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The Independent UK
The Independent UK
Business
Simon English

Barclays becomes latest bank to offer new customers £200 to switch

Barclays is offering £200 to new customers who switch their existing current accounts away from their current bank, becoming the latest high street bank to issue cash incentives.

To qualify, customers have to open a Barclays current account using the app, then there is the the option to sign up for the bank’s Blue Rewards scheme for £5 a month. They then need to complete a full switch in the app using the free Current Account Switch Service, including at least two active direct debits, and pay at least £2,000 into the new account within 30 days of opening.

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