Two real changes this month: Santander has launched a new £240 offer — currently the biggest cash bonus on the market — and Co-op Bank's offer has closed entirely as of 7 September, with no replacement currently live. Here are the best offers currently live, ranked by bonus value.
Affiliate disclosure: Some links below are affiliate links. We may earn a commission if you open an account — this never affects our rankings. Offers ranked by bonus value only. Full disclosure →
❌ Updated 8 September: Co-op Bank's offer closed 7 September and has been removed from this page. Santander's £240 offer remains live until 7 October. All figures below verified today.
BeSwitchReady sets up two genuine Bacs Direct Debits — £0.99 each, £1.98/month total — helping you meet the Direct Debit requirement most offers below ask for. No scrambling to set anything up first. The bank's own terms always take precedence.
Santander's new offer is currently the largest switching bonus available — but it's the only one on this list requiring you to also fund a Regular Saver account, not just switch your current account.
£240 bonus. 2 household DDs + £1,500 pay-in + Regular Saver funded with £200, within 60 days.
Our verdict: The biggest bonus this month, plus the Regular Saver pays a genuinely good 8% rate in its own right. The extra step (funding a savings account, not just switching) is a small trade-off for the largest payout currently available. Read the full guide →
HSBC's £220 offer remains live for standard accounts opened via the app. A separate £500 Premier offer also exists but requires a £100,000+ annual salary or £100,000+ in savings with HSBC — out of reach for most customers.
£220 bonus. 2 DDs + £2,000 pay-in + £500 card spend within 60 days. App only.
Our verdict: Good bonus but more conditions than NatWest. Best for anyone who shops regularly and would hit £500 naturally.
NatWest offers £200 with simpler conditions than HSBC — just a £1,250 pay-in and app login within 60 days. No deadline pressure and no card spend requirement.
£200 bonus. 2 DDs + £1,250 pay-in + app login within 60 days. No deadline.
Our verdict: The cleanest offer on the market right now for anyone who wants simplicity over the biggest possible number. No deadline pressure.
First Direct consistently scores highest for customer service and offers £175 for eligible new switchers — with no monthly account fee and no current end date.
£175 bonus. 2 DDs, £1,000 pay-in, 5 card payments within 45 days. No monthly fee.
Our verdict: Still a strong offer — and one of the best banks to actually stay with long-term. Note: HSBC and First Direct are in the same group — you can only claim one of their bonuses.
£175 bonus. 2 DDs + £1,000 pay-in + 1 card payment, switch completing within 28 days.
Every offer above requires two active Direct Debits. As a BeSwitchReady member (£1.98/month total — £0.99 each), you permanently have them — so you can claim any of these offers the moment you decide to switch. No scrambling to set up bills before a deadline.
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Join BeSwitchReady →Offers verified as of 8 September 2026. Always check the bank's current terms before applying, as offer terms, deadlines, and requirements can change without notice. Some links may be affiliate links — see our disclosure policy.