No, you can only have one active switch at a time through the official switching service. You need to wait for each switch to complete (usually 7 to 10 working days) before starting the next one. This is why we recommend following a planned order.
1Watch or read the explainer
2Set up your spare current account
Your Offers
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Best First Offer
This is the best first offer based on a low pay-in amount and how soon you receive the cash.
Nationwide 30 mins
£175
Pay In: £1,000 multiple transfers allowedCash Received: 10 days
Next Best Offers
These are ordered based on the combination of time to receive the cash, pay in required and free cash received.
First Direct 30 mins
£200
Pay In: £1,000 multiple transfers allowedCash Received: By 20th next month
NatWest 27 mins
£200
Pay In: £1,250 multiple transfers allowedCash Received: 30 days
Santander 41 mins
£260
Pay In: £1,500 multiple transfers allowedCash Received: 60 to 90 daysStart switch by: 7th October 2026
Other Group Offers
Some banks belong to the same group and only pay one switch bonus between them. These are the ones we are not leading with, and why.
First Direct and HSBC share a banking licence, so taking one rules out the other. We lead with First Direct. HSBC pays a bit more, but it needs double the pay-in and £500 of card spending.
HSBC 27 mins
£220
Pay In: £2,000 multiple transfers allowedCash Received: 60 days
NatWest and RBS are running the same offer, and the switch bonus is once per person across the whole group, which also includes Ulster Bank. Pick whichever suits you best. We lead with NatWest above.
Royal Bank of Scotland 27 mins
£200
Pay In: £1,250Cash Received: 30 days
High Earner Offers
These offers require a higher salary or income to qualify, but pay much bigger bonuses.
HSBC 22 mins
£500
Pay In: £0Cash Received: 70 days
Common Questions
A spare account is a basic current account you keep as a "landing pad" between switches. When you switch away from Bank B to Bank C, your spare account receives your salary and direct debits temporarily. Read our spare account setup guide for more details.
Most switching bonuses require you to be a new customer or not have held an account in the past few years. Check each offer's terms carefully. If you already have an account, you may need to skip that offer or wait until you become eligible again.
Yes. Once you've received your switching bonus and kept the account open for the minimum time required, you're free to close it. Most banks have no minimum period, but check the offer terms. You'll want to keep at least one account open as your spare account for future switches.
Offers do change. We check daily, but if you spot something off, give us a shout. If an offer disappears while you're doing it, you should still get your bonus as long as you met the requirements.
Each offer has different payout times, shown in the "Free Cash" column. Some pay within days, others can take weeks or months. Bank switching bonuses typically take 7 to 30 days. Investment bonuses may take longer as they often require you to keep funds deposited.