You need to complete several steps to get the bonus cash from Barclays
Savers need to act soon to get a £175 bonus payment from Barclays. The bank is currently offering the free cash when you switch to an account with them.
The offer is open to new customers switching to either a Barclays Bank Account or a Premier Current Account. The rules explain there are several actions you need to complete, with the warning: “You need to follow these steps by 28 August 2025.”
The first step is to open one of the two accounts as a sole account, in the Barclays app. If you go for the Barclays Bank Account, you will also need to sign up for Blue Rewards, which costs £5 a month.
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You then need to complete a full switch in the Barclays app, using the Current Account Switch Service, and you will need to bring over at least two direct debits as part of the switch. The final step is you need to pay in at least £1,500 into the new account, within 31 days of opening it.
You need to start the full switch by August 28, and this needs to be completed within 30 days of opening the account. Although customers still have some time left to get in their application, it may pay to act sooner rather than later. Guidance on the Barclays website warns: “We may choose to withdraw, amend or replace this offer at any time.”
When will I receive my Barclays £175 switch offer payment?
You will receive the £175 bonus into your new account, within 28 days of you meeting all the eligibility rules. To get the bonus payment, your new eligible account will need to remain still be open at the time this is paid.
The payment will appear on your statement as ‘Switch Reward’. You can only get one switch payment per person. You will not be eligible if you opened a Barclays current account before July 15, 2025, or if you have received a Barclays switch offer in the past.
You also won’t qualify if you open a joint account, if you live outside the UK or if you are under the age of 18. A benefit of using the Current Account Switch Service is that all your regular payments will be switching to your new account.
The Barclays website explains: “We transfer all your regular incoming and outgoing payments (like your salary and Direct Debits) to your new Barclays account. We’ll also set up a payment redirection for any credits or debits from your old account, for a minimum of three years.”