Best UK Bank Switch Offers: August 2026 Roundup

Barclays Current Account — £200

Offer open until 27 August 2026. Terms may change at the provider's discretion.

Barclays is offering £200 to new switchers, paid within 28 working days of meeting the requirements. Switchers must complete a full CASS transfer with 2 or more Direct Debits and pay in at least £2,000 within 30 days of opening. The current account itself has no monthly fee. Applications are app-only - there is no online or branch route - and joint accounts aren't eligible. Anyone who already holds an open Barclays current account of any type (Bank Account, Premier, student or graduate) as of 9 June 2026, or who has previously received a Barclays switch bonus, is excluded.

Separately, Blue Rewards is an optional £5/month add-on (not required for the £200 switch bonus) that includes Apple TV+ and MLS Pass subscriptions worth roughly £25/month combined, plus a 4.36% saver on balances up to £5,000 (dropping to 4.13% from 30 October). Blue Rewards itself requires at least £800 paid into the account each month - falling below that ends the perks.

The £200 is competitive without being market-leading, but the optional Blue Rewards add-on with free Apple TV+ tips the overall value above banks that just offer cash rewards.

Requirements

1. Open a Barclays Bank Account via the app (sole account only)
2. Switch via CASS including 2+ Direct Debits, initiated by 27 August 2026
3. Pay in £2,000 within 30 days of opening (lump sum or instalments)
4. Must not already hold an open Barclays current account of any type as of 9 June 2026
5. Must not have previously received a Barclays switch incentive

Things to watch for

• Trying to apply via web/branch (app only — works during regular banking hours)
• Missing the 30-day £2,000 deposit deadline
• Forgetting to set up 2+ Direct Debits as part of the CASS transfer
• Applying for a joint account (sole accounts only)
• Assuming Blue Rewards is required — it's optional and only needed for the Apple TV+ / MLS Pass perks

Editorial notes

• Blue Rewards is NOT required for the £200 — it's a separate £5/month add-on that gets you Apple TV+ and MLS Pass (worth roughly £25/month combined) plus a 4.36% saver on up to £5,000
• Blue Rewards needs £800/month paid in to stay active; you can cancel it after claiming the £200 if it stops being worthwhile
• Apply via the Barclays app only — no web or branch route
• The £2,000 deposit can be a single payment or spread across the 30 days
• The £200 lands within 28 working days of meeting the criteria and shows on your statement as 'Switch Reward'

Full terms and application on Barclays Current Account's website. Scrimpr isn't affiliated with Barclays Current Account and earns no commission from this link.

Co-op Bank — £200–£300

Get £125 within 7 days of meeting the criteria, then £25 a month for 3 months (£75) for staying active, so £200 for a switcher. If you were a Co-op group customer (Co-op Bank, smile, Coventry Building Society, Godiva or ITL Mortgages) on 21 June 2026, you can also get a £100 loyalty bonus in November, taking it to £300, though Co-op can pull that £100 at any time.

You can switch a current account from another bank into a new Co-op account or an existing one. Choose the free Standard Current Account or Everyday Extra (monthly fee, adds insurance). No end date is announced, so it can be withdrawn without notice.

Requirements

1. Switch a current account from another bank into an eligible Co-op account (new or existing) using the Current Account Switch Service
2. Complete the full switch within 8 weeks of requesting it
3. Within 30 days of the switch completing: deposit at least £1,500, make 5+ debit card payments, have 2+ active Direct Debits, and register for online or mobile banking
4. That earns the £125 set-up payment, credited within 7 days
5. For each of the next 3 months, repeat the £1,500 deposit, 5 card payments and 2 Direct Debits to earn £25 a month (up to £75)
6. Must not have had a Co-op Bank switch offer since 1 November 2022

Things to watch for

• Treating the criteria as month 1 only, the £1,500 deposit, 5 card payments and 2 DDs are needed every month
• Depositing the £1,500 before the switch completes (must be within 30 days after)
• Missing the 5 debit card payments in any qualifying month
• Having had a Co-op switch bonus since November 2022 (not eligible)
• Expecting the £100 loyalty bonus as a brand-new customer, it needs a Co-op group account held on 21 June 2026

Editorial notes

• You need the £1,500 deposit, 5 card payments and 2 Direct Debits every month, not just the first.
• Balances transferred as part of the switch count toward the £1,500 in the first month only.
• Existing Co-op group customers (as at 21 June 2026) get an extra £100 in November for £300 total, but Co-op can withdraw that £100 at any time.
• You can switch a provider into a new or existing Co-op account, but you cannot close a Co-op current account and reopen one just to qualify.
• The 7% regular saver pays on up to £250 a month.

Full terms and application on Co-op Bank's website. Scrimpr isn't affiliated with Co-op Bank and earns no commission from this link.

HSBC Bank Account — £220

Switch to an HSBC Bank Account and get £220 cashback. You have to open the account in the HSBC mobile banking app - applications online, in branch or by phone don't qualify. Then within 60 days, complete a full switch via CASS including at least two Direct Debits, pay in £2,000, and spend £500 on your debit card. The account has no monthly fee, and comes with access to HSBC savings accounts (Regular Saver and Online Bonus Saver), the home&Away discounts programme and the Global Money multi-currency account. The £220 is paid within 60 days of meeting all the criteria.

Requirements

1. Open a sole Bank Account in the HSBC mobile banking app
2. Complete a full CASS switch including at least 2 Direct Debits, within 60 days
3. Pay in £2,000
4. Spend £500 on your debit card

Things to watch for

• Applying online, in branch or by phone - only app applications qualify
• Forgetting the £500 debit card spend (it's on top of the £2,000 pay-in)
• Not realising a current account held since 1 January 2023 makes you ineligible

Editorial notes

• Apply in the HSBC app - applications online, in branch or by phone don't qualify for the £220.
• You need both a £2,000 pay-in and £500 of debit card spend, not just one.
• You're excluded if you've held an HSBC UK or first direct current account at any time since 1 January 2023.
• No monthly fee, and you get access to HSBC's Regular Saver and Online Bonus Saver.

Full terms and application on HSBC Bank Account's website. Scrimpr isn't affiliated with HSBC Bank Account and earns no commission from this link.

Nationwide — £175

Get £175 switching to any Nationwide current account. FlexDirect (no monthly fee) includes 5% interest, 1% cashback, and access to a 6.5% regular saver - worth over £390 in year one.

Requirements

1. Switch from a non-Nationwide and non-Virgin Money account using CASS (must have at least 2 Direct Debits)
2. Complete the full switch within 28 days
3. Pay in at least £1,000 within 31 days of account opening
4. Make 1 debit card payment within 31 days
5. First time you've had this offer on an eligible sole or joint account (you can claim £175 once on a sole switch and again on a joint switch)

Things to watch for

• Don't transfer the £1,000 from another Nationwide account - it won't count
• Gambling, crypto transactions, and cash withdrawals don't count as debit card payments
• Don't forget to update recurring card payments like subscriptions with your new card details
• Make sure your old account has at least 2 Direct Debits before starting the switch
• Starting the switch doesn't count - it must complete within 28 days

Editorial notes

• Couples can earn £525 total: £175 each on individual sole switches plus £175 on a joint switch (as long as each account hasn't had the offer before)
• The £1,000 can be paid in instalments or as a lump sum - your salary, funds from the switch, or transfers all count
• Recurring card payments like Netflix or Spotify count towards the debit card requirement
• You can use Apple Pay, Samsung Pay or Google Pay for the required card payment
• The bonus payment will show as 'Switching Offer' on your statement
• Joint accounts only receive one £175 payment, not one per person

Full terms and application on Nationwide's website. Scrimpr isn't affiliated with Nationwide and earns no commission from this link.

NatWest — £200

Get £200 switching to Select (no fee) or Reward (£2/mo, earns £5/mo cashback). Both include 5.5% Digital Regular Saver.

Requirements

1. Open NatWest Select or Reward account online or via app
2. Must not have held NatWest current account as of 06 May 2026
3. Complete full switch using CASS from non-NatWest Group bank
4. Deposit £1,250 within 60 days (can be multiple payments, each must stay 24 hours)
5. Log into NatWest mobile banking app within 60 days
6. Cannot have ever received switch bonus from NatWest/RBS/Ulster Bank

Things to watch for

• Applying in branch or by phone (must be online/app only)
• Not logging into mobile app within 60 days
• Not keeping each individual deposit in for 24 hours
• Previously had switch bonus from RBS or Ulster Bank (excludes you)
• For Reward: Forgetting to withdraw cashback from Reward Wallet monthly

Editorial notes

• Choose Reward if you can maintain £1,250/month - earns £36/year net profit
• Choose Select for no fees and no ongoing requirements
• Digital Regular Saver maxed out earns £153/year interest
• Each £1,250 deposit only needs to stay 24 hours - can withdraw and re-deposit
• Reward cashback paid to separate wallet - remember to withdraw monthly
• Can downgrade from Reward to Select after getting bonus if preferred

Full terms and application on NatWest's website. Scrimpr isn't affiliated with NatWest and earns no commission from this link.

RBS — £200

Get £200 switching to Select (no fee) or Reward (£2/mo, earns £5/mo cashback). Both include 5.5% Digital Regular Saver. Part of NatWest Group.

Requirements

1. Open RBS Select or Reward account online or via app
2. Must not have held RBS current account as of 06 May 2026
3. Complete full switch using CASS from non-NatWest Group bank
4. Deposit £1,250 within 60 days (can be multiple payments, each must stay 24 hours)
5. Log into RBS mobile banking app within 60 days
6. Cannot have ever received switch bonus from NatWest/RBS/Ulster Bank

Things to watch for

• Applying in branch or by phone (must be online/app only)
• Not logging into mobile app within 60 days
• Not keeping each individual deposit in for 24 hours
• Previously had switch bonus from NatWest or Ulster Bank (excludes you)
• For Reward: Forgetting to withdraw cashback from Reward Wallet monthly
• Switching directly from NatWest to RBS (not eligible)

Editorial notes

• Choose Reward if you can maintain £1,250/month - earns £36/year net profit
• Choose Select for no fees and no ongoing requirements
• Digital Regular Saver maxed out earns £153/year interest
• Each £1,250 deposit only needs to stay 24 hours - can withdraw and re-deposit
• Reward cashback paid to separate wallet - remember to withdraw monthly
• Can claim both NatWest and RBS bonuses if switching from different banks

Full terms and application on RBS's website. Scrimpr isn't affiliated with RBS and earns no commission from this link.

Ulster Bank — £200

Get £200 switching to Ulster Bank's Select account. Complete a full switch via CASS within 60 days, pay in £1,250 (multiple payments fine, each must remain for 24 hours), and log in to the mobile app within 60 days. £200 is paid into your account within 30 days of meeting the criteria.

Requirements

1. Open an Ulster Bank Select account
2. Must not have held an Ulster Bank current account on 26 May 2026
3. Complete full switch using CASS from a non-NatWest Group bank within 60 days
4. Deposit £1,250 within 60 days (can be multiple payments, each must stay 24 hours)
5. Log into the Ulster Bank mobile banking app within 60 days
6. Cannot have ever received a switch bonus from NatWest, RBS or Ulster Bank

Things to watch for

• Switching from NatWest or Royal Bank (NatWest Group banks are excluded)
• Previously received a NatWest Group cash switch incentive (lifetime exclusion)
• Applying in branch or by phone (must be online or via the app)
• Not logging into the mobile app within 60 days
• Not keeping each individual £1,250 deposit in for 24 hours

Editorial notes

• Each £1,250 deposit only needs to stay for 24 hours - can withdraw and re-deposit
• Full switch must come from a non-NatWest Group bank (NatWest, Royal Bank or Ulster don't count)
• Lifetime exclusion: if you've ever had a switch bonus from NatWest, RBS or Ulster Bank, you're not eligible
• Apply online or via the app - branch / phone applications aren't eligible
• £1,250 deposited also counts towards Reward account requirements if you choose that variant later

Full terms and application on Ulster Bank's website. Scrimpr isn't affiliated with Ulster Bank and earns no commission from this link.

Barclays Premier Account — £600

Offer open until 27 August 2026. Terms may change at the provider's discretion.

Switch to a Barclays Premier Current Account by 27 August 2026 and you get a signature experience worth up to £600 - your pick of dining, hotels, live events or family days out, redeemed through Barclays' partner MLP. It isn't cash. To qualify for Premier you need a £75,000+ salary paid into the account, or £100,000 in savings or eligible investments with Barclays. The switch needs a full CASS switch with at least two Direct Debits, plus a £4,000 deposit within 30 days of opening. Premier also comes with Apple TV+, cashback at some retailers, a Premier Financial Guide and 24/7 UK support, with no monthly fee.

Requirements

1. Open a sole Premier Current Account in the Barclays app (eligibility applies)
2. Complete a full CASS switch including at least 2 active Direct Debits
3. Pay in at least £4,000 within 30 days of opening
4. Start your application by 27 August 2026 and complete it within 30 days
5. Qualify for Premier: £75,000+ salary paid in, or £100,000 in savings/eligible investments with Barclays

Things to watch for

• Expecting £600 in cash - it's an experience reward you redeem through MLP
• Missing the £4,000 deposit window (30 days from opening)
• Assuming you qualify - check the £75k salary or £100k savings bar first
• Letting the unique code lapse - it expires 90 days after it's emailed

Editorial notes

• The reward is an experience worth up to £600, not cash - you choose one category (dining, hotels, live events or family days out) and redeem it through MLP.
• The unique code expires 90 days after MLP emails it, so claim it promptly.
• You can qualify for Premier on savings, not just salary - £100,000 in savings or eligible investments with Barclays counts.
• Apple TV+ and the Premier perks are included with no monthly fee.

Full terms and application on Barclays Premier Account's website. Scrimpr isn't affiliated with Barclays Premier Account and earns no commission from this link.

HSBC Premier — £500

HSBC Premier pays £500 to new switchers who complete a full current account switch through CASS. On top of the cash, Premier comes with travel and health benefits HSBC values at up to £1,500 a year, including worldwide family travel insurance, digital GP appointments and a multi-currency account at preferential rates.

The catch is the eligibility. You need either a £100,000+ annual income paid into the account, or £100,000+ in savings and investments held with HSBC UK. The current account itself has no monthly fee.

Existing HSBC UK or first direct current account customers don't qualify for the welcome bonus, and anyone who has had an HSBC switching incentive since January 2025 is excluded.

Requirements

1. Open a new HSBC Premier account
2. Qualify for Premier eligibility: £100,000+ annual salary paid into the account OR £100,000+ savings and investments held with HSBC UK
3. Complete a full CASS switch from another bank
4. Maintain 2+ Direct Debits (transferred via the switch)
5. Cannot be an existing HSBC UK or first direct current account customer
6. Cannot have received an HSBC UK joining incentive since 1 January 2025
7. UK residents only, 18+

Things to watch for

• Thinking you qualify without £100k income OR £100k in savings/investments with HSBC
• Not realising travel insurance requires a separate application after opening
• Being over 70 (excludes you from travel insurance benefit)
• Already being an HSBC/first direct customer or having received a bonus since Jan 2025
• Not maintaining the £100k threshold (account may be downgraded)
• Expecting instant payment - takes up to 70 days after meeting criteria

Editorial notes

• The £500 is the cash, but the real pull for the right person is the Premier benefits HSBC values at up to £1,500 a year (worldwide family travel insurance alone is worth a few hundred)
• No monthly fee as long as you keep Premier eligibility (£100k salary paid in or £100k savings and investments with HSBC)
• Travel insurance needs a separate application after opening and only covers under-70s
• Regular Saver at 5% earns around £81 a year (£250 a month max)
• Payment can take up to 70 days after you meet the criteria

Full terms and application on HSBC Premier's website. Scrimpr isn't affiliated with HSBC Premier and earns no commission from this link.