Best Bank Switching Deals
Get Paid to Switch in 2026
Banks pay you real cash just to switch your current account — your direct debits move automatically and it takes just 7 working days. Compare every live offer below.
Live Bank Switching Offers
All offers use the official Current Account Switch Service (CASS) — your direct debits and standing orders move automatically.
Offers are subject to eligibility and may change. Always check the provider's website for the latest terms before switching. MoneyFixUK may earn commission from some links — at no extra cost to you.
How Bank Switching Works
It's simpler than most people think — and 100% protected by the Current Account Switch Guarantee.
Pick an offer and apply online
Choose a deal from the list above and apply directly with the bank. Most applications take under 10 minutes and are done entirely online or in-app.
Tell them you want to switch via CASS
During the application, select the Current Account Switch Service option and provide your old bank account details. Everything moves automatically — you don't need to contact your old bank.
Your switch completes in 7 working days
All direct debits, standing orders and incoming payments redirect to your new account. Any payments accidentally sent to your old account are automatically forwarded for at least 3 years.
Collect your cash bonus
Once you've met the offer conditions (usually within 30–60 days), the cash bonus is paid directly into your new account. No forms, no vouchers — just money.
Am I Eligible to Switch?
Most people qualify — here's what banks typically look for.
✓ New customer
Nearly all switching bonuses are for people who don't already hold a current account with that bank. Having a savings account there usually doesn't disqualify you.
✓ UK resident
You must be a UK resident to open a UK current account and use CASS. You'll need to pass a standard identity check (passport or driving licence).
✓ Active direct debits
Most offers require you to switch at least 2 active direct debits. These could be bills, subscriptions, phone contracts — anything that debits monthly.
✓ Minimum pay-in
Some accounts require a minimum monthly deposit (typically £500–£1,500). A salary payment or regular transfer usually counts — check the specific terms.
Common Questions
Straight answers to what people ask most about bank switching.
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Will my direct debits and standing orders still work? ▼
Yes — the Current Account Switch Service (CASS) moves all your direct debits and standing orders automatically on your chosen switch date. If anything is accidentally sent to your old account, it's forwarded to your new one for at least 3 years. It's fully guaranteed.
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Does switching banks affect my credit score? ▼
Opening a new current account involves a credit check (a hard search), which may temporarily lower your score slightly. However, this is minor and typically recovers within a few months. Closing your old account has a negligible impact on most people's scores.
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Can I switch again to get another bonus? ▼
Yes — as long as you meet the "new customer" criteria for each bank. Many people switch multiple times a year to collect multiple bonuses. Just make sure you wait long enough after switching away from a bank before you'd be eligible to return.
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Is the switching bonus taxable? ▼
HMRC generally treats switching bonuses as interest income, which falls under your Personal Savings Allowance (£500–£1,000 per year depending on your tax band). For most people collecting 1–2 bonuses a year, there's no tax to pay. If in doubt, check with a tax adviser.
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What if I regret switching? ▼
You can switch again to any other bank at any time using CASS. There's no lock-in period for current accounts. If you want to go back to your old bank, simply apply for a new account with them and initiate a switch back — though you likely won't be eligible for a bonus again.
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How long does the switch take? ▼
The switch itself takes 7 working days from your chosen switch date. The application process can be completed in as little as 10 minutes online. Your new account is typically ready to use within a few days of being approved.
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