From MoneyWeek · · 1m 30s
Barclays Switching Bonus Details
Barclays offers up to £600 switching bonus for eligible customers.
In brief
Barclays offers up to £600 switching bonus for eligible customers. Barclays provides up to £600 switching bonus for Premier account holders meeting income or savings requirements. Originally reported by MoneyWeek.
Barclays Switching Bonus
Barclays offers up to £600 switching bonus for customers who switch to a Premier account.
Premier Account Requirements
To qualify for the full £600, customers must earn £75,000 annually or have £100,000 in eligible savings or investments.
Switching Steps for £600
Complete a full switch using Current Account Switch Service, move at least three direct debits, and pay in at least £5,000 within 30 days.
Monthly Rewards
Premier customers receive £30 monthly for five months after making at least 10 eligible debit card transactions per month.
Barclays £300 Offer
Barclays provides up to £300 switching bonus for customers who switch to a standard Barclays Bank Account.
£300 Eligibility
To qualify for £300, customers must open a Barclays account via app, complete a full switch, move at least two direct debits, and deposit £2,000.
Comparison with Other Banks
Barclays Premier offers £600 switching bonus versus HSBC Premier's £500 and NatWest Premier's £500.
Current Account Switching
Barclays offers £300 switching bonus for current accounts compared to Santander's £240 and Club Lloyds' £200.
Eligibility Rules
Customers cannot switch to First Direct's £175 bonus if they bank with HSBC, as First Direct is a division of HSBC.
The one thing
Barclays provides up to £600 switching bonus for Premier account holders meeting income or savings requirements.
