Barclays bank is urging customers to move quickly to secure one-off bonus payments that could be worth as much as £900. The lucrative offer is available to individuals who switch their current account or transfer their ISA savings to the bank, but strict deadlines apply.
Immediate November Deadlines to Secure Your Bonus
The most urgent dates are in late November. To qualify for a £200 or £400 cash incentive, you must request a full current account switch through the Barclays app by Thursday, November 27. The higher £400 payment is for those moving to a Premier Account, while the £200 offer is for a standard Barclays Bank Account with Blue Rewards. Both options require the switch to include at least two active direct debits.
For savers, a separate opportunity exists. Barclays is offering up to £500 as a bonus for ISA transfers. To be eligible, you must open a Barclays current account to receive the payment and also open a Barclays ISA—such as an Instant Cash ISA or Reward ISA. Crucially, you must request the transfer using the bank's official ISA transfer-in service by Friday, November 28. The amount you receive depends on the total transferred: £100 for £25,000-£49,999.99, £200 for £50,000-£99,999.99, and the full £500 for sums of £100,000 or more.
The Final Hurdle: Your December Deadline
Starting the switch is only the first step. To finally secure the £200 or £400 current account bonus, you must complete two further actions. First, you need to pay a minimum amount into your new account—£2,000 for a standard account or £4,000 for a Premier account—within 30 days of opening it. This can be done in a single deposit or several smaller ones.
Second, the current account switch itself must be fully completed within 30 days of your initial request. If you began the process on the final deadline of November 27, you would have until approximately December 28 to fulfil both the funding requirement and the switch completion.
When Will the Cash Arrive in Your Account?
After successfully meeting all the criteria, the waiting game begins. Barclays has stated that it will pay the £200 or £400 switching bonus directly into your new account within 28 working days of you fulfilling all the requirements. The bank will send a text message to confirm your eligibility. The payment will appear on your statement labelled as 'Switch Reward', making it easy to identify.
This combined offer presents a significant financial incentive for customers considering a change in their banking provider. With deadlines fast approaching, potential applicants are advised to plan their application carefully to ensure they do not miss out on this limited-time opportunity.
