How to get £175 free cash and 12 months of Disney+ by switching banks right now

Switching banks right now is an easy way to pocket up to £175. But it's not always just about the money, there are many reasons why investigating other types of high-street banking is worth doing.

You may be fed-up with the service at your existing provider, or want a bank that still has a physical branch nearby that's easy to visit. Whatever the driving factor, it is always worth keeping an eye on the competition to see if you get a better deal elsewhere, such as higher interest, a more customer-friendly app, interest-free overdrafts, and cashback on your day-to-day spending.

Thanks to the Current Account Switch Service (CASS), changing bank accounts is a breeze as it handles most of the heavy lifting for you. All you have to do is choose your switch date and any active direct debits will be transferred to your new account as part of the service.

Bear in mind that bank switching deals are usually only available for a limited time, so act fast if you want to take advantage of one of these offers.


According to The Sun and The Mirror, these are the best deals on offer right now.

TSB: £160

New customers who switch to TSB can receive up to £100 upfront. Then, for the first six months afterwards, they will receive £10 a month in cashback. This offer is available on spend & save or spend & save plus accounts.

There are a few conditions you'll need to meet first. To secure the £100, you'll need to make at least five payments using a debit card or contactless by July 5. You'll also need to log into the TSB mobile banking app at least once. New customers who meet these requirements will also be offered a reward to choose from in December, including two Odeon cinema tickets.

To get the £10-a-month cashback, you'll need to make 20 debit card payments each month. Consider whether the account is suited to your circumstances as you will need to keep it for at least six months to receive the full reward. Applications for the accounts can be made through or the TSB mobile banking app.

Santander: £175

Bank customers switching to Santander can secure a free £175. This offer is available on switches to a Santander Edge current account, Santander Edge Up current account or private current account.

The Edge account carries a £3 monthly fee, while the Edge Up and private account both have a £5 monthly charge.

Existing Santander customers moving to one of these accounts can also take advantage unless they have previously benefited from a Santander switch offer. To qualify, you'll need to deposit £1,500 into the account within 60 days of requesting the switch this doesn't need to be a single payment.

You're also required to set up two active direct debits within 60 days. The switching payment is made within 90 days of the start of the process to those who qualify. Switches can be made through the Santander website or in branch.

First Direct: £175

First Direct is offering new customers £175 when they open a 1st account. This account also includes a £250 interest-free overdraft, which can be useful in emergency situations.

To receive the £175, you must switch your account using CASS and log into First Direct's digital banking within 30 days of opening the account. This offer is only available to those who haven't previously held a First Direct product and is not open to anyone who has opened an HSBC current account since January 1, 2018, as it is part of the same group.

Lloyds: £175

From May 28, Lloyds Bank is offering new customers £175 plus other perks if they switch to one of three current accounts from a different bank. In addition to the cash, customers can get a 12-month Disney+ subscription and access to a linked saver paying 6.25%.

However, this offer from Lloyds is only available to customers who switch to a Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum current account. These accounts carry a £3 monthly fee unless £2,000 is deposited each month.

Nationwide: £200

Nationwide is offering a £200 switch bonus - but only if you're already a customer. In order to claim this cash, you need to move a non-Nationwide current account into a new or existing a FlexPlus, FlexDirect or FlexAccount. This includes two direct debits.

You must have been a Nationwide member on March 31, 2024, to be eligible, and the switch must be completed within 28 days of it being requested. The money will then be sent within ten days. You won't qualify for the switch cash if you've already had a switch offer since August 18, 2021.

Virgin Money: Interest worth £120

Those who switch to the Virgin Money M Plus account get a bonus 10.47% AER fixed interest added on top of its standard 2.02% AER variable interest. You can save up to £1,000, which means this would be worth around £120 if you kept the £1,000 saved in the account for a full year

The bonus applies for a whole year from July 1, 2024 to June 30, 2025. The new deal is available to people switching to the M Account, M Plus Account or Club M Account by May 31 and who move across two direct debits by June 26.

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