The bank has offered cash to new customers (Image: Getty) Barclays has said certain customers could receive a £300 payment, with some of the money potentially hitting their accounts before Christmas . Many people could qualify for the perk if they satisfy certain conditions. The majority of people in the UK (60%) have never switched their everyday current account . Other industry estimates suggest that roughly 40% to 50% of Brits have stayed with their first and only bank, while about 24% of UK adults report that they plan never to switch bank accounts, according to KPMG findings. Those who remain loyal to their bank could be missing out on the incentives that most high street banks offer to attract customers away from rivals. People who have never switched could actually be best placed to take advantage of deals such as the £300 Barclays offer. The Barclays Current Account is offering one of the largest switching incentives available (as of November 6). Claiming the maximum reward may require a little time and effort, but it could boost your bank account by as much as £300. Ensure our latest headlines always appear at the top of your Google Search by making us a Preferred Source. Click here to activate or add us as a Preferred Source in your Google search settings Some Barclays customers could earn £300 for free (Image: Peter Fleming via Getty Images) Most people should be able to sign up and make the most of the switching offer , provided they meet the eligibility criteria. To open an account, applicants must be aged 18 or over, be UK residents and apply through the Barclays app, reports the Mirror . Once the account is established, customers must complete a full switch via the Current Account Switch Service (CASS) within 30 days, including at least three active Direct Debits. Applicants are also required to deposit a minimum salary of £2,000 into the new account within 30 days of opening. Those who held an open Barclays current account prior to 1 October 2026, or who are opening a joint account, will not be eligible for the cash bonus. Some Barclays customers could earn £300 for free (Image: stockcam via Getty Images) The first half of the reward (£150) will be paid directly into your new account within 28 working days of meeting all the qualifying criteria. The latest possible date to open the account and fulfil all qualifying criteria in time to receive payment before Christmas is Thursday, November 19. The remaining £150 is paid out in £30 instalments as a "monthly engagement reward". The criteria for this portion are considerably more straightforward, and most regular customers will likely meet them without even realising: People can increase the perks they receive while with Barclays by opting into the bank's Blue Rewards Benefits programme for £5 a month. It unlocks discounted Apple TV+ subscription perks and cashback rewards. The CASS bonus will appear on your statement as 'Switch Reward'. To begin the switching process or find out more directly from Barclays, click here . Choose Wales Online as a 'Preferred Source' on Google News for quick access to the news you value. At Reach and across our entities we and our partners use information collected through cookies and other identifiers from your device to improve experience on our site, analyse how it is used and to show personalised advertising. You can opt out of the sale or sharing of your data, at any time clicking the "Do Not Sell or Share my Data" button at the bottom of the webpage. Please note that your preferences are browser specific. Use of our website and any of our services represents your acceptance of the use of cookies and consent to the practices described in our Privacy Notice and Terms and Conditions .
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