Banking deals

Bank switch deals

We’ve listed the top switching deals on a dedicated page, or you can click the links below for individual analysis of the offers.

Co-op Bank Everyday Extra: fee free for three months

If you open a new packaged account from Co-op Bank, you’ll avoid the £15 monthly fee for the first three months. That means you won’t pay for travel insurance, mobile phone cover and breakdown cover.

You’ll have to pay the fee, but it’ll be refunded each month, up to a maximum of £45. You don’t have to keep the account after this date, but if you do, bear in mind that you will be charged.

Ends 4 November 2024.

You can combine this with the up to £150 bank switch offer too.

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: Not currently available
• 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.

Barclays: 1% cashback on spending

If you have Barclays Blue Rewards on your account (this costs £5 a month) or have a Barclays Premier account you can get 1% back on spending from 4 September to 30 November 2024.

There’s a maximum of £5 in cashback each month, meaning it’s only paid on the first £500 you spend. The money will be paid into your Barclays Cashback Rewards account (which is set up in the app for you when you register for the offer) when you hit £5, or on the 5th of the following month if it’s less. You’ll need to manually move that money to your current account or savings account to use it.

Excluded transactions are:

• ATM cash withdrawals
• All bill payments including direct debits, standing orders and store bill payments
• Currency or traveller’s cheques
• Cash transactions such as money orders or wire transfers
• Gambling transactions (including a payment to a merchant we identify as being in the business of gambling, even if not for a bet)
• Barclays interest, fees or charges
• Transactions made outside of the UK (including transactions made in the UK which are processed outside of the UK).

Considering you can get 1% on up to £1,500 spend via Chase, or more via the Amex Nectar credit card, this is really only for those who are dedicated to sticking with Barclays and Blue Rewards.

Club Lloyds: prize draw

To celebrate 10 years of the Club Lloyds account, account holders will be entered into a draw to win one of 60 prizes:

• Cash prizes of £10,000 (x10)
• Trips to New York (x10)
• Annual Family Merlin Passes (x10)
• £1,000 gift cards for Good House Keeping Holidays (x10)
• Digital gift cards each for £1,000 (x10)
• Private cinema screenings for up to 50 people (x10)

You’ll need to have a Club Lloyds account (of any kind) open on 30 September 2024.

You’ll get an additional entry if you have £1 or more saved in any of these savings accounts:

• Club Lloyds Advantage ISA Saver
• Club Lloyds Advantage Saver
• Club Lloyds Saver
• Club Lloyds Monthly Saver

The draw takes place in October, though you don’t seem to need to have the account open then.

Though it’s not massively exciting, and chances of winning are low, it might be a reason to keep the account open until the end of September.

There’s also a £200 switching offer running until 10 Novemver 2024, and you can pick up a “lifestyle benefit” such as free cinema tickets or Disney+.

Tide: £200 when you open a business and savings account (ended)

There are two parts to this offer. You can get £100 when you sign up for a free Tide account and fund it with £100, which must stay there until 23:59 on 8 October 2024.

Then if you add £1,000 to a new Tide Instant Saver account in the app, and leave it there until the same date in October, there’s another £100 available.

To qualify for the offer you’ll also need to enter the code GET200 when you apply or within a week or opening the account.

You must be a new customer and you’ll have to be a sole trader or partner or have a limited company to be able to open a Tide business bank account. Full terms and conditions.

You’ve got to sign up by 8 September 2024. It can take six to eight weeks for the rewards to arrive in your account.

HyperJar: Up to 2% cashback (ended)

New users of the HyperJar app can earn up to £200 a month if they sign up before 21 June 2024.

You’ll get 1% back on spend with the physical debit card, and 2% on payments via Apple Pay or Google Pay, capped at £200 each month.

So if you spend £500 a month with your card you’ll get £5, and another £10 if you spend a further £500 via your phone’s wallet.

Most of your spending will count, but there are some exclusions, including paying off credit cards, Council Tax, utilities, gambling and tax bills. Also excluded are buying gift cards via HyperJar.

The cashback will last until 31 October 2024 so you’ve potentially got six months to earn the cashback. You’ll get your money 30 days after each month ends. So spend in May and you’ll get the money on 30 June and so on.

The HyperJar account is free so it won’t cost you anything to spend via the debit card.

You cannot be a current or previous customer of HyperJar to get the offer. Full terms and conditions here.