Co-op Bank vs iFAST Global Bank: Switch Bonus Comparison
iFAST Global Bank offers the better net value at £100 vs £75 after fees.
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- 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
- Switch salary/pension via Bacs Direct Credit (not CASS)
- Receive at least 1 payment between 1 Feb – 30 Apr 2026
- No need to close existing account
- £100 upfront + £25/month for 3 months (£175 total)
- 7% AER Regular Saver (up to £250/month)
- Ethical banking
- 2.65% AER on GBP balances
- Multi-currency accounts (USD, EUR, HKD)
- Early salary access (1 business day before payday)
Verdict: Co-op Bank vs iFAST Global Bank
iFAST Global Bank offers the higher switch bonus at £100 vs £75.
iFAST Global Bank has fewer requirements (3 vs 6), making it simpler to qualify.
Frequently Asked Questions
Which has the higher switch bonus, Co-op Bank or iFAST Global Bank?
iFAST Global Bank currently offers the higher bonus at £100, compared to £75 from the other bank.
Can I switch to both Co-op Bank and iFAST Global 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 Co-op Bank and iFAST Global Bank?
Cooling-off period data is not currently available for these banks. Check the individual bank pages for the latest information.
Which bank is easier to switch to, Co-op Bank or iFAST Global 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.