Barclays customers have been urged to act quickly if they want to take advantage of a bonus offer worth up to £900. The bank is offering a one-off payment of £200 for switching to a Barclays Bank Account, or £400 for switching to a Premier Current Account. Additionally, customers can receive up to £500 by transferring their ISA savings to Barclays.
The deadline for switching current accounts is November 27, while ISA transfers must be requested by November 28. However, personal finance expert Aaron Peake of CredAbility warned that the offer could be withdrawn early if it proves too popular. 'We’ve seen this happen before with other switch deals when too many people apply at once,' he said.
Peake advised customers to use the bonus wisely, such as building an emergency savings pot or paying off debt. 'Reducing your debt can save you money in interest and can help improve your credit score too,' he added. The terms and conditions state that Barclays may withdraw, amend or replace the offer if circumstances beyond its control occur.
