The Ultimate Guide to UK Bank Switch Offers (March 2025)
Get Up to £175 Cash + Credit Card Rewards
Looking to boost your finances this spring? Bank switching offers remain one of the easiest ways to earn quick cash and rewards in the UK.
Welcome to our latest roundup of UK bank switching offers! As we head into spring 2025, several major banks are competing for your business with attractive cash incentives and rewards. Whether you're looking for quick cash, travel rewards, or long-term banking benefits, there's something for everyone in the current market.
Let's dive into the best bank switching offers available right now in the UK.
First Direct - £175 Cash Switch Bonus
First Direct continues to lead the pack with their generous £175 switch bonus, making it one of the most straightforward ways to earn quick cash.
What you'll get:
- £175 cash directly into your new account
- Access to their 7% regular saver account (up to £300/month)
- 24/7 UK-based customer service
- Highly-rated mobile app
Requirements:
- Must use the Current Account Switch Service (CASS)
- Pay in at least £1,000 within 30 days of account opening
- Switch at least two direct debits or standing orders
- Be a new First Direct customer
First Direct consistently ranks highly for customer satisfaction, making this an excellent option for both the immediate cash bonus and long-term banking relationship.
Nationwide Building Society - £175 Cash Switch Bonus
Nationwide continues its competitive offer with a £175 switch bonus plus the benefits of building society membership.
What you'll get:
- £175 cash bonus
- Building society membership benefits
- Access to their 6.5% regular saver
- Fee-free international purchases with their debit card
Requirements:
- Complete full switch using CASS
- Transfer at least two direct debits
- Deposit £1,000+ within 31 days
- No previous switch bonus from Nationwide in the last 12 months
As a building society rather than a bank, Nationwide offers a different approach with member-focused benefits and competitive savings products.
Santander - £150 Cash + 1% Cashback on Bills
Santander offers a solid £150 switch bonus with additional ongoing benefits that could make it valuable long-term.
What you'll get:
- £150 cash bonus
- Up to 1% cashback on selected household bills
- Access to competitive savings products
- Well-rated banking app
Requirements:
- Use CASS to switch with two active direct debits
- Pay in £1,500+ and log in to online/mobile banking
- Pay out at least £500 per month in the first 60 days
- No previous Santander switch bonus in the past 18 months
The combination of upfront cash and ongoing cashback on essential bills could make this especially valuable for households with significant utility expenses.
Co-operative Bank - Up to £150 (Two-Part Bonus)
The Co-op Bank offers a unique two-part bonus structure with ethical banking credentials.
What you'll get:
- Initial £75 bonus for completing the switch
- Additional £75 after meeting ongoing requirements
- Ethical banking policies
- Mobile banking app
Requirements:
- Use CASS to switch with two active direct debits
- Deposit £1,000+ in first 31 days
- Use debit card at least 5 times in first 31 days
- Maintain requirements for 3 months for second payment
If ethical banking policies are important to you, Co-op Bank offers a competitive bonus while supporting their commitments to responsible banking practices.
Barclays Premier - 25,000 Avios Points (Worth ~£250)
For travel enthusiasts, Barclays Premier offers a compelling Avios points bonus that could be worth more than cash alternatives for frequent flyers.
What you'll get:
- 25,000 Avios points (worth approximately £250 for travel)
- Avios can be used with British Airways, Iberia, Aer Lingus, and more
- Premier banking benefits
- Optional Barclaycard Avios Plus for additional earning
Requirements:
- Meet Premier account eligibility (£75,000+ salary or £100,000+ investments with Barclays)
- Complete full switch using CASS
- Be a new Premier Banking customer
This offer is particularly valuable for frequent travellers or those looking to collect Avios points for premium cabin redemptions. You can check how many Avios points you'd need for specific flights using our Avios points calculator.
Monzo - £5 Referral Bonus
While not the highest value offer, Monzo's simplicity and excellent app make it worth considering.
What you'll get:
- £5 credited to your account after first purchase
- Award-winning banking app with budgeting tools
- Fee-free spending abroad
- Advanced features like salary sorter and virtual cards
Requirements:
- Use a referral link to open account
- Make at least one purchase with your Monzo card
- Be new to Monzo
Although the bonus is modest, many users find Monzo's app and features worth switching for regardless of the incentive.
Curve Card - The Ultimate Companion for Bank Switchers
If you're planning to switch banks or juggle multiple accounts, the Curve card is an invaluable tool to simplify the transition. Curve allows you to link all your debit and credit cards to a single physical card, meaning you don't need to update your payment details everywhere when you switch banks.
Key benefits for bank switchers:
- Link your old and new bank cards to one Curve card
- Seamless transition during the switching period
- Go Back in Time
feature lets you move transactions between cards up to 30 days after purchase
- 1% cashback at selected retailers
- Fee-free spending abroad with competitive exchange rates
- New 1% cashback on all international spending
I've found Curve particularly helpful during bank switches as it eliminates the stress of updating payment methods across different services. Plus, the added cashback options mean you can earn rewards on top of your new bank's incentives.
Revolut - Digital Banking with Global Features
For those looking beyond traditional banks, Revolut offers a comprehensive digital banking solution with features particularly valuable for travelers and international users.
What Revolut offers:
- Multi-currency accounts with excellent exchange rates
- Free ATM withdrawals up to £200/month (standard plan)
- Crypto and stock trading within the app
- Advanced budgeting tools and spending analytics
- Junior accounts for family banking
- 20% bonus when transferring RevPoints to Avios (limited-time offer)
Revolut works particularly well alongside traditional bank accounts, giving you additional functionality for travel and international spending. Their subscription tiers (Standard, Plus, Premium, and Metal) offer progressively more features for those who need them.
While Revolut doesn't currently offer substantial switching incentives compared to traditional banks, its feature set makes it a worthy addition to your financial toolkit.
Stack Multiple Credit Card Offers for Maximum Value
To maximize your banking rewards, consider pairing your bank switch with a complementary credit card offer. Here are some of the best current options:
American Express Platinum Card - 70,000 Membership Rewards Points
The American Express Platinum Card currently offers a welcome bonus of 70,000 Membership Rewards points (worth approximately £700 MINIMUM in travel) when you spend £6,000 in the first 3 months.
Capital On Tap Business Card - No Annual Fee + Avios Earning
Business owners can now earn Avios without an annual fee with the Capital On Tap Business Card, making it an excellent companion to personal banking switches.
American Express Gold Business - 65,000 Membership Rewards Points
Business customers can earn 65,000 Membership Rewards points with the American Express Gold Business Card after meeting spending requirements.
American Express Platinum Business - 100,000 Membership Rewards Points
Business customers can earn 100,000 Membership Rewards points with the American Express Platinum Business Card after meeting spending requirements.
Barclaycard Avios Plus - 50,000 Avios
For an excellent complement to the Barclays Premier bank switch, consider the Barclaycard Avios Plus which is currently offering 50,000 Avios when you spend £3,000 in the first three months.
Key Considerations Before Switching
Before jumping into any switch offer, consider these important factors:
- Check your eligibility - Most banks have specific criteria regarding previous accounts or switch bonuses
- Understand the requirements - Note minimum deposit amounts, direct debit requirements, and timeframes
- Consider your banking needs - Look beyond the bonus to features like overdrafts, interest rates, and app functionality
- Plan your switches strategically - Some offers can be stacked, while others have exclusion periods
- Protect your credit score - Too many applications in a short period can impact your credit rating
- Verify CASS participation - Ensure both your current and new bank support the Current Account Switch Service
- Check the end dates - These offers frequently change, so move quickly on limited-time promotions
Using Our Tools to Maximize Banking + Travel Benefits
If you're switching banks to accumulate travel rewards (like with the Barclays Premier Avios offer), our suite of tools can help you maximize the value:
- How Many Avios Points for a Flight Calculator - Plan your redemptions
- BA Tier Point Calculator - Track your progress toward elite status
- Avios Balance Booster Calculator - Find the best ways to top up your balance
This article was last updated on March 9, 2025. All offers are subject to change and availability.