Santander Offers £200 Switch Bonus: Eligibility & Conditions

Santanders New Incentive: Switch Current Accounts and Get a £200 BonusSantander has launched a new offer for customers to switch their current accounts, providing a £200 payment to eligible individuals. This promotion aims to attract new current account holders by simplifying the switching process.The bank is targeting existing customers without current accounts, sending emails to highlight the ease of transferring income, direct debits, and standing orders. Santander also emphasizes its award-winning mobile banking app as an added benefit for new users.To qualify for the bonus, customers must complete a full switch using the Current Account Switch Service within 60 days, set up at least two active household direct debits, and deposit a minimum of £1,500 into the new account. Household direct debits include common payments like council tax, utility bills, and phone services.However, customers who have held a Santander current account since January 1, 2025, or have previously received a switching reward from Santander, are not eligible for this offer. The bonus applies to several of Santanders current account options, but the promotion can be withdrawn at any time, so interested individuals should act promptly. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.