How to Get Started with Bank Switching Bonuses
Bank switching bonuses are one of the easiest ways to earn extra money in the UK. Many banks offer between £100-£200 just for switching your current account to them.
What is Bank Switching?
Bank switching is the process of moving your main current account from one bank to another. The Current Account Switch Service (CASS) makes this incredibly easy - your new bank handles everything, including:
- Transferring your balance
- Moving Direct Debits and standing orders
- Redirecting any payments to your old account
How to Qualify for Switching Bonuses
Most banks have similar requirements:
- Pay in a minimum amount - Usually £1,000-£1,500 per month
- Set up Direct Debits - Typically 2-3 active Direct Debits
- Use your debit card - Make a few transactions each month
- Complete the switch - Use the official CASS service
Best Current Offers
Here are some of the best bank switching offers available right now:
- Monzo - Get £10 when you switch (our referral links available!)
- Chase - £20 welcome bonus + 1% cashback
- First Direct - Up to £175 switching bonus
Tips for Maximising Your Earnings
Switch Strategically
You can switch banks multiple times per year. Just make sure you meet all the requirements before switching to the next offer.
Keep Track of Requirements
Set reminders to ensure you're meeting the minimum pay-in amounts and Direct Debit requirements.
Check for Existing Customer Exclusions
Some offers are only for new customers, so read the terms carefully.
