Overview

• Martin Lewis says seven banks have live switching incentives and that those who move now could receive payouts by about 9 December.
• Barclays is reported as the highest payer with up to £400 for switching to a Premier Current Account via the app using the Current Account Switch Service by 27 November, with a full switch and £4,000 paid in within 30 days.
• Other participating banks include Lloyds, Nationwide, NatWest, TSB, First Direct and the Co‑operative Bank, with typical bonuses in the roughly £150–£200 range.
• Common requirements include moving at least two active Direct Debits, making a qualifying deposit in the first month and completing the process through the bank’s app, with some offers excluding recent former customers.
• The net gain can be reduced by account charges such as Barclays Blue Rewards at £5 per month and Lloyds Club or Premier fees, so consumers are urged to weigh ongoing costs.