Bank Account
Switching bonus from Barclays
Bonus
£200
Penny's take
Solid free-account bonus for organised switchers. Barclays is offering £200 with no monthly fee to offset, making the reward pure gain - good value if you can meet the conditions. The Travel Wallet (fee-free euro and dollar spending) adds genuine everyday utility, particularly for frequent travellers.
The main catch is the £2,000 deposit requirement alongside a full switch, both completed within 30 days. That funding hurdle rules out anyone without a lump sum ready to move, but straightforward enough for most employed switchers with a payday lined up.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Use the Barclays app to open a sole Barclays Bank Account.
- •Initiate a full switch (including two active direct debits) by 27 August 2026.
- •Complete the switch & deposit £2,000, all within 30 days.
Account Benefits
No monthly fee
Use the Barclays Bank Account without paying a monthly account charge.
Travel Wallet
Hold euros or US dollars in the app and spend them with your debit card without Barclays transaction fees; exchange rates and terms apply.
Money-management tools
Track spending, receive instant notifications and manage card controls in the app or Online Banking.