Santander has confirmed that its £180 switcher offer has been extended for one week, with customers also able to snap up a £45 Amazon Voucher. The offer is open to both new and existing customers.
To qualify, customers must switch to a Santander Everyday, Edge or Edge Up current account and open a Regular Saver account. The savings account offers a high 8% interest rate, one of the highest on the market.
How to get the £225
Customers must use the Current Account Switching Service (CASS) when switching. They then need to set up two household direct debits and pay in at least £1,500 to the current account. Additionally, at least £200 must be paid into the Regular Saver account within 30 days of opening.
The offer ends at 2pm on July 31, so customers must act quickly.
£829 compensation for motor finance mis-selling
Santander will also pay eligible customers £829 in compensation as it participates in the Financial Conduct Authority’s (FCA) redress scheme for mis-sold motor finance.
A Santander spokesperson said: "We have decided not to challenge the schemes and will now focus on their implementation."
"This was a finely balanced judgment reflecting our primary desire to bring greater certainty to our customers, shareholders, and the wider motor finance sector—factors which outweighed our disagreement with elements of the proposed schemes."
The bank also said it will continue to work with regulators and policymakers to improve the competitiveness of the UK motor finance industry in the interest of investors and consumers alike.
