Edge
Switching bonus from Santander
Bonus
£180
Penny's take
Solid all-round offer for bill-paying households. The £180 bonus is competitive, and the £3 monthly fee is effectively neutralised for most people by the up to £10 monthly cashback on household bills - making this genuinely worthwhile beyond the one-off payment. Fee-free overseas spending adds further everyday value.
The biggest catch is the eligibility restriction: you must not have held a Santander current account on 1 January 2025 or previously received a Santander switcher incentive. If the monthly fee still puts you off, the fee-free Everyday account offers the same £180 bonus but drops the cashback and linked saver.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Switch using the Current Account Switch Service (CASS)
- •Pay in £1500 and have 2+ active Direct Debits within 60 days of account opening
Things to check
- Only available if you didn’t hold a Santander current account on 1 January 2025, or if you haven’t previously received a Santander switcher incentive.
- £3 monthly fee applies but offset by bill cashback for most households. Note: £180 bonus also available on the fee-free Santander Everyday Current Account for those who don't want a monthly fee — cashback and linked saver not included on that account.
Account Benefits
Household-bill cashback
Earn 1% cashback up to £10 monthly on eligible household bills when the account conditions are met.
Fee-free card use abroad
Santander applies a 0% foreign-currency conversion fee to local-currency card payments and cash withdrawals; local ATM fees may apply.
No CHAPS or transfer service fee
Santander waives its normal service fee for CHAPS and international payments; exchange mark-ups and recipient-bank charges may remain.