MSE News: Santander launches cashback current account

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
edited 2 March 2012 at 6:02PM in Budgeting & bank accounts
This is the discussion thread for the following MSE News Story:

"Santander will ditch its £100 bribe for new customers, replacing it with cashback on Monday. But is it any good? ..."
Read the full story:
Santander launches cashback current account

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Comments

  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    First Post First Anniversary Combo Breaker
    Looks like I will stay with the halifax, between 2 single and a joint account between me and my better half its £180 a year for nothing.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • anselld
    anselld Posts: 8,279 Forumite
    Name Dropper First Post First Anniversary
    edited 3 March 2012 at 8:31AM
    Percy1983 wrote: »
    Looks like I will stay with the halifax, between 2 single and a joint account between me and my better half its £180 a year for nothing.

    Well if you are prepared to trust Santander with anything more than a blunt crayon you could have both!
  • pmduk
    pmduk Posts: 10,655 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Santander accounts should come with a Government Health Warning.
  • vroom3
    vroom3 Posts: 344 Forumite
    Just to balance out these doom mongers..I have had a bank account with Abbey/Santander for over 20 years - all trouble free.

    The online account and banking app are great - as are the text alerts.

    I would have no problem recommending them.
  • tanith
    tanith Posts: 8,091 Forumite
    First Anniversary Combo Breaker
    vroom3 wrote: »
    Just to balance out these doom mongers..I have had a bank account with Abbey/Santander for over 20 years - all trouble free.

    The online account and banking app are great - as are the text alerts.

    I would have no problem recommending them.

    I'd go along with that , have been a customer for 25yrs as have many family members without problems and also would have no problem recommending them.
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    What they have done is to develop an account that effectively demands ALL your direct debits. So they will get "proper accounts" with this offer.

    Smart.
  • anselld
    anselld Posts: 8,279 Forumite
    Name Dropper First Post First Anniversary
    opinions4u wrote: »
    What they have done is to develop an account that effectively demands ALL your direct debits. So they will get "proper accounts" with this offer.

    Smart.

    No, not *all*. You could still use the account selectively for those items which get cashback and/or short term savings.

    Personally though, I still wont risk it.
  • Lizling
    Lizling Posts: 882 Forumite
    I was looking for an account to use as a joint account for bills to share with my boyfriend, but even with all our bills going through it, we'd make about 35p a month. Not worth it at all. Now, if they could add rent payments...
    Saving for deposit: Finished! :j
    House buying: Finished!
    Next task: Lots and lots of DIY
  • michaels
    michaels Posts: 28,003 Forumite
    Photogenic Name Dropper First Anniversary First Post
    It says in the piece that the preferred account is available until Sunday and it is still on the website along with the £100 incentive but then in the small print it says incentive only available for accounts opened by 29th Feb - be warned.
    I think....
  • michaels
    michaels Posts: 28,003 Forumite
    Photogenic Name Dropper First Anniversary First Post
    I wonder if there is scope to find a utility that you could overpay by direct debit and then get the difference back by cheque - only thinking out loud...
    I think....
This discussion has been closed.
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