Best bank switching bonuses
— June 2026

25 offers are currently active. Most require 2 active Direct Debits. As a BeSwitchReady member, you already have them.

Last updated: 4 June 2026
Affiliate disclosure: Some links on this page are affiliate links. If you click through and open an account, we may earn a small commission at no cost to you. This does not affect our rankings — offers are sorted by bonus value only. Always read the bank's full terms before applying. Full disclosure policy →
Show: All offers Requires 2 DDs ✓ No monthly fee Ending soon
Bank & Account
Bonus
Requirements
Action
HSBC Advance / Premier accounts Top pick
£500cash bonus
  • Switch via CASS
  • 2 active Direct Debits ✓
  • £1,500/month pay-in
  • New HSBC customers only
Claim offer → Ongoing offer
NatWest Select / Reward account Top pick
£250cash bonus
  • Switch via CASS
  • 2 active Direct Debits ✓
  • £1,250/month pay-in
  • Not held NatWest since May 2026
Claim offer → Ongoing offer
First Direct 1st Account Top pick
£200+ £35 via cashback
  • Switch via CASS
  • 2 active Direct Debits ✓
  • No HSBC account since Jan 2018
  • No monthly fee
Claim offer → Ends 29 Jun 2026
Santander Edge Explorer account
£180cash bonus
  • Switch main account via CASS
  • 2 active Direct Debits ✓
  • £17/month account fee
  • Open & existing customers
Claim offer → Ongoing offer
Nationwide FlexAccount / FlexDirect
£175cash bonus
  • Switch via CASS
  • 2 active Direct Debits ✓
  • Not held Nationwide in last 12 months
  • No monthly fee option available
Claim offer → Ongoing offer
Bank of Scotland Classic / Silver / Platinum
£175cash bonus
  • Switch via CASS
  • 2 active Direct Debits ✓
  • Not from Halifax or Lloyds
  • No incentive from BoS since Jan 2023
Claim offer → Ends 29 Jun 2026

🏦 Why do all these offers require 2 Direct Debits?

UK banks use active Direct Debits as a proxy for a "genuine" current account user. Having two in place signals that you're using your account for real financial commitments — not just opening it for the bonus. As a BeSwitchReady member, your two £0.99/month Direct Debits satisfy this requirement automatically, keeping you permanently eligible without needing to rely on other bills or subscriptions.

Not yet a member?

Join BeSwitchReady for £1.98/month and stay permanently eligible for every offer on this page.

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