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Everyone flocking to Santander?
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ceredigion wrote: »Apologies for my grammar eskdanker,
What I was trying to say is that they are both uk regressed banks so one offers no benefit over the otherGoing backwards?:)
Now I have to find a definition for an eskdanker.
Apologies, ceredigion, but I could not resist.0 -
Since a while ago, I have been arguing the case that they would be losing customers. Quite a few people here on MSE were saying they would end up with more customers. So, from thsi CASS statistics it is evidence now that these people got it wrong.
Their net loss was only 88 customers, but this statistical data is just about CASS (e.g switching).How many people have downgrade d their account from Santander 123 to Santander 123 lite has not been indicated in this statistics.
So from this CASS statistics, how much money is flowing out from Santander 123 coming from people with multiple Santander 123 accounts with about 20k each, to the other banks has not been indicated.
I believe Santander might have learnt the lesson by now.Well the latests CASS switching dashboard (published January 2018, with win/loss data for Q2 2017) suggests a very different story. (see page 4)
https://www.bacs.co.uk/DocumentLibrary/CASS_dashboard_-_published_24_Jan_18.pdf
Ok, their net loss was only 88 customers, but in terms of the banks people were flocking to, Nationwide and TSB were the clear winners.
The message from the stats is banks offering good switching deals and interest rates attract lots of customers... and Santander haven't really offered anything special for a long time.0 -
What annoys me is the music they constantly play in Santander branches - think the track is called ‘A Namorada’ - I know it was featured in the film Speed 2:Cruise control0
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I have been arguing the case that they will be losing customers since a while ago. Quite a few people here were saying they will end up with more customers. So, it is evidence now that these people got it wrong.How many people have downgraded their account from Santander 123 to Santander 123 lite has not been indicated in this statistic.So in this CASS statistics, how much money is flowing out from Santander 123, coming from people with multiple Santander 123 accounts containing about 20k each, to other banks has not been indicated.I believe Santander might have learnt the lesson by now.
EDIT: Must you always edit your posts? Anyway, you can see I responded to your pre-edit 1st para (which you subsequently edited to add a CASS reference).0 -
What annoys me is the music they constantly play in Santander branches - think the track is called !!!8216;A Namorada!!!8217; - I know it was featured in the film Speed 2:Cruise control
Ah, but I read an article in a newspaper that says they play Y Viva Espana in their Spanish branches, so all is not lost!
I know it was featured in Top of the Pops , 1974:
https://www.youtube.com/watch?v=W7aPp-4z-uw0 -
Ah, but I read an article in a newspaper that says they play Y Viva Espana in their Spanish branches, so all is not lost!
I know it was featured in Top of the Pops , 1974:
https://www.youtube.com/watch?v=W7aPp-4z-uw
Bur you can't beat the Go-To bank's silly adverts !!0 -
Since a while ago, I have been arguing the case that they would be losing customers. Quite a few people here on MSE were saying they would end up with more customers. So, from thsi CASS statistics it is evidence now that these people got it wrong.
https://forums.moneysavingexpert.com/discussion/comment/72270668#Comment_722706680 -
Er... there's no remote possibility that the OP has invested heavily in Santander shares, by any chance, is there..?
No, no... silly idea. Stupid of me. Slap wrists...0 -
@Op: have you considered hsbc? Although different operations in Spain and uk. You may be able to use same internet banking etc. Doubt you'll save any money on transfers. As banks charge a lot more than folks like transferwise, currencyfair, transfergo etc.
Can you not open an account with other banks based in Spain?
Btw. Doubt it's customer service that's making everyone flock to Santander. I had endless problems getting a dormancy block removed on an old savings account. The account had less than 5 pounds. Had to go to ombudsmen to resolve it.0
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