Current account holders can get £200 if they switch to Santander, but you’ll need to act quickly.

The bank is offering the incentive to people who open a current account with them and request a switch using the current account switching service before the offer is withdrawn tomorrow.

Customers have to complete the switch within 60 days of their request, have at least two active household direct debits and pay in at least £1,500 to get the £200 offer.

Anyone who held a current account with Santander on 1 January 2025 or has previously received a Santander switcher incentive will not be eligible.

Co-op is also ending its switching offer. Customers can get up to £175 if they apply for a Co-op bank current account and request a switch before the end of tomorrow.

To qualify for an initial £100 payment, switchers will need to deposit at least £1,000, have two or more active direct debits, make ten or more card transactions and register for online banking or the mobile app.

Customers can then get a further £25 a month for up to three months if they continue to meet the above criteria monthly.

Here’s a round-up of switching offers available for longer:

• Lloyds: Offering £200 to customers who switch to a Club Lloyds account, or £500 for those who choose a Lloyds Premier account by 30 April. To qualify, the switch must include three active direct debits. Club Lloyds customers must also spend £100 within the first 35 days, while Lloyds Premier account holders must spend £200, as well as depositing at least £5,000 or having £100,000 in savings or investments with them in the first calendar month. 
• Barclays: Offering £200 to customers who apply for a Barclays bank account and complete a full switch, including at least two direct debits, by 28 May. £2,000 must also be deposited in the account.
• first direct: Offering a £175 switching bonus to anyone who opens a current account and switches using the CASS, including at least two direct debits or standing orders. Customers must also deposit £1,000 and make five or more debit card payments. 
• NatWest: Offering £150 to people who apply for a Select or Reward account and request to switch by 28 May. The switch has to be completed by 16 June. Within two months of switching, customers have to pay in £1,250 and log in to the mobile app.