Barclays vs First Direct: Switch Bonus Comparison
Barclays offers the better net value at £400 vs £175 after fees.
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- 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
- Full CASS switch with 2+ direct debits/standing orders
- Deposit £1,000 within 45 days
- 5 debit card transactions within 45 days
- Register for digital banking
- New customers only (never previously held First Direct account)
- Apple TV+
- MLS Season Pass
- 4%+ Rainy Day Saver on up to £5,000
- Cashback on household bills and partner retailers (with Blue Rewards)
- 7% AER Regular Saver (up to £300/month)
- £250 interest-free overdraft buffer
- Fee-free debit card spending abroad
- Top-rated customer service
Verdict: Barclays vs First Direct
Barclays offers the higher switch bonus at £400 vs £175.
First Direct has the better regular saver rate at 7% vs 5%.
Frequently Asked Questions
Which has the higher switch bonus, Barclays or First Direct?
Barclays currently offers the higher bonus at £400, compared to £175 from the other bank.
Can I switch to both Barclays and First Direct?
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 First Direct?
The cooling-off periods are: Barclays: 24 months, First Direct: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, Barclays or First Direct?
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.