Erin Yurday
Author
More banks add switching bonus - what are some current deals?
23 February 2026
3 min read
The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement.
ClearScore is a credit broker, not a lender.
Bank operators often try to attract customers with current account switching bonuses if they bring a number of direct debits or other payments with them. The market has seen a resurgence in 2026, with several major providers offering cash bonuses to new customers.
Switching offers change frequently and can be withdrawn at short notice. All figures below were correct as of 2 July 2026; always verify current terms directly with each provider before applying.
The following table* is not a ranking; it is for informational purposes only.
Bank | Bonus Amount | Key Requirements | Extra Perk |
HSBC | £220 | Full switch via HSBC app + 2 direct debits + £2,000 pay-in + £500 card spend within 60 days | Access to 5% fixed regular saver (£250/month cap) |
NatWest | £200 | Full switch + £1,250 pay-in + app login within 60 days | Access to 6.17% regular saver |
Barclays | £200 | Full switch via app + 2 direct debits + £2,000 pay-in within 30 days. Offer ends 27 August 2026 | Blue Rewards membership (£5/month) unlocks cashback and Apple TV+ |
First Direct | £175 | Full switch + £1,000 pay-in + 5 card payments + digital banking login within 45 days | £250 interest-free overdraft buffer; access to 7% regular saver |
Santander | £180 | Full switch + 2 household direct debits + hold account for 60 days | Edge account (£3/month fee) includes 1% bills cashback and 6% linked saver |
Nationwide | £175 | Full switch + 2 direct debits + £1,000 pay-in | FlexDirect includes 5% AER on balances up to £1,500 for 12 months |
Note: Some providers also offer premium-tier switching bonuses (e.g. HSBC Premier at £500) requiring significantly higher income or savings thresholds. These are not included above as they are not available to most applicants.
Eligibility conditions vary; most offers are limited to new customers who have not previously held an account with that provider. Always check the full terms on each provider's website before applying.
Banks with current account perks
Chase offers 2% cashback on eligible spending in selected categories (groceries, everyday transport and fuel) up to £20 per month, subject to eligibility conditions including a minimum number of monthly transactions. A linked easy-access saver is available, with a boosted rate of 4.5% AER for new customers in their first year (inclusive of a 12-month bonus rate). Standard rate applies thereafter. See current terms at chase.co.uk.
Nationwide FlexPlus includes family worldwide travel insurance, mobile phone insurance and European breakdown cover for £18 per month.
Current accounts with savings interest
Barclays' Rainy Day Saver pays 4.21% AER on balances up to £5,000, with a lower rate above that threshold. This account requires Barclays Blue Rewards membership (£5 per month) or Premier Banking status.
Current accounts with overdraft features
First Direct offers a £250 interest-free overdraft buffer on an ongoing basis. Interest of 39.9% EAR applies on any borrowing above that amount.
Always make sure you can afford repayments before using an overdraft facility.
For the full list of our best bank accounts, their perks and conditions, check our our bank accounts guide.
Read more:
ClearScore is a credit broker, not a lender
*Switching offer amounts, account features and interest rates are correct as of 2 July 2026, sourced from Moneyfactscompare.co.uk and individual provider websites. Terms, amounts and availability are subject to change; always check directly with each provider before applying. This article is for general information only and does not constitute financial advice. ClearScore is a credit broker, not a lender.
Erin Yurday
Author
23 February 2026
3 min read
The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement.
More banks add switching bonus - what are some current deals?
Erin Yurday
Author
23 February 2026
3 min read
The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement.
ClearScore is a credit broker, not a lender.
Bank operators often try to attract customers with current account switching bonuses if they bring a number of direct debits or other payments with them. The market has seen a resurgence in 2026, with several major providers offering cash bonuses to new customers.
Switching offers change frequently and can be withdrawn at short notice. All figures below were correct as of 2 July 2026; always verify current terms directly with each provider before applying.
The following table* is not a ranking; it is for informational purposes only.
Bank | Bonus Amount | Key Requirements | Extra Perk |
HSBC | £220 | Full switch via HSBC app + 2 direct debits + £2,000 pay-in + £500 card spend within 60 days | Access to 5% fixed regular saver (£250/month cap) |
NatWest | £200 | Full switch + £1,250 pay-in + app login within 60 days | Access to 6.17% regular saver |
Barclays | £200 | Full switch via app + 2 direct debits + £2,000 pay-in within 30 days. Offer ends 27 August 2026 | Blue Rewards membership (£5/month) unlocks cashback and Apple TV+ |
First Direct | £175 | Full switch + £1,000 pay-in + 5 card payments + digital banking login within 45 days | £250 interest-free overdraft buffer; access to 7% regular saver |
Santander | £180 | Full switch + 2 household direct debits + hold account for 60 days | Edge account (£3/month fee) includes 1% bills cashback and 6% linked saver |
Nationwide | £175 | Full switch + 2 direct debits + £1,000 pay-in | FlexDirect includes 5% AER on balances up to £1,500 for 12 months |
Note: Some providers also offer premium-tier switching bonuses (e.g. HSBC Premier at £500) requiring significantly higher income or savings thresholds. These are not included above as they are not available to most applicants.
Eligibility conditions vary; most offers are limited to new customers who have not previously held an account with that provider. Always check the full terms on each provider's website before applying.
Banks with current account perks
Chase offers 2% cashback on eligible spending in selected categories (groceries, everyday transport and fuel) up to £20 per month, subject to eligibility conditions including a minimum number of monthly transactions. A linked easy-access saver is available, with a boosted rate of 4.5% AER for new customers in their first year (inclusive of a 12-month bonus rate). Standard rate applies thereafter. See current terms at chase.co.uk.
Nationwide FlexPlus includes family worldwide travel insurance, mobile phone insurance and European breakdown cover for £18 per month.
Current accounts with savings interest
Barclays' Rainy Day Saver pays 4.21% AER on balances up to £5,000, with a lower rate above that threshold. This account requires Barclays Blue Rewards membership (£5 per month) or Premier Banking status.
Current accounts with overdraft features
First Direct offers a £250 interest-free overdraft buffer on an ongoing basis. Interest of 39.9% EAR applies on any borrowing above that amount.
Always make sure you can afford repayments before using an overdraft facility.
For the full list of our best bank accounts, their perks and conditions, check our our bank accounts guide.
Read more:
ClearScore is a credit broker, not a lender
*Switching offer amounts, account features and interest rates are correct as of 2 July 2026, sourced from Moneyfactscompare.co.uk and individual provider websites. Terms, amounts and availability are subject to change; always check directly with each provider before applying. This article is for general information only and does not constitute financial advice. ClearScore is a credit broker, not a lender.
Erin Yurday
Author
23 February 2026
3 min read
The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement.