Barclays Bank has issued an urgent warning for customers seeking to claim a cash bonus of up to £400, emphasising that two critical actions must be completed today to secure the payment.
Time-Sensitive Steps for Your Barclays Bonus
The clock is ticking for this limited-time promotion. To qualify for the one-off payment, you must complete two specific steps by the end of today, November 27. The offer is exclusively available to new customers switching to Barclays.
First, you need to download the Barclays app and use it to open either a standard Barclays Bank Account or a Premier Current Account. Second, you must initiate a full current account switch using the Current Account Switch Service. This switch needs to include the transfer of at least two active direct debits.
Payment Tiers and Additional Requirements
The value of the bonus depends on the account you choose. Switching to a Barclays Bank Account will earn you £200, while opting for the Premier Current Account nets a more substantial £400 reward.
There is an important distinction for those choosing the standard account: you must also join Blue Rewards, a service which carries a £5 monthly fee.
After the initial switch, a further requirement must be met to finally secure the cash. Within 30 days of opening your new account, you are required to deposit a minimum of £2,000 into the Barclays Bank Account or £4,000 into the Premier Current Account. This can be deposited in one lump sum or through several instalments.
Receiving Your Money and Another Cash Opportunity
Once all the conditions are satisfied, Barclays will pay the switch bonus directly into your new account. Customers should expect to receive the money within 28 days of completing the final step. You will get a text message confirming your eligibility, and the payment will appear on your statement labelled as 'Switch Reward'. This offer is limited to one payment per person.
In a separate promotion, Barclays is also offering an additional bonus of up to £500 for customers who transfer their ISA savings. The amount granted depends on the balance transferred:
- £25,000 to £49,999.99 - £100 bonus
- £50,000 to £99,999.99 - £200 bonus
- £100,000 or more - £500 bonus
To get this ISA transfer bonus, you must request a transfer into an eligible Barclays ISA account and submit the request via the Barclays transfer-in service. The deadline for this offer is Friday, November 28, and you must have a Barclays current account to receive the payment.
