Barclays Bank has officially clarified a crucial requirement for customers hoping to secure a £200 cash bonus for switching to its services. The bank is actively rolling out a series of financial incentives to attract new clients, with potential total rewards reaching as high as £900.
Understanding the £200 Switch Offer
The popular £200 incentive is available to individuals who open a Barclays Bank Account through the bank's mobile application. A key condition for this offer is that customers must also enrol in the Blue Rewards scheme, which carries a monthly fee of £5.
To qualify for the bonus cash, several criteria must be met. A central point of confusion for some was whether simply opening the account was sufficient. Barclays has now explicitly confirmed that depositing a minimum of £2,000 into the new account is a non-negotiable part of the agreement.
The bank informed a customer querying the terms, stating clearly: "Part of the eligibility criteria is to add at least £2,000 to your new Barclays Bank Account." According to the official Barclays website, this £2,000 must be paid into the account within 30 days of opening it, either as a single lump sum or through several smaller payments.
Larger Bonuses and ISA Transfer Opportunities
For those with larger deposits, Barclays is also promoting a more substantial incentive. Customers who switch to a Barclays Premier Current Account can receive a £400 bonus payment. To secure this, a deposit of £4,000 is required within the first 30 days of account opening.
Furthermore, there is an additional opportunity to earn up to £500 by transferring an existing ISA to Barclays. By combining this with one of the current account switch offers, savvy customers could potentially receive a total of £900 in bonus cash.
Key Deadlines and Switch Requirements
Time is of the essence for anyone interested in these offers. To qualify for either the £200 or £400 current account switch bonus, applicants must request a full switch using the Current Account Switch Service by 27 November 2025.
This switch must include at least two active direct debits and be completed within 30 days of the initial request. The cash bonus will be paid into the new account within 28 working days of meeting all the eligibility criteria, with Barclays sending a confirmation text once everything is fulfilled.
The deadline to request an ISA transfer for the associated payment is slightly later, on 28 November 2025.
