Santander UK has launched a new £200 switching offer which is open to new and existing customers who move their everyday banking to a Santander Edge, 123 Current Account or other eligible current account using the Current Account Switch Service (Cass).To qualify, customers need to complete the switch using Cass and, within 60 days, set up and maintain two active Direct Debits, deposit at least £500 a month, and log in to online or mobile banking.
The cash will then be paid into their qualifying Santander account within 30 days, which means it could arrive before Easter.
The bank said the £200 offer is for a limited-time only and can be withdrawn at any point once it has landed in the account.
To qualify, as well as meeting eligibility criteria, new and existing customers must have not previously received or participated in any other incentive for switching to any of Santander's accounts or any account with cahoot or Cater Allen, which are part of Santander UK.The eligible Santander accounts are Edge, 123, Select, Private and Everyday.Santander Edge launched in November and enables customers to earn up to £20 cashback on essential bills and spending, plus 4% interest on savings, for a £3 monthly fee.The new current account offers 1% cashback, capped at £10 a month, on grocery shopping and transport-based debit card spending.It also offers 1% cashback, capped at £10 per month, on household bills paid by direct debit, including council tax, gas and electricity, mobile, landline, broadband and paid-for TV packages.There is also a linked easy access savings account called the Santander Edge saver, offering 4% AER (annual equivalent rate) interest on balances up to £4,000, which includes a 0.5% bonus rate from the first 12Read more on dailyrecord.co.uk
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