£100 switching offer is back on Santander current accounts

Following high levels of customer demand Santander is bringing back its switching offer from January 2011 giving UK bank customers the opportunity to switch their main current account and pocket £100 in the process.

As well as offering a market leading in-credit interest rate of 5 per cent plus £100 in cash, Santander also provides the benefit of a smooth, hassle-free switching service so customers can make a simple move from their existing current account to Santander - and be rewarded for doing so.

Thousands of customers switch to a Santander current account every week using the bank's dedicated switching service which takes the hassle out of switching and provides a seamless transfer for those who switch.

Using Santander's switching service customers can

Easily transfer all their existing standing orders, bill payments and direct debits from their old bank to the new Santander current account

Expect to match their existing overdraft (up to £5,000, depending on the customer's circumstances)

Receive a 0 per cent EAR arranged overdraft for the first four months (depending on their circumstances).

Nici Audhlam-Gardiner, Santander's banking director, said: "There are three good reasons to switch your current account to Santander right now.  Firstly, we offer some of the most competitive current accounts in the market at the moment.  We also have a dedicated switching service to transfer your account to us.  And if that wasn't enough, we'll reward you £100 for moving your main account to Santander.

"The new year is an excellent time to review your current account to check that it's giving you everything you need, especially after the expense of Christmas.  People who switch to Santander will get £100 cash, a great in-credit interest rate as well as access to preferential savings and mortgage products for our loyal customers."

The £100 cash bonus is available on Santander's Zero, Preferred In Credit Account, Premium and Reward accounts when a customer switches their main current account to Santander.

The £100 offer is also available to business banking customers who switch to the business current account and whose company has an annual turnover of no more than £1 million.