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

granta

samal said:

So today is the day when the account is meant to be changed. Anyone has their account changed as yet ?

Mine is still showing 123 Lite

Mine is still the 123 Lite. My final cashback payment/fee deduction is meant to happen on 23 or 24th of the month so I wonder if they will keep it open until then

kev2009

Mine still showing the 123 lite, I get my cashback etc on 25th so as that is a bank holiday this month, I suspect it will be on 26th so i presume account will change on 26th or shortly after? Going to leave mine as the everyday account as the cashback I will get going forward isn't worth paying the account fee for. Was good whilst it lasted though

Kev

nofuse

Birdman2015 said:

gt94sss2 said:

Can someone remind me if Santander charge the £2 fee in advance or arrears?

I ask as I just had a £2 fee appear on my account dated the 20th of August!

It’s charged in advance. They will refund the fee pro rata once the change to Everyday account happens.

The fee is charged in arrears, just checked both of my 123 account statements when they were opened in 2012. There was no fee until a month had passed since opening.

GeoffTF

nofuse said:

Birdman2015 said:

gt94sss2 said:

Can someone remind me if Santander charge the £2 fee in advance or arrears?

I ask as I just had a £2 fee appear on my account dated the 20th of August!

It’s charged in advance. They will refund the fee pro rata once the change to Everyday account happens.

The fee is charged in arrears, just checked both of my 123 account statements when they were opened in 2012. There was no fee until a month had passed since opening.

I did the same check. It was indeed paid in arrears.

Birdman2015

nofuse said:

Birdman2015 said:

gt94sss2 said:

Can someone remind me if Santander charge the £2 fee in advance or arrears?

I ask as I just had a £2 fee appear on my account dated the 20th of August!

It’s charged in advance. They will refund the fee pro rata once the change to Everyday account happens.

The fee is charged in arrears, just checked both of my 123 account statements when they were opened in 2012. There was no fee until a month had passed since opening.

Apologies, you are of course correct. 

Elvie100

My account changed to an everyday one overnight.  Cashback paid and fee taken yesterday, but that was my usual date for those anyway.

Olenna

Newly_retired said:

Good Idea. Thanks

Seems like a sledgehammer to crack a nut.
You can easily update D/D details online or a quick phone call with most organisations.

ZeroSum

Mine is still saying 123 lite
I get my cashback on 7th, so wonder if it'll end then?

4justice2

I had my cashback paid and fee charged on the 17th, normal day. Still showing as 123 Lite......

GeoffTF

Could this all be a dirty trick to get 123 Lite customers to jump to Edge accounts?