How much is the Co-op Bank switch bonus?

Co-op Bank is currently offering a £75 bonus when you switch your current account using the Current Account Switch Service (CASS).

What are the requirements for the Co-op Bank switch bonus?

You need to complete a full CASS switch to Co-op Bank, which typically requires setting up direct debits and making an initial deposit. Check the requirements section on this page for full details.

How long does it take to get the Co-op Bank switch bonus?

The switch itself takes 7 working days via CASS. The bonus is typically paid within 2-5 weeks after the switch completes, depending on Co-op Bank's processing times.

Does Co-op Bank have a monthly fee?

No, the Co-op Bank account has no monthly fee, so you keep the full £75 bonus.

Can I switch to Co-op Bank if I've had an account before?

Most banks require you to be a new customer or not have held an account within a certain period. Co-op Bank typically has a cooling-off period of 12 months. Check the specific eligibility rules on this page.

Banks / Co-op Bank

Co-op Bank

Part of Co-operative Bank

£75

Switch bonus51% recommend

Quick Facts

Bonus

£75

Offer type

Bank switch

Cooling-off

12 months

Banking group

Co-operative Bank

Requirements

Request full CASS switch within 2 weeks of opening
Complete switch within 8 weeks
Deposit £1,000+ within 30 days
2 active direct debits
For monthly bonuses: £1,000/month deposit, 2 DDs, 10+ card transactions
Cannot have received Co-op switch incentive since 1 Nov 2022

Perks

£100 upfront + £25/month for 3 months (£175 total)
7% AER Regular Saver (up to £250/month)
Ethical banking

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Apply for Co-op Bank Track This Switch

Banking Group — Co-operative Bank

Switching between banks in the same group usually doesn't qualify for a bonus. Cooling-off periods are often shared.

Co-operative Bank

Regular Saver

Rate

Max monthly

£250

Term

12 months

Est. interest

~£114

Requires a Co-op current account current account.

Compare all regular savers

Offer History

Track how Co-op Bank's switch bonus has changed over time.

Bonus	Type	Started	Ended	Duration
£75	switch	18 Mar 2026	Current	Ongoing
£100	switch	1 May 2025	18 Mar 2026	321 days
£75	switch	1 Jul 2023	31 Dec 2024	549 days
£100	switch	1 Nov 2022	30 Jun 2023	241 days
£75	switch	1 Jan 2021	31 Oct 2022	668 days

Trend Analysis

Historical average

£85

Trend

Decreasing

Offers tracked

Compare Co-op Bank

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