We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Switching to Santander Lite
buyhighselllow
Posts: 283 Forumite
I don't think its worth my wife keeping her Santander current account as she pays no bills from it. The bulk of the money would be better off in Marcus etc.
Does "downgrading" to Lite actually involve any real changes ie Bank acc number and can it be done with a few clicks whilst online ?
I presume you lose the opportunity to contribute to their regular saver, which has just matured and is now down to 3% ?
Cheers
Does "downgrading" to Lite actually involve any real changes ie Bank acc number and can it be done with a few clicks whilst online ?
I presume you lose the opportunity to contribute to their regular saver, which has just matured and is now down to 3% ?
Cheers
Over £2K made from bank switches and P2P incentives since 2016 :beer:
0
Comments
-
buyhighselllow wrote: »I don't think its worth my wife keeping her Santander current account as she pays no bills from it. The bulk of the money would be better off in Marcus etc.
Does "downgrading" to Lite actually involve any real changes ie Bank acc number and can it be done with a few clicks whilst online ?
No and Yesbuyhighselllow wrote: »
I presume you lose the opportunity to contribute to their regular saver, which has just matured and is now down to 3% ?
Cheers
You presume wrongly. May I suggest you read the T&Cs of the Santander 123 Lite
https://www.santander.co.uk/info/current-accounts/123-lite-current-account/transfer-terms-and-conditions0 -
buyhighselllow wrote: »I don't think its worth my wife keeping her Santander current account as she pays no bills from it. The bulk of the money would be better off in Marcus etc.
Does "downgrading" to Lite actually involve any real changes ie Bank acc number and can it be done with a few clicks whilst online ?
I presume you lose the opportunity to contribute to their regular saver, which has just matured and is now down to 3% ?
Santander 123 Lite is part of what they refer to as Santander World, therefore it would be possible to keep the regular saver account.
Have you considered jugging your household bill payments so they are paid from her Santander account?
As far as I know she would keep the same account number if she switches to a different type of account.0 -
Having looked into it further it would probably make sense to both switch, I pay 80% of our DD's from the currentOver £2K made from bank switches and P2P incentives since 2016 :beer:0
-
To downgrade to 123 lite while logged in, use the apparently paradoxical 'upgrade online' option on the rh side ... then 123 lite/apply/transfer existing.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards