Barclays customers have a limited-time opportunity to receive combined payments of up to £900 by moving their banking and savings to the provider. The bank is running two separate but concurrent incentive schemes, each with its own critical deadline that savers must act upon quickly.
Time-Sensitive Payment Deadlines
Prospective applicants should pay close attention to two specific dates in late November. To qualify for the current account switch bonus of either £200 or £400, customers must initiate their switch through the Current Account Switch Service by Thursday, November 27.
Meanwhile, the separate ISA transfer offer, which can provide up to £500 in additional cash, has a slightly different cutoff. Customers must request their ISA transfer by Friday, November 28 to be eligible for this payment.
How to Claim Your Current Account Switch Bonus
To secure the current account incentive, applicants must first apply for either a Barclays Bank Account or a Premier Current Account through the Barclays app. Those opting for the standard Barclays Bank Account will also need to enroll in Blue Rewards, which carries a £5 monthly fee.
The switch must be completed within 30 days of account opening and include the transfer of at least two active direct debits. Additionally, customers must meet minimum funding requirements: £2,000 for the Barclays Account or £4,000 for the Premier Current Account, which can be deposited in single or multiple transactions.
Once all conditions are satisfied, the switch payment will arrive in the new account within 28 working days, identified on statements as 'Switch Reward'. Barclays will send a confirmation text when all steps are completed.
Maximising Your Reward with ISA Transfers
The ISA transfer scheme offers tiered payments based on the amount moved to a Barclays cash ISA, requiring a minimum transfer of £25,000. The bonus structure is as follows:
- £25,000 to £49,999.99 transferred: £100 bonus
- £50,000 to £99,999.99 transferred: £200 bonus
- £100,000 or more transferred: £500 bonus
Transfers can be made to an instant cash ISA, Reward ISA, or fixed-term flexible cash ISA, though the latter must receive transfers within the first 30 days of account opening. Crucially, applicants must hold a Barclays current account where the bonus payment can be deposited.
With these deadlines rapidly approaching, customers interested in capitalising on this combined £900 opportunity should review their banking arrangements promptly to ensure they meet the eligibility criteria and application timelines.
