Top bank accounts offering
free cash to switch

The best bank account switch offers we've seen recently…

Best bank account switch offers

We're always keeping an eye out for the top bank accounts that offer free cash for switching.

We frequently check with all the main banks to find the latest switch bonuses, to help you earn the best bank incentives. Martin Lewis is another great source for this – check out MoneySavingExpert's list of top bank accounts that pay free cash for switching.

Here are our top picks:

Nationwide

New offer! £175 + 5% interest + 1% cashback to switch.

  • - Valid for: switching into a FlexAccount, FlexPlus, or FlexDirect current account.
  • - You need to switch at least 2 direct debits – we can help!
  • - You also need to deposit £1,000 into your account, and make a debit card payment, within 31 days of requesting your switch.
  • - You can't have switched into Nationwide, or received a switch bonus from them, since 18 August 2021.
  • - Paid within 10 days after you meet the criteria.
  • - You must switch using the Current Account Switch Service and complete your switch within 28 days.
  • Please check the Nationwide website for more details, and read the offer terms & conditions before you switch to Nationwide.

Co-Op Bank

New offer! £75 + £25/month for 3 months to switch.

  • - Valid for a range of new Co-Op Bank accounts.
  • - You need to switch at least 2 direct debits – we can help!
  • - You also need to deposit £1,000 into your account, register for online banking, add your new debit card to Apple Pay or Google Pay, and make 10+ debit card payments within 30 days of completing your switch.
  • - There are further requirements for the additional £25/month bonus.
  • - You can't have received a switch bonus from Co-Op Bank since November 2022.
  • - Paid within 7 days after you meet the criteria.
  • - You must switch using the Current Account Switch Service, request your switch within 2 weeks, and complete your switch within 28 days.
  • Please check the Co-Op website for more details, and read the offer terms & conditions before you switch to Co-Op.

First Direct

Offer: £175 + 7% regular saver to switch.

  • - Valid for: new 1st Accounts.
  • - You need to switch at least 2 direct debits or standing orders – we can help!
  • - You also need to deposit £1,000 into your 1st Account, and make 5+ debit card payments within 45 days.
  • - You can't have had any account with First Direct before. You also can't have opened a current account with HSBC since January 2018.
  • - Paid by the 20th of the month after you meet the criteria.
  • - You must switch from another bank using the Current Account Switch Service and complete your switch within 45 days.
  • Please check the First Direct website for more details, and read the offer terms & conditions before you switch to First Direct.

Have we missed something?

Please let us know!

Whilst we try our best to keep this page up-to-date and accurate, please make sure you check the switch offer directly with the bank before you decide to switch.

You should also make sure you double-check the eligibility criteria before you apply. For example, there might be a monthly fee or a minimum monthly deposit, or the bank might want to check other things like your credit score, or if/when they last gave you free cash for switching banks.

Make sure you use the Current Account Switch Service when switching banks for a sign-up bonus. This is offered by all the banks we list here, and the bank you're switching to (your new bank) should provide this.

And, to be clear - this is not financial advice!

Last updated: Fri, 27 Sept

Unlock your switch bonus!

Set up a Tiny Direct Debit today.