UK bank switching bonuses: CASS rules and July 2026 offers
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Quick answer: The Current Account Switch Service moves your account in seven working days with payment redirection. In July 2026 HSBC pays £220 for switching with two direct debits, £2,000 pay-in and £500 card spend — the highest widely available bonus we track.
Bank switching bonuses are among the fastest legitimate cash boosts in personal finance. Rules are strict — read criteria before you start, and never switch accounts you rely on for benefits without checking payment timing.
Last reviewed:
Read the full banking & current accounts guide →How to switch bank account →Primary source: www.currentaccountswitch.co.uk/the-guarantee
Before you switch
List direct debits and standing orders — they transfer automatically but check student loan, HMRC and benefit payment dates around switch week.
Keep a small buffer in both accounts during the 7-day window in case of timing quirks.
Meeting bonus criteria
Pay-in rules often require a minimum monthly deposit — salary or transfers from another account usually count. Card spend thresholds need genuine purchases, not ATM-only activity.
Common questions
Can I switch twice in a year?
Yes if you meet each bank's new-customer rules — but some offers exclude anyone who held an account with the group in the past 12 months.