Santander wants customers to claim up to £150 cash back

Here’s who can get the cash, and when

Santander has contacted many of its UK customers to let them know they may be able to claim up to £150 cashback. In emails, the bank is urging people to “protect your tomorrow”.

Part of the message reads: “We know life can get hectic, and taking care of everything on your to-do list can sometimes seem impossible. But, we’re here to help you take the first step towards lasting peace of mind.” The emails go on to say that customers can secure £100 cashback with any new life insurance policy, with the funds credited automatically without needing to submit a claim.

Premiums begin at £5 per month, Santander added, and there are various cover options including policies for families, over-50s, and critical illness protection. Santander also said: “This offer could be withdrawn at any time.

“You’ll get your cashback 280 days after you’ve taken out a policy as long as you haven’t cancelled it. If your policy’s in joint names, only the first named policyholder will get the cashback. T&Cs apply.”

Additional details on Santander’s website explain that new Santander life insurance customers will receive £100 cashback when purchasing a new life insurance policy, while new and existing Santander mortgage, Private Banking, Select and current account holders from the Santander Edge current account range will receive £150 cashback when purchasing a new life insurance policy.

Elsewhere, eligible banking customers who transfer their current account to Santander could get a £200 reward. Santander confirmed it will “transfer £200 into your eligible account within 90 days of your request to switch when you use the Current Account Switch Service [CASS].”

You must also finalise the complete switch within 60 days, deposit at least £1,500 into the account, and maintain two active household Direct Debits. Those who held a current account with Santander on January 1, 2025, or have previously claimed a Santander switcher incentive, will not qualify for the switching reward.

Offer may be withdrawn at any time. T&Cs apply.