The Bank Switcher | Weekly Bank Switch Offer Guide and Question Post | January 27, 2026
A lot of people have bank switch questions. So we have created a weekly roundup of current offers:
- Current switch offers worth ~£1000
- No-switch sign-up bonuses
- Quick start guide and best direct debits
Many detailed answers are in our main guide, along with more details about each current offer: 🔗 The Full BeermoneyUK Bank Switch Bribe Bible
Similar offers for other types of finance companies are described in the Easy Cashback Offers post
Good "get paid to" play games offers are described in the Gemsloot game tracker post
And all beermoney refer a friend offers are listed in our list of all refer a friend offers
Current Switch Offers
| Bank | Bonus | Key Requirements | Links |
|---|---|---|---|
| First Direct | £175 (+£50 via TopCashback) | Full switch + 2 DDs + pay in £1,000 | Direct link |
| Lloyds (1 week to sign up!) | £250 (+£50 via Lloyds Refer a Friend) | Full switch + 3 DDs + pay in £1,000 | Direct link |
| Nationwide | £175 (£350 for joint) | Full switch + 2 DDs + pay in £1,000 + use debit card | Direct link |
| TSB | Up tp £200 to switch, £30 cashback, + £30 more via Quidco | Full switch + 2 DDs + pay in £1,000 + use debit card | Direct link |
| Santander | £200 + £20 more | Full switch + 2 household DDs (must be listed in their terms + pay in £1,500 + use debit card | Get the extra £20 via Topcashback |
There is also a HSBC switch offer here for up to £750, but it is only for those with rather large salaries or savings.
No-Switch Sign-Up Offers
| Bank | Offer | Comment |
|---|---|---|
| Chase (refer a friend offer) | Open a Chaseaccount, get £50 (muse use referral link & deposit £1k) | |
| iFast (refer a friend + switch offer) | Switch in your BACs credit payment for 3 months (e.g. salary). Use referral link for £5 bonus) | Seems account specific... Terms |
| Monzo (megathread) | Spend £1, get £10 or £50 | £50 is for a business account |
| Starling (click to search) | Free National Trust Day Pass | |
| Revolut 2026 Offer (external) | Open an account, spend £20+ in your first transaction, get £20 | |
| Zopa (megathread) | Open an account, get £10 |
Quick Start Guide
Don't switch your main account when trying out a new bank! Instead:
- Open a second current account with your existing bank (must be part of CASS service)
- Set up 2 or three direct debits on the second account (depending on the specific offer)
- Add £1 to track the switch (it will appear in your new account when the switch is complete)
- Apply for new account and arrange switch
- Meet any pay-in requirements
- Collect your bonus
Best Direct Debits
| Site/App | Offer | Comment |
|---|---|---|
| Scrimpr cheap direct debit | Shows on account within 5 days, payment taken within 7 | |
| Park Christmas (Search subreddit for offer) ( ) | Save for Christmas via direct debit | |
| Plum (Search subreddit for offer) | A very useful direct debit | Easy and fast to set up |
| Sprive (Search subreddit for offer) | Autosavings for mortgage overpayment direct debit (£5 bonus) | Easy and fast to set up |
| Wealthify (Search subreddit for offer) | A very useful direct debit (£1/month min) | Easy and fast to set up |
Important tips and things to know
- Most banks do hard credit checks
- Wait for your bonus before switching again
- You can often do multiple banks simultaneously
- Check individual terms for eligibility
- Typical switch takes ~7 days
Additional tips
- Students: Check 2025 Student Version of The Bankedex
- Keep 3 accounts open for YouGov Connections (£50 quarterly)
- Some accounts worth keeping: See "don't leave us please" bank rewards post
- Do offers ending soonest first
Always check individual bank terms - do your own research before applying.
Posted Jan 27, 2026, 11:33 AM UTC