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The Co-operative Bank launches new Switch and Stay offer

27 September 2024

3 min read

The Switch and Stay offer ended on Thursday 9 January 2025.

  • Eligible customers could receive up to £150; £75 upon completing a switch to The Co-operative Bank, and £25 per month for three months thereafter.
  • The Co-operative Bank offers a range of current accounts which new and existing customers can apply to switch to in order to benefit from the offer.

The Co-operative Bank has today announced the launch of a new Switch and Stay Offer, where customers could receive up to £150 for switching their current account to The Co-operative Bank.

The offer is available for a limited time to new and existing customers who switch to an eligible Co-operative Bank current account.

Customers who successfully apply to switch will have the Switch and Stay payments paid into their Co-operative Bank current account.

To qualify, new and existing customers must meet the eligibility criteria and terms and conditions.

Customers will need to meet the below eligibility criteria for the offer:

  • New eligible customers must apply for a Standard Current Account or Everyday Extra account before the offer is withdrawn.
  • Existing eligible Standard Current Account, Everyday Extra, Current Account Plus, Privilege and Privilege Premier customers must request a full switch into their existing account during the period in which the offer is live.
  • smile Current Accounts, Student Accounts and Cashminder Accounts are not eligible for this offer.
  • Eligible customers must not have benefitted from a switch incentive at The Co-operative Bank since 1 November 2022.
  • To receive the switch payment of £75, in the 30 days following completion of a switch, customers must:
    • deposit a minimum of £1,000 into their new account (this includes balances transferred as part of the switch).
    • have 2 active Direct Debits.
    • make a minimum of 10 debit card or digital wallet transactions (pending payments will not count toward fulfilment of this criteria).
    • register for our online and/or mobile banking service, and;
    • set up the debit card in a digital wallet (Apple Pay, Samsung Wallet or Google Pay).
  • New current account customers must apply for an account during the period in which the offer is live, and request a full switch within 2 weeks of account opening.
  • New and existing customers must complete a full switch into their eligible current account within 8 weeks of the switch being requested.
  • To receive the stay payments of £25 in the first three months, each month customers must:
    • deposit a minimum of £1,000 into their account.
    • have 2 active Direct Debits, and;
    • make a minimum of 10 debit card or digital wallet transactions.

More information regarding eligibility and further terms and conditions can be viewed on our Switch and Stay webpage.

John Ward, Director of Products, said:

"We're really pleased to launch this offer today and hope it will encourage more people to consider switching to The Co-operative Bank – the only UK high street bank with a customer-led Ethical Policy, which guides how we do business. This offer allows eligible new and existing customers to benefit from up to £150 for switching and staying with The Co-operative Bank as their main current account provider."

Contact

The Co-operative Bank Press Office

Landline: 0151 271 1985

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