Best bank account switching deals for September 2025

UK customers thinking about switching bank accounts could be eligible for a range of perks this month, including free insurance perks, breakdown cover and cash bonuses. TSB, Natwest and First Direct are all offering financial incentives to attract new customers and/or entice existing account holders to switch plans. NatWest is offering new customers a £125 bonus for creating new current accounts, with an extra £50 available for those who also create a linked savings account.

To qualify, customers who do not already have a NatWest account and aren't switching from another NatWest group brand will have to pay at least £1,250 into their new account and log in to the mobile app within 60 days. Those who open a Digital Regular Saver account within a 60-day window will also nab the furthrer £50 in the deal, for which there is no set end date.

TSB is similarly offering new customers £100 to switch to its one of its Spend and Save current accounts, with the added incentive of earning £90 cashback and up to £120 worth of awards.

Customers who switch to TSB using the Current Account Switch Service (CASS) before September 22, and who log into the mobile app and make at least five payments using their debit cards, will receive the £100 bonus between October 6 and 12.

Those with free Spend and Save accounts can also earn cashback up to £90 and those paying a monthly £3 for the Spend and Save Plus accounts will be eligible for rewards worth £120.

While it only offers one current account, HSBC subsidiary First Direct is also offering a bumper starter deal, with new customers receiving a free £175 when they use the CASS to switch and lodge at least two direct debits or standing orders.

The bonus is limited to account holders who have deposited at least £1,000 within 30 days of opening and have registered and logged into online banking.

The deal also isn't available to those already holding First Direct accounts, or anyone who held an HSBC current account on or before January 1, 2018. It does not have a set end date.

Finally, while the Co-operative Bank isn't offering a cash incentive to new account holders, it is rewarding new or existing customers who open an Everyday Extra account - by handing them three months of packaged benefits for free.

Customers will initially be charged the £18 monthly fee for worldwide family travel insurance, UK and European breakdown cover and more, but will be refunded the amount following the first three months of use. Unlike the other offers, the Co-operative does not require a minimum pay-in and the limited-time offer could expire at any point.