Major UK bank brings BACK offer that gives new customers £150 free cash for making simple switch – how to claim payment
Major UK bank brings BACK offer that gives new customers £150 free cash for making simple switch – how to claim payment
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A MAJOR UK bank has relaunched its popular cash incentive that gives new customers £150 - here's how to claim it. The simple offer benefited thousands of customers last year, just by switching their current account. By switching to the Co-operative Bank, eligible customers will receive £75 immediately. Then, they will receive three monthly instalments of £25. Combine the three monthly instalments with the original £75 and and customers can pocket £150.
![[BEYF3P Co-op bank signage]](https://www.thesun.co.uk/wp-content/uploads/2025/02/BEYF3Pjpg-JS839902177.jpg?strip=all&w=960)
Plus, they can gain exclusive access to a market-leading Regular Saver account with 7 per cent interest offered on deposits of up to £250 per calendar month. But be warned, this is a time sensitive offer available to new and existing customers who switch to an eligible Co-operative Bank current account. The accounts included in the offer are: A Standard Current Account, Current Account Plus, Privilege, Privilege Premier or Everyday Extra account.
![[LONDON, UNITED KINGDOM - DECEMBER 26: Shoppers walk in Oxford Street during Boxing Day sales in London, United Kingdom on December 26, 2024. The second day of Christmas holidays, Boxing Day sees retailers offer large discounts which attract customers who this year are predicted to spend £3.73billion on the day itself on the high street and online. (Photo by Wiktor Szymanowicz/Anadolu via Getty Images)]](https://www.thesun.co.uk/wp-content/uploads/2025/02/GETTY_Boxing-Day-Sales-in-London_ENT_GYI2190823932jpg-JS959892325.jpg?strip=all&w=960)
Like any good offer, there are a few boxes to tick off before the big payment comes in. Customers must apply on or after February 6 for a Standard Current Account or Everyday Extra account. And they must not have benefited from a switch incentive at The Co-operative Bank since 1 November 2022. To receive the first £75, customers need to follow a series of rules:. That leaves the three £25 instalments - and there are some rules to claim them too:.
It's always advisable to check whether an offer is right for your personal circumstances. John Ward, Chief Commercial Officer, said: “Our popular switching offer, relaunched today, allows eligible new and existing customers to benefit from up to £150 for switching and staying with The Co-operative Bank as their main current account provider. "We hope the offer, plus exclusive access to our market-leading Regular Saver account, will encourage more people to consider switching to The Co-operative Bank – the only UK high street bank with a customer-led Ethical Policy, which guides how we do business.”.
