New Santander £200 Switch Offer - January 2023

jay1804

New Santander switch offer (New and existing accounts - NOT AVAILABLE IF YOU HAVE AN INCENTIVE BEFORE)

Terms

• Apply for an eligible current account online: Santander Edge current account, 1|2|3 Current Account, Everyday Current Account, Select Current Account, Private Current Account
• When you fill in the online application, choose the option to switch your account to us (this must be from a current account you have elsewhere)
• Within 60 days of telling us to switch your account, you’ll need to complete the switch, set up 2 active Direct Debits, pay in £1,000 and log on to Online or Mobile Banking.
• We’ll take care of your switch, using the Current Account Switch Service. 60 days after you tell us to switch your account, we’ll check to make sure you’re eligible and then pay £200 cashback into your account within the next 30 days.  
• Within 60 days of telling us to switch your account, you’ll need to complete the switch, set up 2 active Direct Debits, pay in £1,000 and log on to Online or Mobile Banking.

https://www.santander.co.uk/personal/support/current-accounts/switching

PRAISETHESUN

Full T&Cs linked here: https://www.santander.co.uk/assets/s3fs-public/AD_documents/h257208_p562799_coremc0933jan23h_lr.pdf

SAC2334

Thats well hidden in the T and C s about no switch incentive if you have recieved one before .Was not mentioned in MSE s headlines about this offer .

I opened a Santander  Esaver account to get the then leading 2.75 % interest. I can t remember if I got a switch incentive for this though 

MikeJXE

I tried that earlier and their robot said the switch offer ended September 2022

WillPS

SAC2334 said:

Thats well hidden in the T and C s about no switch incentive if you have recieved one before .Was not mentioned in MSE s headlines about this offer .

I opened a Santander  Esaver account to get the then leading 2.75 % interest. I can t remember if I got a switch incentive for this though 

There was certainly no switching incentive for that account.

eskbanker

SAC2334 said:

Thats well hidden in the T and C s about no switch incentive if you have recieved one before .Was not mentioned in MSE s headlines about this offer .

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#switch

Who can get the bonus? This must be your first switch bonus from Santander

SAC2334 said:

I opened a Santander  Esaver account to get the then leading 2.75 % interest. I can t remember if I got a switch incentive for this though 

You wouldn't have received a switching incentive unless you switched a current account.

MikeJXE

I spotted this switch thanks Santander and MSE

I have Santander 123 account and just switched another account into it

The internet says existing customers need to go into a branch

After going round in circles I find the number of their appointments service and gets put through to the switching service

All done for me on the phone and will complete the switch 31st January 

Another £200 heading my way 

Alex9384

"NOT AVAILABLE IF YOU HAVE AN INCENTIVE BEFORE"

I'm wondering if this is the new norm for Santander offers or if it only applies to this one.

Does anyone remember if the previous offer had the same clause?

YorkshireBoy

Alex9384 said:

"NOT AVAILABLE IF YOU HAVE AN INCENTIVE BEFORE"

I'm wondering if this is the new norm for Santander offers or if it only applies to this one.

Does anyone remember if the previous offer had the same clause?

Yes it did. Much discussion on here at the time as to whether the 2019 Amazon voucher offer constituted such an incentive.
Both my Santander current accounts (Lite and Everyday) carry the suffix "Switcher" within online banking, so if I was to gamble I'd probably open a new account...unless any of the regular switchers report that didn't work last time?

andyhicks88

Would linking the account to paypal once set up be classed as an active direct debit? If I actually moved some money of course?

pecunianonolet

Hi all,

Santander launched a new switching incentive with £200 and details can be found here. It's also been mentioned by Martin here. Takes a bit of effort with pay ins and direct debits but shouldn't be a problem for our switch expert here

Also, "You can either switch to a new account, or one you've already got with us." so you are not automatically excluded if you already have a Santander account.

Great opportunityfor for those with the Lloyds switch in progress/ completed. As Lloyds allows further current accounts without hard search that will be the perfect account for the Santander offer. Alternativly, a dummy account can be easily opened with other banks such as Metro bank, Monzo, etc. 

Edit: Could this be moved into the Budgeting & bank accounts area please. Posted in the wrong tab