From today (29 May 2025), new and existing Santander customers can nab themselves £1801 when switching to eligible current accounts, including the bank’s fee free Everyday Current Account.
Customers using the Current Account Switch Service (CASS)² to switch to a Santander Everyday, Edge, Edge Up, or Private (v2) current account can qualify for the new £180 switcher offer3.
To be eligible to snap up this offer, customers must:
•Submit a switch request either online or in branch from 29 May 2025 and before the switcher offer is withdrawn,
•Complete the full switch within 60 days of the initial switch request, including closing their external account,
•Pay in at least £1,500 to their eligible Santander account within 60 days of the initial switch request, which can be done through multiple payments,
•Set up at least two active household Direct Debits within 60 days of the initial switch request, and
•Not have held a Santander current account on 1st January 2025.
Eligible customers4 will receive their £180 payment within 90 days of starting the switch process5.
Anthony Warrington, Head of Banking at Santander UK, said: “Summer is fast approaching, and many people will be saving up for the holidays - whether it be for that trip abroad, festival, or day out with the family. That’s why we’re pleased to be introducing our new £180 switcher incentive, providing even more value for customers making the move to Santander. It’s a simple, straightforward way to get rewarded for switching, while benefitting from our range of popular current accounts – making your money go that little bit further this summer.”
From 9 September 2025, Santander’s Edge and Edge Up account will no longer offer customers 1% cashback at supermarkets and on travel costs when using their debit card. Customers will continue to receive 1% cashback on selected household bills, up to £10 for Edge and £15 per month for Edge Up, alongside fee free transactions abroad.
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions
Notes to Editors:
1.ճ £180 switching offer is for a limited time and can be withdrawn at any time.
2.Existing Santander Edge current account, Edge Up current account, Everyday Current Account and Private current account (v2) customers, can also use the Current Account Switch Service (CASS) to transfer their balances and direct debits from bank accounts with other providers into their existing Santander current account to benefit from the offer.
3.The Current Account Switch Service (CASS) makes switching simple, by transferring the existing current account balance, and all direct debits, standing orders and salary commitments, within seven days.
4.Customers must be a UK resident switching from an external provider (not including Santander, cahoot or Cater Allen) to qualify for the offer. Customers won’t qualify if anyone named on the new account held a Santander current account on 1 January 2025 or has received a switch incentive from Santander before.
5.Santander assesses whether a customer has achieved eligibility for the offer 60 days after the switch through CASS has been requested. If eligible, the £180 payment is then made within 30 days after that assessment.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2024, the bank had around 18,000 employees and serves around 14 million active customers, including 7 million digital customers via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2025, Banco Santander had €1.4 trillion in total funds, 175 million customers, 7,900 branches and 207,000 employees.