Main current account vs Switching for cash bonuses
Side-by-side comparison, when-to-use-each guide, and instant conversion. Reviewed for 2026.
Staying with existing bank that serves your needs well, or switching for the bonus.
Switching for cash bonus (free money if you meet the criteria), better features, better customer service.
| Aspect | Main current account | Switching for cash bonuses |
|---|---|---|
| Switch guarantee | 7-day switch (CASS) | 7-day switch (CASS) |
| Typical bonus (2026) | — | £150-200 cash |
| Requirements | — | Usually: pay in £1,000-1,500/month, keep 2+ DDs |
| Best app experience | Varies | Starling, Monzo (consistently rated #1) |
| Best interest rate | Varies | Check Martin Lewis/MSE for current offers |
Frequently asked
Is current account switching safe?
Yes. The CASS guarantee (run by Pay.UK) means all payments are automatically redirected, including any that arrive at the old account for 36 months. Less than 1% of switches have issues, and all are resolved under the switching guarantee.
How often can I switch to get bonuses?
There's no legal limit, but banks track who has switched before and some exclude previous customers from bonuses. Practically, most people switch every 1-2 years to collect a new bonus. Each switch earns £150-200 — modest but entirely free money if you meet the criteria.