Santander is offering eligible customers £200
Santander is offering eligible customers £200 for free – but you’ll need to act quickly if you want to get your hands on the cash.
On its website, the banking giant states: “Some decisions in life you’re stuck with. Fortunately, your current account’s not one of them. Switch to an eligible Santander current account today and reap the rewards.” To claim the money, you’ll need to open an eligible current account and request a switch using the Current Account Switch Service (CASS) – before March 31, when the offers are expected to be withdrawn.
Santander adds: “Make sure the details you give us are correct and match those at your old bank”. Switches must be completed within 60 days and you’ll need to deposit at least £1,500 and maintain at least two active household Direct Debits to receive the funds.
Household Direct Debits include items such as mobile and landline bills, water and energy charges, TV subscriptions, and broadband packages. Unfortunately, the offer isn’t available to everyone.
Santander explained: “We can’t offer this if you held a current account with Santander on 1 January 2025 or, if you’ve previously received a Santander switcher incentive.” If all requirements are satisfied, Santander will pay the £200 90 days after the switch was requested.
Santander’s Everyday Current Account offers an optional arranged overdraft and no charges for using Santander cash machines while travelling, with no monthly usage fee. Their Edge current account carries a £3 monthly fee, but you can earn up to £10 cashback on certain household bills each month, gain access to an exclusive savings rate, and use your card overseas without incurring any fees.
You’re required to deposit at least £500 a month and maintain two active Direct Debits. Other current accounts are available, which come with higher monthly fees.
That said, these might be worth considering as they offer additional benefits and potentially more cashback each month.
