Compare Latest Current Account Deals
Switching current account to Santander
Why we like it: SPECIAL OFFER - Get £150 if you switch from another bank with Current Account Switcher Service until 5pm on 07/04/22. Terms & Conditions apply. Fee Free Account. An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. To apply you need to be 18+ and a UK resident. No monthly fee. For Switcher offer pay in at least £1250 and log into mobile banking by 12/05/22. Online only and account and app eligibility criteria apply
Why we like it: SPECIAL OFFER - Get £150 if you switch from another bank with Current Account Switcher Service until 5pm on 07/04/22. Terms & Conditions apply. Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each, or earn £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. To apply you need to be 18+ and a UK resident. No monthly fee. For Switcher offer pay in at least £1250 and log into mobile banking by 12/05/22. Online only and account and app eligibility criteria apply
Why we like it: SPECIAL OFFER – £140 when you switch to Santander Everyday Current Account. T&Cs apply. No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000. £140 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
Why we like it: SPECIAL OFFER - £130 for SWITCHING to a First Direct 1st Account. Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening. New customers only that have not opened a HSBC account on or after 1 Jan 2018
Why we like it: SPECIAL OFFER – £140 cashback when you switch to a Santander 1|2|3 Current Account. T&Cs apply. Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000. £140 cashback when you complete a full switch to a Santander 1|2|3 Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
Why we like it: SPECIAL OFFER – £140 cashback when you switch to a Santander 1|2|3 Lite Current Account. T&Cs apply. Up to 3% cashback on selected household bills, capped at £5 for each cashback tier each month. Earn up to 15% cashback with Retailer Offers. Easy to manage online or on mobile app. Get access to a range of 123 offers. Arranged Overdraft facility (subject to status) - 39.94% APR / EAR (variable). Must be 18 or older and UK resident. Customers must pay a minimum of £500 into account each month, have 2 active Direct Debits, log onto Online or Mobile Banking at least once every 3 months. Must not currently hold 2 Reward accounts. £2 monthly fee. £140 cashback when you complete a full switch to a Santander 1|2|3 Lite Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Open a GBP and EUR current account using your mobile in minutes, with no credit checks and no proof of address required. Track your account activity in real-time, get an overview of your monthly outgoings, set budgets and set your savings aside from your day-to-day spending. Get instant updates on your mobile whenever you receive or spend money. Add money to your account instantly by debit card or bank transfer. Spend on your Monese card and make ATM withdrawals worldwide with fee-free allowances and money-saving exchange rates. Send money to your contacts and request payments from them. You can also save when you transfer money abroad at the wholesale currency exchange rate. Transfers between Monese accounts are also free and instant. You can use your Monese app in any one of 12 languages
Why we like it: Can be opened by or on behalf of any child up to the age of 17. Debit or cash card available for those aged between 13 and 17. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 17 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)
Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
Santander current account review
Santander has a really wide range of current accounts on offer to suite a variety of different types of customers. These include:
Santander Everyday Current Account – A basic account with no monthly account fee and a Visa debit card.
Choice Current Account – Pay £10 a month and this account ensures you are not charged any unarranged overdraft fees.
Basic Current Account – Allows you to have income paid into the account, pay your bills and gives you a top-up card to make card payments. This account is aimed at those who don’t qualify for a standard current account.
However, Santander’s flagship current account is the Santander 1|2|3 Current Account which offers a number of attractive benefits for customers.
Santander 1|2|3 Current Account benefits
With a Santander 1|2|3 Current Account you can benefit from:
- Monthly interest of 1.5% AER (variable)
- Earn interest on your entire balance up to £20,000
- Get cashback of between 1-3% on a range of household bills
To qualify for these benefits you will need to:
- Pay a £5 monthly account fee
- Pay at least £500 into your account each month
- Have at least 2 active Direct Debits
Santander also offer 1|2|3 Student, Postgraduate and Graduate current accounts as well as a 1|2|3 Mini Account for children aged 11-18 and a 1|2|3 Mini Account (In Trust) for children aged 1-10.
Click here to find out more about the Santander 1|2|3 Current Account >>
What to look for when switching current accounts
There are various things to look out for when choosing a new current account to make sure you get everyday banking that works for you. The key things to look for are:
Interest rates – Check the rate you will earn on your savings and what you will pay on your overdraft. Which interest rate is the most important for you will depend on whether you tend to be in credit or not most of the time. Also bear in mind the balance limit on which you can earn interest.
Switching incentives – There are various switching bonuses and offers provided by many top current accounts. These can include cash upfront for switching, or other benefits, such as gift cards and introductory cashback offers.
Cashback – Many current accounts now offer some form of cashback deal, which is usually paid monthly. The TSB Classic Plus Account gives you the chance to earn up to £120 cashback a year just for having active monthly Direct Debits and using your debit card regularly.
Additional benefits – A lot of current accounts offer extra benefits, either as standard or as optional add-ons. Perhaps the most common is free insurance, which may include personal insurance, travel insurance, phone insurance and more. Typically these benefits are most likely to be offered on current accounts where there is a monthly account fee to pay.
Compare current accounts
Take a look at the range of current accounts presently on offer from all the leading providers across the market right now to see which offers the best deal for you.
