Switch to Co-operative Bank Current Account
Phased payout — conditions apply each paymentHow You Get Paid
- 1£125Switch bonus
Within 30 days of switch: deposit £1,500, set up 2 DDs, make 5+ card payments, register for online banking
Paid within 7 days of meeting criteria
- 2£25Month 1 reward
Deposit £1,500 + 2 active DDs + 5+ card payments in month 1
Ongoing monthly requirement
- 3£25Month 2 reward
Deposit £1,500 + 2 active DDs + 5+ card payments in month 2
Ongoing monthly requirement
- 4£25Month 3 reward
Deposit £1,500 + 2 active DDs + 5+ card payments in month 3
Ongoing monthly requirement
- 5£100Loyalty bonus (existing Coventry/Co-op customers only)
Must have held a Co-op Bank, smile, Coventry BS, Godiva or ITL Mortgages product on 21 June 2026. Apply by 17 August 2026.
Paid in November 2026. NOT available to new-to-group customers.
Full Requirements
- ✓Full CASS switch required
Your old account will be closed. Direct Debits and standing orders are moved automatically.
- ✓2 active Direct Debits must be movedCheap DD verdict:Yes
2 active Direct Debits must be moved via CASS. Cheap DDs qualify — the requirement is simply that they are active and collecting.
- ✓Deposit £1,500 within 30 days
Can be split across multiple payments as long as total reaches the minimum.
- ✓Make 5+ debit card payments
In-store, online, or via digital wallet (Apple Pay, Google Pay, etc.)
Make a cheap 30p card payment instead → - ⏱Complete within 30 days
All requirements must be met within this window from account opening.
Full Terms Summary
SwitchBonus sources terms from official bank websites and cross-references community reports. Always verify current terms directly with The Co-operative Bank before applying. We are not a financial adviser.