A major high street bank in the UK is offering Britons the opportunity to take home an extra £1,000 in free cash bonuses, but are you eligible?
Barclays has rolled out a pair of switcher deals that could put up to £1,000 in your pocket if you qualify for their Premier current account.
The bank is running two separate promotions simultaneously – one for current account switchers and another for ISA transfers – and savvy customers can take advantage of both.
Savers have got until April 30 to get in on the action, so there’s still plenty of time to weigh up whether these offers work for you.
Barclays is offering a £1,000 bonus
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The Premier Current Account switch offer hands you a lovely £400 cash bonus when you move your banking to Barclays using the Current Account Switching Service.
However, those looking to take advantage of the deal will need to to earn at least £75,000 a year or have £100,000 tucked away in eligible Barclays investments to qualify for Premier status.
To claim this reward, prospective customers must have held a Barclays current account as of February 17 2026.
Then it’s three simple steps: open the account through the Barclays app, complete a full switch with at least two active direct debits, and deposit a minimum of £4,000 within 30 days.
People are leaving their banks to get better deals
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GETTYBarclays is offering new incentive deals
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GETTYThe ISA transfer offer is where things get really interesting, with rewards climbing as high as £600 depending on how much you move over.
They will need to hold or open a Barclays current account first, then shift at least £10,000 from an ISA held elsewhere into one of the bank’s fixed term cash ISA products.
This reward structure works on a sliding scale; if someone transfers between £10,000 and £24,999, they will pocket £50, while moving £25,000 to £49,999 nets someone £100.
Shift £50,000 to £99,999, and you’re looking at £150, but the real prize comes at £100,000 or more – Premier customers bag £600, while standard account holders receive £200.
ISAs are popular savings products are becoming increasingly popular
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GETTYBarclays is also offering some of most competitive cash ISA rates around available on the savings market right now.
Their Premier One-Year Flexible Cash ISA pays 3.85 per cent AER tax-free, while the standard One-Year Flexible Cash ISA returns 3.80 per cent AER.
Both products let you make up to three withdrawals during the term, each of which can be up to 10 per cent of a saver’s balance, without any penalty.
To take home the £1,000 cash boost from Barclays, savers need to open a Premier Current Account for their £400 bonus, then transfer £100,000 or more in ISA savings to grab the £600 top-tier reward.