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Best bank account switching deals March 2026
We round up the best deals for getting a cash bonus or other perks, with up to £200 available for some customers
Grace is Money editor at Which?, on the hunt for ways to help people save with smart tips, deals and hacks. She was named Personal Finance Journalist of the Year 2025.
If February has left your bank balance looking a little stretched, there are now six bank switching deals available.
Lloyds and Santander are paying £200 to eligible switchers, while First Direct, Nationwide and The Co-operative Bank are offering £175. NatWest is also running a £150 switching deal.
Read on for a breakdown of the latest current account offers (ordered by newest first), how they compare and their key eligibility rules.
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Latest bank account switching incentives
You can use the links to jump to the offer you are interested in.
Please note that if you're thinking of switching to any of the accounts mentioned in this article, ensure you refer to the terms and conditions of the deal to make sure it's right for you.
Lloyds Bank is offering £200 when you switch to a new Club Lloyds current account using the Current Account Switch Service (CASS).
Club Lloyds is a fee-paying current account that comes with a choice of annual Lifestyle Benefit, such as 12 months of Disney+, cinema tickets, a magazine subscription or a digital Coffee Club and Gourmet Society membership. The account has a £5 monthly fee, which is waived if you pay in at least £2,000 each month.
Club Lloyds Silver and Club Lloyds Platinum include additional insurance benefits and higher monthly fees. Silver has an £11.50 monthly fee, plus the £5 Club Lloyds fee, while Platinum has a £22.50 monthly fee, plus the £5 Club Lloyds fee.
How to get £200: You’ll need to open a new Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum account and request a full switch from a different bank using CASS.
As part of the switch, at least three active direct debits must be moved across and you must spend £100 on your debit card within 35 days of opening the account. The £200 will be paid into your account within 45 days, provided you meet the conditions.
What’s in the small print? You won’t qualify if you switch into an existing Lloyds account or if you’ve received a switching bonus from Lloyds, Halifax or Bank of Scotland since 1 January 2023. Joint accounts only receive one payment. Cash withdrawals, gambling transactions and certain other payments don’t count towards the £100 debit card spend.
When the deal ends: 30 April.
key information
Is Lloyds Bank a good provider? It came joint-13th out of 22 banks in our latest customer satisfaction survey, with a score of 75%. It earned five stars for its online banking service and four stars for its mobile banking service. It got three stars for its telephone and branch service, and its customer service in general and contacting customer services.
Find out more:best banks and bank accounts 2026, and see what our experts thought of Lloyd's range of accounts in their product analysis.
NatWest is offering £150 to customers who switch to a Select or Reward current account, plus access to a bonus rate on its Digital Regular Saver.
The offer is available to customers who didn't hold a NatWest current account or savings account as of 17 February 2026 and who haven’t previously received a NatWest switching incentive.
The Select account has no monthly fee and offers standard banking features.
The Reward account costs £2 a month. You can earn £4 a month in Rewards by setting up two direct debits of at least £2, plus £1 a month just for logging into the mobile app. You can also earn from 1% back in Rewards when spending with partner retailers.
Switchers can also open a Digital Regular Saver, which pays up to 7% AER on balances up to £5,000 for 12 months. You can save between £1 and £150 each month, and interest is paid monthly.
How to get £150: You’ll need to apply for a Select or Reward account and request a full switch from another bank using the CASS.
Within 60 days of your switch completing, you must pay in at least £1,250 (this can be made up of multiple payments that remain in the account for 24 hours) and log into the NatWest mobile app.
Once you’ve met these steps, the £150 will be paid within 30 days.
To qualify for the 7% Digital Regular Saver rate, you must open the saver by 16 June 2026 and complete your switch.
What's in the small print?: You won’t qualify if you held a NatWest current or savings account as of 17 February 2026 or if you’ve previously received a NatWest switching incentive. Joint accounts aren’t eligible and you can’t switch from Royal Bank of Scotland or Ulster Bank.
When the deal ends: You must apply and request your switch by 28 May 2026. The switch must be completed by 16 June 2026.
key information
Is NatWest a good provider? It came joint-15th out of 22 banks in our latest customer satisfaction survey, with a score of 74%. It earned four out of five stars for its online banking service and its banking app. It got three stars for its service in branch and customer service in general. It got two stars for its telephone banking service and contacting customer service.
Find out more:best banks and bank accounts 2026, and see what our experts thought of NatWest's range of accounts in their product analysis.
The Co-operative Bank has relaunched its £175 switching offer, giving new and existing customers cash for switching their current account, plus access to a market-leading regular saver.
The offer pays £100 upfront, followed by £25 a month for three months, provided you continue to meet the eligibility criteria.
Switchers also get exclusive access to the Co-operative Bank’s Regular Saver, which pays 7% AER on savings of up to £250 a month.
The deal is available on the Standard Current Account and the Everyday Extra packaged accounts:
The Standard Current Account has no monthly fee and offers everyday banking features, such as making payments and setting up direct debits.
The Everyday Extra account normally costs £18 a month and includes benefits such as travel insurance, mobile phone insurance, and UK and European breakdown cover.
How to get £175: You’ll need to complete a full switch using the CASS to an eligible The Co-operative Bank account.
Within 30 days of your switch completing, you must pay in at least £1,000, have two active direct debits, make 10 debit card or digital wallet payments and register for online or mobile banking. Once you’ve met these steps, you’ll receive the £100 payment within seven days.
To receive the remaining £75, you’ll need to continue meeting the same requirements each month. The money is paid as £25 a month for three months.
Existing The Co-operative Bank customers can also qualify, as long as they switch from another bank to an eligible account while the offer is live.
What’s in the small print? You won’t qualify if you’ve received The Co-operative Bank switching bonus since 1 November 2022, and Smile, Student and Cashminder accounts aren’t eligible.
When the deal ends: No closing date has been confirmed, but the offer can be withdrawn at any time.
key information
Is The Co-operative Bank a good provider? It came joint 12th out of 22 banks in our latest customer satisfaction survey, with a score of 75%. It earned four out of five stars for its online banking service and customer service in general, and three stars for its mobile and branch service, telephone services and contacting customer services.
The Co-operative Bank is also one of only two banks to get a Which? Eco Provider recommendation.
Find out more:best banks and bank accounts 2026, and see what our experts thought of The Co-operative's range of accounts in their product analysis.
Santander is offering £200 to new and existing customers who switch their main bank account.
The £200 bonus is available when you switch to one of Santander’s eligible accounts – Everyday, Edge, Edge Up, Edge Explorer or Private – using the CASS.
The Everyday account has no monthly fee and offers standard banking features.
The Edge account costs £3 a month and pays 1% cashback (up to £10 a month) on selected household bills.
The Edge Up account costs £5 a month, offering up to £15 a month cashback on bills, plus 2.5% AER (variable) on balances up to £25,000.
The Edge Explorer account costs £10 a month, and includes travel and mobile phone insurance, 24/7 GP access and fee-free debit card spending abroad.
How to get £200: You’ll need to submit a full switch request through the CASS and complete the switch within 90 days.
To qualify, you must pay in at least £1,500 and set up two active direct debits, such as for bills or council tax. The £200 payment will be made within 90 days of meeting these conditions.
What's in the small print? The offer is open to both new customers and people who already hold another Santander product, such as a savings account, mortgage or credit card. However, you must be switching from a current account held with another bank into a new Santander current account.
You won’t qualify if you already hold a Santander, Cahoot or Cater Allen current account, or if you’ve previously received a Santander switch incentive.
When the deal ends: No closing date has been confirmed, but the offer can be withdrawn at any time.
key information
Is Santander a good provider? Santander ranked 19th out of 22 banks in our latest customer satisfaction survey, with a score of 71%. It earned four stars out of five for its mobile app and online banking, and three stars for customer service overall. It scored two stars for its in-branch service, its telephone banking service and contacting customer service.
Find out more:best banks and bank accounts 2026, and see what our experts thought of the Everyday, Edge and Edge Up accounts in their product analysis
Nationwide is giving new and existing customers £175 when they switch their main bank account using CASS. The switching incentive will be paid to those who move to one of Nationwide’s three main accounts:
FlexAccount is Nationwide’s everyday bank account offering standard banking features, including making and receiving payments, withdrawing cash with a debit card and setting up Direct Debits for bills.
FlexDirect is an online-only current account offering standard banking features, as well as 5% AER credit interest on up to £1,500 and 1% cashback (capped at £5 a month) on debit card spending for the first 12 months. If you combine the cashback and the switching offer, the total is £235 over 12 months.
FlexPlus is a packaged account offering benefits, including worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover and commission-free usage abroad. This costs £18 a month.
How to get £175: To qualify, you'll need to complete a full switch from your current bank using the CASS to one of the listed Nationwide accounts. The switch must have been started on or after 18 September and must be completed within 28 days.
After this, the money will be sent directly to your account within 10 days. Your old account must have at least two direct debits to move over and you'll need to pay at least £1,000 into the account within 31 days. You must also make one debit card payment within this timeframe.
Existing Nationwide customers can also qualify for the offer by requesting a full switch from another bank into an eligible account they already hold while the offer is active.
What's in the small print? You won’t qualify for the money if you've received a switching incentive for a sole or joint account since 2021.
However, you can still get the money if you previously took up the offer on a sole current account and are now switching to a joint current account that hasn’t had the offer before – and vice versa. If you're switching into a joint account, you'll only receive one payment of £175.
When the deal ends: Nationwide has confirmed the deal will end on 4 March.
key information
Is Nationwide a good provider? In our latest survey of banking customers, Nationwide ranked joint-4th out of 22 banks with a customer satisfaction score of 84% and was the only Which? Recommended Provider (WRP) with physical branches across the UK.
The building society earned the full five stars for its online banking and four stars for its mobile banking, branch services, application process, contacting customer service and overall customer service. It scored three stars for its telephone banking service.
First Direct is offering £175 to switch to its 1st Account.
The account comes with no monthly fee and offers a £250 interest-free overdraft buffer. However, if you borrow more than £250, you'll pay 39.9% EAR.
It also offers fee-free spending abroad. Before the bank scrapped its fees in 2023, customers used to pay 2.75% to withdraw cash or spend money abroad.
How to get £175: You’ll need to use the CASS to be eligible for the offer and switch at least two direct debits or standing orders.
Other requirements include depositing a minimum of £1,000 into the account within 30 days of opening, and registering and logging in to digital banking.
What’s in the small print? This deal is available only to new customers who haven’t previously held a First Direct product.
You also won’t be eligible for this deal if you held an HSBC current account on or after 1 January 2018.
When the deal ends: There’s no end date listed for this deal, but it can be withdrawn at any point.
key information
Is First Direct a good provider? First Direct consistently ranks among the top banks. It got an impressive 84% in our latest customer satisfaction survey, placing it joint-4th out of 22 providers. It’s also been named one of our Which? Recommended Providers (WRPs).
First Direct earned the full five stars for its online, telephone and mobile banking services, and for customer service in general, and four stars for contacting customer service.
As a division of HSBC, First Direct is covered by the Financial Services Compensation Scheme (FSCS), but it’s important to keep in mind that the £120,000 FSCS protection limit applies across both brands. If you have accounts with both First Direct and HSBC, ensure that your total deposits across the two accounts are below this threshold to remain fully protected.
