Santander is offering eligible customers a huge bonus
Santander has announced plans to hand eligible customers a generous £240 cash boost, with payments promised “within 90 days”.
The banking giant has confirmed that those who switch to its Everyday Current Account and deposit £200 into its Regular Saver will qualify for the payment, subject to certain conditions. The deal is exclusively available to those who didn’t hold a Santander current account on January 1 of this year, or haven’t previously pocketed a Santander switcher incentive.
To get your hands on the cash, you’ll need to open an Everyday Current Account and request a switch via the Current Account Switch Service (CASS). “Make sure the details you give us are correct and match those at your old bank. If any details need updating do this before you switch.”
You’ll also need to complete the switch within 60 days of your request, have at least two qualifying household Direct Debits, and deposit £1,500 into your Everyday Current Account. Qualifying household Direct Debits include council tax bills, mobile and home phone bills, broadband and paid-for TV packages, gas and electric bills, and water bills, Santander confirmed.
Within 60 days of your switch request, you must also pay at least £200 into a Santander Regular Saver held in your name. “You can open a new Regular Saver or use a Regular Saver you already have open.”
Your previous account will be shut down once the transfer is finalised.
If you satisfy all eligibility requirements, Santander will credit you the £240 within 90 days. The bank added: “Please note you must continue to hold both your Regular Saver and Everyday Current Account, including two active household Direct Debits, on the date we make the switcher offer payment.”
The Everyday Current Account features no monthly charges, no charges for using Santander cash machines abroad, and an optional arranged overdraft facility. Meanwhile Santander’s Regular Saver provides 8% AER/gross (variable), including a 5% AER/gross (variable) bonus rate for the first 12 months, and you can deposit up to £200 a month from your Santander current account.
Terms and conditions apply, and the offer may be withdrawn at any time.