iFAST Bank Review: Enjoy a £5 Bonus and 2% Cashback on Every Purchase

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iFAST Global Bank is making waves in the UK banking scene with its customer-centric offerings, including a £5 sign-up bonus and a 2% cashback on debit card purchases. This review talks about these features and examines the bank's reputation among users.​

2% Cashback on Debit Card Purchases

iFAST Bank offers a 2% cashback on all debit card purchases, applicable up to a total spend of £2,000 (or equivalent in other currencies) each month. This means you can earn up to £40 monthly through this promotion, which is valid until 30th June 2025. ​

£5 Sign-Up Bonus

New customers can benefit from a £5 sign-up bonus by depositing and maintaining a balance of £500 or more in their account for three months. This straightforward incentive encourages users to experience iFAST Bank's services. ​

Referral Program: Earn More by Inviting Friends

iFAST Bank's referral program allows you to earn additional rewards by inviting friends. For every three friends who open an account and deposit at least £500 each between 1st March 2025 and 31st May 2025, you can earn a booster bonus of £25. Additionally, if your referred friends maintain a balance of £500 or more for three months, both you and your friend will receive an extra £5 each. This means you could earn up to £40 in total for referring the first three friends, with no limit of £5 each afterward. ​

Customer Feedback and Trustpilot Ratings

Customer feedback is a vital indicator of a bank's reliability and service quality. iFAST Global Bank has received positive reviews, boasting an excellent 4.4-star rating on Trustpilot from nearly 200 reviews, with 74% of them being 5-star ratings. The bank has expressed pride in its outstanding reviews and high ratings on Trustpilot. ​

Additional Benefits

Beyond cashback and bonuses, iFAST Bank offers:

• Multi-Currency Current Account: Access to GBP, USD, EUR, HKD, SGD, CNY, and JPY, allowing seamless international transactions.

• Competitive Interest Rates: Earn 3.5% AER (variable) on GBP balances, 1.5% AER on EUR, and 2.8% AER on USD, with no maximum interest caps. ​

• Numberless Visa Debit Card: Enhanced security with card details stored securely in the mobile app.

• Additional Cashback: This cashback card can also be stacked with Zilch to earn an additional 0.5% cashback.

iFAST Global Bank combines attractive financial incentives with innovative banking features. The 2% cashback on debit card purchases and the £5 sign-up bonus provide immediate value, while the multi-currency account and competitive interest rates cater to diverse banking needs. Positive customer reviews and high Trustpilot ratings further attest to the bank's commitment to quality service. For those seeking a modern banking experience with tangible rewards, iFAST Bank is a compelling choice.