Santander is offering new customers a free £180 cash switching bonus plus a £30 Amazon voucher, providing a lucrative incentive for those looking to change their bank account. The offer is available for those switching to the Santander Edge account, which also includes additional perks such as cashback on bills.
How to Get the £180 Bonus
To qualify for the £180 cash bonus, new customers must open an account online or in branch and complete the following steps within 60 days:
- Switch in an existing account using the Current Account Switch Service
- Pay in £1,500 or more
- Have two or more direct debits set up
The £180 bonus will be paid within 60 to 90 days after meeting the criteria.
How to Get the £30 Amazon Voucher
To receive the £30 Amazon voucher, customers need to open an account via a specific link and make five or more debit card transactions within 30 days. Note that customers who have had a Santander voucher in the last year are not eligible. The voucher will be emailed after August 30, and it must be claimed within 30 days.
Additional Benefits of Santander Edge
The Santander Edge account, which costs £3 per month, offers 1% cashback up to £10 per month on council tax, energy, water, mobile, home phone, broadband, and paid TV bills paid by direct debit. It also includes a linked saver account paying 6% variable interest for 12 months on up to £4,000, and a debit card with good exchange rates for overseas spending.
Santander Edge Up Option
For those with higher bills, the Santander Edge Up account is available for £5 per month. It offers up to £15 per month cashback on most household bills (max £180 per year) and still qualifies for the £210 switching offer. However, the minimum pay-in is £1,500 per month, and the 6% saver account is not available with this account.
Money Saving Expert (MSE) founder Martin Lewis commented on the offer, calling it a winner for those looking to use it as a central or bills account. The offer is available for a limited time, so interested customers are encouraged to act quickly.
