Overview
- Santander is offering £200 for switches to eligible accounts via the Current Account Switch Service, with payment made within 30 days once checks are complete.
- To qualify, customers must request a switch on or after 10 November, complete a full switch within 60 days, pay in at least £1,500, and set up two active household direct debits; the deposit does not need to remain in the account.
- Eligibility excludes anyone who held a Santander current account on 1 January 2025 or who has previously received a Santander switch bonus, and switches from Santander, cahoot or Cater Allen are not permitted.
- Santander is also offering a free 12‑month Kids Pass when a new savings account or cash ISA is opened and credited with at least £100 within 30 days, limited to one code per customer.
- Rivals are competing too, with Barclays paying £200 on its standard account or £400 for Premier, Lloyds offering £200 plus a refer‑a‑friend scheme worth up to £250, and Nationwide, NatWest and First Direct each paying £175 to switch.