For the duration of the summer, any consumer who moves their current account to Santander will net £100 in cash.
"With the holiday season well and truly here, what better way to get an extra £100 towards your spending money than to just switch current accounts," asked Nici Audhlam-Gardiner, the company’s banking director. Ms Audhlam-Gardiner told the press that the offer was not planned to last so long, but its extension came about as a result of its popularity with investors. The offer was originally online-exclusive, but in May the bank expanded it to include branch and phone customers. The deal is not, however, available to holders of Alliance & Leicester, cahoot, Cater Allen or Santander UK current accounts, or to those moving to an Everyday Santander account.
"The only thing you need to do is to let your employer, or any party that pays in to your account – like your pension provider – know your new bank details," said Moneyfacts.co.uk. "It's also wise to keep your old account open for a couple of months afterwards just in case something does go awry and be sure payments go in and out as expected."
Further benefits of the account include its one-year 5 per cent interest rate and, as another boon for new customers, a free overdraft and transfer of all bills, debits and standing orders.
