Overview
- Barclays is paying £200 to Blue Rewards current account switchers or £400 to new Premier customers, with a separate ISA reward of up to £500 lifting the total possible payout to £900.
- To qualify, applicants must subscribe to Blue Rewards where applicable, hold at least two active direct debits, and complete a full switch through the Current Account Switch Service in the Barclays app.
- New customers must deposit at least £2,000 into a standard current account or £4,000 into a Premier account within 30 days of opening to receive the switching payment.
- Barclays says the £200 or £400 payment will arrive within 28 days of meeting the conditions, which coverage notes could be in time for Christmas for recent switchers.
- Access to the £400 Premier bonus typically requires earning over £75,000 a year or holding at least £100,000 in savings with Barclays, in a market where several banks are currently paying customers to switch.