Best Bank Account Switching Deals for July 2025: Get Up to £175 Free Cash

With banks competing fiercely for new customers, July 2025 brings some of the most generous current account switching bonuses we’ve seen this year. Barclays has just launched a market-leading £175 incentive – but is it the right deal for you? We analyze all the top offers and what you need to know before switching.

Current Top Switching Bonuses (July 2025)
Barclays: £175 (New July offer)

NatWest/RBS: £200 (Existing customers only)

First Direct: £175 (Includes 7% regular saver)

HSBC: £160 (Plus £20 monthly cashback option)

Lloyds: £150 (With Club Lloyds benefits)

Source: MoneySavingExpert’s switching guide

Barclays £175 Switch Offer: Full Details
Available on:

Barclays Bank Account (standard)

Premier Current Account (for higher earners)

Key requirements:
✔ Switch via Barclays app using CASS
✔ Transfer at least 2 active direct debits
✔ Deposit £1,500 within 30 days
✔ For standard account: Join Blue Rewards (£5/month)

Bonus payment: Within 28 working days of meeting conditions

Exclusions:
✖ Existing Barclays customers
✖ Previous switch bonus recipients
✖ Joint account applications

Is Barclays Right For You?
According to Which?’s latest bank survey, Barclays scores:
⭐ 72% customer satisfaction (Joint 12th/20)
⭐ 4/5 for mobile/online banking
⭐ 3/5 for branch service
⭐ 78% security rating (4th/11 providers)

The £5/month Blue Rewards package includes:

Up to 15% cashback at selected retailers

Competitive savings rates via Rainy Day Saver

Apple TV+ subscription

Seasonal offers