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Stick with Santander 123 Current Account or Switch to Santander Edge Current Account?

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Comments

  • youngretired
    youngretired Posts: 628 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    When you upgrade from a Everyday acc (previously a 123 lite), is the fee and cashback paid on the anniversary of the upgrade?
    Only asking as my sisters 123 lite changed today and cashback was paid yesterday and the fee was paid end off August, but her ddr's came out today and yesterday too. So just wondering the best time for her to upgrade, next lot off ddr would be 13th?
  • youngretired
    youngretired Posts: 628 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    I upgraded my acc (converted everyday) to an Edge on the 28th after receiving my cashback and statement for my 123 lite. I've received a statement for the 28th - 3rd Sept with 1 cashback of 39p for 1 ddr! Has anyone else had this happen to them, that have upgraded as the T&C's clearly say monthly on anniversary of opening so was expecting similar date as original 123 lite! 
  • GeoffTF
    GeoffTF Posts: 2,136 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 5 September at 8:25AM
    I converted immediately after the monthly fee was taken and the cash back was paid, later on the same day. My monthly fee and cashback now appear on the next day of the month, so I have slipped one day in the process.
  • Nebulous2
    Nebulous2 Posts: 5,711 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I've had a strange email from Santander today, welcoming me to my new everyday current account, and telling me how to get it setup. 

    The other thing I've noticed, since being switched to the everyday account, is that updated balances are taking longer. On the 1st of each month I use my 123 lite as a hub to switch money in and out of other accounts to meet funding requirements, and to fund regular savers. It has always been ideal for that. This month the list of transactions was about 5 or 6 behind while I was doing my normal admin. The balance was more up to date, though not always current, but it was more difficult to keep an eye on what I was doing than previously. 

    Maybe Santander have implemented some additional steps behind the scenes, that delay showing the balance. 

  • Nasqueron
    Nasqueron Posts: 10,920 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I found with the app it sometimes lags a little when you do moves but a quick refresh from the top sorts it, it's hit and miss so could well be client side not server

    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.

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