends: The deal runs from 1 July to 28 July. 


NatWest: £125 + £50 savings bonus

NatWest is offering a £125 switching incentive to new customers, with the chance to earn an additional £50 by opening a linked savings account.

The offer is available on a range of current accounts, including the fee-free Select account and the Reward account. 

The Reward account has a £2 monthly fee, but allows account holders to earn up to £5 a month back in rewards. This means you'd have a net gain of £36 per year. Rewards consist of a payment of £1 for logging in to the mobile app, and £2 for each of the first two direct debits.

How to get £125: To qualify, you must switch your main current account to NatWest using the CASS. 

You’ll need to pay in at least £1,250 and log in to the mobile app within 60 days. The £125 will be paid within seven days of meeting these conditions.

If you meet the criteria for the £125 bonus, you can also earn £50 by opening a Digital Regular Saver account within the same 60-day window. This savings account pays 5.5% AER interest on balances up to £5,000, and you can save up to £150 a month, earning up to £53.53 in interest in the first year.

What's in the small print?: You won’t be eligible if you already have a NatWest current account, if you're switching from another NatWest Group brand (such as Royal Bank of Scotland or Ulster Bank NI), or if you’ve previously received a switch incentive from NatWest Group.

Is NatWest a good provider?: NatWest achieved a satisfaction score of 75% in our most recent survey of the best banks, leaving it joint 7th out of 20 providers. It scored well for its online banking service and its mobile app, receiving four stars for each. 

However, it only achieved a middling rating of three stars for telephone service, branch service, contacting customer services, and its customer service in general.

In our recent online banking security analysis, NatWest ranked 1st of 11 providers, achieving 87%.

When the deal ends: There's no set end date, but it can be withdrawn at any point. 


Santander: £180

Santander is offering a £180 switching bonus to new and existing customers who move to one of its eligible current accounts. 

The deal is available on the fee-free Everyday Current Account, as well as the Santander Edge and Edge Up accounts. 

The Santander Edge account costs £3 a month and currently offers up to £20 a month in cashback: 1% on selected household bills (capped at £10), and 1% on supermarket and travel spending using your debit card (also capped at £10). 

Edge Up costs £5 a month and pays the same cashback categories but with higher caps – up to £15 a month on bills and £15 on spending, totalling a potential £30 monthly cashback. 

However, from 9 September 2025, cashback on supermarket and travel spending will be scrapped from both accounts, leaving only the bills cashback in place.

Both Edge and Edge Up also offer fee-free spending abroad.

How to get £180: To claim the bonus, you’ll need to switch to an eligible Santander account using the CASS.

You’ll also need to pay in at least £1,500 (which can be done across multiple payments) and set up at least two active household direct debits within the same timeframe. 

If you meet all the criteria, the £180 will be paid within 90 days of starting the switch.

Existing Santander customers can also qualify, provided they hold an Everyday, Edge, Edge Up account and complete a full CASS switch into it from a current account with another provider.

What's in the small print: You won’t qualify for the offer if you’ve previously received a Santander switch incentive. You’ll also be excluded if you held a Santander, Cahoot or Cater Allen current account at any time on or after 1 January 2025.

Is Santander a good provider?: In our latest survey, Santander scored 73%, placing it 10th out of 20 providers. It achieved four stars for its mobile banking app, and average scores for its service in branch, telephone, online banking service and customer service in general. 

When the deal ends: There's no end date, but the deal can be withdrawn at any point. 


First Direct: £175

First Direct only offers one current account, but it packs a punch.

The 1st Account comes with no monthly fee and offers a £250 interest-free overdraft buffer. However, if you borrow more than £250, you'll pay 39.9% EAR.

It also offers fee-free spending abroad. Before the bank scrapped its fees in 2023, customers used to pay 2.75% to withdraw cash or spend money abroad.

How to get £175: You’ll need to use the CASS to be eligible for the offer, and switch at least two direct debits or standing orders.

Other requirements include depositing a minimum of £1,000 into the account within 30 days of opening, and registering and logging in to digital banking. 

What’s in the small print: This deal is only available to new customers who haven’t previously held a First Direct product. 

You also won’t be eligible for this deal if you held an HSBC current account on or after 1 January 2018.

Is First Direct a good provider?: First Direct consistently ranks among the top banks, achieving an impressive 83% customer satisfaction score in our latest survey, placing it 1st out of 20 providers. It’s also been named one of our Which? Recommended Providers. First Direct earned the full five stars for its online and mobile banking service and customer service. 

In our online banking security review, First Direct ranked joint fifth out of 11 providers, with a score of 74%.

As a division of HSBC, First Direct is covered by the Financial Services Compensation Scheme (FSCS), but it’s important to keep in mind that the £85,000 FSCS protection limit applies across both brands. If you have accounts with both First Direct and HSBC, ensure your total deposits across the two are below this threshold to stay fully protected.

When the deal ends: There’s no end date listed for this deal, but it can be withdrawn at any point.