santander123 - is it worth it for me?

innovate

Yes, you get 3% AER at Lloyds and BoS, and 5% AER at Nationwide. (post # 109 on the same subject, it's exhausting).

SallySunshine

Don't you have to have the 123 credit card to be able to get free withdrawals abroad?
If so although the card may be free of charge the first year, there is an annual charge for it.

ManAtHome

No, the 123 debit card gets you free withdrawals at Santander ATMs in Spain (including Canaries).

Dunno about the CC (I use Halifax Clarity elsewhere) - is that Spain-specific as well, or does it 'freebie' everywhere?

carlo_koko

ManAtHome wrote: »

No, the 123 debit card gets you free withdrawals at Santander ATMs in Spain (including Canaries).

Dunno about the CC (I use Halifax Clarity elsewhere) - is that Spain-specific as well, or does it 'freebie' everywhere?

Santander DC, free ATM Spain ONLY. Only Halifax Clarity Free worldwide.So far!

SallySunshine

Rather puzzled by this,
I had a Santander current account and have switched to the 123 one.
Told them I didn't want a 123 credit card so will just carry on using my Santander/MBNA one.
However never thought about the debit card. Do they issue a special 123 one as the one I have at the moment just states Santander Debit.

This query is only because we visit Spain frequently and usually just pre-load with FairFX. Being able to withdraw euros from Santander ATM's without charge would be another useful fall-back/emergency, even though the nearest branch would be 30km away.

I've trawled through Santander site but can only find that a debit withdrawal abroad is charged, and quite highly too.

I could ring them but am curious to hear about it here.

ManAtHome

SallySunshine wrote: »

Do they issue a special 123 one as the one I have at the moment just states Santander Debit.

Mine's a 'new account' and card not branded 123 either.

The Spain thing is tucked away very near the bottom of this page http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237873377908&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateA2 - whether 60km of petrol is worth the savings.... (the few places I go have Santander branches within 10 mins walk).

carlo_koko

Geoff_W wrote: »

Ignoring cashback, to cover the £24 annual charge:-

Keep in £800 if you are a non-Taxpayer (£800 @ 3% = £24)
Keep in £1,000 if you are a Basic Rate Taxpayer (£1,000 @ 3% - 20% Tax = £24)
Keep in approx £1,350 if you are a Higher Rate Taxpayer (£1,350 @ 3% - 40% Tax = £24.30)

Sorry,how do you get :Keep in £800 if you are a non-Taxpayer (£800 @ 3% = £24) ,Santander ?
thanks

YorkshireBoy

carlo_koko wrote: »

Sorry,how do you get :Keep in £800 if you are a non-Taxpayer (£800 @ 3% = £24) ,Santander ?
thanks

Would you have understood it better if it had been written?...

£800 x 3% = £24

Or

£800 x 0.03 = £24

carlo_koko

YorkshireBoy wrote: »

Would you have understood it better if it had been written?...

£800 x 3% = £24

Or

£800 x 0.03 = £24

Easy,yeh!
meant how you get 3% on £800?
Santander T&C keep min 1k to get 1%.M I right?

YorkshireBoy

carlo_koko wrote: »

Easy,yeh!
meant how you get 3% on £800?
Santander T&C keep min 1k to get 1%.M I right?

Ok I see where you're coming from now.