TL;DR
Santander offers a £180 switch incentive to new customers who move to a qualifying current account using the Current Account Switch Service. The payment lands 60 days after the switch and requires two Direct Debits plus a minimum deposit during the qualifying period.
Santander has confirmed details of its current account switch incentive, which pays up to £180 to new customers who move to a qualifying current account using the Current Account Switch Service. The payment lands 60 days after the switch completes and requires customers to set up two Direct Debits and deposit a minimum amount during the qualifying period.
Which accounts qualify
The £180 switch offer covers selected Santander accounts, with the Edge or Edge Up accounts most commonly featured. Account features include monthly fees offset by cashback on selected Direct Debits.
Account fees and benefits should be compared against the switch incentive. The Edge account fee is £3 a month and the Edge Up account fee is £5 a month, so the headline £180 incentive translates into a different net benefit depending on the account chosen.
What customers have to do
Use the Current Account Switch Service to move from another UK bank. Switching at least two active Direct Debits across with the move counts towards the eligibility criteria.
Deposit at least £1,500 into the new account within the first 60 days. The exact deposit threshold can vary between offer rounds, so the current terms on the Santander offer page are the binding figure.
Timing of the £180 payment
The £180 lands in the new Santander account 60 days after the switch completes and after all qualifying criteria have been met. Santander confirms the credit through an in-app notification and the standard statement.
Switches that miss the criteria do not receive the payment. The account itself stays open and operates as normal, so customers who switched primarily for account features rather than the incentive can continue without disruption.
Cashback and account benefits
The Edge account pays 1 per cent cashback on selected household bill Direct Debits up to £15 a month and a fee-free debit card abroad. Edge Up extends the cashback cap to £30 a month and adds an in-credit interest rate on balances up to £25,000.
Switch incentives apply on top of these benefits but are typically paid only once per customer. Customers who have received a Santander switch payment in the past few years are usually excluded from a fresh offer.
How the Current Account Switch Service works
The Current Account Switch Service moves balances, Direct Debits, standing orders and incoming payments from the old bank to the new one within seven working days. Customers select the switch date when applying.
The service is backed by a guarantee that covers any switch-related errors. Customers who suffer a loss from a missed Direct Debit or standing order can claim through the new bank under the published switch guarantee rules.
Key facts
- Switch payment is up to £180.
- Payment lands 60 days after switch completion.
- Requires two Direct Debits and a minimum deposit.
- Edge fee is £3 a month, Edge Up £5 a month.
- Current Account Switch Service completes in seven working days.
FAQ
Who can claim the £180 Santander switch payment?
New customers switching a current account into a qualifying Santander account through the Current Account Switch Service. Two active Direct Debits and a minimum deposit during the qualifying period are required.
When does the £180 arrive?
60 days after the switch completes, provided the qualifying criteria have been met. Santander notifies customers through the app and the standard statement.
Which Santander accounts qualify?
Selected accounts including Edge and Edge Up, depending on the active offer round. The Santander switch offer page lists the eligible accounts at any given time.
Can I get the offer if I have switched to Santander before?
Usually no. Switch incentives are typically paid only once per customer, and previous Santander switch incentive recipients are excluded from new offers.
