Bank switching
Banks will pay you up to £500 to switch.
Compare current switching bonuses and see exactly what each bank asks you to do.
Switched for a bonus before?
Some links earn us a commission. It never changes the order →The market
Browse switching offers
Checked 13 Aug
William · Our picks lead. Then it’s what you keep after fees and what each bank asks of you, not the headline alone.
NatWestMoneyHQ pick
Select or Reward
Monthly fee
£0
Pay-in
£1,250
Things to do
4
£200
Switch bonus
Worth knowingYou must not have held a NatWest current account on 6 May 2026, and a previous NatWest Group switch bonus rules you out for good.
NatWestPick
Select or Reward
£200
Switch bonus
Monthly fee
£0
Pay-in
£1,250
Things to do
4
Worth knowing · You must not have held a NatWest current account on 6 May 2026, and a previous NatWest Group switch bonus rules you out for good.
NatWest
Premier Select account
Monthly fee
£0
Pay-in
£15,000
Things to do
5
£500
Switch bonus
Worth knowingPremier customers only: you need £100k sole or £120k joint income paid in, £100k in savings or investments with NatWest, or a £500k NatWest mortgage, and you must pay in £15,000 within 90 days
NatWest
Premier Select account
£500
Switch bonus
Monthly fee
£0
Pay-in
£15,000
Things to do
5
Worth knowing · Premier customers only: you need £100k sole or £120k joint income paid in, £100k in savings or investments with NatWest, or a £500k NatWest mortgage, and you must pay in £15,000 within 90 days
Santander
Everyday Current Account
Monthly fee
£0
Pay-in
£1,500
Things to do
5
£240
Switch bonus
Worth knowingYou must also pay at least £200 into a Santander Regular Saver within 60 days, and the offer ends on 7 October 2026
Santander
Everyday Current Account
£240
Switch bonus
Monthly fee
£0
Pay-in
£1,500
Things to do
5
Worth knowing · You must also pay at least £200 into a Santander Regular Saver within 60 days, and the offer ends on 7 October 2026
Worth knowingApply in the mobile app only, and pay in £2,000 plus spend £500 on the card within 60 days.
Bank Account
£220
Switch bonus
Monthly fee
£0
Pay-in
£2,000
Things to do
5
Worth knowing · Apply in the mobile app only, and pay in £2,000 plus spend £500 on the card within 60 days.
Worth knowingNew customers only: you cannot have held a first direct product before, or have opened an HSBC current account on or after 1 January 2018.
First Direct
1st Account
£210
Switch bonus
Monthly fee
£0
Pay-in
£1,000
Things to do
5
Worth knowing · New customers only: you cannot have held a first direct product before, or have opened an HSBC current account on or after 1 January 2018.
Royal Bank of Scotland
Select or Reward
Monthly fee
£0
Pay-in
£1,250
Things to do
4
£200
Switch bonus
Worth knowingYou must not have held an RBS current account on 6 May 2026, and a previous NatWest Group switch bonus rules you out for good.
Royal Bank of Scotland
Select or Reward
£200
Switch bonus
Monthly fee
£0
Pay-in
£1,250
Things to do
4
Worth knowing · You must not have held an RBS current account on 6 May 2026, and a previous NatWest Group switch bonus rules you out for good.
Worth knowingYou must not have held an Ulster Bank current account on 26 May 2026, and a previous NatWest Group switch bonus rules you out for good.
Ulster Bank
Select
£200
Switch bonus
Monthly fee
£0
Pay-in
£1,250
Things to do
4
Worth knowing · You must not have held an Ulster Bank current account on 26 May 2026, and a previous NatWest Group switch bonus rules you out for good.
Nationwide
FlexDirect, FlexAccount or FlexPlus
Monthly fee
£0
Pay-in
£1,000
Things to do
5
£175
Switch bonus
Worth knowingAll three accounts qualify, but only FlexDirect and FlexAccount are fee-free. FlexPlus costs £18 a month.
Nationwide
FlexDirect, FlexAccount or FlexPlus
£175
Switch bonus
Monthly fee
£0
Pay-in
£1,000
Things to do
5
Worth knowing · All three accounts qualify, but only FlexDirect and FlexAccount are fee-free. FlexPlus costs £18 a month.
Lloyds
Club lloyds £200 bank switch
Monthly fee
£5
Pay-in
None
Things to do
5
£200
Switch bonus
Worth knowingThe £5 monthly Club Lloyds fee is refunded any month you pay in £2,000 or more. You need to move at least 3 active direct debits, and direct debits set up after you start the switch do not count. You cannot get it if you have taken a switching offer from Lloyds, Halifax or Bank of Scotland since January 2023.
Lloyds
Club lloyds £200 bank switch
£200
Switch bonus
Monthly fee
£5
Pay-in
None
Things to do
5
Worth knowing · The £5 monthly Club Lloyds fee is refunded any month you pay in £2,000 or more. You need to move at least 3 active direct debits, and direct debits set up after you start the switch do not count. You cannot get it if you have taken a switching offer from Lloyds, Halifax or Bank of Scotland since January 2023.
A higher commission never buys a higher position. How we make money →
Switched before?
Most banks pay the bonus once. A previous switch can rule you out years later.
Go deeper
The detail behind each one.
Every offer above has its own page: the bonus, the steps, when it lands and the date we checked it.
Before you decide
Read first
The offers move weekly. What the scheme does, what each bank asks of you and who is not eligible does not.
Switching, without moving everything yourself
Eligible switches run through the Current Account Switch Service. Your payments move with you and the old account closes as part of the switch.
01Apply to the new bank and pick a switch date
02Direct debits, standing orders and your salary move across
03Payments to the old account are redirected, and it closes
04You complete the bank’s requirements, then the bonus is paid
Before you switch
Know what you’re agreeing to.
The bonus is paid once. What you are left with afterwards is the account itself: what it costs to hold, what it pays you, and what it asks of you every month.
Quick answers
Every Friday
Bonuses appear and vanish. We tell you which.
William checks new bonuses, changing requirements and expiring offers every Friday.
Free · One email a week · Unsubscribe anytime