Barclays has clarified who qualifies for its £175 switching bonus after a customer expressed confusion over the term 'new customer'. The offer, available until 28 August, is for those opening a Barclays Bank Account or Premier Current Account via the Barclays app.
An existing Barclays mortgage and credit card holder asked on social media whether they qualified, given they had never held a current account with the bank. Barclays confirmed: 'If you’ve never had a current account with us, you’d absolutely be classed as a new customer if you were to look into opening a current account with us for the very first time.'
To receive the £175, customers must open a sole account, complete a full switch using the Current Account Switch Service with at least two active direct debits, and pay in £1,500 within 30 days. Those opening a Barclays Bank Account must also join Blue Rewards.
The offer excludes anyone who opened a Barclays current account before 15 July 2025, or who has previously received a switch offer from the bank. Joint accounts are also ineligible. Barclays reserves the right to withdraw or change the offer at any time.
