Technically yes, with two spare accounts. Experienced switchers avoid it because it can get you blocked by a whole banking group.
9 Sep 2026 · 4 min read
Switching closes the account you switch from, so you can only switch each account away once. To collect several bonuses you need either several accounts to switch away from, or one account moved 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’re free and they open in minutes. Switch that account to the first bank paying a bonus. Your spare account closes, and you now have an account at bank one.
When that bonus is paid, switch that account to bank two, and so on. One account moves down the line and collects a bonus at each stop.
Switch a spare account and keep the one your salary is paid into. Switching closes an account and moves its 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. Most offers want between £1,000 and £2,000 moved in.
It’s faster. It’s also the pattern that gets people blocked. Opening several accounts in quick succession and closing them again looks like bonus hunting, and switchers report being refused by a whole banking group afterwards. That means losing 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 tells you that faster carries more risk. That decision is yours.