Barclays customers have been urged to “get an early start” and take advantage of a £900 bonus offer. The bank is offering a range of payments at the moment if you’ll switch to them.
This includes a payment if you move your current account to either a Barclays Bank Account or a Premier Current Account, for which you can be paid £200 or £400 respectively. On top of this, you can get up to £500 if you’ll move your ISA savings over to Barclays.
There is still some time left to cash on the offers, as you need to apply for your current account by November 28 and request your ISA transfer by November 29. But if you’ve got your eye on the extra funds, it may be prudent to act sooner rather than later.
Nick Robinson, managing director at Yorkshire Accountancy, said: “Getting an early start on your Barclays switch gives you plenty of time to complete the process smoothly and avoid unnecessary stress. The switch includes moving direct debits, standing orders, and confirming eligibility for the cash incentive, all of which can take several days to process.”
To get either current account switch offer, you have to complete the switch within 30 days of requesting the switch. Also within this period, you need to pay in a minimum amount into your account, of either £2,000 into the Barclays Bank Account or at least £4,000 into the Premier Account. If you go for the Barclays Bank Account, you also need to sign up for Blue Rewards.
Mr Robinson said it’s a good idea to get this all done before the Christmas period. He said: “Acting early reduces the risk of missed payments or delays that might affect your bonus and gives you the space to review everything carefully before the festive period, when banks and customer service teams tend to be busier.
“Preparing in advance also allows you to double-check that all payments and transfers are set up correctly, ensuring the switch is finalised without complications.”
Make sure it works for you
It’s also a good idea to think about how you will use the extra funds once they have been paid. You will get the £200 or £400 payment within 28 working days of meeting all the eligibility criteria.
Mr Robinson said: “Once the bonus is paid, make sure it works for you. Adding the funds to a high-interest savings account, topping up your emergency fund, or reducing short-term debt can provide lasting financial benefits.
“It’s also worth keeping an eye on the wider market over the next few weeks, as banks often introduce new switching deals before Christmas, giving proactive savers the opportunity to make the most of multiple offers and boost their overall returns.”
