Santander warns people with £1,500 in bank account to act by 11pm tonight

James Rodger

20 June 2024 at 7:42 am·2-min read

A major bank looks set to pull its £175 top free cash offer within hours. Switchers have just hours to scoop a free £175 from a major bank before its top current account opening offer is axed from Santander, a leading high street bank.

The bank confirmed its £175 account switch offer is ending today (June 20) with Britons only having hours to be in with a chance of claiming this lump sum. According to Santander, switch requests to change to one of the bank's current accounts will be accepted until 23:59 tonight.

Customers can earn £175 when switching to an eligible Santander UK current account. Open to both new and existing Santander UK customers, those using the Current Account Switch Service (CASS) to switch to either a Santander Edge current account, Santander Edge Up current account, or Private current account (v2), will, from today, earn £175.

To qualify for the £175 payment, customers must complete the full switch within 60 days of requesting the switch process (including the closure of the old account) and pay in at least £1,500 within 60 days of requesting the switch process. This does not need to be in one payment.

You must also set up two active direct debits within 60 days. Direct Debits to fund Santander, cahoot, or Cater Allen savings accounts do not count for the purposes of this offer. And you must continue to hold the qualifying current account on the day the payment is made, Santander has explained on its website.

Those eligible for the payment will get paid within 90 days of starting the switch process. New customers can switch online through the Santander website or in branch. Existing Santander UK customers must visit a branch to take advantage of this offer, the high street bank has said.

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