Two-day warning issued as Santander ends £150 | European Markets

Anybody who needs to take benefit of Santander’s £150 money offer for switching bank accounts has till 23.59 on Wednesday, February 5, to make their transfer.

Alastair Douglas, chief government of Completely Cash mentioned: “Unlike some other offers, this one is pretty straight forward, and all you’ll need to do is deposit at least £1,500 within 60 days, and have two active Direct Debits with the account.”

Douglas mentioned you probably have already benefited from a Santander change incentive prior to now, then you definately will be unable to secure the bonus for this one.

He mentioned: “Nonetheless, there are a few different affords on the market, together with ones from First Direct, Nationwide and TSB. So take a look and see if there’s an option on the market for you, since you may benefit from higher customer support, improved financial savings charges, and even an interest-free overdraft.”

The high avenue bank is offering new and current clients £150 money in the event that they use the Present Account Swap Service (CASS) to maneuver to both a Santander Edge, Santander Edge Up, On a regular basis, or Personal (v2) present account.

The £150 is obtainable to anybody who has not acquired a money incentive to modify to a Santander present account since September 2021.

Prospects already with Santander can change by means of the bank’s online banking service or by reserving an appointment at a department.

Santander will make the £150 fee instantly into your account 90 days after you submit your change request.

To qualify within 60 days of the initial change request, you should have:

• Accomplished the complete change utilizing the Present Account Swap Service
• Paid not less than £1,500 into your eligible account
• Have two energetic Direct Debits in your eligible account.

Three different accounts offer a becoming a member of bonus if you happen to miss Santander’s deadline.

1. First Direct 1st Account paying £175

Douglas mentioned: “With this account, you’ll get a hefty sign-on bonus and, if eligible, a £250 interest-free overdraft. For savers, you might be able to lock in at a rate of 7.00%, and they won’t charge you for using your card abroad.”

2.  Nationwide FlexDirect Account paying £175

“Another bank offering £175 for your custom, and you can earn up to £60 in cashback in the first year. There’s also the option of a £50 interest-free overdraft, but try not to go past that, as they’ll start charging 39.9% interest. You can also earn 5% AER on savings.

3.  TSB Spend & Save Account: paying £100 cash and £60 cashback

Douglas said: “TSB will pay you £100 to switch, and then up to £10 per month cashback for up to six months if you stay with them. For that, though, you’ll need to make 20 transactions per month, meaning you’ll probably need to treat it like your main account. And if you continue to do so through August, they’ll reward you with a night away for two at an approved hotel, a pair of cinema tickets for three months, or Now Entertainment Membership for half a year.”