MSE News: Santander launches cashback current account

tommyg01

dano24 wrote: »

Tommy - the standard current account never allowed free withdrawals in Europe - it did however allow free withdrawals at ANY santander cash machine in Spain or the Spanish Islands.


The only exception to this would be the Zero Current Account.

Thanks Dano 24.

I should have mentioned I use a Santander ATM when in Spain, so I have never paid charges. With all the talk about DD's not automatically transferable, I probable won't bother for approx £20 a year.

Tom

KTF

I believe the account number/sort code stays the same if you upgrade which is why no DD are transferred.

shazz5555

I went into local branch to get more details. Said I was on a DMP,was told no problem as this new account not credit scored. Made appointment to go back the next week when the 123 thing was due to start. However I applied on line instead as could have got cash back through a site I use. I received letter a few days later saying my application had been denied as they had done a credit check? I already have a normal current account with Santander, no over draft and always in credit, so not sure why I was refused. Not really that concerned though. Just seems to be that the financial advisor I spoke to i branch did not know what she was talking about!

ses6jwg

shazz5555 wrote: »

I went into local branch to get more details. Said I was on a DMP,was told no problem as this new account not credit scored. Made appointment to go back the next week when the 123 thing was due to start. However I applied on line instead as could have got cash back through a site I use. I received letter a few days later saying my application had been denied as they had done a credit check? I already have a normal current account with Santander, no over draft and always in credit, so not sure why I was refused. Not really that concerned though. Just seems to be that the financial advisor I spoke to i branch did not know what she was talking about!

did you apply for a new account or an upgrade?

shazz5555

Woman in branch said it would be a simple upgrade!!

KTF

Sounds like you applied for a new account rather than an upgrade.

shazz5555

I applied for 123 account on line. Was asked for account and sort number work details etc, which they already had. Never mind, nothing lost, was just hoping to get over 50 quid through cash back site.

Whitemonk

Martian_Lewis wrote: »

Not particularly. Most would probably have applied for the account as they would benefit from the interest. The cashback was simply a bonus. Santander probably caused a bit of confusion by emailing existing account holders the DD transfer form.

As regards the transfer of DD's, half a dozen phone calls and the job was done.

Thanks for making me smile this morning - I had to look twice at your username :money:

ses6jwg

shazz5555 wrote: »

I applied for 123 account on line. Was asked for account and sort number work details etc, which they already had. Never mind, nothing lost, was just hoping to get over 50 quid through cash back site.

if you applied for a new account online a credit score would have been done. obviously with a dmp it would be declined

you tried to be clever and get the cashback

you can upgrade your existing account without a credit check, provided you dont have an instant plus or a basic account at the moment

Scrounger

dano24 wrote: »

Oh dear... I have a feeling there will be a large number of disappointed people on MSE...

I have a feeling there will be a large number of Santander accounts closed very quickly if they don't honour our cashback.

And even more disgruntled Santander customers. :mad::mad::mad:

Scrounger