UK banking customers are being alerted to two crucial deadlines falling in late November, presenting an opportunity to receive hundreds of pounds in direct payments. While many are focused on the Autumn Budget on November 26, these specific dates from Barclays could put immediate cash into your account.
The Barclays Cash Switch Offers Explained
Barclays is currently providing significant financial incentives for customers who move their banking business to them. The offer is twofold, targeting both current account holders and those with ISA savings.
For current account switches, you can receive a £200 payment when moving to a standard Barclays Bank Account and signing up for Blue Rewards. If you qualify for and switch to a Premier Account, the bonus jumps to £400.
The process requires you to open the account and request the full current account switch via the Barclays app. Your switch must include at least two direct debits, and you need to pay in a minimum amount: £2,000 for the standard account offer and £4,000 for the Premier account.
Key Dates and ISA Transfer Bonus
Timing is critical for securing these payments. For the current account switch offers, you must start your full switch by Thursday, November 27.
Additionally, Barclays is offering up to £500 in bonus cash for transferring your ISA funds to them using their dedicated ISA transfer-in service. To qualify for this separate payment, you must request the transfer by Friday, November 28.
Combined, these offers mean a potential total gain of £900 for eligible customers who switch both their current account and ISA.
When Will You Receive Your Money?
For the current account switch bonuses of £200 or £400, Barclays will pay the money into your new account within 28 working days of you meeting all the eligibility criteria. The bank will send a confirmation text once all requirements are fulfilled.
The payment will appear on your statement labelled as 'Switch Reward'. It's important to note that this Current Account Switch Service (CASS) offer can only be used once per person.
For the ISA transfer bonus, you must have a current account open with Barclays, as this is where the cash payment will be deposited.
