Barclays bank has unveiled a tempting £400 incentive for new customers, offering a welcome financial boost right before the festive season. The offer is tied to switching to their premium banking service, but applicants must act quickly to secure the cash.
How to Claim Your £400 Bonus
To be eligible for the £400 bonus payment, customers must complete a specific set of actions. The process must be initiated through the Barclays app. Firstly, you need to apply for and open a sole Premier Current Account. Then, you must use the Current Account Switch Service to perform a full switch from your existing bank, moving at least two active Direct Debits in the process.
Furthermore, within 30 days of opening the account, you are required to deposit at least £4,000. Barclays emphasises that all these steps must be completed for the bonus to be paid.
Key Dates and Eligibility Criteria
The clock is ticking for this offer. To receive the £400 handout, you must have initiated the full account switch via the app by 27 November 2025. For those who meet this deadline, the bank has confirmed that the bonus will land in their account by 27 December 2025, providing extra spending money during the Christmas period.
However, this account is not available to everyone. To open a Barclays Premier Current Account, you must be aged 18 or over and be a UK resident. Crucially, you must also meet one of two financial criteria: either pay a gross annual income of £75,000 into the account, or hold at least £100,000 in savings or eligible investments with Barclays.
Beyond the Bonus: Premier Account Perks
Barclays is promoting the switch as a step up into a world of exclusive benefits. Alongside the one-off cash incentive, new Premier customers gain access to a suite of perks. These include exclusive rates on savings and mortgages, early access to event tickets, an Apple TV+ subscription worth £9.99 monthly, and dedicated support from Premier Financial Guides and a UK-based telephone banking team.
The switch itself is designed to be hassle-free, using the Current Account Switch Service which is backed by a guarantee to ensure the process is smooth, with everything handled for you.
