Barclays is among the high street banks with a current switching offer (Image: Getty)
Three of the UK’s major high street banks have £200 switching offers, allowing customers to get a nice boost into their accounts if they meet certain criteria. Switching offers are not uncommon, and there tend to always be some decent ones on the market from the likes of Lloyds and Santander. Before switching, customers have a slew of things to consider when it comes to their current account, so decisions should not solely be based on current switching offers. Plus, you should read the full terms and conditions of the offer before committing.
However, if you are considering a full switch, it’s good to know what deals are available. As well as money paid into accounts, some banks offer other benefits such as streaming subscriptions and vouchers. Many of these switching offers only run for a limited time. Some don’t have set end dates, while others only have a few weeks or months left fr people to take advantage of them. Here is a full breakdown of the ones paying £200 and their conditions.
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Lloyds
Lloyds offers £200 when you switch to a new Club Lloyds current account using the Current Account Switch Service (CASS). However, those thinking about it should note that the Club Lloyds current account is a fee-paying one.
But there are a range of benefits, as well as the £200 switching offer. You can get 12 months of Disney+, cinema tickets, a magazine subscription or a digital Coffee Club and Gourmet Society membership. If you pay more than £2,000 into the account per month, the monthly £5 fee can be waived.
The £200 will be paid into your account within 45 days if you move over at least three active direct debits and spend £100 on your debit card within 35 days of opening the account.
You should read the full terms and conditions on Lloyds’ website.
Lloyds has a decent switching offer right now (Image: Getty)
Barclay’s
To get £200 as part of this offer, you must switch to a Barclays current account with Blue Rewards using the Current Account Switch Service (CASS). You must sign up to Blue Rewards, which costs £5 a month, to get the £200 bonus.
Other than that, there are no monthly fees. This offer is running between 10 March and 28 May 2026. The switch must include at least two active direct debits, and at least £2,000 must be paid into the account within 30 days.
If you already had a Barclays current account open when the offer started on 10 March 2026 or if you’ve previously received a switching incentive from Barclays, you don’t qualify.
You should read the full terms and conditions on Barclay’s website.
Santander
Santander’s £200 comes in the form of £180 paid into a new current account, as well as a £25 Amazon voucher. So the true value is actually £205.
This bonus is available when you switch to one of Santander’s eligible accounts – Everyday, Edge, Edge Up, Edge Explorer or Private – using the CASS. A full switch request should be submitted through the CASS, and the switch should be complete within 90 days in order to qualify for the bonus.
Additionally, you’ll need to open the account through a participating price comparison website, including Clearscore, Experian, MoneySuperMarket and MoneySaving Expert, to get the £25 Amazon voucher.
You should read the full terms and conditions on Santander’s website.
