Barclays is offering eligible banking customers up to £300 in cash rewards for switching their current accounts. The total is split into an opening £150 payment, followed by an additional £30 monthly for up to five months if account requirements continue to be met.
Who is eligible for the offer
The offer is available to new UK customers aged 18 and over who transfer using the official Current Account Switch Service (CASS). However, several circumstances will disqualify a customer from receiving the reward.
Customers are not eligible if they do not have a mobile number to use in the Barclays app to open the account, or if they already have any open Barclays Current Account on or before the offer started on October 1, 2026. This includes a Barclays Bank Account, student or graduate account, or a Premier Current Account.
How the £300 is made up
The initial £150 Switch Reward is paid after a full switch is completed, with at least three active Direct Debits moved over, a salary of at least £2,000 paid in, and at least 10 debit card transactions made within 30 days of opening the account.
The Monthly Engagement Reward, worth up to £150, provides £30 a month for up to five consecutive months. To qualify each month, customers must continue depositing at least £2,000 in salary and complete 10 debit card purchases during that qualifying month.
Steps to secure the £150 bonus
Applicants must download the Barclays app and establish a new sole Barclays Bank Account, beginning the application in the app and finalising it within 21 days. They must then select 'Switch to Barclays' inside the app within 30 days of account opening, with the switch being a full transfer via CASS from another UK bank or building society and including at least three active Direct Debits.
To activate the initial £150 payment, customers must deposit a salary of at least £2,000 into the new account and make a minimum of 10 debit card transactions within 30 days of opening.
Conditions for the monthly rewards
Once the initial £150 switch reward has been credited, customers can access an additional £30 each month for the following five months. To obtain each monthly payment, they must have qualified for and received the original £150 switch bonus, deposit at least £2,000 in salary during that qualifying month, make at least 10 eligible debit card purchases that clear by the end of the period, and maintain the sole Barclays account open and active on the scheduled payment date.
Customers will not be eligible for the monthly reward if they did not receive the £150 Switch Reward first, failed to complete 10 eligible debit card transactions, had transactions still pending at the end of the qualifying period, or did not have salary payments totalling at least £2,000 paid into the eligible account during the month. The account must also remain open until the payment date, and customers cannot have already received the maximum of five £30 Engagement Reward payments under the offer.
