Barclays Offers £400 Switch Bonus for Premier Account

Barclays is offering a £400 switching bonus to eligible customers who transfer their current accounts to its Premier Current Account by November 27, providing a timely incentive for UK residents seeking financial perks amid rising living costs.

The deal, which financial expert Martin Lewis described as the "biggest ever" on his ITV program this week, requires participants to open a sole Premier Current Account through the Barclays app and initiate a full switch using the Current Account Switch Service, or CASS. This free service, backed by the Current Account Switch Guarantee, handles the transfer seamlessly, including at least two Direct Debits. Customers must complete the switch within 30 days of opening the account and deposit a minimum of £4,000 into it shortly thereafter. Barclays states that the £400 will be paid directly into the new account within 28 working days of meeting all criteria, with recipients notified via SMS. The payment appears on statements as "Switch Reward," and the offer is limited to one per person. Those who have previously received a Barclays switching bonus are ineligible.

Eligibility is targeted at higher-income individuals: applicants must be UK...