Santander Edge Up Switching Bonus anytime soon?

balsingh

Been waiting all year for a switching bonus for Santander as I want to switch to the Edge Up account.

Seen offers come and go from most other banks (some more than once) but nothing from Santander. 

Any idea if there is something on the horizon or is there some reason that Santander are staying away from switching bonuses?

Thanks in advance!

GeoffTF

balsingh said:

Any idea if there is something on the horizon or is there some reason that Santander are staying away from switching bonuses?

Perhaps they do not consider it would be worthwhile. Do you believe that it would be profitable for them to offer switching bonuses?

I would not be keen to transfer to a bank that offers introductory bonuses at the expense of loyal customers. I want good long term service. I do not want to have to keep moving my account.

WillPS

We don't learn of switching bonuses until the origanisations start informing their affiliates that one is imminent, usually the day or two before. Anyone who knows whether one is coming would not be at liberty to share that information on a public forum.

It's also been almost a year since Virgin Money last offered an incentive, and Barclays haven't offered a mainstream one since 2019 (although did offer an incredibly generous incentive for taking their card and current account last Autumn). These things often seem to align with Black Friday but which banks put an offer in for this year's is anybody's guess.

wmb194

GeoffTF said:

balsingh said:

Any idea if there is something on the horizon or is there some reason that Santander are staying away from switching bonuses?

Perhaps they do not consider it would be worthwhile. Do you believe that it would be profitable for them to offer switching bonuses?

I would not be keen to transfer to a bank that offers introductory bonuses at the expense of loyal customers. I want good long term service. I do not want to have to keep moving my account.

You've never needed to switch your main account. Santander used to have regular switching offers. There was that great one in c.2019 where you could switch something like five current accounts for a £50 Amazon token each.