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£160 cashback for Santander Switch for new and existing customers

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 5 August 2022 at 10:39AM
    Can anyone clarify if you can switch donor account A to one bank that needs the DD, get the bonus, then move the DD to another donor account to switch that?

    I can't see any terms that say you must switch 2 DD and retain them rather than just having for the transfer
  • PRAISETHESUN
    PRAISETHESUN Posts: 5,018 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Can anyone clarify if you can switch donor account A to one bank that needs the DD, get the bonus, then move the DD to another donor account to switch that?

    I can't see any terms that say you must switch 2 DD and retain them rather than just having for the transfer
    You are correct. Once the incentive payment has been paid you are no longer required to maintain any DDs to keep the bonus (ie. it cannot be reclaimed for cancelling your DDs). There might be ongoing DD requirements to maintain the account depending on account type, but that is completely separate from the switch incentive. 
  • Olinda99
    Olinda99 Posts: 2,042 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Just to confifrm the Santander switching team can be contacted on 0800 085 2202
  • WillPS
    WillPS Posts: 5,343 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Alex9384 said:
    RN61 said:
    Echoing previous commenters, historically Santander hasn't often checked whether applicants have benefited previously 😉

    When I log in and click on my Everyday current account, there's a "Product name" below it, which says EVERYDAY CURRENT ACCOUNT SWITCHER. Perhaps the "switcher" makes it more obvious that I've already switched to them earlier?

    I wonder what happens if you change your account type to 1-2-3 Lite (and then back again)?

    I can see the 'Switcher' note on my 1-2-3 Lite too
  • eskbanker
    eskbanker Posts: 38,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Olinda99 said:
    Just to confifrm the Santander switching team can be contacted on 0800 085 2202
    Did they offer an opinion on your question about the Amazon incentive and/or advise whether they'll process switches into existing accounts by phone?
  • Olinda99
    Olinda99 Posts: 2,042 Forumite
    1,000 Posts Third Anniversary Name Dropper
    No, because I gave up waiting for them to answer!
  • Alex9384
    Alex9384 Posts: 980 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    WillPS said:
    Alex9384 said:
    RN61 said:
    Echoing previous commenters, historically Santander hasn't often checked whether applicants have benefited previously 😉

    When I log in and click on my Everyday current account, there's a "Product name" below it, which says EVERYDAY CURRENT ACCOUNT SWITCHER. Perhaps the "switcher" makes it more obvious that I've already switched to them earlier?

    I wonder what happens if you change your account type to 1-2-3 Lite (and then back again)?

    I can see the 'Switcher' note on my 1-2-3 Lite too

    Can you try and let me know? :)
     
    EPICA - the best symphonic metal band in the world !
     
  • Newman2
    Newman2 Posts: 69 Forumite
    Ninth Anniversary 10 Posts Name Dropper Combo Breaker
    Can anyone tell me if switching a current account affects a savings account.  Got both with the current bank so would I be able to switch current and leave savings in the old bank?
  • Bridlington1
    Bridlington1 Posts: 4,322 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Newman2 said:
    Can anyone tell me if switching a current account affects a savings account.  Got both with the current bank so would I be able to switch current and leave savings in the old bank?
    Only the current account will be switched, so the savings account will remain with the old bank. Just be aware however that some savings accounts will only let you make deposits from the current account you hold with that bank, so it may cause issues with deposits/withdrawals from the account. Just check the T&Cs of the savings account to see if that is the case.
  • PRAISETHESUN
    PRAISETHESUN Posts: 5,018 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Newman2 said:
    Can anyone tell me if switching a current account affects a savings account.  Got both with the current bank so would I be able to switch current and leave savings in the old bank?
    The clue is in the name - Current Account Switch Service. Only the specific current account you nominate will be switched to your new bank. Any savings, credit cards, etc will be left alone.

    That said, there may be implications if your savings account requires a linked current account with your old bank in order to function. You'll need to check the T&Cs of your savings account to know for sure.
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