As we reach the midway point of 2025, the landscape of bank accounts continues to be competitive with enticing switching offers. If you're considering making the leap to a new bank, now is the perfect time. Read on to discover the top bank switching deals currently available and how you can maximize your rewards!
Nationwide's Generous £200 Switch Bonus
Nationwide is offering an impressive £200 for those who switch to one of their selected accounts.
Requirements:
- Open or hold a FlexPlus, FlexDirect, or FlexAccount.
- Switch using the Current Account Switch Service and close your old account within 28 days.
- Transfer two direct debits from your old account.
- Deposit £1,000 and make one debit card transaction within 31 days.
- Your old account must be from a different bank.
Exclusions:
- Limited to once per person per account type, but applicable to both personal and joint accounts.
- Prior bonus recipients since August 2021 are not eligible.
Bonus Paid:
- Within 10 days of the switch completing.
Visit Nationwide's Switching Offer Page
Lloyds' Attractive £185 Switch Offer
Lloyds is attracting new customers with a compelling £185 offer when you switch your account.
Requirements:
- Switch to a new Club Lloyds, Club Lloyds Silver, Club Lloyds Platinum, or Lloyds Premier account.
- Use the Current Account Switch Service and close your old account.
- Transfer three active direct debits.
Exclusions:
- Offer valid only once per person.
- Not applicable if you received a switching bonus from Lloyds, Halifax, or Bank of Scotland since April 2020.
Bonus Paid:
- Within 3 working days of completing the switch.
Visit Lloyds' Switching Offer Page
First Direct’s Competitive £175 Switch Offer
First Direct offers a solid £175 in addition to potential extra cashback through certain channels.
Requirements:
- Move two direct debits or standing orders.
- Deposit £1,000 within 30 days of opening the account and keep the balance for 24 hours.
- Use your debit card five times within 45 days and log into mobile banking.
Exclusions:
- Never held a First Direct account.
- Cannot have an HSBC account opened since 2018.
Bonus Paid:
- By the 20th of the month following qualification.
Visit First Direct's Switching Offer Page
HSBC's Exclusive £500 Selfridges Voucher
HSBC's offer stands out by pampering its new customers with a £500 Selfridges voucher.
Requirements:
- Open a new Premier Banking account.
- Annual earnings of £100,000 or hold £100,000 with HSBC.
- Switch your salary and two direct debits.
Exclusions:
- Limited to one voucher per person.
Bonus Paid:
- Voucher available post 9 November 2025.
Visit HSBC's Switching Offer Page
Barclays Avios Rewards at £119
Barclays appeals to high-income earners with Avios rewards as part of a £119 offer.
Requirements:
- Open a Premier Banking account and earn at least £75,000 annually or hold £100,000 with Barclays.
- Join the Barclays Avios Rewards scheme.
Exclusions:
- Once per person.
Bonus Paid:
- After four months in the Avios Rewards program.
Visit Barclays' Switching Offer Page
NatWest's Versatile £175 Offer
NatWest’s offer allows you to earn up to £175 with added options to grow savings.
Requirements:
- Pay £1,250 into your account within 60 days.
- Open a Digital Regular Saver.
Exclusions:
- Cannot have previously received a switching bonus from their group.
Bonus Paid:
- Within 30 days of meeting the requirements.
Visit NatWest's Switching Offer Page
Santander's £180 Incentive with Extra Flexibility
Santander provides an attractive £180 for those switching under certain conditions.
Requirements:
- Open or maintain an Everyday Edge account.
- Set up two direct debits from a specified list.
- Ensure a £1,500 deposit.
Exclusions:
- Not available if you had a Santander account as of 1 January 2025.
Bonus Paid:
- Approximately 90 days post-switch.
Visit Santander's Switching Offer Page
Switching your bank account can not only improve your financial habits but also reward you with cash bonuses or vouchers. Consider these offers and ensure you meet the necessary requirements and exclusions.
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