Barclays Premier Current Account
Current account
£600
switching bonus
Penny's take
Strong value for high earners who can sustain the effort. The headline £600 reward is one of the market's largest switch bonuses, and with no monthly fee plus genuinely useful perks — fee-free overseas spending and a free Apple TV subscription — the ongoing account holds its own beyond the bonus period.
The catch is the steep entry bar: you need £75,000 gross income or £100,000 in Barclays savings, and earning the full £600 demands five consecutive months of £5,000 salary deposits plus ten card purchases each month. Those who qualify and can maintain the rhythm will find this excellent; anyone stretching to meet Premier criteria should think carefully.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Open a new sole Barclays Premier Current Account in the Barclays app from 1 October 2026, completing the application within 21 days of starting it. Premier needs £75,000 gross annual income paid in, or £100,000 in Barclays savings or eligible investments (or a mix).
- •Within 30 days of opening, request a full switch from another UK bank or building society using the Current Account Switch Service (CASS). The switch must include at least 3 active Direct Debits.
- •Within the same 30 days, pay a salary of at least £5,000 into the new account to earn the £450 switch reward.
- •To earn up to £150 more, in each of the 5 full months after the switch reward is paid, receive at least £5,000 in salary and make at least 10 eligible debit card purchases. £30 is paid for each month you meet both.
Things to check
- Premier eligibility: £75,000 gross annual income paid into the account, or at least £100,000 in Barclays savings or eligible investments, or a mix of both.
- The £5,000 must be salary or pension paid by Bacs; transfers from your own personal accounts do not count.
- Not eligible if you already had a Barclays current account on or before 1 October 2026, or have had a Barclays switch bonus before.
- Sole accounts only. Existing Barclaycard, mortgage or savings customers must reinstall the app and register as new to Barclays.
- Each £30 needs the salary and 10 card purchases in the same month; cash withdrawals, gambling and transfers do not count.
Account Benefits
No monthly fee
Premier Banking has no monthly account charge, subject to Premier eligibility.
Apple TV included
Activate an Apple TV subscription worth £9.99 a month through the Barclays app at no extra cost.
Fee-free spending abroad
No 2.99% non-sterling fee on purchases and cash withdrawals with the black Premier debit card until 27 September 2027; exchange rates and some cash machine fees may apply.
Premier rates and products
Access exclusive savings and mortgage rates and investment options, subject to each product's terms.
Premier support
Get help from Premier Financial Guides and a dedicated 24/7 UK telephone-banking team.