Banking deals

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, you’ve got to be in it to win it. Here are some banking deals that are currently available.

Bank account opening offers

Virgin Money: £30 + £5 Amazon Voucher

It looks like Virgin Money is going to become part of Nationwide later this year, which means it’s unlikely we’ll see any new switching deals from them.

Which makes this offer worth considering. You need to apply for a Virgin Money M Plus current account via budgeting app Snoop. If you do this and connect your new account to Snoop you’ll get a £30 Amazon voucher within 30 days.

It’s a pain to find the offer, but if you find a button labelled “Get your latest snoops”, then search for one containing bank switch deals, you’ll then eventually (after lots of scrolling) find the Virgin Money offer.

And if you’re new to Snoop, there’s an offer to get an extra £5 Amazon voucher when you first sign up. You must go via the link below for the offer to track.

To get the £5, once you’ve downloaded the app and signed up you need to connect a bank or credit card account and stay connected until the end of the following month. Do this and the voucher will be sent.

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.

Latest bank switch offers (A-Z)

As of 23/4/24

Click the links for further details and analysis

HSBC Advance & Global Money offer (expired)

There’s up to £260 up for grabs with this opening offer (£205 from HSBC and £55 with TopCashback), though there are a few steps involved. You don’t have to switch an account to HSBC to get this one. We think this deal will end on 6 November 2023, so you’ll have to be quick if you want to take advantage.

You can get £125 when you:

  • Open a new HSBC Advance or Premier Account
  • Deposit £1,500+ within 60 days
  • Make 5+ payments with your HSBC debit card
  • Register and log in to the HSBC mobile banking app
  • Open an HSBC Global Money Account within the app

You can’t have had an HSBC account at any time since 1 October 2018, or opened a First Direct account since the same date.

The money is paid into your Global Money Account within 20 days.

You can then get another £80, plus a chance to win £3,000 if you use your Global Money debit card 5+ times by 21 April 2024.

The money will be paid into your Global Money Account between 1 May 2024 and 8 May 2024 and the prize draw takes place on 29 April 2024. 

There aren’t any requirements to have direct debits or standing orders set up with this account.

You can also currently get £55 in cashback when you open a HSBC Advance account through TopCashback, which brings the total amount to £260.

Plus, if you’re a new TopCashback customer, you can get £15 when you make a purchase of at least £15.

Banking cashback deals

HyperJar: Up to 1.5% cashback (ended)

New users of the HyperJar app can earn up to £200 a month if they sign up before 28 February 2024.

You’ll get 1% back on the first £500 you spend each month, then 1.5% on spending above this, capped at £200 each month.

So if you spend £1,000 a month you’ll get £5 from the first £500 and £7.50 from the second.

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 28 August 2024 so you’ve potentially seven months to earn the cashback. You’ll get your money 30 days after each month. So spend in February and you’ll get the money at the start of April, 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.

Barclays Blue Rewards: 5% cashback offer (expired)

If you’re a Barclays Blue Rewards customer, you can get cashback on your spending until 27 December 2023.

Between 4 October and 27 December, you can earn 5% cashback on your debit card transactions on your Blue Rewards account. You can get up to £10 cashback in each calendar month.

You’ll get the cashback paid monthly into your Barclays Cashback Rewards account when you hit the £10 limit, or on the 5th of each month that you earn less than £10.

You don’t have to opt in to get this offer. To be eligible, you just need to be registered for Barclays Cashback Rewards and have a Visa debit card on your nominated Blue Rewards account.

Our podcast

Listen to Cash Chats, our award-winning podcast, presented by Editor-in-chief Andy Webb.

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Business banking deals

£100 when you open a Tide Business Account (expired)

You can get £100 when you sign up for a free Tide account and spend £500 on it within 90 days of opening your 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. It’s really easy to do, but you do have to wait for a code to come through in the post, though you can start the process of opening an account before it arrives.

You need the code BF100 when you sign up. You could also enter it into the “More” menu or let Tide know with the in-app chat within a week of opening your account.

You’ve got to sign up by 30 November 2023 and spend £500 on your card in the first 90 days to get the reward, which can take six to eight weeks to arrive in your account.

Banking competitions

First Direct: chance to win £300 (expired)

First Direct is offering its current account customers a chance to win one of 1,000 £300 prizes. If you have a current account with First Direct, look out for an email inviting you to take part in the draw. You don’t have to opt in, and to be in for a chance to win you just need to make 30 transactions using your First Direct card between 9 October and 7 November.

There are 1,000 prizes available, and winners will be randomly picked on 15 November 2023.

First Direct also has a switching offer available, which can get you £175 for switching, plus, if you go via Quidco, you can get £40 cashback.

2 thoughts on “Banking deals

  1. 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?

  2. 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

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