Best bank account switching deals July 2026

If you're thinking about switching banks, there are now nine cash incentives available. 

The Co-operative Bank has launched a market-leading offer worth up to £300 for eligible existing customers, while most other banks are paying between £175 and £220 to switch.

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

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 T&Cs of the deal to make sure it's right for you.

• Co-operative Bank: £300
• Santander: £180 + £150 travel voucher
  
• HSBC: £220
• Barclays: £200
• Nationwide: £175
• First Direct: £200
• Bank of Scotland: £175
• NatWest and RBS: £200

 The Co-operative Bank: £300

The Co-operative Bank is offering up to £300 when you switch your current account. Following its takeover by Coventry Building Society last year, eligible existing customers of both brands can receive the full £300, while new customers can earn up to £200. 

The deal is available on the standard current account and the Everyday Extra packaged account. The standard current account has no monthly fee and now offers fee-free debit card spending abroad. 

Everyday Extra now costs £12 a month, down from £18, and includes worldwide family travel insurance, mobile phone insurance, and UK and European breakdown cover.

How to get £300: You'll need to switch using the Current Account Switch Service (CASS). 

Within 30 days of your switch completing, you'll need to pay in at least £1,500, have at least two active direct debits, make five debit card transactions, and register for online or mobile banking.

Once you've met these requirements, you'll receive £125, followed by £25 a month for the next three months if you continue to meet the monthly pay-in, direct debit and debit card requirements.

If you were a Co-operative Bank or Coventry Building Society customer, you'll also receive an additional £100 loyalty payment in November 2026, taking your total reward to £300.

What's in the small print? You won't qualify if you've received a The Co-operative Bank switching incentive since 1 November 2022. 

The additional £100 payment is only available to customers who held a Co-operative Bank or Coventry Building Society account on 21 June 2026.

When the deal ends: There's no end date but the offer can be withdrawn at any time.

  Back to top

 Santander: £180

Santander is offering £180 to new and existing customers who switch their main bank account. 

Customers who choose the Edge Explorer account can also claim a £150 hotel voucher, taking the total value of the incentives up to £330.

The £180 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 £180: 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 £180 payment will be made within 90 days of meeting these conditions. 

How to get £150 voucher: If you switch to the Edge Explorer account, you can also get £150 credit towards hotel bookings made through Santander's rewards partner, TLC Marketing. The voucher can be used on hotels available through TLC's booking portal rather than booked directly with a hotel. Santander says it will email your redemption code within 90 days, provided you still hold the account.

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.

  Back to top

Make money make sense

Make every penny count. Get the best deals, avoid scams and grow your savings, with expert guidance for only £49 a year.

Join Which? Money

HSBC: £220

HSBC UK is offering £220 when you switch to an HSBC UK bank account using the CASS.

The account has no monthly fee and includes access to Global Money, HSBC's multi-currency account, which allows customers to hold, convert and spend money in multiple currencies. Customers can also access exclusive offers and discounts on shopping, dining and travel.

How to get £220: You'll need to open an HSBC UK Bank Account through the HSBC UK app and complete a full switch using CASS.

Within 60 days of opening the account, you'll need to transfer at least two direct debits, pay in a minimum of £2,000 and spend £500 using your debit card. HSBC says the £220 bonus will be paid within 60 days of meeting the requirements.

What's in the small print? The offer is only available to new customers opening an HSBC UK Bank Account through the HSBC UK app. 

When the deal ends: No closing date has been announced.

  Back to top

 Barclays: £200

Barclays is offering £200 when you switch to a Barclays Current Account using the CASS. 

The account has no monthly fee. Customers can also choose to join Blue Rewards for £5 a month, which includes cashback on selected spending, access to exclusive savings rates and perks such as Apple TV+.

How to get £200: You'll need to open a Barclays Current Account and complete a full switch from another bank using CASS.

Your switch must include at least two active direct debits, and you'll need to pay in £2,000 within 30 days of opening the account. Once you've met the conditions, Barclays will pay the £200 directly into your account.

What's in the small print? You won't qualify if you already held a Barclays Current Account or Premier Account when the offer launched on 9 June 2026, or if you've previously received a Barclays switching incentive. Joint accounts aren't eligible, and you'll need to apply through the Barclays app.

When the deal ends: 27 August 2026.

  Back to top

 Nationwide: £175

Nationwide is offering £175 when you switch to one of its eligible current accounts using the CASS. The deal was announced alongside details of this year’s £100 Fairer Share payment for eligible members.

The deal is available on the FlexDirect, FlexAccount and FlexPlus accounts.

• The FlexAccount is Nationwide’s standard everyday current account with no monthly fee.
• The FlexDirect account has no monthly fee and offers 1% cashback on debit card spending for the first 12 months, plus interest on balances up to £1,500.
• The FlexPlus packaged account costs £18 a month and includes worldwide family travel insurance, mobile phone insurance, UK and European breakdown cover, and fee-free card spending abroad.

How to get £175: You’ll need to switch from a non-Nationwide or non-Virgin Money current account using CASS. Your old account must have at least two active direct debits to transfer across.

You’ll also need to pay in £1,000 and make one debit card payment within 31 days of opening your new account or applying to switch into an existing one. Your switch must complete within 28 days.

Nationwide will pay the £175 within 10 days of you meeting all the conditions. 

What’s in the small print? Existing customers can qualify by switching into an eligible Nationwide account they already hold. You can receive Nationwide’s switching incentive a maximum of twice — once on a sole account and once on a joint account. Joint accounts only receive one payment. You won’t qualify if you switch from another Nationwide or Virgin Money account. 

When the deal ends: Nationwide says the offer is available for a limited time, but no closing date has been confirmed.

  Back to top

  First Direct: £200

First Direct is offering £200 to switch to its 1st Account, an extra £25 more than its usual £175 offer. 

The account has 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 £200: 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: To be eligible for £200, you'll need to open the account before 15 July.

Back to top

 Bank of Scotland: £175

Bank of Scotland is offering £175 when you switch to a new current account using the CASS.

The deal is available on the Classic, Silver and Platinum accounts:

• The Classic account has no monthly fee and offers everyday banking features through the Bank of Scotland app, including subscription management and credit score checking.
• The Silver account costs £11.50 a month and includes European travel insurance, preferential travel money rates and no Bank of Scotland debit card fees for spending abroad.
• The Platinum account costs £22.50 a month and includes all the Silver account benefits, plus AA breakdown cover and worldwide travel insurance.

How to get £175: You’ll need to complete a full switch from another bank using CASS and move at least three active direct debits to your new account.

The £175 reward will be paid within 14 working days of the switch being completed.

What’s in the small print? You won’t qualify if you switch from a Lloyds or Halifax current account, change an existing Bank of Scotland account to another Bank of Scotland account, or if you’ve received a switching incentive from Lloyds Banking Group since 1 January 2023.

When the deal ends: The deal ends 4 August. 

 Back to top

Search for deals to cut your bills

Use our advice, ratings and customer scores to help you choose with confidence

Compare and choose

NatWest and RBS: £200

NatWest and Royal Bank of Scotland (RBS) are both offering £200 when you switch to a Select or Reward current account using the CASS. 

The Select account has no monthly fee and offers standard everyday banking features.

The Reward account costs £2 a month and pays £4 a month in cashback when you have at least two direct debits of £2 or more, plus an extra £1 a month for logging into the mobile app.

How to get £200: You’ll need to open a Select or Reward account and complete a full switch from another bank using CASS.

Within 60 days of the switch completing, you must pay in at least £1,250 and log into the mobile banking app. This can be done during multiple payments, but must be held in the account for at least 24 hours. The £200 will then be paid within 30 days.

What’s in the small print?  You won’t qualify if you previously received a switching incentive from NatWest Group, including NatWest, RBS or Ulster Bank. You also can’t switch from another NatWest Group bank. 

Existing customers can still qualify, provided they didn’t hold the relevant current account as of 6 May 2026. Joint accounts aren’t eligible.

When the deal ends: No end date has been confirmed, but the offer can be withdrawn at any time. 

Back to top