New switching deal from Barclays could see consumers £900 better off in time for Christmas

This includes up to £500 cashback for current account customers who transfer their cash ISA to Barclays.

Consumers wanting a boost to their finances ahead of the festive season could earn up to £900 with a new current account switching deal from Barclays that launched today (7 October 2025).

The high street banking giant is offering an initial £200 to eligible customers who make the move to its Bank Account, while those who switch to its Premier Current Account will receive a larger £400 cash reward (subject to meeting all criteria).

There’s then an extra £500 up for grabs for switchers who transfer an existing cash ISA to Barclays (depending on its value). However, time is already running out to take advantage of these offers which are scheduled to end next month.

How to get your hands on the free cash

Those looking to get their hands on the free cash must first open either of the eligible accounts using the Barclays mobile app and then start a full switch via the Current Account Switch Service (CASS) by 27 November 2025. The switch must be completed within 30 days of account opening and includes moving at least two active direct debits. A minimum of £2,000 will also need to be paid into the Barclays Bank Account within 30 days of opening, while a bigger balance of £4,000 is required for its Premier Current Account.

Furthermore, any customers opening a Barclays Bank Account will need to sign up to its Blue Rewards for £5 per month, which unlocks access to enhanced savings rates, cashback on everyday spending and an Apple TV+ subscription.

After successfully switching current accounts, those who open a qualifying Barclays cash ISA and request to transfer in an existing cash ISA worth £100,000 or more by 28 November 2025 using the ISA transfer-in service will earn an extra £500. When considering the £400 bonus for switching to the Premier Current Account, this brings the total amount of cashback on offer to £900.

There are also smaller cash incentives available to those transferring balances that fall beneath this threshold. A balance of between £50,000 and £99,999.99 will receive £200, while cash ISAs worth between £25,000 and £49,999.99 will get £100.

How does this switch deal compare?

This latest switching bonus is among the most competitive on the current market. The £200 offered for switching to Barclays’ Bank Account, for instance, is matched only by the cash incentive for moving to Lloyds Bank’s Club Lloyds or Lloyds Premier current accounts.

But, while an upfront cash injection can be a great sweetener, Springall urged consumers to “only ever switch accounts if the new deal offers them better value”.

While free cash incentives don’t tend to last long, she added that “consumers should never feel pressured to switch”. Instead, it’s important to consider all features of a current account carefully to make sure it best meets your needs and circumstances.

“There is a plethora of different benefits to choose from, such as high interest current accounts, those with a competitive overdraft tariff, as well as packaged accounts with integrated insurance plans or even accounts that reward savers or spenders,” said Springall.