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Santander offers free four-year Railcard freebie for new current account customers

From today, customers aged between 20 to 251 can get a free four-year Santander Railcard when they open any Santander current account2 before 30 April 2024.

The Santander Railcard gives card holders a third off train travel across England, Scotland, Wales, and the London Underground when the card is linked to an Oyster card. The average 16-25 Railcard user saves £1823 a year with the card, meaning a potential average saving of £728 over the four-year term.

To be eligible for the railcard, a customer must complete an application to open either a new Everyday, Santander Edge, or Santander Edge Up current account before 30 April 2024 and deposit at least £500 into the account by 14 May 2024.

Andrea Melville, Director of Current Accounts, Savings and Business Banking, Santander said: “With the days becoming longer and promises of sunshine just around the corner, we’re all planning to make the most of spring – whether that’s a staycation, a daytrip to somewhere different, or simply taking advantage of longer evenings with friends. 

“Not only does the railcard give users a third off train travel to get where they want to go, but paired with our Edge and Edge Up current accounts, customers can also benefit from cashback on their travel, as well as on their everyday spending and household bills.”

A limited number of railcards are available, and the offer may be withdrawn ahead of 30 April, depending on demand.  From May 15 2024 onwards, Santander will review which customers have met eligibility, with codes to redeem their Santander Railcard through the railcard website sent by 31 July 2024.

Customers can open an account either online or in branch. Benefits of the eligible current accounts include:

  • Santander’s Edge Up Current Account offers customers up to £30 a month from cashback on essential bills and spending, 3.5% AER in credit interest (up to £25,000) on their current account balance, and fee-free spending abroad, for a £5 monthly fee.
  • The Santander Edge Current Account offers customers up to £20 a month from cashback on essential bills and spending, a linked 7.00% AER easy access saver, and fee-free spending abroad using the Santander Edge debit card, for a £3 monthly fee. 
  • The Santander Everyday Current Account offers customers a simple and straightforward current account with no monthly fee. Everyday customers benefit from online and mobile banking to easily manager their account, as well as free cash withdrawals from any Santander cash machine when abroad.

More information about the railcard offer, and Santander’s range of current accounts, is available on the Santander website.

- Ends -

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to Editors

  1. Customers must be aged between 20 and 25 years old on 30 June 2024.
  2. New customers only. Customers with an existing Santander current account are not eligible for the offer.
  3. Saving calculated directly by the 16-25 Railcard. For more information on this visit 16-25 Railcard  website.

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2023, the bank had around 19,800 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 444 branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.

Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of 2023, Banco Santander had €1.3 trillion in total funds, 165 million customers, 8,500 branches and over 212,000 employees.