Barclays providing prospects as much as £900 to change – however it's worthwhile to be fast

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Your help makes all of the distinction. Learn extra Barclays has launched a brand new money change supply which implies some prospects may obtain whole bonuses of as much as £900 in the event that they change each their present account and their Isa financial savings.

On Tuesday, the financial institution launched a brand new present account supply, with a £200 money reward for brand spanking new prospects switching to its checking account with blue rewards, and £400 money for brand spanking new prospects switching to a premier account.

The supply applies to switches made between 7 October and 27 November. To qualify, prospects should open a Barclays present account or premier present account utilizing the Barclays app.

It means Barclays have joined the battle between excessive avenue banks to draw new prospects, which has already seen a number of supply vital sums or different perks.

Lloyds are the financial institution providing the largest preliminary change supply of £200, with extra perks on high, whereas the likes of Natwest, first direct and Nationwide all have £175 choices.

TSB, Danske Financial institution and Co-Op Financial institution all have choices too, starting from £100 to £180 initially, with some providing extra money for staying longer afterwards.

Whereas most customers could profit from altering who their present account is held with, consultants have urged them to look past the headline figures to make sure what the brand new financial institution or constructing society provides matches their wants.

For instance, solely a smaller variety of individuals would have the ability to get the total £900 from Barclays, given the utmost £500 for an Isa change requires at the least £100,000 within the account.

Nevertheless, many present accounts may include a a lot greater rate of interest - round 7 per cent for a number of - for financial savings accounts which might solely be accessed when you financial institution with that model.

Get a free fractional share price as much as £100.Capital in danger.

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Different rewards or components may be helpful for some individuals, whether or not it’s cashback on payments, free subscriptions or close by bodily branches.

Clients opening a present account with Barclays for the change supply would want to enroll to the blue rewards scheme for £5 a month. The scheme provides prospects perks comparable to cashback on spending, enhanced financial savings charges and an Apple TV+ subscription.

They need to additionally full a “full change” within the app, together with at the least two lively direct debits.

<img src="https://static.independent.co.uk/2025/10/07/08/e8110a7fc47955532945524157264158Y29udGVudHNlYXJjaGFwaSwxNzU5ODQ0NjE4-2.79996644.jpg" srcset="https://static.independent.co.uk/2025/10/07/08/e8110a7fc47955532945524157264158Y29udGVudHNlYXJjaGFwaSwxNzU5ODQ0NjE4-2.79996644.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/10/07/08/e8110a7fc47955532945524157264158Y29udGVudHNlYXJjaGFwaSwxNzU5ODQ0NjE4-2.79996644.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Customers will need to meet certain qualifying criteria to receive the Barclays cash offers (Mike Egerton/PA)" class="sc-1mc30lb-0 ggpMaE"/> Clients might want to meet sure qualifying standards to obtain the Barclays money provides (Mike Egerton/PA) (PA Wire) They need to pay at the least £2,000 into their new Barclays present account or £4,000 into a brand new premier present account inside 30 days of opening to get the money bonus. The change should be accomplished via the Present Account Change Service (Cass).

Clients will obtain their £200 or £400 switching bonus inside 28 days of assembly the eligibility standards, paid into their account.

To qualify for premier banking, prospects must pay in a gross annual earnings of at the least £75,000 or have a complete stability of at the least £100,000 in financial savings with Barclays in eligible investments, or a mixture of each.

Those that is not going to be eligible for the present account change money supply embrace prospects who've an open present account with Barclays on or earlier than the supply begins on October 7; prospects who've taken up a switching supply from Barclays prior to now; prospects opening a joint account; under-18s; and prospects dwelling exterior the UK.

On high of the present account supply, prospects who make the change from October 7 could qualify for added money bonuses by switching their Isa financial savings.

The Isa money reward is as much as £500 per buyer. This implies somebody taking full benefit of the Barclays provides may obtain £900 in rewards.

To get an Isa switch reward underneath Barclays’ supply, somebody would want to already maintain or open a Barclays present account after which use the Isa transfer-in service to maneuver a minimal of £25,000 to one in all Barclays’ money Isa merchandise.

The reward prospects obtain will probably be primarily based on how a lot is transferred.

Clients transferring £25,000 to £49,999.99, will obtain £100; these transferring £50,000 to £99,999.99 can get £200 and people transferring £100,000-plus will obtain £500.

The steps should be accomplished by November 28 to obtain the Isa reward.

To make use of Barclays’ Isa switch service, prospects can choose the “transfer-in an current Isa” choice within the app or on-line banking, or they will go to a department.

The reward cost will probably be paid to the shopper’s Barclays present account inside 60 enterprise days after the completion of their final eligible switch or 60 enterprise days after November 28, whichever is sooner, the financial institution mentioned.