Technically yes, with two spare accounts. The reason experienced switchers do not is not the rules — it is being blocked by an entire banking group.
9 Sep 2026 · 4 min read
You can only switch an account away once, because switching closes it. So collecting several bonuses means either several accounts to switch away from, or one account used again and again.
The one-account method
Open a spare current account — Chase is the usual choice, because you can hold up to twenty of them, they are free and they open in minutes. Switch that account to the first bank paying a bonus. Your spare account closes; you now have an account at bank one.
When that bonus is paid, switch that account to bank two. And so on. One account, hopping down the line, collecting a bonus at every stop.
Never switch the account your salary lands in. Switching closes it and moves your salary and direct debits with it.
Doing two at once
To run two chains you need two spare accounts open at the same time, and enough cash to cover both pay-ins at once, since most offers want between £1,000 and £2,000 moved in.
It is faster. It is also the pattern that gets people blocked: opening several accounts in quick succession and closing them again looks exactly like what it is, and switchers report being refused across an entire banking group afterwards — not one bonus lost, but every future bonus from that group.
What we do about it
The app plans one chain by default, in the order that collects the most money soonest. If you have the accounts and the cash for two, it will plan two — and it will say plainly that faster is riskier, because that is your call to make and not ours to make quietly.
Six tap-only questions and Bank Switcher tells you which of these offers you can actually take, in the order that collects the most. Free, and about a minute.