Compare all bank switching offers
Chase Offer Summary
This offer expired on 30 November 2025.
Is Chase Right for You?
Key Features
- No monthly fee - completely free account
- 1% cashback for 12 months on groceries, petrol, and transport (max £15/month)
- No fees for spending abroad or ATM withdrawals (merchant fees may apply)
- Chase Saver: 2.5% AER variable (tracks base rate minus 1.5%)
- New customers: 4.5% AER boosted saver for 12 months (2.5% + 2% bonus)
- Round-up savings feature: 5% AER on rounded-up amounts for 12 months
- Up to 20 linked accounts/pots - separate account numbers, same card
- Numberless debit card for enhanced security
- Fee-free replacement cards
- 24/7 UK-based customer support
- Apple Pay and Google Pay compatible
Things to Consider
- NOT a traditional switch offer - must redirect £1,500/month income twice
- Reward is £100 Amazon Gift Card, not cash (10-year expiry)
- No overdraft facility available
- Cannot deposit cash or cheques (no branch access)
- Cannot send or receive international payments (UK only, GBP only)
- No CHAPS or SWIFT payments available
- Digital-only bank - app-based only, no branches
- Must use same income source for both months (e.g., same employer)
- Switch must complete in 14 days if using CASS, or may not qualify
- 1% cashback limited to specific categories only (groceries, petrol, transport)
- Cashback capped at £15 per month maximum
- Cashback benefits reduced significantly since launch (used to be all spending)
- Interest on current account balance removed in 2024
Eligibility Requirements
- Receive income payments of £1,500+ per month for two consecutive months
- First income payment must arrive by 30 November 2025
- Second income payment must arrive by 31 December 2025
- Income must be from the same party via BACS (e.g., salary or pension)
- Can use CASS to switch your salary/pension, or manually redirect income
- Account must remain open until reward is received
- Switch must complete within 14 days if using CASS
- Cannot switch joint or business accounts to Chase
Always verify the current requirements on Chase's website before applying, as terms may change.
How the Switch Works
Chase uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 30 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- You don't need to use CASS - just redirect your salary/pension manually
- Income can be weekly, fortnightly, or monthly as long as it totals £1,500+ per month
- If switching via CASS, start early - must complete within 14 days to qualify
- Open the boosted saver account in first 31 days for 4.5% for 12 months
- Use round-up feature to earn 5% on spare change for first year
- 1% cashback works abroad too - great for holidays (no foreign transaction fees)
- Set up multiple pots (up to 20) for budgeting different expenses
- Cashback appears in separate pot - remember to transfer to main account
- Works well as a secondary account rather than main bank
- Existing Chase customers may be invited to this offer - check your app
Common Issues
- Thinking this is a standard switch offer - it's an income redirection offer
- Not receiving the income payments by the deadlines (30 Nov & 31 Dec 2025)
- Income not totalling £1,500 in the calendar month
- Using different income sources for the two months (must be same party)
- Closing account before reward is received (up to 30 days after 31 Dec)
- Thinking cashback applies to all spending (only groceries, petrol, transport)
- Not opening boosted saver in first 31 days and missing 4.5% rate
- Trying to switch a joint or business account (not eligible)
- Expecting branch services or cash deposits (digital only)
- Needing international payments (not supported)
Need Direct Debits? If you don't have 2 active Direct Debits for the switch, you can support Scrimpr via Direct Debit (50p or £1/month) — it counts towards the requirement and helps keep this site free.
Offer History
How Chase's switch offer has changed over time.
| Offer | Period |
|---|---|
| £50 refer a friend | December 2025 - Present |
| £100 Amazon gift card | Sep 2025 - December 2025 |
| £50 Amazon voucher | Jul 2025 - Aug 2025 |
| £20 refer a friend | 2022 |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and Chase reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on Chase's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with Chase.