Legal and Compliance
From 14 May 2024 you’ll get £175 to switch a current account you hold elsewhere to a Private Current Account (V2) using the Current Account Switch Service. To apply, call 0330 678 1507 and speak to a member of our Private Banking Support Team.
To qualify for the offer, within 60 days of telling us to switch your account, you’ll need to:
- have successfully completed the switch using the Current Account Switch Service, which includes closing the account not held with us
- set up at least 2 active Direct Debits (this can’t include Direct Debits set up to fund a savings account you have with Santander, cahoot or Cater Allen), and
- pay in £1,500.
If you, or anyone named on the account, has previously received a switcher incentive on any of our accounts, you won’t be eligible for this offer.
Offer may be withdrawn at any time. Further details in the switcher terms and conditions
How will I get my payment?
60 days after you told us to switch your account, we’ll check to make sure you’re eligible and then pay £175 into your qualifying account within the next 30 days. So you can expect payment around 90 days after you tell us to switch your account, as long as you’ve met the eligibility criteria.
If the qualifying account is held in joint names and you’re eligible for the payment, then we’ll make one payment only (you won’t get one payment each).
If you asked to switch during the offer and we then withdraw the offer before your switch completes, you’ll still be eligible for the as long as you meet the eligibility criteria.
If you think you’ve met the eligibility criteria and haven’t received your £175 after the 90 days, you can call us on 0330 678 1507.
This offer applies to requests to switch that we receive from 14 May 2024 to 20 June 2024.
Available to clients with investments or savings of over £500,000, or a gross annual income in excess of £250,000.
To be eligible for the Private Current Account (v2) you need to:
- be 18 or over and live in the UK permanently
- meet the Santander Private eligibility criteria (have investments or savings over £500,000 or a gross annual income in excess of £250,000).
- only hold a maximum of two Private Current Account (v2) and Santander Edge Up current accounts, one in your own name and one in joint names.
There is a £5 monthly fee to maintain the account. You'll need to pay £1,500 a month into your Private Current Account (v2) to get cashback and interest. Any interest paid, and payments between Santander personal accounts you’re named on won't count towards this. You also need to have 2 active Direct Debits on the account.
Full details of our fees and interest rates can be found in the Key Facts Document. Please speak to your Private Banker or call the Santander Private Support team on 0330 678 1507 for a copy.
This information is for customers that opened a Private Current Account before 20 June 2023.
To be eligible for the Private Current Account, you need to:
- be 18 or over and live in the UK permanently
- meet the Santander Private eligibility criteria (have investments or savings over £500,000 or a gross annual income in excess of £250,000).
- only hold a maximum of two Private, 1|2|3 and Select current accounts, one in your own name and one in joint names.
There is a £4 monthly fee to maintain the account. You'll need to pay £500 a month into your Private Current Account to get cashback and interest. Any interest paid, and payments between Santander personal accounts you’re named on won't count towards this. You also need to have 2 active Direct Debits on the account.
Full details of our fees and interest rates can be found in the Key Facts Document. Please speak to your Private Banker or call the Santander Private Support team on 0330 678 1507 for a copy.
To be eligible for the Santander Private eSaver, you must be a Santander Private Banking customer at the time of opening (for joint accounts at least one person must be a Santander Private Banking customer). Full details can be found in the Key Facts Document. Please speak to your Private Banker or call the Santander Private Banking support team on 0330 678 1507 for a copy.
Credit is subject to status, available to UK residents aged 18 years or over, have a gross annual income of £7,500 or more, have a good credit record and have not been declared bankrupt, had a CCJ or an IVA within the last 6 years. You must agree to a credit check as part of the application and this will determine whether or not you're accepted and the credit limit that we can offer. We reserve the right to refuse any application. Cashback will not be earned on cash transactions, such as the purchase of foreign currency and cash withdrawals, or on balance transfers. For full cashback terms and conditions visit santander.co.uk or ask in branch.