Overview
- Barclays closed applications for its £200 switch incentive on May 28 and the promotion is no longer open to new applicants.
- Some customers who met the scheme’s conditions have already received the £200 payments into their accounts.
- A Barclays spokesperson said the firm “regularly review[s] our products and offers” and will continue to assess opportunities but gave no promise of a repeat promotion.
- Barclays clarified operational details after customer queries, saying replacement debit cards are dispatched five weeks before expiry and can take up to seven working days to arrive, and that cards can be managed via the Barclays app.
- The move sits inside a wider trend of UK banks using cash bonuses to attract current-account holders, with Nationwide recently advertising a £175 switch incentive plus further £100 Fairer Share payments for members.