Plus find out how often each bank runs a switch offer.
In recent years, there have been 8 banks regularly running switch offers:
Let's now see the offers and calendar months by bank:
There has never been a month with nothing running at all, so a quiet month is not a reason to wait if something suits you now.
Premier accounts have income or balance requirements, so for most people the work is in qualifying for Premier rather than in the switch itself.
HSBC Group, covering HSBC and First Direct, which has an offer running for most of the year. Because the two brands share one bonus, you can only ever take one of them.
No. None of the three runs a cash switching offer, despite all being signed up to the Current Account Switch Service. That makes them useful spare accounts to switch away from.
Both run switch offers, but they are regional so most people cannot open them. Danske Bank requires new personal current account customers to live in Northern Ireland. Allied Irish Bank is also restricted. They are left out of the table above for that reason, not because their offers are poor.
October, followed by November. Those are the months with the most offers actually running, and January is usually the quietest.
Normally no. Lloyds and NatWest block you once you have received a bonus from any brand they own. HSBC Group goes further and blocks you for having opened an account at all.
It depends when you opened it. First Direct excludes anyone who opened an HSBC current account on or after 1 January 2018. If yours predates that, you can still qualify even if the account is still open.
