Skip to main content
Personal Business

Back-to-school boost: The Co-operative Bank relaunches £175 Switch Offer as schools return

9 September 2025

3 min read

  • The offer enables switchers to receive up to £175 cash and exclusive access to 7% AER interest regular saver.
  • Parallel Everyday Extra packaged account offer could earn customers up to £229.

The Co-operative Bank has today announced the launch of its new switching offer, where customers could receive up to £175 for switching their current account to The Co-operative Bank; £100 upon completing a switch to The Co-operative Bank, and £25 per month for three months thereafter.

Customers who switch to an Everyday Extra account can also get three months free access to travel insurance, breakdown cover and mobile phone insurance, bringing the total reward value to £229.

Co-operative Bank current account holders benefit from exclusive access to savings accounts, including the current best buy Regular Saver product which encourages customers to save through 7.00% interest (gross/AER) on up to £250 per month.

John Ward, Chief Commercial Officer at The Co-operative Bank, said:

"As the school bells ring and families settle back into their routines, many will be feeling the financial strain – from new uniforms to packed lunches, the costs quickly add up.

For those who have done a bit of light homework on making the most of their money, we’re offering a timely reward to help ease the pressure. And whether you’re a parent or not, it’s a nice pick-me-up for your balance after a summer splurge."

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 switching payments paid into their Co-operative Bank current account.

ENDS

Media Contacts

Sophie McHale, Senior Public Relations Lead

Tel: 0151 271 1985

Email: pressoffice@co-operativebank.co.uk

Notes to Editors

*Accounts included in the offer are a Standard Current Account, Current Account Plus, Privilege, Privilege Premier or Everyday Extra account.

To qualify for the £175 switching offer, new and existing customers must meet the eligibility criteria and terms and conditions:

  • New current account customers must apply on or after 9 September 2025 for a Standard Current Account or Everyday Extra account, before the offer is withdrawn.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 £100, 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;
  • 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.

Parallel Everyday Extra account ‘3 Months on Us’ offer.

Co-operative Bank current account customers have exclusive access to select savings accounts.

About The Co-operative Bank

The Co-operative Bank p.l.c. provides a full range of banking products and services to retail and SME (Small and Medium Sized Enterprises) customers and is committed to values and ethics in line with the principles of the co-operative movement.

In 1992, The Co-operative Bank took the pioneering step to become the first UK bank to launch a customer-led Ethical Policy, which gives the Bank’s customers a say on the ethical issues that are important to them, and how the Bank could help. These answers form the basis of our Ethical Policy, shaping the Bank’s ethical commitments, the way in which it will use customer’s money and the issues it will campaign for. Since 1992, the Ethical Policy remains unique in the UK and has been updated six times in consultation with the Bank’s customers, to reflect their changing priorities.

Contact

The Co-operative Bank Press Office

Landline: 0151 271 1985

Not found what you're looking for?

Contact our support team

Visit a branch
Call us