Santander 123 Lite - conversion to Everyday Account from 21 August 2025?

adindaspantai

I have seen a few people here is suggesting to switch it to edge account.But as far as I am aware from their website

https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account

The same fee with Santander 123 of £3 but the 1% cashback is only up to £10 a month. 

Regarding saving come with Santander Edge, there is still other alternative if you have not maxed out all of the high interest saving saving. If you do not need their high interest saving account because you could still find other high interest saving, is it worthy to switch it to Santander edge and keep paying £3 a month if you could still recover this cost from cashback ?

Is the cashback of 1% for indefinite as long as Santander Edge is still active ?

gt94sss2

adindaspantai said:

Is the cashback of 1% is for indefinite as long as Santander Edge is still active ?

Unless they change the rules on direct debit spending.

Santander have already announced that from 9 September they will remove the 1% cashback on supermarket, fuel, and travel debit card spending for Edge and Edge Up customers.

Calidad

After the fee for the Edge Account, I’ll benefit to the tune of about 40p a month on the cash back, so I won’t bother. A shame, I’ve had the 123 Lite account pretty much since it came out (and had the 123 before that too). I suppose I’ll stay with Santander until I qualify for a switch with an incentive elsewhere. 

GeoffTF

adindaspantai said:

I have seen a few people here is suggesting to switch it to edge account.But as far as I am aware from their website

https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account

The same fee with Santander 123 of £3 but the 1% cashback is only up to £10 a month. 

Regarding saving come with Santander Edge, there is still other alternative if you have not maxed out all of the high interest saving saving. If you do not need their high interest saving account because you could still find other high interest saving, is it worthy to switch it to Santander edge and keep paying £3 a month if you could still recover this cost from cashback ?

Is the cashback of 1% for indefinite as long as Santander Edge is still active ?

The 123 Lite monthly fee is £2 not £3. My cashback just about covers the £3 Edge fee, and I do not want to move my account. The Edge Saver is paying a premium rate of interest at least for now.

adindaspantai

GeoffTF said:

adindaspantai said:

I have seen a few people here is suggesting to switch it to edge account.But as far as I am aware from their website

https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account

The same fee with Santander 123 of £3 but the 1% cashback is only up to £10 a month. 

Regarding saving come with Santander Edge, there is still other alternative if you have not maxed out all of the high interest saving saving. If you do not need their high interest saving account because you could still find other high interest saving, is it worthy to switch it to Santander edge and keep paying £3 a month if you could still recover this cost from cashback ?

Is the cashback of 1% for indefinite as long as Santander Edge is still active ?

The 123 Lite monthly fee is £2 not £3. My cashback just about covers the £3 Edge fee, and I do not want to move my account. The Edge Saver is paying a premium rate of interest at least for now.

Thanks for correction. My next approach is trying to find out an alternative to Santander 123 light for cash back taking benefit of paying utility, council tax bills by direct debit. I remember Natwest Reward account use to offer account similar to Santander 123. Unless I have missed it, it seems to me the cashback from Natwest by paying utility, council tax bills by DD has gone. There is a fee and you get reward by having two active DDs but it is not necessarily DDs from utility, council tax bills, any DD will do. So moving utility, council tax bills will not have any additional benefit. 

I intend to let my San 123 light to self converted to become everyday day account with no fee and move my  utility, council tax bills somewhere else earning cashback. Does anyone know where you get reward by paying by DD better than Santander 123 light offering.

WillPS

adindaspantai said:

GeoffTF said:

adindaspantai said:

I have seen a few people here is suggesting to switch it to edge account.But as far as I am aware from their website

https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account

The same fee with Santander 123 of £3 but the 1% cashback is only up to £10 a month. 

Regarding saving come with Santander Edge, there is still other alternative if you have not maxed out all of the high interest saving saving. If you do not need their high interest saving account because you could still find other high interest saving, is it worthy to switch it to Santander edge and keep paying £3 a month if you could still recover this cost from cashback ?

Is the cashback of 1% for indefinite as long as Santander Edge is still active ?

The 123 Lite monthly fee is £2 not £3. My cashback just about covers the £3 Edge fee, and I do not want to move my account. The Edge Saver is paying a premium rate of interest at least for now.

Thanks for correction. My next approach is trying to find out an alternative to Santander 123 light for cash back taking benefit of paying utility, council tax bills by direct debit. I remember Natwest Reward account use to offer account similar to Santander 123. Unless I have missed it, it seems to me the cashback from Natwest by paying utility, council tax bills by DD has gone. There is a fee and you get reward by having two active DDs but it is not necessarily DDs from utility, council tax bills, any DD will do. So moving utility, council tax bills will not have any additional benefit. 

I intend to let it self converted to it to become everyday day account with no fee and move my  utility, council tax bills somewhere earning cashback. Does anyone know where you get reward by paying by DD better than Santander 123 light offering.

Natwest removed the 2% cashback over 5 years ago:

https://www.moneysavingexpert.com/news/2019/11/natwest-and-rbs-rewards-cashback-to-change-from-february---what-/

There are two players % direct debit cashback market, and you can read about them on MSE:

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

granta

I think someone earlier had posted about Zopa current account offering 2% cashback on direct debits. I already have a Zopa account so I might just switch out to that and get a few £ for the DDs for now

adindaspantai

WillPS said:

adindaspantai said:

GeoffTF said:

adindaspantai said:

I have seen a few people here is suggesting to switch it to edge account.But as far as I am aware from their website

https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account

The same fee with Santander 123 of £3 but the 1% cashback is only up to £10 a month. 

Regarding saving come with Santander Edge, there is still other alternative if you have not maxed out all of the high interest saving saving. If you do not need their high interest saving account because you could still find other high interest saving, is it worthy to switch it to Santander edge and keep paying £3 a month if you could still recover this cost from cashback ?

Is the cashback of 1% for indefinite as long as Santander Edge is still active ?

The 123 Lite monthly fee is £2 not £3. My cashback just about covers the £3 Edge fee, and I do not want to move my account. The Edge Saver is paying a premium rate of interest at least for now.

Thanks for correction. My next approach is trying to find out an alternative to Santander 123 light for cash back taking benefit of paying utility, council tax bills by direct debit. I remember Natwest Reward account use to offer account similar to Santander 123. Unless I have missed it, it seems to me the cashback from Natwest by paying utility, council tax bills by DD has gone. There is a fee and you get reward by having two active DDs but it is not necessarily DDs from utility, council tax bills, any DD will do. So moving utility, council tax bills will not have any additional benefit. 

I intend to let it self converted to it to become everyday day account with no fee and move my  utility, council tax bills somewhere earning cashback. Does anyone know where you get reward by paying by DD better than Santander 123 light offering.

Natwest removed the 2% cashback over 5 years ago:

https://www.moneysavingexpert.com/news/2019/11/natwest-and-rbs-rewards-cashback-to-change-from-february---what-/

There are two players % direct debit cashback market, and you can read about them on MSE:

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

Thanks for the head up. It seems to me a better option is to let the Santander 123 light to self converted to become Sanfander Everyday and move Utility, council tax DDs to Zopa Biscuit. 

I do not really like to have Account on banking apps. Is Zopa biscuit only available on app, or it is also available on online baking ?

eskbanker

adindaspantai said:

Is Zopa biscuit only available on app, or it is also available on online baking ?

App-only - that's the way the cookie crumbles

NameWithheld

I reckon with Edge i will make about £4.60 profit a month in the 10 months a year that I pay council tax. So I will switch to that. I use Zopa for DD's that Santander don't pay cashback for.