Money saving expert Martin Lewis has shared how customers who switch to Santander could get £180 and a bonus £45 Amazon voucher by signing up for a new account
Everybody enjoys a freebie, especially when that freebie is money. Banks across the UK have a tendency to offer customers upfront cash for switching accounts and at the moment there is one deal which could get you up to £250 for making the change.
Money saving expert Martin Lewis has shared how customers who switch to Santander could get £180 and a bonus £45 Amazon voucher by signing up for a new account. There are several options to choose from which include joint accounts and everyday accounts among others.
So, here is how you can benefit from the switch. For money-saving tips, sign up to our Money newsletter here
The financial journalist shared in his Money Saving Expert newsletter that those who sign up for Santander Edge could get a free £180, £45 Amazon voucher, 1% cashback on bills, 6% easy-access saving and top debit card overseas.
The newsletter said it’s a “strong pick if you want upfront cash and ongoing bills cashback – especially for households.”
Although, there is a catch for those who make the switch – they will have to pay £3 a month fee to receive the perks of the account. For the £3 a month fee Santander Edge offers:
- 1% cashback up to £10/month on Council Tax, energy, water, mobile & home phone, broadband & paid TV bills you pay from it by Direct Debit.
- Linked saver paying 6% variable for a year on up to £4,000.
- Top debit card for spending overseas with near-perfect exchange rates.
- 8% variable regular saver you can put up to £200/month in for a year.
Additionally, those who switch to Edge Up, Explorer or Everyday accounts also get the sign-up cash bonus – in fact signing up for the £17 a month Edge Explorer will also earn you an impressive £150 hotel voucher instead of the £45 Amazon voucher. You can read more about that here.
Of course, like any good thing that seems too good to be true, there are terms and conditions.
To get the £180 bonus you must open an account online or in branch within 60 days. Then switch in an account, pay in £1,500 or more and have more than two active household Direct Debits (eg, Council Tax, energy.)
Then you’re £180 will be payed in 60 to 90 days.
To be eligible for the Amazon Gift Card you must have been accepted for and activated a Santander Edge, Edge Up or Everyday Current Account. Then you must complete a full switch – this means setting up two household Direct Debits and paying £1,500 in to the account within 60 days, and open a Santander Regular Saver and fund the Regular Saver account with £200 within 30 days.
Then you will be emailed a link to claim a voucher after September 30, to be claimed within 30 days.
