If you are unsatisfied with your existing bank? Then switch up to your favorite bank. But do you know switching bank accounts offers you money? Now you might be guessing –which banks give you money for opening an account UK? Well, there are many – All you need is for me to tell you which are those. Walk into the article and find out the best and most beneficial banks in the United Kingdom.

Which Banks Give You Money For Opening an Account UK?

Do Banks Give You Money For Opening an Account UK?

Yes, Several Banks in the UK give you money for opening an account in the UK. This is called the Bank Account Switch offer. Other than the Switch offers, there are plenty of other perks that one can get through Switching their bank accounts from one to another (that offers perks). With Switching you can get cashback on bills and spending, savings, interest, and much more.

Why do you want to change your existing bank account?

There are numerous reasons why one would wish to change or switch to some other banks. Poor Bank providers or just need a change. If you are one of those, who wants to switch to a new bank account from the current one. Consider looking for bank providers that pay you money – it is beneficial and you can get a bonus!

Here is the answer to Which Banks give you money for opening an account UK?

Which Banks give you money for opening an account UK?

Understanding your need for a change, We have enlisted the top banks of 2024-2025 from the UK market to provide you with your rewards.

  • First Direct.
  • Natwest.
  • Lloyds Bank 
  • Halifax.
  • HSBC
  • Santander
  • Nationwide. 
  • Chase.

First Direct 

Which Banks Give You Money For Opening an Account UK?

First Direct is the bank, that provides the opening bonus of £175. You will receive it within a month.  To switch up, you should go to the First Direct Bank or use the First Direct Bank app.

  • Just provide the full details of the old account to this bank through the app or offline.
  • Choose your favorite date to transfer and switch up the accounts.

The First Direct bank switches all your regular payments, orders, bills, debit cards, and so on within a given date. Then, you can get a welcome bonus of £175 on your account.

Natwest

Best Bank Switch Offers in UK

Currently, Natwest provides Switch offers to those who apply for its Reward accounts. You can earn the rewards with a monthly cashback. As a switch account holder, you can get up to £180 and other added benefits. If you meet the qualifying requirements, you can get the £180.

Lloyds Bank 

switch your bank account with Lloyds Bank

When you choose to switch your bank account with Lloyds Bank, you can opt for its Silver or Platinum account. It offers a switch offer at £200 per account, which is higher than most of the banks in the list . With extra charges, you will also get added benefits.

Make sure to look out for the eligibility and certain things to do if you want to get the switch offer in the UK of £200.

Halifax 

Which Banks Give You Money For Opening an Account UK?

Halifax is one of the best banks in the UK. With Halifax, You will receive £150 for switching up your accounts and can get £75 cashback if you spend £750 on your debit card. 

You will get these account details like debit cards, account numbers, and so on within 7 days. Monthly rewards- Adding up to £5 to your account. Provide the cinema ticket, can watch at any UK Vue cinema, and it’s valid for 12 months. Furthermore, you will get more details on their official site or their other social media platforms.

HSBC 

Best Bank Switch Offers in UK

HSBC Bank has thousands of users and they provide many benefits to their customers. Yes, HSBC gives you money for opening an account UK.

You receive £125 as a welcome bonus and £20 for the Uber Eats voucher. 

Several rewards are available for Customers You can also enjoy the offers in Make My Trip, Yatra, Paytm flights, and so on.

Santander

Best Bank Switch Offers in UK

Santander Bank in the UK provides rewards and features for bank users, giving you money for opening an account in the UK. You should maintain the minimum balance of this account.

If you switch the account, you will get £200 as a reward with cashback. Along with that, you will also get the cashback offer for gas, electricity bills, Aviva insurance, water bills, Home bills, and so on.

  • financial health check
  • Budget Planning
  • Provide a way to cut your spending and so on.

Check the official site for the eligibility criteria.

Nationwide – Provide Money For Opening an Account

Best Bank Switch Offers in UK

You can switch to the Flex Plus, Flexdirect, and Flex account. Flex Direct offers the best Switch offers. Apply through a bank or the Nationwide app >> wait for 6 working days  >> review the status >> That’s all.

Get  £175  when you switch to Nationwide

Moreover, you get different interest rates according to your account’s overdraft and credit score. Also, you should maintain the minimum balance on your account. Telephone banking- which is so helpful for many people who are living far from the bank locations.

Chase and Nationwide can be chosen if you are expecting a long-term reward from the Bank with exclusive cashback offers.

Final Words

I hope from this article, we will know Which Banks Give You Money For Opening an Account UK and choose the one that’s best for you. Apart from this, you can enjoy many features like cashback, rewards, offers, and insurance for their customers. Also, the listed banks are available in the UK. According to inflation, many banks can hold on to the interest rate.