Current Switching Bonuses (UK)
• First Direct: £175 + 7% regular saver
• NatWest: £200 + rewards
• RBS: £200
• Lloyds: £150–£200
• HSBC: £150 + 1% cashback
• Santander: £180 + cashback
• TSB: £100 + cashback
• Virgin Money: wine + rates
How to Switch
1. Open new account (online, 7 days)
2. Use Current Account Switch Service (CASS)
3. All direct debits move automatically
4. Old account closes automatically
5. Payments redirected for 3 years
Pro Tips
• Switch every 6–12 months for bonuses
• Keep old account open if no bonus required
• Some require min monthly pay-in
• Check if bonus is tax-free (usually yes)