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    Co-operative Bank switch bonus

    The Co-operative Bank often splits its switch incentive into an upfront payment plus monthly instalments for staying.

    The Co-operative Bank offer right now

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    Offer details are refreshed automatically every Monday from MoneySavingExpert's best bank accounts guide. Always confirm the terms with the bank before switching.

    Who is eligible for the Co-operative Bank switch bonus?

    Banking group: The Co-operative Bank. Bonuses are normally once per group, so check your history with every brand in it.

    • You must switch from a current account held with a different banking group.
    • Two or more direct debits normally need to move across with the switch.
    • No Co-operative Bank switch payment within the exclusion period in the terms.
    • The account usually has to stay open and active for the instalments to be paid.

    Short of direct debits? Read how to set up direct debits for a switch or set up a £1/month Switchy direct debit in a couple of minutes.

    Co-operative Bank switch timeline

    1. Day 0

      Open the new account and start the switch using the Current Account Switch Service (CASS).

    2. Day 1–3

      The new bank confirms your switch date and requests your balance, direct debits and standing orders.

    3. Day 7

      Switch completes. Payments in and out are redirected automatically for at least three years.

    4. Day 7–90

      Meet the pay-in, card spend and direct debit conditions inside the offer window.

    5. After the window

      The bank checks the criteria and pays the bonus, usually within 30 days.

    How to switch to Co-operative Bank

    1. Check you are eligible — most Co-operative Bank bonuses exclude anyone who has held an account with the same banking group recently or claimed a switch bonus before.
    2. Make sure the account you are switching away from has the required number of active direct debits. A £1/month Switchy direct debit is the simplest way to top these up.
    3. Apply for the qualifying Co-operative Bank account online or in the app, and choose the full switch option rather than opening the account on its own.
    4. Give your old account details, pick a switch date, and let CASS move your balance, direct debits and standing orders.
    5. Complete the offer conditions — the minimum pay-in, any debit card payments, and registering for mobile or online banking.
    6. Keep the account open until the bonus lands, then decide whether to stay or switch again.

    Before you switch to Co-operative Bank

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    We check the market every Monday. When a bank launches a new switch bonus or increases an existing one, you'll get one short email — nothing else.

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    Need direct debits for your Co-operative Bank switch?

    Set up a £1 monthly direct debit with Switchy and tick off the requirement most people fall short on.

    Set up your Direct Debit now