
Barclays has been around since 1690, making it one of the oldest banks in the world. Today it’s part of the “Big Four” UK high street banks, serving around 20 million personal banking customers with current accounts, savings, mortgages, and investments.
Barclays is authorised by the PRA and regulated by the FCA. Your deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS). They have one of the UK’s largest branch and ATM networks alongside a highly-rated mobile banking app.
This is one of the most generous bank switch bonuses available right now at £200. The criteria are simple: open a Barclays Bank Account via the app, switch at least 2 Direct Debits using CASS, and pay in £2,000 within 30 days.
The main thing to note is the higher deposit requirement. £2,000 versus the typical £1,000 at other bank switches. You get this money back of course, it just needs to hit the account within 30 days. And there are no card transaction requirements, which makes this simpler than most switches.
The bonus is paid within 28 working days of meeting all the conditions. Important: you must open the account through the Barclays app. You can’t do it on desktop.
Before starting a switch, check the existing current account you're switching from:
Plus:
On desktop? Scan QR code on your phone
Done? Tick off each step above to see your total.
Completed the offer? Awesome! Here's our full review on why Barclays could work well for you going forward.
Updated:
If you've never claimed a Barclays switch reward before, there's £200 free cash on the table right now. Move 2 Direct Debits across via CASS and pay in £2,000 within 30 days. Heads up though, Barclays runs a hard credit check, so weigh that up if a mortgage application is coming up.
Customers
20m
UK accounts
Founded
1690
336 years old
App Store
4.8 ★
2.0m reviews
Google Play
4.6 ★
580k reviews
For a switcher, Barclays is currently offering one of the most generous bank switch deals on the market: £200 free cash. The criteria are refreshingly simple compared to most other switches. Move 2 Direct Debits over via CASS, pay in £2,000 within 30 days, and you’re done. No card transaction hoops to jump through, no need to join Blue Rewards, no minimum monthly spend.
The main consideration is the higher pay-in (most switches ask for £1,000). Barclays pays the £200 within 28 working days of you meeting the criteria. There’s also a hard credit check, so if you’ve got a mortgage application coming up in the next few months, weigh that up before applying.
At £200, though, the maths speaks for itself. If you’ve never claimed a Barclays current account switch reward before and you’ve got the £2,000 to park in the account temporarily, this is well worth doing. Outside the switch offer, Barclays is a sensible everyday bank for anyone who likes a mix of strong app and physical branches. Just don’t expect any in-credit interest fireworks.
Barclays Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN 759676). Eligible deposits are protected up to £120,000 per person by the Financial Services Compensation Scheme.