Barclays Bank says certain customers could get up to £200 after making a 'simple' switch. Barclays is one of many banks and building societies offering incentives to encourage people to switch providers.
Often, this comes in the form of a switching bonus, where customers who transfer their accounts receive a reward - up to £200 in this case. Most high street names offer these bonuses, but they may require meeting certain criteria.
Switching to a Barclays Bank Account, customers could get their hands on £200 after completing just a few simple steps. On top of that, those who opt for the £5-per-month Barclays Blue Rewards programme can unlock a range of deals.
One of the top perks is access to Apple TV, a streaming service that usually costs Brits £9.99 a month. The perk calls the subscription free, but requires customers to be part of the £5-a-month rewards programme, which effectively makes the subscription half the usual price. For more information about Blue Rewards perks, click here.
Martin Lewis' MSE team has a full guide on how people can take advantage of different bank switching incentives.
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Most people will be able to sign up and take advantage of the switch offer, provided that they meet the usual qualifying factors. To open an account, people must be aged 18 or over and be UK residents.
People will not be able to get the £200 switch deal if they have had an open Barclays current account on or after March 10, or have ever received switch cash from Barclays.
People do not need to go to their nearest Barclays branch to open an account. Use the app to apply for a Barclays Bank Account. This must be a sole account, not a joint one.
Once you’ve opened your new current account, follow these steps by May 28, 2026, to complete the 'full switch' process:
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Customers need to pay at least £2,000 into their new Barclays Bank Account within 30 days of opening it. This can be done as a balance transfer when using the Current Account Switch Service, or in instalments.
New account holders must have at least two direct debits transferred to the account. If people had direct debits set up on their old accounts, these are transferred over automatically as part of the Current Account Switch Service (CASS).
Explaining the service, a Barclays spokesperson said: "When you’ve opened a new account with us, we’ll move all your incoming and outgoing payments across to your new Barclays account in just seven working days. That’s things like your salary, benefits, Direct Debits, standing orders and bills.
"We’ll also transfer any money on the day of the switch. Your old account will be closed, and any payments made to your old account will be redirected to your new one for at least three years."
Barclays will send customers a text when they have met the conditions. From then on, the switch reward will be credited to the new account within 45 working days. It will appear on your statement as ‘Switch Reward’.
