HSBC and First Direct, and NatWest and RBS are in the same banking groups. You can take one offer from each group, not both.
Questions
Which bank pays the most to switch?
Santander, at £240, as of 13 September 2026.
Which switch bonus pays fastest?
Nationwide. As soon as about 10 days after the switch if you meet the conditions straight away, and up to 41 days if you use the whole window.
Which switch offer needs the smallest pay-in?
Danske Bank, at £1,000.
Can I get more than one switch bonus?
Yes, from different banking groups, one after another, as long as you meet each bank’s rules. Banks in the same group, like HSBC and First Direct, only pay one bonus between them.
This is general information, not financial advice. Banks can change or withdraw offers at any time.
Want this worked out for your banks?
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.