Overview
- Barclays’ £400 Premier incentive requires starting a CASS switch by Thursday, November 27, 2025, paying in at least £4,000 within 30 days, and having two Direct Debits, with eligibility tied to £75,000+ income or £100,000 held with Barclays.
- Nationwide and NatWest are paying £175 to new switchers, while Lloyds, Santander and some Barclays accounts offer about £200, giving multiple routes to pre‑Christmas cash.
- First direct is offering £175 for switching to its 1st Account, with extra perks such as an interest‑free overdraft allowance and access to a high‑rate Regular Saver, subject to set account actions.
- To qualify, banks generally require a full switch through the Current Account Switch Service, which moves Direct Debits and payments, closes the old account, and often demands minimum pay‑ins and active Direct Debits.
- The CASS reports 12.1 million switches since launch and a 99.5% seven‑day completion rate in Q3 2025, with 91% of recent users satisfied and some bonuses, such as Santander’s, paid within 30 days of meeting conditions.