Barclays vs Co-op Bank: Switch Bonus Comparison
Barclays offers the better net value at £200 vs £75 after fees.
- Open via Barclays app
- Sign up to Blue Rewards
- Full CASS switch with 2 active direct debits
- Pay in £2,000 within 30 days
- Cannot have held a Barclays current account on or before 17 Feb 2026
- Request full CASS switch within 2 weeks of opening
- Complete switch within 8 weeks
- Deposit £1,000+ within 30 days
- 2 active direct debits
- For monthly bonuses: £1,000/month deposit, 2 DDs, 10+ card transactions
- Cannot have received Co-op switch incentive since 1 Nov 2022
- Apple TV+
- MLS Season Pass
- 4%+ Rainy Day Saver on up to £5,000
- Cashback on household bills and partner retailers (with Blue Rewards)
- £100 upfront + £25/month for 3 months (£175 total)
- 7% AER Regular Saver (up to £250/month)
- Ethical banking
Verdict: Barclays vs Co-op Bank
Barclays offers the higher switch bonus at £200 vs £75.
Barclays has fewer requirements (5 vs 6), making it simpler to qualify.
Barclays comes with more perks (4 vs 3), including things like apple tv+.
Co-op Bank has the better regular saver rate at 7% vs 3.96%.
Frequently Asked Questions
Which has the higher switch bonus, Barclays or Co-op Bank?
Barclays currently offers the higher bonus at £200, compared to £75 from the other bank.
Can I switch to both Barclays and Co-op Bank?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for Barclays and Co-op Bank?
The cooling-off periods are: Barclays: 24 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, Barclays or Co-op Bank?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.