Current UK Bank Switch Offers - December 2024
Update - TSB are now offering a £100 switch offer for opening a bank account. Check it out here: https://switchdirectdebits.co.uk/blog/the-best-bank-switching-offers
There are currently no major UK banks offering £100 specifically for opening a bank account. However, some banks do provide incentives or cashback offers that could be valuable when opening a new account:
Bank Account Switch Offers
Monzo Bank - £5 Referral Offer
Get £5 when you open a new Monzo account and make your first purchase with your Monzo card.
What you'll get
- £5 credited to your account after your first purchase
- Access to Monzo's award-winning app and features
- Full UK bank account with instant notifications
- Easy money management tools
How to claim
- Use our referral link to open your account
- Complete the sign-up process
- Make your first purchase with your Monzo card
- Receive your £5 bonus
Requirements
- Be new to Monzo
- Be 16 or over
- Live in the UK
- Have a smartphone that can run the Monzo app
- Make at least one purchase with your card
First Direct - £175
- Switch bonus: £175
- Requirements: Must use CASS
- Account features: Access to regular saver account
- End date: Unknown
Nationwide Building Society - £175
- Switch bonus: £175
- Requirements: Must use CASS
- Account type: Building society membership
- End date: Unknown
Santander - £150
- Switch bonus: £150
- Requirements: Must use CASS
- Additional benefits: Potential cashback on bills
- End date: Unknown
Co-operative Bank - Up to £150
- Initial switch bonus: £75
- Additional bonus: Up to £75
- Special feature: Christmas hospice celebration funding (Nov 11-24, 2024)
- End date: Unknown
Barclays Bank Premier
- Switch bonus: 25,000 Avios points
- Approximate value: £119 in travel rewards
- Requirements: Premier account eligibility
- End date: Unknown
Key Switching Considerations
Before You Switch:
- Check eligibility criteria
- Review minimum monthly deposit requirements
- Understand account fees
- Confirm if existing account closure is needed
- Note 7-day standard switch timeframe
- Verify CASS requirement
Important Notes:
- All offers subject to change
- Terms and conditions apply
- Check individual bank websites for full details
- Choose account based on long-term banking needs
- Switch completion times may vary
- Most offers require full switch using CASS