Banks often pay money when you change your bank account. Below we have rounded up the offers currently available. For these you will need to close and move over your old bank account to your new one using the Current Account Switch Service (CASS). For more details, head over to our bank switch offers guide.
Deal
£175 bonus for a current account switch with first direct
£175 bonus when you complete a full switch to a first direct 1st account. T&Cs apply.
£200 switch bonus for a current account switch to Lloyds
£200 switch bonus for a current account switch to Lloyds. Switch 3 or more active direct debits using the Current Account Switching Service. T&Cs apply.
We’ve rounded up sign-up bonuses from a range of providers, offering a variety of services including prepaid children’s cards to in-app money management. It includes popular promo codes and deals from providers such as Revolut & GoHenry.
Banking sign-up bonuses
Dealexclusive
Get a sign-up bonus of £20 when you open a new Revolut account
Minimum spend of £20 to receive the welcome offer. T&Cs apply.
Earn a bonus of up to £50 on your savings with Chip
Use code FINDER5K for a £10 bonus on deposits over £5,000, FINDER10K for a £30 bonus on deposits over £10,000, FINDER15K for a £40 bonus on deposits over £15,000 or FINDER20K for a £50 bonus on deposits over £20,000. T&Cs apply.
Once the referee makes a spending transaction, you'll both receive £5. You'll earn another £5 once they've spent £500 with their Monese card or sent £500 internationally. T&Cs apply.
Get £10 off your first transfer with Skrill when you refer a friend
Verified Today
Get £10 off your first transfer with Skrill when you refer a friend. Your friend must complete a transfer of £100 or more to be eligible for the referral credit. T&Cs apply.
Get £10 when you refer a friend to Western Union by sharing your unique referral link. You and your friend must complete an international online transfer of at least £50. T&Cs apply.
Free £30 when your friend signs up and completes a payment of £5 minimum. The friend must also sign up using your unique referral link. Refer up to 20 friends. T&Cs apply.
Refer a friend and you'll both get a £100 Amazon.co.uk gift card with AJ Bell Dodl
Verified Today
Refer a friend and you'll both get a £100 Amazon.co.uk gift card with AJ Bell once the friend has opened a SIPP, ISA, or Lifetime ISA with a minimum combined value of £10,000 or more within 120 days. T&Cs apply.
You'll receive a £100 Amazon.co.uk gift card when you sign up to Fidelity
Verified Today
You'll receive a £100 Amazon.co.uk gift card when you open a new Stocks and Shares ISA account with Fidelity with an initial lump sum of £5000 or more. T&Cs apply.
Banks and banking apps want you as a customer. In a competitive market, one way to stand out is to offer bonuses and rewards to encourage you to open an account.
The Current Account Switching Service has made it easier to switch your current accounts. So it’s worth keeping an eye on what’s available and what you can take advantage of.
Can an offer or a reward affect my credit score?
There’s typically no impact on your credit score just from accepting a sign-up bonus or earning rewards using your account.
However, if you’ve switched current accounts to secure the offer or reward, this can affect your credit score. But only temporarily.
When you open a new account, banks tend to do a “hard” credit search, which will show on your credit file. This will reduce your credit score very slightly, but the effect is short-lived.
Bottom line
If you’re looking to earn a little cash or are just interested in changing current accounts, it’s worthwhile to look at the best banking offers available. Whether it’s an initial influx of cash you are after or ongoing rewards, there’s something for everyone. But as well as considering what offer to take advantage of, make sure the current account you’re switching to has the right features, tools and banking options for you.
Frequently asked questions
You can switch a joint account to another joint account as long as the other person agrees. You can also switch from a single account to a joint account, but not the other way around.
Yes, lots! If you’re in the market for a student account, you’ll find lots of big names offering accounts packed with rewards, including free railcards, vouchers, generous overdraft terms and cash incentives.
Beyond cash switching incentives, there are other rewards on offer. Some banks offer a welcome cash deal just for opening an account. Others have a high interest rate on credit balances or linked savings accounts. You’ll also find cashback deals available and ongoing monthly reward programmes.
Banking scores
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio
Kate's expertise
Kate has written 177 Finder guides across topics including:
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finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.