Best bank account switching offers 2025

Discover which banks pay you up to £175 for switching your current account.

These are free current and e-money accounts where you can get £100 or more plus other incentives for opening an account. However, for some accounts you will need to switch and close your old account to get the bonus. We have a separate guide on banking apps with sign-up bonuses and other ways to earn free money.

  • first direct – 1st Account – £175 switch offer
  • The Co-Operative Bank – Standard Current Account – £75 bonus for switching, plus £25 a month for up to 3 months
  • Lloyds Bank – Club Lloyds – £175 switch offer
  • Nationwide – FlexDirect, FlexPlus or FlexAccount accounts – £175 switch offer
  • TSB – Spend & Save or Spend & Save Plus Account accounts – £160 switch offer
  • Revolut – Standard account – £20 sign-up bonus offer for new customers

Latest current account switching offers

first direct 1st Account

first direct 1st Account - £175 switch bonus

8.2 Great
See dealRead review
Minimum opening balance£0
Account fees£0
Interest (AER)0% AER
£175 cashback for accounts switched using the Current Account Switch Service, including at least 2 direct debits or standing orders.

Requirements to get the £175 switching bonus

  • Switch a current account held elsewhere using the Current Account Switch Service into a 1st Account
  • A full CASS switch including at least 2 direct debits or standing orders must be made within 45 days of opening your first direct 1st Account
  • Within 45 days, deposit a minimum of £1,000 into your account
  • Within 45 days, make 5+ debit card payments
  • Within 45 days, register and log onto digital banking
  • first direct will perform a credit check

Exclusions

  • You have opened a first direct product, or opened an HSBC current account on or after 1 January 2018.

Offer ends
This offer is subject to availability and may be withdrawn at any time.

TSB Spend & Save Account

TSB Spend & Save Current Account - £160 switch bonus

7.1 Great
see dealRead review
Minimum opening balance£0
Account fees£0
Interest (AER)0% AER
£100 cashback for accounts opened and switched using Current Account Switching Service, log into the mobile banking app and make five debit card payments by 14.3.25.

Requirements to get the £100 switching bonus

  • Apply for a new TSB Spend & Save account or Spend & Save Plus account
  • Submit a full switch request using the Current Account Switch Service
  • Make a minimum of 5 payments using your debit card by 14 March 2025
  • Log in to the TSB Mobile Banking App at least once by 14 March 2025

Requirements to get the cashback - up to £60

  • Complete all of the £100 switch incentive conditions
  • Make 20 or more payments per month using your debit card in the first 6 months of opening your account

Requirements to get the TSB Partnership Reward in September 2025

  • Complete all of the £100 switch incentive conditions
  • In August 2025, make 20 or more payments using your debit card

Offer ends
This offer is subject to availability and may be withdrawn at any time.

Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable.

Lloyds Club Lloyds Account

Club Lloyds - £175 switch bonus

Read review
Minimum opening balance£1
Account fees£3.00
Interest (AER)1.5% AER
£175 for accounts switched using the Current Account Switch Service before 1.4.25, including at least 3 direct debits.

Requirements to get the £175 switching bonus

  • Switch to a Club Lloyds Account, Club Lloyds Platinum Account or Club Lloyds Silver Account using the Current Account Switch Service to switch from a bank account held with another bank
  • Your switch must include the transfer of a minimum of 3 active direct debits from your old account being switched to Lloyds Bank as part of the offer
  • Start your switch between 18 February 2025 and 1 April 2025

Exclusions

  • Direct debits set up after your switch has been started and other types of automated payments won’t count towards the offer
  • You must not have received a switching offer since April 2020 for switching to any Lloyds Bank, Halifax or Bank of Scotland Current Account
  • You are switching to a joint account and one of the parties to the joint account has already received a switching offer since April 2020
  • You are an employee of Lloyds Banking Group, or if an employee is on any bank account held in joint names

Offer ends
1 April 2025.

The Co-operative Bank Current Account

The Co-operative Bank - £75 bonus for switching, plus £25 a month for up to 3 months

7.6 Great
Read review
Minimum opening balance£0
Account fees£0
Interest (AER)0% AER
£75 cashback for accounts switched using the Current Account Switch Service.

How to get the £75 switch incentive
To be eligible, you must request a full switch in one of the following ways:

  • Switch to The Co-operative Bank as part of an application for a new Standard Current Account within the offer period
  • Apply for a new Standard Current Account or Everyday Extra account within the offer period, and request a switch within 2 weeks of your account opening
  • Switch a current account held with a different bank to an existing Co-operative Bank account (includes Standard Current Account, Privilege, Privilege Premier, Current Account Plus or Everyday Extra Account) during the offer period

To get the £75, you must have done the following within 30 days of the switch completing:

  • Deposit £1,000 or more
  • Have 2 active direct debits or standing orders set up
  • Make 10 or more card or digital wallet transactions (pending transactions will not count)
  • Register for online banking services or mobile app
  • Set up the debit card in a digital wallet (Apple Pay, Samsung Wallet or Google Pay)

You will receive the £75 within seven days of meeting the criteria.

How to get the £25 a month
To get the £25 a month for 3 months, you need to continue actively using your current account each month by:

  • Depositing £1,000 or more
  • Make 10 or more card or digital wallet transactions (pending transactions will not count)
  • Having 2 or more active direct debits

Your 3 months begin on the day after you receive your £75 incentive payment.

If you do not meet the eligibility criteria for one of the months, you can still meet it in one of the following months. The offer runs for the three months following your switch, and the period is not extended should you not be eligible for a month.

Offer ends
This offer is subject to availability and may be withdrawn at any time.

Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 35.9% EAR variable.

Nationwide FlexDirect Account

Nationwide current account - £175 switch bonus

Read review
Minimum opening balance£0
Account fees£0
Interest (AER)5% AER
£175 cashback for accounts switched using the Current Account Switch Service, including at least 2 direct debits.

Requirements to get the £175 switching bonus

  • Switch a non-Nationwide bank account with at least two active direct debits to Nationwide
  • Switch to Nationwide online
  • Close your non-Nationwide bank account
  • Within 28 days, complete the switch
  • Within 31 days of requesting the switch, you must put at least £1,000 into the account and complete a transaction using your debit card

Exclusions

  • Offer applies to Nationwide's three main current accounts - FlexDirect, FlexPlus and FlexAccount.

Offer ends
This offer is subject to availability and may be withdrawn at any time.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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To make sure you get accurate and helpful information, this guide has been edited by Liz Edwards and reviewed by Katherine Denham, a member of Finder's Editorial Review Board.
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Editor

Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio

Kate's expertise
Kate has written 164 Finder guides across topics including:
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