Santander has clarified who will see the cash land in their accounts, and when
Santander has told customers they may see up to £150 land in their bank accounts. The banking giant has sent emails out this week, outlining who will be eligible for the cash, and whether they’ll receive £100 or the full £150 when certain actions are taken.
Part of the messages read: “You’ve got a lot on your plate – work, family, life. But some things are worth taking a moment for. With Santander life insurance, protecting your loved ones is simple. You can get a quote online in just a few minutes.”
Santander has added that once a policy is taken out, monthly payments will never increase. The life insurance is undertaken with Aviva, the nation’s biggest insurer, and said that 99.8% of Aviva life insurance claims were paid out in 2024.
With any new life insurance policy, customers will receive £100 cashback. However, if you’re a Santander mortgage customer, Select customer, or you have a current account from the Santander Edge range, you’ll get £150.
The money is paid directly into your account, so you don’t need to claim. Santander said terms and conditions apply, and that the offer can be pulled at any time.
Cashback is paid into your account 280 days after the policy has been taken out, providing it hasn’t been cancelled. The cashback will only be paid once per customer and on one policy only.
Quotes, Santander added, can be obtained online within minutes.
