Danske Reward
Switching bonus from Danske Bank
Bonus
£200
Penny's take
Solid bonus for Northern Ireland residents willing to switch fully. The £200 upfront is competitive, and the ongoing £5 monthly reward more than offsets the £2 monthly fee, making the account genuinely worthwhile beyond the switch incentive. The prize draw and fee-free overseas card use add modest extra value for regular travellers.
The biggest catch is geography: Danske Bank typically requires Northern Ireland residency, making this irrelevant for most UK applicants. You must also complete a full CASS switch, closing your old account — meaningful commitment for a medium-effort process with no published deadline.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Open a new Danske Reward current account as a new Danske Bank personal current account customer.
- •Within 60 days of opening, complete a full switch using the Current Account Switch Service (CASS).
- •Within the same 60 days, pay in £1,000 — this can be in several payments, and any balance switched across from your old account counts.
- •Within the same 60 days, register for and start using Danske online banking, and set up 2 active Direct Debits.
Things to check
- Danske Reward costs £2 a month.
- Danske Bank is a Northern Ireland bank: new customers generally need to be resident in Northern Ireland to open an account.
- Not eligible if you held a Danske current account on 7 September 2026, even if you close it and open a new one.
- Not eligible if you have received a Danske Bank account opening offer before.
- A full CASS switch closes your old account.
- Offer can be withdrawn at any time; no end date published.
Account Benefits
£5 monthly reward
£5 monthly reward when account conditions are met, against a £2 monthly fee.
No debit card fees abroad
No Danske fees for using your debit card abroad.
Monthly prize draw
Entry into Danske's monthly £1,000 prize draw once registered and monthly criteria are met.