DEALS & SAVINGS · MONEYSAVINGEXPERT
Up to £300 reported by MSE; offer-specific
MoneySavingExpert's October 2026 comparison says current switch offers can pay up to £300, but the amount and conditions change frequently. Check official bank terms before acting.
MSE updated its current account comparison on 13 October 2026 and reports switch incentives up to £300. Offers commonly require a full Current Account Switch Service transfer, minimum pay-ins, active direct debits or account activity.
Eligibility often excludes people who have received a previous incentive from that banking group. The current live comparison lists exact terms; confirm the target bank's own terms because promotions can be withdrawn or changed quickly.
Keep enough money in the old account for bills until the switch completes and check that salary, benefits and direct debits will move correctly. A failed eligibility condition can mean no bonus.
This is worthwhile only if the new account suits your everyday banking and the requirements do not force expensive spending. Do not open a paid packaged account just to chase a headline reward.