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Santander edge 3£ maintenance fee

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Comments

  • Newly_retired
    Newly_retired Posts: 3,296 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I am on my second Edge Saver without paying into my Edge current account at all.
    Now Santander have informed me that they will be closing my Edge current account in March as I haven't used it. It will stay open if I pay in £1. 
    I want to keep my Edge Saver but I don't want to pay the £3 monthly fee. Can I just pay in the £1 and that's it?
  • Middle_of_the_Road
    Middle_of_the_Road Posts: 1,335 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Newly_retired said:
    I am on my second Edge Saver without paying into my Edge current account at all.
    Now Santander have informed me that they will be closing my Edge current account in March as I haven't used it. It will stay open if I pay in £1. 
    I want to keep my Edge Saver but I don't want to pay the £3 monthly fee. Can I just pay in the £1 and that's it?
    Yes, I've had the same requirement with Lloyds. Banks like to close dormant accounts, and making a single payment avoids them being closed 
  • flaneurs_lobster
    flaneurs_lobster Posts: 9,206 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Middle_of_the_Road said:
    Newly_retired said:
    I am on my second Edge Saver without paying into my Edge current account at all.
    Now Santander have informed me that they will be closing my Edge current account in March as I haven't used it. It will stay open if I pay in £1. 
    I want to keep my Edge Saver but I don't want to pay the £3 monthly fee. Can I just pay in the £1 and that's it?
    Yes, I've had the same requirement with Lloyds. Banks like to close dormant accounts, and making a single payment avoids them being closed 
    Good hint, off to pay a second quid into my Santander CA.
  • Newly_retired
    Newly_retired Posts: 3,296 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I have had another email threatening to close my Edge account, even though I put £1 in. Maybe it needs to be £1 per month?
  • molerat
    molerat Posts: 35,714 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 January at 10:58AM
    Newly_retired said:
    I have had another email threatening to close my Edge account, even though I put £1 in. Maybe it needs to be £1 per month?
    Do you leave the £1 in there ? I keep £1 sitting there and move £1 in and out every couple of months.

  • The_Groat_Counter
    The_Groat_Counter Posts: 545 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Or perhaps set up a couple of standing orders to shuttle a small amount of money in and out of the account each month?
  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,594 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Newly_retired said:
    I have had another email threatening to close my Edge account, even though I put £1 in. Maybe it needs to be £1 per month?
    I deposit £5pm into my current account and then send £1 every Monday to my Santander Limited Edition account.

    Records 4-5 transactions a month and I have £52 + pennies interest in my saver account towards my boiler service each January :smile:
  • harz99
    harz99 Posts: 3,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Newly_retired said:
    I have had another email threatening to close my Edge account, even though I put £1 in. Maybe it needs to be £1 per month?
    Do you have any other current accounts with Santander that are actually used, or not? 
  • Nasqueron
    Nasqueron Posts: 11,182 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I have 2 Santander Edge accounts, I only ever move money in one of them when the saver bonus period ends!

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • seriously
    seriously Posts: 54 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I have an Edge current and Saver account but I've always had 2 x direct debits and transfer in at least £500 so I get charged the £3 fee. If I stop doing this, would they stop charging the fee? 

    It wouldn't hurt to try right, as in I won't lose my Saver account and it's 6% interest?
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