Banks / Co-op Bank / Payout time
How long does the Co-op Bank switch bonus take to pay?
Co-op Bank's published terms pay the switch bonus within 7 days (Within 7 days of meeting the eligibility criteria (£1,000 deposit, 2 direct debits, 10 debit-card payments, online/mobile registration within 30 days of switching).).
7 days
The bank's own promise
Within 7 days of meeting the eligibility criteria (£1,000 deposit, 2 direct debits, 10 debit-card payments, online/mobile registration within 30 days of switching). (terms verified June 2026).