Santander introduces a £150 bank account transfer offer
In the competitive banking landscape, it's worth considering a change if your current bank isn't meeting your needs. Santander, one of the leading banks, is currently enticing customers with a cash bonus for switching to a new current account.
The deal is simple: open a new account with Santander, pay in at least £1,500, and set up a minimum of two direct debits within 60 days of requesting the switch. By doing so, you'll be eligible for a £150 cash bonus, which will be received within 90 days of the switch.
However, it's important to note that this offer is not available to customers who have received a switch incentive from Santander since September 2021. Also, the deal usually involves closing an existing current account.
The Santander Edge saver account, which offers 6% AER, makes this offer even more attractive. This savings account is one of the best on the market.
Santander is not the only bank offering such incentives. Six banks, including Nationwide, Lloyds, First Direct, NatWest, and Co-operative, also provide current account switching bonuses.
For residents only, the current account switch service will handle the transfer of all direct debits and standing orders within seven days. Existing Santander customers can also get the £150 switch bonus by switching to an eligible account through the bank's online app or in-branch.
If you pay household bills from your current account, the Santander cashback offer could be particularly attractive. If you qualify for the maximum cashback, you could receive £240 a year.
While Santander's offer is not the biggest bonus available, with Lloyds offering £200, it's worth considering the switch, especially if you haven't changed your current account since you were 18.
For precise requirements for a £150 cash bonus from Santander UK specifically, it's recommended to visit Santander UK’s current promotions page or contact customer service directly. The bonus is available for customers who switch to any of Santander's eligible current accounts.
The Santander Edge account, which charges £3 a month, offers 1% cashback on household bills (up to £10 a month), 1% cashback on supermarket spends (up to £10 a month), and fee-free foreign transactions.
In conclusion, Santander's current account switching offer provides a significant incentive for those seeking a new banking partner. However, it's always advisable to check the latest bonus/promotional offers on Santander’s official site or mobile app for the most accurate information.
- To maximize your personal-finance savings and potentially improve your business cash flow, you might want to consider switching to Santander's new current account, which offers a £150 cash bonus and various perks on household bills and supermarket spends with the Edge account.
- If you're looking to boost your personal-finance management and benefit from competitive finance offers, it's worth exploring Santander's current account switching deal, along with similar offers from other leading banks, such as Nationwide, Lloyds, First Direct, NatWest, and Co-operative.
