The latest news to help you get the most from your bank account.
Here’s my monthly update sharing changes for leading UK current accounts, as well as some of the relevant articles you might have missed on the site.
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March current account offers
New bank switching deals
A handful of new switch deals have dropped since my last update. You can get more details on each one via the links to our detailed analysis.
Lloyds returned with a massive £500 switch deal for Premier current account, and a lower £200 for Club Lloyds accounts. You’ve until the end of April to claim this.
Last month Barclays launched a £400 switch for Premier customers, and they’ve now added on a £200 Barclays plus Blue Rewards offer. This one ends 28 May 2026.
Ending bank switching deals
Those living in Northern Ireland have until 22 March to get £200 for switching to Danske Bank. New customers need to open a Reward, Choice or Freedom current account. Then to get the cash, within 60 days they need to switch, pay in £1,000, register for online banking and set up two direct debits (they don’t have to be moved from your old bank in this instance). Previous switchers won’t get the money again.
Sadly, the Nationwide and Co-op offers have now finished.
Ongoing bank switching deals
And don’t forget these long standing ones which are still available.
Elsewhere, Santander £200 switch offer is still going, though without the extra £25 offer. The account also offers 1% cashback on bills and 6% interest on savings as extras.
First Direct’s switching offer is also still available for £175. Don’t forget you can access a 7% regular saver with this bank. There’s also £45 available if you go via TopCashback.
Natwest continues to offer £150 for switching, and also access to a bonus rate on the digital regular saver letting you earn 7% for a year.
Featured switching deal
Our top pick
Customer rating
3.8/5
- Switch bonus£200
- Offer endsUnknown
- FSCS Protected? Yes
- 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
March’s current account news
Chase dummy account warning
Chase Bank has messaged some customers using additional current accounts with them as dummy accounts. This is where the account is opened, then switched away to another bank in order to take advantage of switching deals.
I’ve done this myself a handful of times, including when I took advantage of a Lloyds switch last month, and didn’t get a warning this time around. However, it feels like this is something the bank could well start enforcing.
If Chase does decide to close your account, the rules at the moment are you won’t ever be able to open up another one. Though its cashback and savings rates can be beaten elsewhere right now, that might not always be the case, so I’d be very careful doing anything now that could risk losing access.
So what should you be using as a “Dummy” account instead? You could try an additional account at a bank you’re already a current account customer with, as that might mean there’s no hard check on your credit file – though there’s no guarantee.
Otherwise I’d go for one you don’t think you can benefit from. Perhaps it’s one you’ve already had a recent switching deal from, and one that doesn’t have a good reason to keep hold of it, such as rewards or high paying savings.
I think it’s worth getting one set up now, ready for future bank switch offers just so you can space out potential credit checks. I’ve explained more in our guide to dummy accounts.
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Plus, new Quidco customers get a high paying £18 welcome offer
Revolut finally gets its FCA licence
It’s taken almost five years, but the Financial Conduct Authority has finally given Revolut a full banking licence.
If you have an account with Revolut, conversion to a full current account will gradually roll out over the next few weeks. You’ll get two months notice of the change, but you won’t need to do anything – it’ll move automatically. Account details won’t change, nor will any extras bundled with certain accounts, such as insurance.
The most immediate impact is up to £120,000 of money held with the bank will be protected by the FSCS, which is good news. Otherwise not much will change yet.
I’d expect some aggressive marketing to grow their customer base, and we could see some changes to their joining offers. These have previously been referral offers with the money only going to the existing customers, but there’s the chance they’ll launch bank switching deals or other incentives.
But the bigger changes will come later. Revolut will be able to start offering credit, whether loans, BNPL, cards or even mortgages.
If you thinking of applying for a Revolut account, it’s worth waiting a little bit as applications right now could still be for the existing e-money accounts.
Our top current accounts for March 2026
I always think it’s worth having more than one current account (find out why here) and here’s my run-down of the top accounts to have this month.
