iFAST Global Bank vs Tesco Bank: Switch Bonus Comparison
- 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
- Full CASS switch required
- 2.65% AER on GBP balances
- Multi-currency accounts (USD, EUR, HKD)
- Early salary access (1 business day before payday)
Verdict: iFAST Global Bank vs Tesco Bank
iFAST Global Bank comes with more perks (3 vs 0), including things like 2.65% aer on gbp balances.
Frequently Asked Questions
Which has the higher switch bonus, iFAST Global Bank or Tesco Bank?
Neither iFAST Global Bank nor Tesco Bank has an active switch bonus at the moment. StoozeMax checks daily and will show one here as soon as either bank launches an offer.
Can I switch to both iFAST Global Bank and Tesco 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 iFAST Global Bank and Tesco 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, iFAST Global Bank or Tesco 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.