Best Current Account Switching Offers (August 2026)

Looking for an easy way to earn some extra cash? 

If you've had the same current account for years, now could be a good time to shop around. Many UK banks are currently offering cash bonuses to new customers who switch their current account using the Current Account Switch Service (CASS). 

Depending on the bank you choose, you could receive up to £220 simply for switching and meeting a few eligibility requirements. 

The good news?

Switching is usually quick and straightforward, won't affect your credit score unless you're applying for an overdraft, and your regular payments are moved across automatically.  

What is the Current Account Switch Service (CASS)? 

Current Account Switch Service (CASS), is a free service making it easy to move your account from one bank to another. 

It transfers your: 

• Balance  

• Direct Debits  

• Standing orders  

• Incoming payments  

Your old account is then closed, usually within 7 working days. 

Better still, the Current Account Switch Guarantee means you're protected if something goes wrong during the switch. 

People often think switching banks will be a hassle. In reality, it's designed to be quick and straightforward. 

Which Bank Has the Best Switching Offer?  

We've compared the latest current account switching offers available this month, including the cash bonus, key eligibility criteria, account fees and application deadlines, to help you find the right deal. 

Bank	Cash bonus	Key requirements	Offer ends
HSBC	£220	Open an eligible HSBC Bank Account  Complete a full switch using CASS  Transfer at least two Direct Debits  Meet the requirements within 60 days	No end date
Barclays	£200	Open a Barclays Current Account  Complete a full switch  Transfer at least two active Direct Debits  Pay in £2,000 within 30 days	27 August 2026
NatWest	£200	Switch to an eligible Select or Reward account  Complete a full CASS switch  Meet account eligibility requirements	No end date
First Direct	£175	Open a 1st Account  Complete a full current account switch  Meet eligibility criteria	No end date
Nationwide	£175	Open a Nationwide current account  Complete a full switch using CASS  Pay in at least £1,000 and make a debit card payment (depending on account type)  Meet eligibility criteria within the offer period	No end date

Offers and eligibility criteria can change or be withdrawn at any time. Information was correct at the time of publication. Please check the provider's website for the latest terms before applying. Always check full terms on the provider’s website before applying. 

Before you switch 

A cash incentive is great, but it's worth checking the small print before applying. 

Ask yourself: 

• Have I received a switching bonus from this bank before? 

• Can I meet the minimum pay-in requirements? 

• Do I already have the required Direct Debits? 

• Are there any monthly account fees? 

The highest cash reward isn't always the best overall account, so compare features, fees and benefits before making your decision. 

Can I get a switching bonus if I've had one before? 

Maybe. 

Many banks exclude customers who've received a switching bonus within the last few years and the timeframe will vary between providers. 

Before applying, check: 

• Have you received a bonus from this bank before?  

• Are you classed as a new customer?  

• Have you met the bank's minimum waiting period? 

Final thoughts 

Current account switching offers can be a simple way to earn a bit of extra money in August, especially if you're already considering changing banks. 

Just make sure the account works for your everyday needs as well as the bonus on offer. 

Stay updated 

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