Santander is Paying £180 Directly into Bank Account: Here’s Who will get this payment

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Santander is Paying £180 Directly into Bank Account: Here’s Who will get this payment. Santander has unveiled a new switching incentive, providing new customers £180 to transfer their banking to them. The offer was launched on 29 May, and the high street banking behemoth states that both new and existing customers are eligible if they switch to its Everyday, Edge, Edge Up, or Private current account. A number of banks are running switching offers at the moment, with others including TSB and First Direct. To know more about the topic “Santander is Paying £180 Directly into Bank Account: Here’s Who will get this payment,” read the complete article.

Santander is Paying £180 Directly into Bank Account

Santander has initiated a new cash-switching deal that will pay £180 into bank accounts. New customers can carry the cash by switching to Santander and opening the Edge account. It’s one of the newest cash deals from one of the big banks and has been pointed out by money experts as an effortless method to make some quick money. Many banks are running switching offers at the moment, with others including TSB and First Direct. The bank will provide £180 to new and existing customers who move their bank account to a Santander Everyday, Edge, Edge Up, or Private current account.

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The Santander Edge account provides £180 in cash and also includes access to a 6% easy-access savings account and 1% cashback on bills. MSE said, “Free £180, 6% easy-access savings, 1% bills cashback and a top overseas debit card. As well as the free cash, for a £3/month fee, switching to the Santander Edge account can net you a total of £20/month cashback.

  • 1% back on energy, council tax, broadband, TV, mobile, and water bills
    (max £10/month)
  • 1% on supermarket, fuel and train spending (max £10/month). through this will end for all customers on September 9.

Here’s Who will get this Payment

You will not be able to receive the money if you had any Santander current account on 1 January 2025. But if you’ve opened one since then, you’ll be eligible, as will anyone who still doesn’t have an account. The accounts you are required to open or have opened this year are

  • Edge
  • Edge Up
  • Everyday
  • Private
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You won’t be eligible if you’ve ever had a shifting bonus from Santander. This comprises the £50 refer-a-friend offer that used to run and offers for Cahoot or Carter Allen banks, which are part of Santander. You are also required to be a resident of the UK.

How to Get Your Santander £180 Switch Incentive

Open a new Santander Edge, Edge Up, Everyday or Private (v2) current account online or book an appointment in a branch. (Your current account that you held can be switched to your existing Santander current account.)

Use the Current Account Switch Service and submit to switch your external current account to your eligible account before we remove our offer. Your old account will close as part of this process. Existing Santander account holders can submit a switch in online banking or book an appointment in branch.

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Within 60 days of the initial switch request, you must have:

  • Complete the full switch using the Current Account Switch Service.
  • Paid at least £1,500 into your eligible account.
  • 2 active selected household Direct Debits on your eligible account.

Direct Debits must stay active on the day we make the payment.
Selected household Direct Debits comprise your council tax, mobile phone, home phone, broadband, paid-for TV packages, water, gas, and electricity bills.

Note to Editors

  1. The £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 UK residents switching from an external provider (not including Santander, cahoot or Cater Allen) to qualify for the offer.
  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 20 days after that assessment.

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