Best bank account switching deals June 2025: get rewards worth £310

Nationwide and Santander have launched switching incentives, meaning there are currently five deals to choose from. 

Before moving your account, it’s important to see how your new bank measures up for customer service, and this is where Which? can help. 

Read on for a breakdown of the latest switching offers (ordered by newest first), how they compare and their key eligibility rules. 

If you're thinking of switching to any of the accounts mentioned in this article, make sure you refer to the particular terms and conditions of the deal to make sure it's right for you.

Latest bank account switching incentives

• Santander – £180
• Nationwide member exclusive – £200
• TSB – £310 including cashback and rewards
• The Co-operative Bank – £175
• First Direct – £175

Santander: £180

Santander is offering a £180 switching bonus to new and existing customers who move to one of its eligible current accounts. 

The deal is available on the fee-free Everyday Current Account, as well as the Santander Edge and Edge Up accounts. 

The Santander Edge account costs £3 a month and currently offers up to £20 a month in cashback: 1% on selected household bills (capped at £10), and 1% on supermarket and travel spending using your debit card (also capped at £10). 

Edge Up costs £5 a month and pays the same cashback categories but with higher caps – up to £15 a month on bills and £15 on spending, totalling a potential £30 monthly cashback. 

However, from 9 September 2025, cashback on supermarket and travel spending will be scrapped from both accounts, leaving only the bills cashback in place.

Both Edge and Edge Up also offer fee-free spending abroad.

How to get £180: To claim the bonus, you’ll need to switch to an eligible Santander account using the Current Account Switching Service (CASS).

You’ll also need to pay in at least £1,500 (which can be done across multiple payments) and set up at least two active household direct debits within the same time frame. 

If you meet all the criteria, the £180 will be paid within 90 days of starting the switch.

Existing Santander customers can also qualify, provided they hold an Everyday, Edge, Edge Up account and complete a full CASS switch into it from a current account with another provider.

What's in the small print: You won’t qualify for the offer if you’ve previously received a Santander switch incentive. You’ll also be excluded if you held a Santander, Cahoot or Cater Allen current account at any time on or after 1 January 2025.

Is Santander a good provider?: In our latest survey, Santander scored 73%, placing it 10th out of 20 providers. It achieved four stars for its mobile banking app, and average scores for its service in branch, telephone, online banking service and customer service in general. 

When the deal ends: There's no end date, but the deal can be withdrawn at any point. 

• Find out more: best bank and bank accounts 2025

Make your money go further

Find the best deals, avoid scams, and grow your savings with our expert guidance. From only £4.99 a month.

Join Which? Money

Cancel anytime.

Nationwide member offer: £200

Nationwide is offering a £200 switching bonus exclusively for existing members who switch their main current account to one of its eligible accounts. 

The FlexAccount is a fee-free everyday option. The FlexDirect account also has no monthly fee and offers 5% AER on balances up to £1,500 for the first 12 months, along with 1% cashback on debit card purchases, capped at £5 a month, during the same period. 

The FlexPlus account costs £18 a month and includes extras such as worldwide family travel insurance, mobile phone insurance and UK and European breakdown cover.

How to get £200: To qualify, you must have been a Nationwide member on or before 31 March 2025 — meaning you held a current account, savings account or mortgage with the building society at that time. 

You’ll need to switch to a new or existing FlexAccount, FlexDirect or FlexPlus account using the Current Account Switch Service (CASS), which includes transferring at least two direct debits and closing your old account. 

You must also pay in at least £1,000 (this can be done in multiple payments) and make at least one debit card payment within 31 days of opening the account or requesting the switch. 

The £200 will be paid within 10 days of meeting these conditions.

What's in the small print?: You won’t be eligible for the bonus if you’ve already received a switch incentive from Nationwide since 2021. 

Joint accounts qualify, but the £200 will be paid once per account.

Is Nationwide a good provider?: Nationwide achieved a customer score of 81% coming fifth out of 20 providers in our annual survey of the best bank and bank accounts 2025.

It received five stars for its online banking service and four stars for its mobile banking app, contacting customer service and its customer service in general, as well as its branch service. It received three stars for its telephone service. 

Although it achieved excellent customer scores, its product scores were below average, preventing it from being made a Which? Recommended Provider. 

When the deal ends: Nationwide has said the offer is available for a limited time only, and it can be withdrawn at any point without notice.

• Find out more: Nationwide £100 bonus returns – here’s how to get it

 TSB: £310 including cashback and all rewards

TSB is offering new customers £100 to switch to one of its Spend and Save current accounts. It's also offering the chance to earn up to £90 cashback and up to £120 worth of rewards. 

The Spend and Save account is free. You can usually earn up to £5 cashback a month for the first six months when you make 20 debit card payments each month. But as part of the switching offer, you can earn triple the amount of cashback up to a maximum of £90.

The Spend and Save Plus current account has all the same perks as the basic version, but it has a £3 monthly fee, meaning you’d spend £36 a year. It allows you to earn £5 cashback every month without the six-month limit when you make 20 debit transactions each month. You'll also earn triple the rate of cashback for the first six months as part of the switch deal.

Customers who have switched and made 20 debit card payments in December 2025 can then choose between two rewards. 

The first option is a £120 voucher for a hotel of their choice, either abroad in the UK when booking through Travel Credits. The second treat is 12 months of free activity tickets for attractions around the UK including theme parks, museums, mini golf, kayaking and escape rooms. 

Whichever reward you pick, you'll have to wait until January 2026 to receive it.

How to get £100 plus £90 cashback: You'll need to switch to TSB using the Current Account Switch Service (CASS), and it will need to be completed before 14 March. You will also have to log in to the TSB mobile app and make at least five payments using your new debit card.

Once you've done this, you'll be paid the £100 bonus between 2 and 16 August.

To qualify for cashback you'll need to make 20 or more debit card payments each month for six months. The cashback will be paid in two payments (£5 and £10), which may appear on different dates. 

What’s in the small print?: You won't be eligible for the deal if you've received a switch incentive since 1 October 2022.

Is TSB a good provider?: TSB came joint 17th out of 20 providers in our annual survey of the best bank and bank accounts, with a customer score of 68%. 

It achieved average scores for its service in branch, telephone and online banking services. It received just two stars for its customer service in general, but four stars for its mobile banking app. 

When the deal ends: There’s no end date to this deal, but it can be withdrawn at any point.

 The Co-operative Bank: £175

The Co-operative Bank will pay an initial £100 for switching bank account and an additional £25 a month for three months if you hit certain criteria. 

New customers must apply for a Standard Current Account or Everyday Extra account. This packaged bank account includes worldwide travel insurance, UK and European breakdown cover and mobile phone insurance. It currently costs £15 a month, but this will increase to £18 a month from July. 

How to get £175: You'll be paid £100 within 30 days if you deposit a minimum of £1,000 (this can include funds moved over during the switch), have two active direct debits, make at least 10 debit card or digital wallet transactions (pending transactions don’t count) and register for online or mobile banking.

To get paid £25 for three months (£75 total), each month you must deposit at least £1,000, have two active direct debits and make at least 10 debit card or digital wallet transactions.

What’s in the small print? You can't have benefited from a switch incentive with the Co-operative Bank since 1 November 2022.

Existing customers of the Co-operative Bank can also qualify, as long as they hold a Standard Current Account, Everyday Extra, Current Account Plus, Privilege or Privilege Premier. They must request a full switch from a non-Co-operative Bank account into their existing account while the offer is live.

The switch must be completed within eight weeks of your request. 

Is the Co-operative Bank a good provider? In our latest survey, it got a satisfaction score of 73%, ranking joint 12th out of 20 providers. It scored three stars out of five in every category we rated it on. 

The Co-operative Bank is also one of only three Which? Eco Providers, meaning it has no exposure to fossil fuels in its banking activities.

In a recent review of online banking security, it ranked last out of 11 providers, scoring 61%.

When the deal ends: There’s no set end date, but it can be withdrawn at any time

• Find out more: how to switch your bank account

Make your money go further

Find the best deals, avoid scams, and grow your savings with our expert guidance. From only £4.99 a month.

Join Which? Money

Cancel anytime.

First Direct: £175

First Direct only offers one current account, but it packs a punch.

The 1st 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 only available to new customers who haven’t previously held a First Direct product. 

You also won’t be eligible for this deal if you held a HSBC current account on or after 1 January 2018.

Is First Direct a good provider?: First Direct consistently ranks among the top banks, achieving an impressive 83% customer satisfaction score in our latest survey, placing it 1st out of 20 providers. It’s also been named one of our Which? Recommended Providers. First Direct earned the full five stars for its online and mobile banking service andicustomer service. 

In our online banking security review, First Direct ranked joint fifth out of 11 providers, with a score of 74%.

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 £85,000 FSCS protection limit applies across both brands. If you have accounts with both First Direct and HSBC, ensure your total deposits across the two are below this threshold to stay fully protected.

When the deal ends: There’s no end date listed for this deal, but it can be withdrawn at any point.

• Find out more: best debit cards to use abroad