Barclays bank offers £175 free cash for new customers but not for long - check if you can claim

The switching deal comes to an end on August 30

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Temie Laleye

By Temie Laleye


Published: 26/08/2024

- 15:39

The switching deal comes to an end on August 30

Those who use the Barclays app to switch their current account to them can get a free £175 - but not for long.

This offer is only open to new customers who opened a Barclays Bank Account or Premier Current Account between July 8 and August 30, 2024.


The sign-up bonus is promised to be paid within 28 days as long as customers follow a four-step process.

1. To be eligible, customers need to open a sole Barclays Bank Account or a sole Premier Current Account.

All other accounts are excluded from this offer, including their basic bank account.

2. To open a Barclays Bank Account, people will also need to sign up to Blue Rewards in the Barclays app.

Woman looking happy at laptopTSB is offering new customers the chance to earn triple cashbackGETTY

With Blue Rewards, customers can get Apple TV+ and MLS Season Pass subscriptions, they can earn up to 15 per cent cashback with participating retailers and get up to five per cent interest on their savings with a Rainy Day Saver.

3. To complete a full switch, customers must use the Current Account Switch Service in their app to move their current account with another participating bank or building society to them.

The switch must include at least two active Direct Debits, and start by August 30.

4. At least £800 must be paid into the new Barclays account by August 30.

Those who already have opened a Barclays current account are ineligible for the offer.

For the full terms and conditions, Britons are encouraged to read through the terms and conditions.

Barclays is not the only bank offering free cash to switch.

TSB has their own incentive - but Britons are warned the deadline to secure the cash is looming.

Savers can get £100 for switching, then earn £15 cashback each month for six months.

This is triple the cashback normally available.

Customers who keep the account until April 2025, will also benefit from a choice of three gifts.

Customers must also make 20 debit card payments in March 2025 to choose their treat in April 2025.

This includes a choice of:

  • A night away for two at a wide range of hotels, including Mercure
  • 2 ODEON cinema tickets each month for 3 months
  • NOW Entertainment Membership for 6 months

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