Overview

• Santander’s £180 switching incentive expires at 23:59 BST on July 30, with switches instructed via the Current Account Switch Service still valid if completed within 60 days.
• To qualify for the bonus, customers must pay in at least £1,500 and set up two household direct debits on their new account within the 60-day switch window.
• Eligibility is confirmed 60 days after the switch instruction, and successful applicants receive their £180 payment within 30 days of that assessment.
• New Edge credit card applicants now face a £4 monthly fee, up from £3, and a reduced maximum cashback cap of £10 per month, while existing cardholders retain current benefits temporarily.
• Competitors such as Lloyds (£200) and Nationwide (£175) continue to report net customer gains, as switching volumes fell by 28% in early 2025.