New Santander £200 Switch Offer - January 2023

PRAISETHESUN

andyhicks88 said:

Looking at the "fund the account with £1000" instruction...can this be a transfer from another Santander account like an E Saver, for example? Looking at the terms and conditions it doesn't really say anything about what is or isn't accepted?

Looking at this I would tend to agree with you that there is no restriction on where the £1k can come from, just that it must be deposited into the Santander current account that is taking advantage of the switch offer. There's no harm in shuffling around the money to make it come from an external source if you'd rather not chance it, but in my mind you'd be fine to move money from your eSaver to meet this criteria.

MikeJXE

andyhicks88 said:

Looking at the "fund the account with £1000" instruction...can this be a transfer from another Santander account like an E Saver, for example? Looking at the terms and conditions it doesn't really say anything about what is or isn't accepted?

I'm not sure about that and I asked the question on the phone but the answer was vague 

My plan is to transfer £1000 to one of my burner accounts, then to another burner then back into Santander account. Simple 

flaneurs_lobster

PRAISETHESUN said:

flaneurs_lobster said:

Expotter said:

I have a 123 Lite account with Santander, if I change it to an Edge account will I still be eligible for the £200 if I switch an account from a different bank into it? I've never received any incentives from Santander

Yes

 My reading of their guide is that if you change your account type and then want to switch in a different bank's account then you have to do it in-branch.

 Applying for a new Edge account and switching can all be done online.

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

You don't need to change your 123 account to an Edge account if you don't want to - existing 123 accounts are included in the switch offer as per the terms I posted on page 1.

Question was about switching a 1|2|3 lite account. Are they included in the blanket term "1|2|3 Current Account"?

PloughmansLunch

Just picking up on the wording - when it says 'fund the account with £1000' does that mean to have it sit there for 60 days until confirmation, or is an in-and-out back to a different savings account sufficient to tick the requirement box?

35har1old

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 they did 

                                                          £175 cashback for switching

This information is for customers who asked to switch an account to us from 23 August to 22 September 2022 as part of the £175 cashback offer.
The accounts eligible for this offer are our 1|2|3 Current Account, 1|2|3 Lite Current Account, Everyday Current Account, Select Current Account and Private Current Account.

To qualify for the offer, within 60 days of telling us to switch your account, you’ll need to: 

• have successfully completed the switch, which includes closing the account not held with us
• set up at least 2 active Direct Debits (this cannot include Direct Debits set up to fund a savings account you have with Santander, cahoot or Cater Allen)
• pay in £1,000, and 
• log on to Online or Mobile Banking (with details for your personal account, not details for a business account).  

To be eligible for £175 cashback, you and everyone named on the account in question mustn't have already used a switcher offer on any of our accounts. This includes cahoot and Cater Allen accounts, which are part of Santander UK plc. 

£160 cashback for switching

This information is for customers who requested to switch an account to us from 02 August to 22 August 2022 as part of the £160 cashback offer
The accounts eligible for this offer are our 1|2|3 Current Account, 1|2|3 Lite Current Account, Everyday Current Account, Select Current Account and Private Current Account.

To qualify for the offer, within 60 days of telling us to switch your account, you’ll need to: 

• have successfully completed the switch, which includes closing the account not held with us
• set up at least 2 active Direct Debits (this cannot include Direct Debits set up to fund a savings account you have with Santander, cahoot or Cater Allen)
• pay in £1,000, and 
• log on to Online or Mobile Banking (with details for your personal account, not details for a business account).  

To be eligible for £160 cashback, you and everyone named on the account in question mustn't have already used a switcher offer on any of our accounts. This includes cahoot and Cater Allen accounts, which are part of Santander UK plc. 

Take a look at the terms and conditions (32 KB)

PRAISETHESUN

flaneurs_lobster said:

PRAISETHESUN said:

flaneurs_lobster said:

Expotter said:

I have a 123 Lite account with Santander, if I change it to an Edge account will I still be eligible for the £200 if I switch an account from a different bank into it? I've never received any incentives from Santander

Yes

 My reading of their guide is that if you change your account type and then want to switch in a different bank's account then you have to do it in-branch.

 Applying for a new Edge account and switching can all be done online.

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

You don't need to change your 123 account to an Edge account if you don't want to - existing 123 accounts are included in the switch offer as per the terms I posted on page 1.

Question was about switching a 1|2|3 lite account. Are they included in the blanket term "1|2|3 Current Account"?

That's a good point - the past offers explicitly stated 123 Current Account and 123 Lite Current Account. I'd imagine it's an oversight to not mention the 123 Lite Current Account, presumably because it's no longer available to new customers, but it's probably worth checking with Santander to be sure.

PloughmansLunch said:

Just picking up on the wording - when it says 'fund the account with £1000' does that mean to have it sit there for 60 days until confirmation, or is an in-and-out back to a different savings account sufficient to tick the requirement box?

It's a quick in and out job - if the money was required to be kept in the account for the full 60 days then the terms would clearly specify this.

Expotter

flaneurs_lobster said:

PRAISETHESUN said:

flaneurs_lobster said:

Expotter said:

I have a 123 Lite account with Santander, if I change it to an Edge account will I still be eligible for the £200 if I switch an account from a different bank into it? I've never received any incentives from Santander

Yes

 My reading of their guide is that if you change your account type and then want to switch in a different bank's account then you have to do it in-branch.

 Applying for a new Edge account and switching can all be done online.

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

You don't need to change your 123 account to an Edge account if you don't want to - existing 123 accounts are included in the switch offer as per the terms I posted on page 1.

Question was about switching a 1|2|3 lite account. Are they included in the blanket term "1|2|3 Current Account"?

I just phoned the switching team service and have been told the 123 Lite is not included in the offer. Guess I'll have to change to the Edge account first

PRAISETHESUN

Expotter said:

flaneurs_lobster said:

PRAISETHESUN said:

flaneurs_lobster said:

Expotter said:

I have a 123 Lite account with Santander, if I change it to an Edge account will I still be eligible for the £200 if I switch an account from a different bank into it? I've never received any incentives from Santander

Yes

 My reading of their guide is that if you change your account type and then want to switch in a different bank's account then you have to do it in-branch.

 Applying for a new Edge account and switching can all be done online.

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

You don't need to change your 123 account to an Edge account if you don't want to - existing 123 accounts are included in the switch offer as per the terms I posted on page 1.

Question was about switching a 1|2|3 lite account. Are they included in the blanket term "1|2|3 Current Account"?

I just phoned the switching team service and have been told the 123 Lite is not included in the offer. Guess I'll have to change to the Edge account first

That's good to know. Sounds like they are trying to "incentivise" people towards the higher fee 123 and Edge current accounts...

SammiJxx

Can anyone tell me if I am eligible to switch to Santander from a Nationwide FlexBasic account?

flaneurs_lobster

SammiJxx said:

Can anyone tell me if I am eligible to switch to Santander from a Nationwide FlexBasic account?

If you can open an eligible Santander account then yes.