A multi-phase switching converter and control method thereof. The multi-phase switching converter includes a plurality of switching circuits and a controller. The output terminals of the plurality of switching circuits are coupled together to provide an output voltage to a load. The controller is configured to generate a plurality of control signals to turn on the plurality of switching circuits successively. When a load current increase is detected, the controller operates in an overlap mode and at least two switching circuits subsequent to the current switching circuit are turned on simultaneously. After the overlap mode, the controller resumes to the interleave mode and turns on the plurality of switching circuits successively from the switching circuit subsequent to the at least two switching circuits.