Some banks run deals and competitions which could earn you cashback or prizes
Whether it’s an offer to get cashback on your spending or the opportunity to win a cash prize for using your debit card, here are some banking deals that are currently available.
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Cashback on spending deals
iFAST: 1.5% cashback on up to £1,500 spent per month
Until 31 December, you can get 1.5% cashback when you pay with your iFAST Multi-Currency Debit Card. You’ll get cashback on the first £1,500 spent, earning you cashback of £22.50.
This time, you can also earn cashback when you use Google Pay and Apple Pay, but any transactions made with other digital wallets will not qualify. You won’t earn cashback on cash withdrawals, balance transfers, fund transfers, fees, charges, interest or gambling, betting, and cryptocurrency-related transactions.
The offer is available to UK residents who hold an iFAST Multi-Currency Current Account.
Trading 212 card: 1.5% cashback
With the Trading 212 card, you can get up to 1.5% cashback on your purchases, up to a maximum of £15 per month.
The rate is boosted from the usual 0.5% cashback, and you have to sign up to auto-invest it into a stock, ETF or Pie of your choice.
This promotion used to have an expiry date, which was extended by a month every month, but there’s no longer mention of an expiry in the T&Cs, so it could end anytime. If you’re not already a Trading 212 customer, you can open a Stocks & Shares ISA via our link and get a free fractional share worth up to £100.
Bank account opening offers
Tide: get £100 when you open a business account
Tide is offering a £100 welcome bonus for new business account customers who join and spend £1,000 within 60 days of account opening. You’ll need to use the promo code BCA100 when signing up or through Account Details.
To get it, you need to sign up for an account between 1 July 2025 and 31 January 2026 and spend at least £1,000 with your Tide card within the first 60 days of the account being open.
Of course, this is a business bank account, not a standard personal account. We have a full review to help you compare it with other business bank accounts.
Up to eight weeks after meeting the eligibility guidelines, you’ll get the cash.
Bank switch deals
We’ve listed the top switching deals on our dedicated page, or you can click the links below for individual analysis of the offers.
Cashback for opening an account
There are cashback payments available from Quidco and TopCashback for a handful of accounts. Some have additional terms and conditions attached, while others only require you to open an account. Amounts can vary, but look out for:
- First Direct 1st account: £30
- Santander Edge: £20
- Santander Everyday: £20
- TSB Spend & Save: £20 to £30
- TSB Spend & Save Plus: £40
You can combine these with any switch deals that are running at the same time, and there are occasional bonuses available on top from the cashback sites.
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- Switch bonus£200
- Offer endsUnknown
- Extra bonus£25 Amazon Gift Card
- FSCS Protected? Yes
- Switch bonus requirements Switch using the Current Account Switch Service and close your old account within 60 days of starting the switch
- Deposit requirements Deposit £1,500 in the first 60 days from opening the account
- Direct debits transferred over Set up two Direct Debits before or after the switch from a selected list of household bills
- Existing customers? Can't have held any Santander current account on 1 January 2025
- Restrictions Can't have received a switching bonus from Santander already, offer limited to once per person
- Eligible accounts Open a new or hold an existing Everyday, Edge, Edge Up or Edge Explorer current account
- £25 Amazon Gift Card requirements To qualify for the gift card, you need to complete a full switch using CASS and make five debit card transactions by 31 December 2025

I opened and closed firstdirect account a couple of months back, can I still be eligible for cashback? has anyone with this scenario earned cashback?
Great deals here, thank you and I have got my family and friends looking at your site now.
Thanks for helping us make every penny work for us