The high street bank becomes the latest provider to offer a current account switch incentive this summer.
Those who are thinking of moving their current account to a different provider now have a new offer to choose from after Barclays Bank launched a switch incentive this week.
Eligible customers who use the Current Account Switch Service (CASS) to move their existing current account to a Barclays Bank Account or Premier Current Account before 28 August 2025 could receive a cash bonus of £175, provided they meet the necessary terms.
To qualify for this bonus, customers need to open one of the above accounts in the Barclays mobile app. Those opening a Barclays Bank Account will also need to join the Blue Rewards scheme, which costs £5 per month.
When switching, customers need to move across at least two Direct Debits. Once the switch is complete, they then need to pay in a minimum of £1,500 into their account within 30 days to receive the £175 bonus. The money will be paid within 28 working days of meeting all the criteria.
“A £175 free cash offer from Barclays Bank is attractive, but it can be beaten elsewhere. However, there could be cost savings for customers who join Blue Rewards, such as if they are already paying for Apple TV,” commented Rachel Springall, Finance Expert at Moneyfactscompare.co.uk.
Note that this offer is only available to new customers opening a sole account who haven’t previously received a switching offer reward from Barclays Bank.
