Urgent announcement: Earn £180 by changing your bank account, opportunity ends soon
In the realm of banking, July 2025 presents an exciting opportunity for customers looking to switch accounts. Several financial institutions are offering enticing incentives to attract new customers. Here's a rundown of the current account switching offers available this month.
Santander leads the pack with a generous offer of £180 for eligible customers who switch to a Santander Everyday, Edge, or Edge Up account through the Current Account Switching Service (Cass). To qualify, customers must pay in at least £1,500 within 60 days and set up at least two active direct debits. The Santander Edge Credit Card also offers 1% cashback on all purchases, capped at £10 a month, without the need to open a Santander current account.
Lloyds Bank is another contender with a £185 bonus for opening a Club Lloyds account, which comes with a £5 monthly fee and a requirement to fund the account with £1,500. First Direct, another Lloyds Group brand, is offering £175 to new customers who move their current account to its First Account.
TSB is offering a total of £190, including a £100 switch bonus and £90 cashback, to customers who use the Current Account Switch Service and meet transaction requirements. Barclays is providing a £175 cash bonus for customers who open a Barclays Bank or Premier Current Account via the app, join Blue Rewards, switch at least two direct debits, and deposit a minimum of £1,500 within 30 days.
NatWest offers up to £175 (£125 for switching to the Reward Account plus £50 for opening a Digital Regular Saver) for customers who switch via the Current Account Switch Service, pay in £1,250, and log into the app within 60 days. However, this offer excludes switching from RBS or Ulster Bank.
First Direct, although a part of the Lloyds Group, also offers £175 for switching, with terms similar to Lloyds. The Co-operative Bank, while not offering a cash bonus, provides three months of free insurance perks to new and upgrading customers.
These offers typically require using the Current Account Switch Service, setting up direct debits, fulfilling deposit minimums, and meeting usage criteria such as using the debit card or logging into mobile banking. The cash bonuses range from around £175 to £190, with some banks layering cashback or additional perks such as Expedia vouchers or lifestyle benefits alongside the switching incentive.
In summary, beyond Santander (£180) and Lloyds (£185), TSB (£190), Barclays (£175), NatWest (£175), First Direct (£175), and Co-operative Bank (non-cash benefits) all have current switching offers available this July 2025. Remember, terms and conditions apply on all offers. Affiliate links may earn a commission if a product is taken out. Eligible customers can earn up to £120 a year in cashback.
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- In the world of personal-finance, investing strategies for July 2025 may include considering account-switching offers in the banking-and-insurance industry, as several financial institutions offer attractive incentives, such as Santander's £180 for eligible customers who switch to a Santander Everyday, Edge, or Edge Up account.
- For individuals looking to grow their savings, exploring the financing side of the industry during this month could yield benefits, such as the £190 total offer from TSB, which includes a £100 switch bonus and £90 cashback, or Barclays' £175 cash bonus for those opening a Barclays Bank or Premier Current Account via the app.
- Beyond cash incentives, some banking institutions, like the Co-operative Bank, provide personalized perks, such as three months of free insurance, as part of their account-switching offers, offering an alternative avenue for customers prioritizing long-term savings and insurance needs in their financial planning.
