Called The Wall, the show is described as "the ultimate combination of strategy, knowledge and luck".
Alongside host Danny Dyer, the six-part series will see the questions voiced by TV legend, Angela Rippon.
The BBC teased: "Wildly unpredictable with heart stopping jeopardy, The Wall gives and The Wall takes away. Expect colossal wins and heart-breaking losses, this new game show really can change people’s lives in an instant.
"In this game, pairs need the right answers, the right bounces and cast-iron trust in one another to win a life-changing cash prize."
Danny Dyer said: “I’d never had a desire to host a gameshow before I saw this game. I couldn’t turn down the opportunity to help win the public some serious life-changing readies. I love it.”
Kate Phillips, Controller of Entertainment Commissioning at BBC, added: “The Wall is an exciting, challenging and tense quiz where destinies dramatically change with the drop of a single ball. Danny is an unforgettable and very unique host as he commands The Wall, roots for the contestants and hits our hearts and our funny bones.”
Richard Hague, Creative Director at producers Remarkable Television, commented: “This show is epic not just in scale, but in the drama that unfolds throughout the game. Having Danny at the helm means we’re in for a memorable, compelling and entertaining watch.”
Think you’ve got what it takes to beat The Wall? Applications are now open!
To be in with a chance of winning a life changing amount of money you can apply to take part by visiting www.bbc.co.uk/thewall
The Wall will air on BBC One later this year (2019).