Santander Edge current account

Band7
Band7 Posts: 2,285
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edited 22 November 2022 at 8:17AM in Budgeting & bank accounts
An interesting looking current account for people with larger household bills and  supermarket shopping. Costs £3/month and pays up to £20 cahback a month. It also comes with a savings account where you get 4% AER on max £4,000 for a year

Do your own numbers to see whether it’s worth it for you.

https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account
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Comments

  • Nebulous2
    Nebulous2 Posts: 5,063
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    Are Santander possibly moving away from 123? 

    I'd make less cashback from my bills here than from my 123 lite, but the addition of supermarket shopping would more than compensate for that.


  • Band7
    Band7 Posts: 2,285
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    Remember also that you currently get up to £10 cashback for energy DDs. Might be worth waiting for the second £10 before upgrading/sidegrading to Edge
  • Robin9
    Robin9 Posts: 11,956
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    My application declined.  Need to read the small print.
    Never pay on an estimated bill
  • Band7
    Band7 Posts: 2,285
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    Robin9 said:
    My application declined.  Need to read the small print.
    What was the reason?
    .
  • RobM99
    RobM99 Posts: 2,486
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    Hmmm... which supermarkets? Which travel costs?
    Now a gainfully employed bassist.
  • Robin9
    Robin9 Posts: 11,956
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    Your guess is as good as mine

    "We take various factors into account when assessing an application, including the details you have provided.

    All the information has been used in arriving at an overall decision on whether to accept or decline your application.

    Having carefully considered your application we regret that we are unable to offer you an account at the present time and your application has been declined.

    Whilst we appreciate you may be disappointed with our decision, unfortunately we are unable to assist you on this occasion.

    Appeal in the next 30 days

    If you think we haven’t had the right information and you’d like to appeal our decision then please get in touch in the next 30 days"

    I am existing Santander with 2 x 123 accounts 
    Never pay on an estimated bill
  • RobM99
    RobM99 Posts: 2,486
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    All supermarkets it seems + train, bus, petrol. Worth a look?
    Now a gainfully employed bassist.
  • EarthBoy
    EarthBoy Posts: 3,022
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    Nebulous2 said:
    Are Santander possibly moving away from 123? 

    I'd make less cashback from my bills here than from my 123 lite, but the addition of supermarket shopping would more than compensate for that.


    123 is staying, at least for now, but 123 Lite is now closed to new customers.  Santander must see Edge as a replacement for 123 Lite, although existing 123 Lite customers can keep their accounts.  
  • Peter999_2
    Peter999_2 Posts: 961
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    edited 22 November 2022 at 9:49AM
    Nebulous2 said:
    Are Santander possibly moving away from 123? 

    I'd make less cashback from my bills here than from my 123 lite, but the addition of supermarket shopping would more than compensate for that.


    As of today they are no longer allowing new customers to 123 so it does sound like this replaces it.

    I've just converted my normal santander account to edge and increased my gas/electric direct debit to £750 a month (I'll apply for a refund every month).
  • Not worth it for me, as I get £5pm cashback for my Santander mortgage with my Lite
    I consider myself to be a male feminist. Is that allowed?
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