What is a bank switch bonus?
A bank switch bonus is a cash incentive — typically £100-£200 — paid by a bank when you move your current account to them using the Current Account Switch Service (CASS). The switch moves your balance, payments, and Direct Debits automatically within 7 working days, and your old account is closed.
How long does it take to get a switch bonus?
It varies by bank — typically between 10 days and 3 months after you complete the switch and meet all the offer requirements. Check each bank's terms; StoozeMax tracks community-reported payout times on each bank's page.
How many times can you switch bank accounts?
There is no limit on how many times you can switch. Many people complete 3-6 switches a year using one or two 'donor' accounts. The main constraints are each bank's cooling-off rules — many exclude customers who have received a bonus recently — and the credit check on each application.
Do I need Direct Debits to get a switch bonus?
Usually, yes. Most switch offers require 2-3 active Direct Debits on the new account, though some banks (like NatWest) need none. Netflix and Spotify don't count — they're card payments. See our Direct Debit guide for what counts and the cheapest ways to set them up.
