Can you have a Santander123 AND 123 lite?

kuepper

I started a switch of my 123 but now wondering if it's worth / if it's possible to open a 123 lite before it happens so I can continue to save in a regular saver a/c. I've started one from my original 123 a/c (currently 2.5% though if I was made to start a new one from 123 lite it's down to 2% now). If so I could move 2 DD to cover the £1 fee and it would also give me another current a/c to be bribed to switch in the future when things get back to 'normal'.I messaged Santander about 3 days ago asking them if it was possible and not had a reply as they are obviously stretched.

Neil_Jones

You can only have one regular saver anyway per account, but you can still have the Santander Regular eSaver even with the Lite.

ceredigion

Yes you can have the lite and the 123 at the same time. There is no need to pay the £1 a month either.

abz88

ceredigion said:

Yes you can have the lite and the 123 at the same time. There is no need to pay the £1 a month either.

What do you mean by there is no need to pay the £1 a month? I'm not aware of any ways to get out of the fee for a 123 Lite?

Notepad_Phil

The only way I can think of getting round the £1 payment is to have never received any cashback in the first place - as per the key fact document which says "Once you have met the cashback criteria for the first time, you will begin to be charged the £1 monthly fee".