Overview

• The £180 incentive, launched at the end of May, remains available for new and existing customers moving to Everyday, Edge, Edge Up or Private current accounts.
• Santander issued an apology to individuals who held a Santander current account on 1 January 2025 or have previously received a switch incentive, making them ineligible.
• Switchers must use the seven-day Current Account Switch Service to transfer balances, direct debits and payees to their new Santander account.
• Participants are required to deposit at least £1,500 and set up two active household direct debits within 60 days of their switch request.
• Once all conditions are met, Santander guarantees payment of the £180 bonus within 90 days, reflecting a wider trend of UK banks offering cash rewards to attract customers.