Santander extends £300 current account switching offer

Santander is extending its unique, market-leading current account switching offer which pays up to £300 to customers who switch their main current account to the bank.

In recognition of their relationship with Santander, existing Santander mortgage customers who either already have, or can deposit £10,000 in savings with Santander and switch their main current account to Santander will earn £300.  Existing mortgage customers who don't have £10,000 in savings but switch their current account will get £200.  And, in keeping with Santander's previous ‘switcher' offers, any new customer who switches their main current account to Santander will earn £100.

This offer is available in branch, by phone and online from 9 January until 29 February, and is for customers who can credit £1,000 a month and have at least two standing orders or direct debits set up on the account they are switching from. The account, which has been rated ‘best-buy' by Moneyfacts, also pays a market-leading 5 per cent AER in-credit interest for 12 months.

Customers who switch can also qualify for a free arranged overdraft for 12 months, depending on circumstances.

Liz Chang, Director of banking at Santander, said:  "Rewarding customers is very much at the heart of what we do at Santander and because of this we've decided to keep the offer going for another two months.  We've seen a fantastic response to the offer, with customers attracted to the 5 per cent in-credit interest rate as well as the opportunity to earn up to £300 by switching to Santander."

Switching to Santander

Santander has a dedicated switching team to help customers move their existing current account to Santander.  Santander's switching service helps customers have all their existing standing orders, bill payments and direct debits transferred from their old bank to their new Santander account.