To secure the cash boost, new customers need to open a Barclays Bank Account or Premier Current Account through the app by the end of 30 August. This has to be in your name and does not apply to joint accounts.
Then, if you open the standard Barclays Bank Account, you have to sign up to its revamped Blue Rewards loyalty scheme, which costs £5 per month.
With that deal, you get Apple TV+ (worth £8.99 per month) and a Major League Soccer Season Pass subscription (worth £14.99 per month). Once you sign up, this will be available straight away through your new Barclays banking app.
The scheme also offers 15% cashback for an array of retailers and brands including Deliveroo, Bensons for Beds, Dominos and Boohoo.
Once you have the app and have signed up to the Blue Rewards scheme, the third step is to use the Current Account Switch Service (CASS) with the Barclays app to complete the switch.
The switch also has to include at least two active direct debits you currently have outgoing.
The final step is to pay at least £800 into the account by the end of today (30 August 2024).
Once those steps are completed, the bank will pay £175 into your account within 28 days.
Barclays is one of many providers that has enticed new customers with switching offers this summer.
Summer of switch deals
TSB has a £190 offer for newbies that switch. This limited-time deal requires you to log into the TSB mobile banking app (when the account is opened) at least once by 27 September.
Once that’s complete, new customers then need to make a minimum of five payments using the debit card to receive the cash bonus.
However, the TSB deal sees the cash split into two parts – £100 between 15 and 25 October 2024 and £90 added to your balance in the first six months of opening the account.
