Best bank account switching deals October 2025

If you're looking to boost your balance this autumn, there are now seven bank switching offers available – with most paying between £150 and £200 – from Lloyds, Nationwide, NatWest, First Direct, TSB and the Co-operative Bank.

Barclays currently leads the pack, offering £200 to new current account switchers or £400 for those opening a Premier account. It’s also running a separate savings deal worth up to £500 for customers who transfer their Isa savings to Barclays, meaning some could earn as much as £900 in total rewards.

Read on for a breakdown of the latest current account 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, ensure you refer to the terms and conditions of the deal to make sure it's right for you.

Latest bank account switching incentives

• Barclays: £200 (£400 for Premier customers)
• TSB: £150 + £30 cashback
• NatWest: £175
• Nationwide: £175
• Lloyds: £200
• The Co-operative Bank: £175 plus three months of extra insurance perks
• First Direct: £175

 Barclays: £200, or £400 for Premier customers

Barclays is offering £200 to new customers who open a Barclays Bank Account with Blue Rewards and switch their main account to it. Those who open a Premier Current Account instead can earn £400 – the highest switching reward currently available.

Blue Rewards costs £5 a month and gives access to benefits. These include the Rainy Day Saver, which pays a competitive rate on balances up to £5,000, cashback on spending through Barclays Cashback Rewards, and entertainment perks such as Apple TV+ and MLS Season Pass.

How to get £200:  You’ll need to open a new Barclays Bank Account or Premier Current Account through the Barclays app and complete a full switch using the  Current Account Switch Service (CASS)  with at least two active direct debits. 

You’ll then need to pay in at least £2,000 (or £4,000 for Premier) within 30 days. 

The cash bonus – £200 or £400, depending on the account – will be paid within 28 days of meeting the eligibility criteria.

What's in the small print? You won’t qualify if you already hold a Barclays current account, have previously received a Barclays switch incentive, are under 18, live outside the UK, or open a joint account. 

To be eligible for Premier Banking, you’ll need an annual income of at least £75,000, or £100,000 in savings or investments with Barclays.

Is Barclays a good provider? Barclays scored 72% in our most recent customer satisfaction survey, placing joint 12th out of 20 providers. It earned three stars for online, mobile and branch services and for customer service overall. It scored four stars for its online banking service and mobile app. 

In our online banking security analysis, Barclays ranked fourth out of 11 providers, with a score of 78%. 

When the deal ends:  The switching offer runs until 27 November 2025, but could close sooner. 

• Find out more: how to switch your bank account

Barclays Isa transfer offer

On top of the current account offer, customers who make the switch may qualify for additional cash bonuses by transferring their Isa savings to Barclays.

The Isa cash reward is worth up to £500 per customer, meaning that someone taking full advantage of the Barclays offers could receive up to £900 in total rewards.

To qualify, you’ll need to hold or open a Barclays current account and use its Isa transfer-in service to move at least £25,000 from another provider into one of Barclays’ eligible cash Isa products. These include the Instant Cash Isa, Reward Isa and the Fixed-term, Flexible Cash Isa, although transfers into the fixed-term version must be made within 30 days of opening.

The reward depends on how much is transferred:

• £25,000–£49,999.99: £100
• £50,000–£99,999.99: £200
• £100,000 or more: £500

The steps must be completed by 28 November 2025 to qualify for the Isa reward. The payment will be made to your Barclays current account within 60 business days after your final eligible transfer, or within 60 business days after 28 November, whichever is sooner.

• Find out more: best cash Isas 2025

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TSB: £150 + £30 cashback

TSB is offering up to £180 when you switch your main bank account to one of its Spend & Save or Spend & Save Plus accounts.

The deal has two parts: a £150 switching bonus for completing a full switch, and £10 a month for three months (total £30) when you continue to meet spending requirements.

The Spend & Save account has no monthly fee and offers up to £5 cashback each month for the first six months when you make 20 debit card payments. It also includes savings tools such as Savings Pots and Save the Pennies, which rounds up card purchases to the nearest pound.

The Spend & Save Plus account costs £3 a month and offers fee-free spending abroad, an interest-free overdraft buffer of up to £100, and ongoing £5 monthly cashback when you make 20 debit card transactions — with no time limit.

How to get up to £180: You’ll need to open or already hold a TSB current account and complete a full switch using the CASS.

You must log into the TSB mobile app, pay in at least £1,000 from another bank, and make five debit card payments. 

Once you’ve done this, the £150 bonus will be paid into your account within 28 days.

To qualify for the extra £30 cashback, you must make 20 debit card payments in each of the three calendar months after receiving your £150. Payments can be made using your debit card, Apple Pay, Samsung Pay or Google Pay.

What’s in the small print: You won’t be eligible if you’ve received a TSB switching bonus since 1 October 2022. The account you switch from must be held with another bank, and your TSB account must remain open until all payments have been made. 

Is TSB a good provider? TSB came joint 17th out of 20 providers in our most recent customer satisfaction survey, with a score of 68%. It earned middling ratings for its in-branch and online banking services, two stars for customer service overall, and four stars for its mobile app.

In our online banking security analysis, TSB ranked 10th out of 11 providers, scoring 67%.

When the deal ends: The offer runs until 9 December 2025 but can be withdrawn at any time.

• Find out more: best bank accounts 2025

NatWest: £175

NatWest is offering £175 to new customers who switch their main current account using the CASS. The offer is available on the Select and Reward accounts.

The Select account has no monthly fee and offers standard banking features. 

The Reward account costs £2 a month but pays £5 a month in Rewards when you set up two direct debits of at least £2 each and pay in £1,250 a month – meaning you can make up to £36 a year once the fee is deducted.

How to get £175: You’ll need to apply online or through the NatWest mobile app to open a Select or Reward account and complete a full switch from another bank using CASS. 

Within 60 days, you must pay in at least £1,250 (this can be made up of multiple payments that remain in the account for 24 hours) and log in to the NatWest mobile banking app.

Once you’ve met these conditions, the £175 will be paid into your account within 30 days.

What’s in the small print: You won’t qualify if you already have a NatWest current account, are switching from Royal Bank of Scotland or Ulster Bank NI, or have previously received a switching incentive from NatWest Group. Joint accounts aren’t eligible, and the offer may be withdrawn at any time.

Is NatWest a good provider? In our latest customer satisfaction survey, NatWest achieved a score of 75%, placing it joint 8th out of 20 providers. 

It received four stars for its mobile app and online banking, and three stars for customer service,  service in a branch and telephone banking service. 

In our online banking security review, NatWest ranked 1st out of 11 providers, with a score of 87%. 

When the deal ends: No closing date has been confirmed, but the offer can be withdrawn at any time. 

• Find out more: best cashback current accounts 2025

Nationwide: £175

Nationwide is giving new and existing customers £175 when they switch their main bank account to it. The switching incentive will be paid to those who move to one of Nationwide’s three main accounts. These are: 

• FlexAccount: This is Nationwide’s everyday bank account offering standard banking features, including making and receiving payments, withdrawing cash with a debit card, and setting up Direct Debits for bills.
• FlexDirect: This online-only current account offers standard banking features as well as 5% AER credit interest on up to £1,500, and 1% cashback (capped at £5 a month) on debit card spending for the first 12 months. If you combine the cashback and the switching offer, it totals £235 over 12 months. 
• FlexPlus: This is a packaged account offering benefits including worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover and commission-free usage abroad. This costs £18 per month.  

How to get £175: To qualify, you will need to complete a full switch from your current bank using the CASS to one of the listed Nationwide accounts. The switch must have been started on or after 18 September, and needs to be completed within 28 days. 

After this, the money will be sent directly into your account within 10 days. Your old account must have at least two Direct Debits to move over, and within 31 days, you'll need to pay at least £1,000 into the account. You must also make one debit card payment within this timeframe. 

Existing Nationwide customers can also qualify for the offer by requesting a full switch from another bank into an eligible account they already hold while the offer is active.

What's in the small print? You won’t qualify for the money if you've received a switching incentive for a sole or joint account since 2021. 

However, you can still get the money if you previously took up the offer on a sole current account, and you’re now switching into a joint current account that hasn’t had the offer before – and vice versa. If you're switching into a joint account, you'll only receive one payment of £175.

Is Nationwide a good provider? In our latest survey of banking customers, Nationwide ranked fifth with a customer satisfaction score of 81% and was the only top-five provider with physical branches in the UK. 

The building society earned a five-star rating for its online banking and a four-star rating for its mobile banking, branch services, and overall customer service.

Nationwide narrowly missed being named a Which? Recommended Provider (WRP) due to a below-average score for its accounts and placed sixth out of 11 providers in a recent online banking security analysis with a score of 67%.

When the deal ends: No end date has been confirmed by Nationwide, but it can be withdrawn at any time.

• Find out more: The most popular bank to switch to in 2025 – and what to know before moving

 Lloyds Bank: £200

Lloyds is offering £200 to new and existing customers who switch to a Club Lloyds account or Lloyds Premier 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 includes 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.

Lloyds Premier is designed for people with higher incomes or assets. To qualify, you’ll need to pay in at least £5,000 a month, or hold £100,000 in savings or investments with Lloyds Banking Group.

How to get £200: You'll need to use the Current Account Switch Service (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 £200 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 £200 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 seventh 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 online banking security analysis, Lloyds ranked seventh out of 11 providers, achieving 69%. 

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

• Find out more: the best best packaged bank accounts 

 Co-operative Bank: £175

The Co-operative Bank is offering £175 when you switch to one of its eligible current accounts. You’ll get £100 once the switch completes, followed by £25 a month for the next three months. 

If you choose the Everyday Extra packaged account, you’ll also get three months of free worldwide family travel insurance, mobile phone insurance and UK & European breakdown cover. This account usually costs £18 a month, so the free trial is worth up to £54. Combined, the two offers are worth up to £229. 

How to get the £175: You’ll need to switch to a Standard Current Account, Current Account Plus, Privilege, Privilege Premier or Everyday Extra account using CASS. 

Within 30 days of the switch completing, you must pay in at least £1,000, set up two direct debits and make 10 debit card or digital wallet payments. You’ll also need to register for online or mobile banking.  

Existing Co-operative Bank customers can also qualify. If you already hold one of the eligible accounts, you can request a full switch from another bank into it while the offer is live.

What's in the small print: You won’t be eligible if you’ve received a Co-operative Bank switch incentive since 1 November 2022. 

To keep receiving the £25 monthly top-ups, you’ll need to continue paying in £1,000, maintaining two direct debits and making 10 debit card or wallet payments each month.

After the Everyday Extra free trial, the £18 monthly fee applies unless you cancel or downgrade. 

Is Co-operative Bank a good provider? The Co-operative Bank scored 72% in our latest customer satisfaction survey, ranking joint 12th out of 20 providers. It earned three stars across the board for its online banking, telephone banking, mobile app, branch service, customer service in general and contacting customer services. 

In our recent online banking security analysis, Co-operative Bank ranked 11th out of 11 providers, achieving a score of 61%. 

When the deal ends: There's no end date for the deal, but it 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 WRP. 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.

• Find out more: best debit cards to use abroad