Several switching offers changed in June and July 2026. Co-op Bank has launched a new offer worth up to £300, HSBC has launched a new £220 standard account offer, NatWest has increased to £200, and Barclays has entered the market with a fresh £200 offer. Here are the best offers right now — ranked by bonus value, with full eligibility requirements and our verdict on each.
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⚡ Updated 30 July: Santander's £180 offer closes 31 July 2026 — act today if you want it. All outbound links below have been re-checked and corrected.
BeSwitchReady sets up two genuine Bacs Direct Debits — £0.99 each, £1.98/month total — so you're already eligible the moment you pick an offer below. No scrambling to set anything up first.
Co-op Bank has launched a new offer paid across four months rather than as a single lump sum — £125 upfront, then £25/month for up to 3 more months if you keep meeting the conditions. Most new switchers should expect £200; the full £300 is only available to existing Co-op Bank, smile, Coventry Building Society, Godiva Mortgages, or ITL Mortgages customers.
Up to £300 bonus, paid over 4 months. 2 DDs + £1,500 pay-in + 5 card uses within 30 days, repeated each month.
Our verdict: The biggest bonus currently on the market, but it asks more of you than most — you need to actively requalify each month rather than switch once and forget it. Worth it if you're comfortable with that, otherwise NatWest remains the simpler single-condition option.
HSBC launched a new £220 offer on 15 June 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.
Requirements: Switch via CASS, 2 active Direct Debits, £2,000 pay-in and £500 debit card spend within 60 days, new HSBC customers only.
Our verdict: Good bonus but more conditions than NatWest. The additional £500 card spend requirement makes it slightly more work. 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.
Requirements: Switch via CASS, 2 active Direct Debits, £1,250 pay-in, log into app — all within 60 days. Must not have held NatWest since 6 May 2026.
Our verdict: The cleanest offer on the market right now. Lower pay-in threshold, no card spend requirement, no deadline. Start here if you haven't switched before.
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. No HSBC account since Jan 2018.
Requirements: Switch via CASS, 2 active Direct Debits, no previous First Direct account, no HSBC account since January 2018.
Our verdict: Still a strong offer at £175 — 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.
Barclays' £200 switching offer is available for customers who haven't held a Barclays account since 9 June 2026.
£200 bonus. 2 DDs + £2,000 pay-in within 30 days. No Barclays account before 9 June 2026.
Our verdict: A solid addition to the market. Good as a third or fourth switch after NatWest and First Direct/HSBC — but don't leave it too late given the deadline.
£180 bonus. 2 household Direct Debits + £1,500 pay-in within 60 days. No monthly fee on Everyday account.
Our verdict: This one closes imminently — if you want it, start your switch today rather than tomorrow.
£175 bonus. 2 DDs + £1,000 pay-in + 1 card payment, switch completing within 28 days. Not held Nationwide or Virgin Money recently.
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 30 July 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.