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

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Comments

  • crumpet_man
    crumpet_man Posts: 750 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    That's fine, I'm not trying to convince anyone, just curious/nosey as to what other options are available to those not sticking with Santander.
  • brewerdave
    brewerdave Posts: 8,754 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    That's fine, I'm not trying to convince anyone, just curious/nosey as to what other options are available to those not sticking with Santander.
    £200 ish to switch elsewhere ? If I stayed with Santander and moved to Edge ,my nett cashback would have been ~ £25pa - so by moving I forego this in exchange for a payment equivalent to 8 years of cash back. And yes ,I could have set up another account to act as the donor for the switch and kept the £25pa but as posted above - a lot of faff!
    Also  I have little faith that Santander won't abolish c/back altogether in the not too distant future. 
    18 months time ? Who knows ? Another switch if the cash bribes are back ?
  • friolento
    friolento Posts: 2,523 Forumite
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    friolento said:
    My Lite is still alive. I was charged £2 today, and expect to get some cashback tomorrow, as I always got the cashback the day after the fee got taken.
    Cashback paid today, looks like a full month’s worth. The account description is still 123 Lite.
  • anna42hmr
    anna42hmr Posts: 2,897 Forumite
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    edited 30 August at 2:18PM
    They took my fee yesterday and was anticipating receiving the last cash back payment today, but nothing paid as yet? will see it comes in tomorrow 

    Mine has always been strange for when fee taken and cash back paid, I.e last month fee taken on Tuesday 29th but cash back Thursday 31st, for June paid and claimed fee the same day (Sunday 29th) and in April fee taken on Tuesday 29th and can back paid Wednesday 30 April.

    So some times the same day, sometimes the day after and sometimes 2 days after that the cash back was paid after the fee? middle of the week too so not the weekend etc causing it to change
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • anna42hmr
    anna42hmr Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 31 August at 9:07AM
    Well the last cash back for the 123 has come through this morning, was still showing as a lite account , so so have now manually switched it to an Edge account this morning.

    Fingers crossed that my electricity direct debit due out tomorrow (1st September) will qualify as the first one for cash back on the new Edge account (does now show as an edge when I look at account type) and I have also applied for the Edge saver account but that can apparently take up to 3 working days to show. Edit - edge saver now also showing as opened so done within minutes
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • Sea_Shell
    Sea_Shell Posts: 10,037 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    My cashback was paid as usual on 13th August (based on DD's taken on the 1st), and the fee was still taken on the 28th!!

    The account is still showing as a "123 lite current account switcher"

    I've reduced my DD's to as low as I was allowed, ready for the 1st, thinking that it would have changed by now.    Hmm, wonder if i'll get cashback again on the 13th September?  


    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • anna42hmr
    anna42hmr Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 31 August at 9:06AM
    Sea_Shell said:
    My cashback was paid as usual on 13th August (based on DD's taken on the 1st), and the fee was still taken on the 28th!!

    The account is still showing as a "123 lite current account switcher"

    I've reduced my DD's to as low as I was allowed, ready for the 1st, thinking that it would have changed by now.    Hmm, wonder if i'll get cashback again on the 13th September?  


    I would assume yes based on the letters they sent out in the inbox, it stated changing from 21st august, so assuming that they are letting them all roll to the account month end (so 13 September in your case) paying the final fee and cash back and then changing after that point.  
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • friolento
    friolento Posts: 2,523 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    Mine has today changed to an Everyday, 1 day after they paid the cashback for the month, and 2 days after they took the monthly fee.

    I have decided to upgrade to Edge as it will still pay me net ~£3 a month. Unfortunately, as I already had 2 Edge accounts, it wouldn't let me do this. I have downgraded one of the Edge accounts which now shows as an Everyday but the system still insists I already have 2 Edge ones. I'll give it another try tomorrow.
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