Earn 2% Cashback. Spend Smart. Get Rewarded. Ended on 30 June 2025.

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iFAST Global Bank

27 Mar 2025 · visibility 16876 views
This rate is no longer available. Please refer to our latest article or visit our website for the current interest rates.

Exciting news!

You can enjoy 2% cashback on all debit card purchases, up to a total spend of £2,000 or equivalent of in all currencies? That means you can get up to £40 cashback monthly on your everyday spending—whether it’s groceries, commuting, dining out, or treating yourself.

We continuously introduce new ways to reward our customers, ensuring you get more from your everyday spending. And it doesn’t stop there!

With our Multi-Currency Current Account (MCCA), you can also earn up to 3.5% AER (variable) on your balance. Interest accrues daily and is paid monthly, so whether you're saving or spending, your money works harder for you every day.

Here’s the best part, you don’t need to pay fees to earn interest or cashback.

When will I receive the cashback, I've earned?

The cashback will be credited on 30 April, 31 May, 30 June, and 31 July 2025, depending on the transaction period.

What happens if I withdraw all funds during the month?

If you withdraw all funds during the month, you'll still receive cashback for eligible spending before the withdrawal and interest for the days your money was in the account, as interest accrues daily.

Here’s the best part: You don’t have to pay any fees to earn interest or cashback.

When Will You Receive Your Cashback?

The Cashback will be credited on 30 April, 31 May, 30 June, and 31 July 2025, depending on the transaction period.

Debit card holders can earn up to £40 for each of the below Transaction Period, based on eligible transactions.

Refer to the fulfilment schedule below:

Transaction Period

Cashback Fulfilment Date

27 March to 31 March 2025

30 April 2025

1 April to 30 April 2025

31 May 2025

1 May to 31 May 2025

30 June 2025

1 June to 30 June 2025

31 July 2025


When will my cashback appear in the app?

Cashback-eligible transactions will show in your transaction list only after they’re fully completed—typically within 2–4 business days, depending on the merchant.

What types of transactions are excluded?

Most everyday purchases made in-store or online, using either your physical or digital card, are eligible for cashback, unless they fall under excluded categories.

Some transactions don’t qualify for cashback.

These include:

  •  Cash withdrawals
  •  Balance or fund transfers
  •  Gambling and cryptocurrency transactions
  •  Insurance payments
  •  Parking fees
  •  Real Estate (rental payments, property management)
  •  Securities trading and brokerage payments

For a detailed list of excluded transactions, you may refer to Cashback Program Terms and Conditions.

Will I earn cashback when making payments through a third-party wallet?

Once the debit card is launched, we will support Google Pay. We’re also working to enable Apple Pay soon—stay tuned for updates directly from us once it’s live. Other digital wallets are not supported.

Need help?

If your transaction doesn’t fall under the excluded categories and still isn’t showing after 4 business days, feel free to contact us via Live Chat, or email us at clienthelp@ifastgb.com

Get started today and enjoy a rewarding banking experience.

T&Cs apply.


iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).

iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.

Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.