Barclays is offering new current account customers up to £300, with the first £150 potentially paid before Christmas if they act quickly. The offer, available as of November 6, requires a full switch through the Current Account Switch Service (CASS) and a minimum salary deposit.
Eligibility Requirements for the Bonus
To qualify, applicants must be aged 18 or over, be UK residents, and apply through the Barclays app. They must complete a full switch via CASS within 30 days, including at least three active Direct Debits, and deposit a minimum salary of £2,000 into the new account within 30 days of opening.
Customers who held an open Barclays current account before October 1, 2026, or who are opening a joint account, will not be approved for the cash bonus.
Payment Structure and Deadlines
The first half of the reward (£150) is paid within 28 working days after all qualifying criteria are met. To receive this payment before Christmas, customers must open the account and meet all criteria by Thursday, November 19.
The remaining £150 is paid in £30 instalments as a "monthly engagement reward." To earn each instalment, customers must make at least 10 eligible debit card purchases, receive salary payments totalling at least £2,000 into the account, and have an active Barclays account on the payment date.
The CASS bonus will appear on statements as 'Switch Reward'. Most people in the UK (60%) have never switched their everyday current account, and those who have never switched may be in the best position to take advantage of such offers.
