How to switch banks: a complete UK guide.

Switching current account is far simpler than most people expect. The Current Account Switch Service (CASS) handles the entire process within seven working days, backed by a financial guarantee. This guide explains how it works, the incentives currently worth up to £200 and when not to switch.

9 min read Practical UK Specific Hub 04 · Better Finances
7 days
The guaranteed completion period under the Current Account Switch Service. 99.7% of switches in Q1 2025 completed within seven working days, per Pay.UK published data.
£200 cash
The largest standard switching incentives in 2026, paid by Lloyds and Barclays. Six providers are currently paying between £100 and £200 simply for moving your account to them.
11.6m switches
Completed since the Current Account Switch Service launched in 2013. Customer satisfaction with the service sits at 89% in Pay.UK's most recent quarterly dashboard.

The Current Account Switch Service explained

The Current Account Switch Service, almost always shortened to CASS, was set up in 2013 to make moving banks genuinely easy. Before CASS, switching meant chasing every Direct Debit, every standing order and every incoming payment yourself, often spending several weeks fixing the small problems that arose. CASS replaced all of that with a seven-day automated process backed by a financial guarantee.

The service is operated by Pay.UK, the not-for-profit body that runs the UK's retail payments infrastructure. It is free to use. The new bank does the work; your only real input is choosing the date and signing the forms. Behind the scenes, the new bank coordinates with your old bank, redirects all your payments and closes the old account on the agreed switch date.

The CASS Guarantee

You are protected if anything goes wrong

If a payment to your old account fails to redirect, if a Direct Debit is not transferred correctly or if you incur charges or interest because of an error during the switch, the new bank refunds you in full. They will put you back in the position you would have been in if the switch had completed cleanly. You raise the claim with the new bank, they investigate and they correct it. The guarantee is permanent rather than time-limited and it is the structural reason CASS works.

One important note: CASS only switches current accounts. Savings accounts, ISAs (Individual Savings Accounts, which let you save or invest tax-free), mortgages, loans, credit cards and any other product you hold with the old bank stay where they are unless you close them yourself. Most people switching for an incentive only need their day-to-day current account to move; the rest can be left in place or transferred separately at a later date.

What gets moved automatically (and what does not)

The most useful question to answer before starting a switch is what CASS will and will not handle for you. Most of the friction people fear about switching is already automated; some specific things are not and those are the ones to plan around.

Moved automatically by CASS

  • Direct Debits — every active mandate, including energy, council tax, gym, mobile phone, streaming subscriptions and charity donations.
  • Standing orders — your scheduled outgoing payments such as rent, regular savings transfers and monthly transfers to family.
  • Salary, benefits and pension payments — incoming payments are redirected automatically. HMRC, DWP and your employer's payroll are notified by CASS on your behalf.
  • Closing the old account — happens automatically on the agreed switch date, with any remaining balance moved to the new account.
  • 36 months of redirection — any payment that still tries to reach the old account during this period is bounced to the new one with a notification to the sender.

Not moved — handle these yourself

  • Savings accounts and ISAs — these are separate products, so you will need to transfer them manually if you want to consolidate everything at one bank. Our guide on building an emergency fund covers where to keep savings for maximum protection and access.
  • Loans, mortgages and credit cards — these stay where they are. Settle or refinance them separately if you wish to move them.
  • Card-on-file payments — anything stored against your old debit card (subscriptions on Amazon, Netflix or other online retailers) needs the new card details adding manually.
  • PayPal, Apple Pay and Google Wallet links — these reference your old card details. Update each one after the switch completes.

The card-on-file gap is what catches most people out. Subscriptions or recurring purchases set up against your old debit card (rather than as proper Direct Debits) will keep trying to charge the old card for a few weeks before failing. A 30-minute pass through your subscription accounts the day after the switch saves the awkward "your subscription has lapsed" emails a fortnight later.

Switching incentives currently available in 2026

UK banks compete hard for new current account customers and the cash incentives are genuinely worthwhile. As of April 2026, six headline offers are running, ranging from £100 to £250 (the higher figure for high-income premium accounts). Each one comes with conditions: typically you must move at least two Direct Debits, deposit a set amount within 60 days and use the account regularly.

Lloyds · Club Lloyds
£200 cash
Direct Debits 3 active
Min spend £100 in 35 days
Bonus paid Within 45 days
Standout extra 6.25% saver
Barclays · Premier
£200 cash
Direct Debits 2 active
Min pay-in £5,000 / 60 days
Bonus paid Within 30 days
Standout extra Apple TV+ free
Santander · Edge
£180 cash
Direct Debits 2 active
Min pay-in £500 / month
Monthly fee £3
Standout extra Cashback on bills
First Direct · 1st Account
£175 cash
Direct Debits 2 active
Min pay-in £1,000 / 45 days
Bonus paid Within 28 days
Standout extra 7% regular saver
NatWest · Reward
£150 cash
Direct Debits 2 active
Min pay-in £1,250 / 60 days
Monthly fee £2
Standout extra £36/yr cashback
Co-op Bank · Standard
£100 + £75 cash
Direct Debits 4 active
Min pay-in £800 / 30 days
Bonus paid £100 + £25×3
Standout extra Ethical banking
A note on choosing

The biggest cash bonus is rarely the best account for you

It is tempting to pick the highest headline figure, but the £50 difference between offers is usually less significant than the longer-term account features. First Direct consistently scores top in customer service surveys. NatWest's £36-a-year cashback adds up faster than the gap between £150 and £200. Club Lloyds' annual perks (a year of Disney+ or six cinema tickets) and 6.25% regular saver are worth comparing closely. Always check the eligibility conditions and any monthly fees before applying.

When switching is not the right move

Switching is straightforward and worthwhile in most situations, but there are a small number of cases where it is genuinely better to wait or stay. Each of these is worth checking against your own circumstances before starting the process.

Three situations to avoid switching

Each one has a specific reason

You are within three months of a mortgage application. The hard credit search the new bank runs and the visible account changes can look like financial pressure to mortgage underwriters reviewing your application. Wait until after the mortgage completes.

You depend on an arranged overdraft. The new bank may offer a smaller overdraft limit at first or charge interest at a different rate. If your finances rely on an existing overdraft facility, check the new bank's offer carefully before committing.

You have non-standard payment arrangements. Business accounts, certain property management arrangements and some closed-loop payment systems occasionally do not redirect cleanly. The CASS Guarantee covers any losses, but it is worth knowing about in advance if you have unusual payment flows.

Beyond these three, there is also a softer reason for not switching: you genuinely like your current bank. Service quality, app usability, branch access and how the bank treats you when something goes wrong all matter. A £200 incentive does not compensate for a year of poor service. If you have been with your bank for a long time and they treat you well, the right answer is sometimes to stay.

Choosing the right account for your needs

Once you have decided to switch, the next question is which account to switch to. The largest cash bonus is rarely the right starting point. The features that matter long-term tend to come from how you actually use the account day-to-day.

What to compare beyond the headline incentive
Mobile app quality
App Store ratings, in-app features
Overdraft costs
Arranged and unarranged rates
Overseas spending
Card fees and exchange rates
Linked savings rates
Regular saver, easy-access rates
Cashback or rewards
Monthly value vs any monthly fee
Customer service
Independent ratings and survey scores

Independent banking satisfaction data is published twice a year by the FCA's Service Quality Survey. The most recent rankings are available via the FCA consumer site.

Three patterns are worth considering when choosing. People who travel frequently usually do best with First Direct, Chase, Starling or Monzo, all of which offer fee-free overseas card spending. People who use their bank app heavily tend to prefer the digital-first banks (Monzo, Starling, Revolut, Chase) for their pot-based budgeting features and notification tools. People who value branch access still favour the traditional banks (Lloyds, NatWest, HSBC, Barclays), although the branch network has been shrinking across the industry. If you are not sure how you actually use your account, our companion guide on understanding your monthly outgoings walks through the audit that surfaces the answer.

The right approach is usually to identify two or three accounts that genuinely suit you and then choose between them on the incentive offered. Picking purely on the cash bonus often leads to switching to an account that does not match how you bank, which costs more long-term than the bonus is worth.

The step-by-step switch process

The switch itself takes seven working days, but the wider process from "deciding to switch" to "settled in the new account" usually runs across two to three weeks. Each stage is straightforward.

1
Apply for the new account

You can apply online, in branch or through the new bank's mobile app. The application takes 10-30 minutes and includes identity verification (passport, driving licence or biometric check), proof of address and a credit check. Most applications get an immediate decision, although some need 1-2 days for additional checks.

2
Choose your switch date

The new bank will ask you to pick a switch date once your application is approved. Choose a date at least 7 working days in the future and ideally a few days after your next payday. This gives the system time to redirect any incoming payments cleanly. Avoid dates close to monthly Direct Debit cycles for high-priority bills (mortgage, rent, council tax) just to keep things simple. A switch is also a useful trigger for reviewing whether each of those Direct Debits is still on the best available rate; our guide on saving money on household bills covers the category-by-category review.

3
Complete the switch consent forms

The new bank will provide two short forms: an Account Switch Form (instructing the new bank to handle the switch) and a Current Account Closure Form (closing your old account on the agreed date). Sign both. From this point onwards, the new bank handles everything; you do not need to contact your old bank yourself.

4
Wait for the switch to complete

The new bank coordinates with your old bank during the seven working days. You will receive your new debit card and any account details shortly after applying. On the switch date, your balance moves across, the old account closes and your Direct Debits become active on the new account. You should keep some funds in the old account until the switch completes, in case any final payments hit before the redirection takes effect.

5
Update card-on-file payments yourself

Go through your subscriptions and online retailers and update the card details for each one. The most commonly forgotten places are Amazon, Netflix, Spotify, Apple ID, Google Play, PayPal and any card-stored shopping accounts. This is the single most useful task to do on the day the switch completes.

6
Meet the bonus criteria

If your switch came with a cash incentive, you will need to meet the conditions to qualify (typically depositing a set amount, having a minimum number of active Direct Debits and using the account in some way). The bank's switching page lists the exact criteria. Set yourself a calendar reminder for the deadline, because most bonuses are paid within 30-45 days of meeting the criteria.

Troubleshooting if something goes wrong

The vast majority of switches complete cleanly. When something does go wrong, the CASS Guarantee covers you and the resolution process is well-defined. Knowing what to do in each scenario saves time and stress.

1
If a payment fails to redirect

Contact the new bank immediately, not the old bank. Under the CASS Guarantee, the new bank is responsible for refunding any charges or interest you incur because of the error and for ensuring the payment reaches its intended destination. Keep records of any failed transactions and any related charges. The new bank typically resolves these within 5-7 working days.

2
If a Direct Debit goes to the wrong place

This is rare but does happen, usually when an organisation you pay does not store account details in a standardised way. The new bank can investigate and either redirect the payment manually or cancel and re-establish the Direct Debit. You will not be liable for any charges as long as you raise the issue within 13 months of the switch.

3
If the bonus does not arrive

Bonus payments can be delayed if the qualifying criteria appear borderline (for example, a Direct Debit that took slightly longer than expected to become active). Wait until the deadline stated in the offer before complaining. If the bonus is still not paid, contact the new bank's switching team with evidence that you met the criteria. Most disputes are resolved within 14 days. If the bank refuses, you can escalate the complaint to the Financial Ombudsman Service, which is free.

4
If you change your mind during the switch

You can cancel a switch up to 7 working days before the agreed switch date. After that point, the cancellation process is more complex and may not stop all the redirections. If you genuinely need to abandon a switch in progress, contact the new bank as early as possible and they will tell you what is and is not still recoverable.

Bonus-hopping and how often you can switch

"Bonus-hopping" is the name sometimes given to the practice of switching banks repeatedly to capture multiple cash incentives. It is fully within the rules and many people use it to add £500-£1,000 a year to their savings. The rules and restrictions are worth understanding before you start.

The bonus-hopping rules
Minimum hold period
Usually 6 months for the bonus
Same bank twice
Not allowed for bonuses
Same banking group
Often blocked (Lloyds/Halifax/BOS)
Credit search impact
5-25 points per switch, fades in 12 months
Realistic frequency
3-4 switches per year is sustainable
Annual potential
£500-£1,000 in cash bonuses
1
Keep a "main" account separate from your hopping accounts

Most people who hop bonuses regularly keep one stable bank account as the home for their salary and main Direct Debits, then use a second "hopping" account that they cycle through different providers. This avoids the disruption of moving everything every few months and keeps your credit file looking stable for any major borrowing decisions.

2
Track which banks you have already used

Most banks block you from claiming the same incentive twice and many block claims if you have ever held an account with them or with their group. Lloyds, Halifax and Bank of Scotland share a banking group; if you claimed a Halifax bonus in 2024, you cannot claim a Lloyds bonus in 2025. The same applies across NatWest, Royal Bank of Scotland and Ulster Bank. Keep a simple list of which banks you have used and when.

3
Mind the timing around any major borrowing applications

Each switch involves a hard credit search, which can drop your score by 5-25 points and stays visible for 12 months. If you are planning to apply for a mortgage or large personal loan, stop hopping at least three months before the application. The credit search effect itself fades quickly, but underwriters look unfavourably on a recent pattern of multiple new accounts being opened. Our guide on how to improve your credit score in 12 months explains the wider context of how lenders read your file.

A realistic estimate

How much bonus-hopping can actually earn

A patient hopper switching three or four times a year typically captures £500-£1,000 in incentives annually. The maximum is closer to £1,200-£1,500, achieved by people who track all the qualifying conditions carefully and never miss a deadline. The work involved is real but modest: roughly 30-60 minutes of admin per switch. For most people, the simpler approach is to switch once or twice when an offer genuinely suits them, rather than treating it as an income stream.

Frequently asked

Switching banks questions, answered.

How long does switching banks actually take in the UK?

Seven working days. The Current Account Switch Service (CASS) is the industry-wide service that handles current account switches between participating UK banks and it guarantees this seven-day timeline. Pay.UK published statistics show that 99.7% of switches in Q1 2025 were completed within that window.

The clock starts on the day you and the new bank agree your switch date, not the day you submit the application. The first day or two are typically spent on identity and credit checks, with the actual movement of payments and Direct Debits happening across the following days. Your old account closes automatically on the agreed switch date.

What gets moved automatically when I switch?

All Direct Debits, standing orders and any incoming payments such as salary, benefits or pension are moved automatically. Your account balance moves across on the agreed switch date and the old account closes the same day. For 36 months after the switch, any payment that still tries to reach your old account is automatically redirected to the new one and the sender is told to update their records.

What is not moved automatically: ISAs (Individual Savings Accounts), other savings accounts, investments, mortgages, loans or credit cards held with the old bank. These are separate products and stay with the old provider unless you close them yourself.

Will switching banks affect my credit score?

The act of switching itself does not affect your score. The new bank will run a hard credit search when you apply for the account, which can drop your score by 5-25 points temporarily and stays visible to lenders for 12 months. If you already have a healthy credit history, the impact is rarely a problem.

If you are about to apply for a mortgage or large loan, time the switch to be at least three months earlier so the search has faded by then. An application that is declined leaves a more visible "failed application" marker on your file than a successful switch does.

Which UK bank is offering the best switching incentive in 2026?

As of April 2026, Lloyds and Barclays are paying £200, Santander £180, First Direct £175 and NatWest £150, with various conditions on Direct Debits, deposits and login activity. The largest cash bonus is rarely the deciding factor.

Account features such as overdraft rates, mobile app quality, fee-free overseas spending and linked savings rates make more difference long-term than a £50 difference in upfront cash. First Direct is consistently top-rated for customer service. NatWest's Reward account adds £36 a year of cashback on top of the £150 incentive. Club Lloyds includes a 6.25% regular saver and a yearly choice of Disney+ or cinema tickets. Choose on fit, not on bonus size alone.

When should I avoid switching banks?

There are three situations where switching is not the right move. The first is when you are within three months of a mortgage application; the credit search and account changes can look like financial pressure to underwriters reviewing your application. The second is when you depend on an arranged overdraft, because the new bank may offer a smaller overdraft limit or charge differently.

The third is when you have multiple Direct Debits feeding closed-loop systems such as business accounts or property management arrangements, where the redirection process occasionally fails for non-standard payment types. For most people in stable financial situations, switching is straightforward and worthwhile. If overdraft dependence is the blocker, our guide on building an emergency fund on any income covers the buffer that typically removes the need to rely on one.

Can I switch back if I do not like the new bank?

Yes. The Current Account Switch Service works in both directions and there is no minimum period you have to stay. However, switching incentives almost always require you to keep the new account open for at least six months and meet specific activity criteria such as regular pay-ins and Direct Debits remaining active. Switching out before the bonus is paid usually disqualifies you from receiving it.

Once the bonus has paid, you can switch again immediately, although you cannot claim the same incentive twice from the same bank or banking group. Many people switch repeatedly across different providers to capture multiple bonuses. The practice is sometimes called bonus-hopping and is fully within the rules.

Do I need to update my employer or my Direct Debit providers myself?

Not strictly. The Current Account Switch Service notifies all your Direct Debit originators and the bodies that send you payments (HMRC, your employer's payroll provider, pension providers) on your behalf. You will see updates within seven working days and the redirection service handles anything that misses the window for up to 36 months.

In practice, most people choose to update their employer's payroll directly and notify their main billers (energy supplier, council tax, mortgage provider) to avoid any delay. The redirection service catches errors, but a direct update is faster and cleaner.

What happens if a switch goes wrong?

The CASS Guarantee covers you. If anything goes wrong with the switch (a payment to your old account that fails to redirect, a Direct Debit that is not transferred correctly or any charges or interest you incur because of an error), the new bank refunds you in full.

You raise the claim with the new bank, they investigate and they put you back in the position you would have been in if the switch had completed correctly. The guarantee is one of the main structural reasons CASS satisfaction sits at 89% in Pay.UK's Q1 2025 dashboard data; you are not exposed to the financial risk of the switch failing.

Mark Scott, Company Director at Swift Money
Written by
Mark Scott
Company Director, Swift Money Limited

Mark founded Swift Money in 2011, four years before the FCA's price cap transformed UK short-term lending. He has over 15 years of experience in UK consumer finance and oversees all content published on swiftmoney.com.

Important information

This guide is not personalised financial advice, legal advice or a substitute for regulated debt counselling. Individual circumstances vary and the right course of action depends on your own financial position. If you need help with a specific situation, speak to a qualified adviser or a free debt advice service such as StepChange, Citizens Advice, National Debtline or MoneyHelper.

Rules, retention periods, thresholds and scheme details reflect UK law, FCA guidance and industry practice as at April 2026. Credit scoring models are proprietary and individual outcomes may differ from the general principles described here. We update our guides periodically but cannot guarantee every figure reflects the very latest position. Always check the underlying source for time-sensitive decisions.

Swift Money Limited is a credit broker, not a lender. We are authorised and regulated by the Financial Conduct Authority, FRN 738569. Registered in England and Wales, company number 07552504. Registered office: Hamill House, 112 - 116 Chorley New Road, Bolton, BL1 4DH, United Kingdom. Data Protection registration number ZA069965.