Barclays has issued a critical two-week warning for customers looking to claim a £175 switching bonus. The offer, which has been highly popular, is set to expire soon, leaving little time for eligible account holders to take advantage.
What’s the Barclays Switching Offer?
The high street bank is offering a £175 cash incentive to new and existing customers who switch to a Barclays current account using the Current Account Switch Service (CASS). However, this lucrative deal won’t be around for much longer.
Who Qualifies for the £175 Bonus?
To be eligible, you must:
- Complete the switch via CASS within 30 days of opening your new Barclays account.
- Deposit at least £800 into the account within 31 days of the switch.
- Log in to the Barclays app or online banking within 60 days of the switch.
Existing Barclays customers can also qualify if they switch an external account to Barclays, provided they haven’t claimed a switching bonus from the bank since January 2020.
Why Act Now?
The deadline to complete the switch and meet all requirements is July 29, 2024. After this date, the offer will no longer be available, so time is of the essence for those looking to pocket the free cash.
How Does This Compare to Other Bank Offers?
Barclays isn’t the only bank offering switching incentives. Competitors like NatWest, Lloyds, and First Direct have similar promotions, but Barclays’ £175 bonus remains one of the most competitive on the market.
If you’ve been considering a bank switch, now could be the perfect time to make the move and get rewarded for it.
