Santander issues new £175 message to customers

Richard Guttridge

16 May 2024 at 10:43 am·2-min read

Banking giant Santander has launched the latest cash account switching offer in a bid to tempt new customers. A number of banks run temporary deals offering new customers cash payments if they open an account with them and follow certain conditions.

Money experts like Martin Lewis say these offers are often worth considering as they are usually fairly hassle-free. It's always important to check the details of any deal before signing up, such as fees or charges.

The latest one from Santander pays £175 to new customers. First Direct is also running a similar scheme.

Enter our £1,000 Aldi voucher giveaway and go wild in the aisles

Get breaking news on BirminghamLive WhatsApp

The offers are only open for a limited time so anyone who is interested is advised to act fast. Alastair Douglas, CEO of TotallyMoney , said, explained: "Just two weeks ago it looked like competition for current accounts was waning, but since then, we’ve seen Virgin Money, First Direct, and now Santander return to the market, offering either cash or high savings rates for people’s banking.

“And at a glance, the Sandander offer looks like great value, with a £175 bonus for those using the Current Account Switch Service to move their money to one of three current accounts provided by the bank. However, all three options carry fees of between £36 and £60 per year, and are only available to customers who’ve never benefited from a similar Santander incentive, and deposit at least £1,500 and set up two direct debits within 60 days."

He added: “In reality, the switching bonus on offer is either £139 or £115 - which along with free-fee foreign spending, cashback, and easy access savings rates of up to 7%, still isn’t a bad option. So if you’re unhappy with your current bank, or fancy taking advantage of a cash incentive then it’s definitely worth considering. Just read the smallprint, and check the other offers available to you.

“Current account switching is easy, so don’t be put off. Transfering savings and direct debits is all done for you with the Current Account Switch Service. More than 50 banks and building societies have signed up to the service, 99% of switches are completed within seven days, and 9 in 10 people are happy with the service.”

OK! Magazine
Drivers warned that most car owners will be hammered with new £410 tax from next April
New rules will see many drivers forced to pay additional tax on their vehicle from next year. The so-called 'luxury' car tax would see motorists forking out £410 each year
The Telegraph
Pensioners face shock tax bills within weeks
Some 140,000 pensioners will be hit with tax bills in the next six weeks as a stealth raid on retirement incomes bites.
The Telegraph
‘A £25k gamble made me millions – then I got hit with a seven-figure tax bill’
Tucked away in a corner of Oxfordshire is what’s believed to be southern England’s largest barn complex. At 200 years old, they were built to last, and given they’re now Grade II-listed, they’re also here to stay.
Yahoo Finance UK
Best UK savings accounts offering above inflation rates
See the best savings accounts to find a top-rated deal that works for you.
The Telegraph
Foreign investor that loaded Thames Water with debt takes control of UK gas network
The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal.
The Telegraph
Record 200,000 customers ditch BT Openreach broadband
BT has lost a record number of broadband customers to rival providers amid growing competition.
Fool.co.uk
Potentially 42% undervalued, is this FTSE 100 company a sleeping giant?
The FTSE 100 is full of opportunities for the patient investor, and I think I may have found one that merits a closer look. The post Potentially 42% undervalued, is this FTSE 100 company a sleeping giant? appeared first on The Motley Fool UK.
Fool.co.uk
Investing £10K into this FTSE 100 giant could bag me a second income worth £980
This Fool explains how dividend investing in the right picks could help build a second income stream, as well as one stock she likes. The post Investing £10K into this FTSE 100 giant could bag me a second income worth £980 appeared first on The Motley Fool UK.
The Telegraph
‘Why is it so hard to spend a £10 note in central London?’
I have a confession to make. Despite writing regularly about how important cash is for many, I rarely use notes and coins.
Fool.co.uk
This FTSE 100 stock’s down 50%, and a director just bought 8,000 shares
Directors of this blue-chip company have been snapping up a load of its shares. Should I do likewise and buy the dip in this FTSE 100 stock? The post This FTSE 100 stock’s down 50%, and a director just bought 8,000 shares appeared first on The Motley Fool UK.
The Guardian
Rachel Reeves urged to crack down on wealthy tax avoiders
Calls follow Guardian undercover investigation as chancellor poised to reveal £20bn hole in UK finances
Fool.co.uk
This FTSE small-cap stock could rise 75% says one top broker
Our writer takes a look at a very interesting little FTSE stock and considers whether he should add it to his summer buy list. The post This FTSE small-cap stock could rise 75% says one top broker appeared first on The Motley Fool UK.
The Telegraph
How Britain is shaking off the ‘moron premium’ to become a haven for global cash
Rachel Reeves wants to promote Britain as a newly stable place to invest.
The Telegraph
How to avoid paying higher-rate tax, even if you earn £110,000
The new Labour government has confirmed that it will stick to the Conservatives’ plan to freeze income tax thresholds until 2028, which means millions of taxpayers face being dragged into a higher tax bracket in the coming years. However, by following our tips, and doing a bit of extra planning, even those earning £110,000 won’t have to pay higher-rate tax.
Fool.co.uk
The Nasdaq just tanked. Here are 3 US growth stocks to consider for an ISA now
These Nasdaq stocks have a lot of potential in the long run and Edward Sheldon believes they could be worth considering for an ISA today. The post The Nasdaq just tanked. Here are 3 US growth stocks to consider for an ISA now appeared first on The Motley Fool UK.
Fool.co.uk
A dirt cheap FTSE 100 stock I’d consider buying to ride the lithium boom
Our writer has been running the rule over a bargain FTSE 100 stock with exposure to a metal that should to be in huge demand going forward. The post A dirt cheap FTSE 100 stock I’d consider buying to ride the lithium boom appeared first on The Motley Fool UK.
The Telegraph
Car insurance fraud: the latest tricks used by criminal gangs and opportunist drivers
If you have filled out a car insurance application and have been tempted to economise on the truth, you won’t be alone. Defrauding motor insurers is the most popular insurance fraud, making up six in 10 cases (59 per cent) according to the Association of British Insurers (ABI). Those doing it range from organised gangs, ripping off insurers on an industrial scale, to regular drivers opportunistically inflating claims.
The Guardian
Fears of automotive industry downturn as profits slide at Nissan and Stellantis
Carmakers announce disappointing results, and production in UK revealed to have dropped
Fool.co.uk
This FTSE 250 stock has smashed Nvidia shares in 2024. Is it still worth me buying?
Flying under most investors' radars, this FTSE 250 stock has even outperformed the US chip maker year-to-date. Where will its share price go next? The post This FTSE 250 stock has smashed Nvidia shares in 2024. Is it still worth me buying? appeared first on The Motley Fool UK.
CityAM
Vodafone posts solid gains as chief Della Valle drives turnaround strategy
The telco said it is still waiting for the competition regulator to rule on whether its proposal to merge its UK operations with those of Three is allowed.

Latest stories