Barclays explains exact amount you need to pay to get £200 bonus | Personal Finance | Finance
Barclays has spelled out the rules about how to get a £200 payment. The bank is offering a range of payments if you switch to them, paying out up to £900 depending on which offer you go for.
One of the offers is for £200 if you move over to a Barclays Bank Account, which you need to open in the app. You also have to sign up for Blue Rewards, which costs £5 a month.
There are several criteria you need to meet to get the bonus cash, one of which is to pay in £2,000 into your new account. A person reached out to Barclays to ask if they would need to deposit the £2,000 or if they just needed to open the account to qualify for the £200 payment.
Barclays responded to explain that paying in the £2,000 is indeed a necessary part of the deal. The group told the customer: “Part of the eligibility criteria is to add at least £2,000 to your new Barclays Bank Account.”
The rules on the Barclays website state that customers must “pay at least £2,000 into their new Barclays account within 30 days of opening it. You can pay this in all at once, or over multiple instalments”.
The bank is also offering a £400 payment if you switch to a Premier Current Account, in which case you need to pay in £4,000 into the new account within the same 30-day window. You can also get up to £500 for switching your ISA savings over to Barclays, meaning you can get up to £900 in total bonus cash.
To get either current account switch offer, you need to request a full switch by November 27, which need to include at least two active direct debits. The switch has to be completed within 30 days of when you request it.
You will receive either current account switch payment into your new account. This will be paid within 28 working days of meeting the eligibility rules.
Barclays will send you a text once you have met all the eligibility criteria. To qualify for the ISA switch offer, you need to request the switch by November 28.








