Barclays is currently promoting a £175 incentive for new customers who choose to switch their current account using the bank’s official mobile app. The offer is tied to a series of conditions and deadlines, all of which must be met in full to qualify for the payment.
According to information reported by GloucestershireLive, the bonus is part of a broader strategy to encourage account switching through the Current Account Switch Service. The campaign is scheduled to remain available until 28 August 2025. Barclays has stated that it may withdraw, change, or replace the offer at any time without prior notice.
Who Is Eligible for the £175 Switching Bonus?
This offer is available to UK residents aged 18 and over who are new to Barclays and have not held a Barclays current account since before 15 July 2025. Customers are not eligible if they have previously received a Barclays switch offer, if they open a joint account, or if they reside outside the UK.
Applicants must open either a Barclays Bank Account or a Premier Current Account as a sole account. The process must be completed entirely via the Barclays mobile app, and this is the only accepted method for eligibility. The Premier Current Account does not require extra features, but the Barclays Bank Account requires enrolment in Blue Rewards, which carries a £5 monthly fee.
How to Qualify for the Payment
The bank specifies that
You need to follow these steps by 28 August 2025.
This means all the requirements must be initiated by that date and completed within 30 days of the account’s opening.
To qualify, customers must open a sole account using the Barclays app and, if selecting the Barclays Bank Account, also register for Blue Rewards. They must complete a full switch through the Current Account Switch Service using the app, transfer at least two active Direct Debits as part of the switch, and deposit a minimum of £1,500 into the new account within 31 days of opening. A partial switch does not meet the eligibility criteria, and the old account must be closed as part of the full process.
How and When the £175 Is Paid
Once all eligibility criteria have been met, Barclays will credit £175 into the new account within 28 days. The bank emphasises that the account must still be open at the time the payment is made.
The bonus will appear on your bank statement with the specific two-word label: Switch Reward. Only one payment is allowed per individual, regardless of how many accounts are opened.
Switching Process and Timeline
As explained on the Barclays website:
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.
The Current Account Switch Service takes seven working days and is backed by the Current Account Switch Guarantee, offering protection in the event of any issues during the transition. Barclays handles the redirection of any incoming or outgoing funds during this period, ensuring continuity.
Switching With an Overdraft or Non-matching Details
Customers who have an overdraft on their old account must either repay the overdraft before switching, or apply for an overdraft with Barclays on the new account that is sufficient to clear the previous balance. In both cases, the amount to be transferred to cover the overdraft must be confirmed before the sixth working day of the switch.
Barclays warns that if the personal information on the new account does not match that of the old bank, the switch will be rejected. Users are advised to update outdated information before initiating the process. If rejected, a new application may be submitted after resolving discrepancies.
Important Notes and Risks
Advice on the Barclays website cautions:
We may choose to withdraw, amend or replace this offer at any time.
This highlights the importance of acting quickly, even before the official August deadline. Applications remain open for now, but early completion is recommended due to the possibility of early withdrawal.
With this promotion, Barclays joins several major UK banks offering financial incentives to attract switchers, positioning itself as a competitive option in the current account market.
