Bank switching offers can be a lucrative way to make some extra cash simply by changing who handles your money. This March, there's no shortage of deals from some of the UK’s biggest banks. Let’s dive into the latest offers and how you can benefit.
Nationwide Building Society
Offer: £175 switch bonus
- Requirements:
- Open or already have a FlexPlus, FlexDirect, or FlexAccount
- Switch your old account using the Current Account Switch Service and close it within 28 days
- Transfer two direct debits
- Deposit £1,000 within 31 days
- Make a debit card transaction within 31 days
- Exclusions: Offer is limited to once per person and you must not have received any switching bonus since 18 August 2021
- Bonus Payment: Within 10 days of completing the switch
Switch to Nationwide Building Society
NatWest
Offer: £150 switch bonus
- Requirements:
- Pay in at least £1,250 within 60 days of switching
- Log onto online or mobile banking within 60 days
- Make sure to start your switch from NatWest’s official website or app
- Use the Current Account Switch Service and close your old account
- Exclusions: You cannot have ever received a switching bonus from NatWest, RBS, or Ulster Bank
- Bonus Payment: Within 30 days of meeting the criteria
Lloyds Bank
Offer: £175 switch bonus
- Requirements:
- Open a new Club Lloyds, Club Lloyds Silver, or Club Lloyds Platinum account
- Switch using the Current Account Switch Service and close your old account
- Transfer three active direct debits
- The old account must be from a different bank
- Exclusions: Limited to once per person; you must not have received a switching bonus from Lloyds, Halifax, or Bank of Scotland since April 2020
- Bonus Payment: Within 3 working days of completing the switch
Barclays
Offer: Premier Avios £119 switch offer
- Requirements:
- Open a new Premier Banking account
- Earn at least £75,000 annually or have £100,000 saved with Barclays
- Add Barclays Avios Rewards to your account (£12 per month)
- Perform the switch using the Current Account Switch Service and close your old account
- Exclusions: Offer is limited to once per person
- Bonus Payment: Four months after joining Avios Rewards
First Direct
Offer: £175 switch bonus
- Requirements:
- Move two direct debits or standing orders from your old bank
- Switch using the Current Account Switch Service and close old account
- Deposit £1,000 within 30 days of opening
- Use your debit card five times and log into mobile banking within 45 days
- Exclusions: You cannot currently or have ever held a First Direct account; you must not have opened an HSBC account since 1 January 2018
- Bonus Payment: By the 20th of the month after meeting criteria
Conclusion
With bank switching offers like these, now's the perfect time to consider a change. Whether it's Nationwide's generous timeline for completing criteria or First Direct's straightforward approach, there's something for everyone. Ensure you meet the requirements and exclusions to fully benefit from these bonuses.
Happy switching!
Shoutout: Don’t forget, we offer £1 direct debits that set up in under 3 working days - perfect for your account switching process! As of today, 31st March 2025, get started with our service to complement your switch.