Santander is offering a fresh incentive of £180 to both new and existing customers. The bank will provide the complimentary cash when you transfer to a current account using the Current Account Switch Service.
You can receive the funds by switching to any of the following current accounts: Santander Everyday, Edge, Edge Up, or Private (version 2). Anthony Warrington, Santander UK’s head of banking, stated: “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.”
What qualifying conditions do you have to meet to get the £180 Santander switch offer?
To be eligible for the cash payment, you must submit a switch request online or in-branch starting today (May 29) until the offer is withdrawn.
Also within 60 days of your request to switch, you need to:
- Complete the full switch, including closing your old account
- Pay in at least £1,500 into your new Santander account
- Set up at least two active household direct debits
Once you’ve met all the requirements, the £180 will be paid within 90 days of initiating the switch process. Customers should note that you will not qualify if you had a Santander current account on January 1, 2025.
Existing customers with one of the eligible Santander accounts can also claim the bonus cash, by transferring their balances and direct debits from another provider. Other banking customers are set to receive a financial boost, as Nationwide announced today that it will once again pay out £100 through its Fairer Share Payment scheme to its loyal customers.
To qualify for the cash, you must be a member with either a qualifying current account, a qualifying savings account or a qualifying mortgage, and meet other specific criteria. Eligible members will receive their payment between June 18 and July 4, 2025. The funds can only be paid into an active Nationwide current account.
