Santander hands customers free £240 with change before Christmas
By Google News Personal Finance ·
Brits could get a £240-cash boost in the New Year by switching to a Santander current account. Many people stay with the same bank for years - sometimes decades - just to avoid the hassle of switching. Banks are therefore keen to make moving your money to their accounts and gaining new customers as easy as possible, whilst providing financial rewards for doing so.
The cash boosts can be considerable, though you'll normally have to jump through a few administrative hoops in terms of deposit and transfer rules.
Among the several banks currently offering a cash reward is Santander. To qualify for the deal, you must:
If those conditions are met, the bonus will be paid out within 90 days of the switch. That suggests that by switching now, you could potentially get the cash as early as January. Santander provides a more detailed explanation of what you need to do to get the reward on its website. Follow their instructions if you’re looking to get the switch reward, to ensure you don't miss out.
It's one of a number of switching offers on the market. Moneyfactscompare.co.uk highlighted Barclays' current account switching rewards as among the best offers out there, worth as much as £300.
Moneyfactscompare explained that to get the first £150 of this offer, you'll need to open a Bank Account via the Barclays Bank mobile app, then use the Current Account Switch Service (CASS) to move your existing current account to Barclays Bank’s Bank Account.
You agree you are 18 or over. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. You can unsubscribe at any time. More Info.
This must involve transferring a minimum of three active direct debits. After that, you'll need to pay in at least £2,000 in salary within 30 days of opening it, and make at least 10 debit card transactions. The £150 bonus will be paid within 28 working days of you meeting these requirements.
You can get a further £150 made up of £30 payments over the following five months, provided you continue to have £2,000 or more in salary paid into your account per month, and make a minimum of 10 debit card payments monthly, the outlet explains.
However, the outlet advises people to check the rules carefully so they don't miss out and the offer could be withdrawn at any time.
You can a selection of switching deals that are out there there here.
See more of the stories you love from Daily Express and find us easily in Google by making us a Preferred Source. Free and easy-to-do, justclick here to activate or add us as Preferred Source in your Google search settings.
Originally published by Google News Personal Finance
