Overview

• Cashback is split between 1% on eligible debit card spending capped at £10 a month and up to £10 a month on qualifying household direct debits.
• The linked Edge Saver pays 6.00% AER on balances up to £4,000, including a bonus rate for the first 12 months after opening.
• Perks include worldwide family travel and mobile phone insurance, UK and European breakdown cover, 24/7 remote GP access, no FX fees on overseas purchases, and no Santander fees on international transfers.
• Eligibility requires UK residency and age 18–73, joint holders must share an address to access insurance, only one Edge Explorer is allowed per person, and cashback accrues from the month the account is opened.
• Analysts say the fee can be offset by cashback and interest for active users, and the offering competes with rival packaged accounts such as Nationwide’s FlexPlus with a £175 switching incentive.