Santander has written to bank account holders and customers telling them they can “win” by choosing to invest. The high street bank has told customers they would “feel like a winner” by investing and getting £20k back in their bank accounts.
Santander is offering its customers a chance to win £20,000 if they invest at least £1,000 in their bank account. The high street bank has sent out letters to its account holders, encouraging them to “win” by investing.
Santander stated: “Invest at least £1,000 in a Santander Stocks and Shares ISA 2024 to be in with a chance of winning the value of your investment back, up to a maximum of £20,000.”
They added that there would be one lucky winner each month during April, May, and June 2024.
The bank further clarified: “UK tax residents, 18+ only. New and existing Santander customers with Investment Hub account only. Invest at least £1,000 using an Investment Hub account to enter. Qualifying period for Prize Draw 1. 06/04/24 – 30/04/24 Prize Draw 2. 01/05/24 – 31/05/24.
“Prize Draw 3. 01/06/24 – 30/06/24. TandCs apply. Capital is at risk.”
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They continued to explain that they offer different ways to invest through their Investment Hub, allowing customers to make their own investment decisions.
According to Birmingham Live, customers can also choose to invest “using our Digital Investment Adviser” or by “arranging an appointment with one of our advisers (eligibility criteria apply).”
However, Santander cautioned: “Your capital is at risk and you may get back less than you invest. Investments should be held for the medium to long term, typically for at least 5 years or more.”
The bank’s statement further warned: “Protect yourself against fraud and scams. Never share a Santander One Time Passcode (OTP) with another person. Not even a Santander employee. Never move your money to a new account for security reasons. If you’re asked to do this, it will be a scam.”
It concluded by advising: “Never take things at face value. Criminals pretend to be people you trust. Always make sure you really know who you’re talking to.”
