Current Accounts - Important Information: Santander

Important information you must read if you transfer your existing Santander current account to a new Santander 123 Current Account:

Relevant to:	Key changes to be aware of:
ALL Current Account customers	If you transfer to the 123 Current Account, you agree that there is a £2 monthly account fee. If you are transferring from an account which is no longer available to new customers, once you have transferred, you will not be able to revert back to your old account. If you transfer to a 123 Current Account you understand that your statement date will be changed to align with the transfer date to your new 123 Current Account. When completing a transfer, the account number and sort code remain the same. If you are currently benefiting from an introductory credit interest rate or a fee free Arranged Overdraft, this will not be transferred to your new 123 Current Account You agree to the changes to the product features and interest rates between the account you are transferring away from and the new account. To benefit from cashback on household bills and interest on your balance, you must fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest) and set up a minimum of two Direct Debits (for cashback household bills must be paid by Direct Debit).
Relevant to:	If you transfer from one of the accounts with added benefits listed in the table below you will no longer be eligible for the following benefits or insurances:

	Reward Current Account	Premium Current Account	Travel Reward Current Account	Family Reward Current Account	Premier 50 Current Account	Premier / Premier Direct (with Travel Insurance)
Annual travel insurance (up to 65 years old)	√		√	√		√
Annual travel insurance (up to 79 years old)		√			√
RAC UK breakdown cover	√	√	√ (plus European cover)	√
Identity protection	√	√		√	√
Card loss assistance	√	√	√	√	√
Key protection	√	√		√
Retail and leisure discounts	√		√	√
Mobile Insurance		√	√	√
Health Benefits (up to 79 years old)		√			√
Airport Angel		√	√
Concierge		√
Travel money	√	√	√	√
Gadget Insurance				√
Lost and found service			√
Legal advice and Will writing		√	√ (advice helpline only)	√
Important note: If you have purchased an upgrade for any of your insurance policies, such as increasing the age on your travel insurance, this will also be cancelled when you transfer your account. No refund will be available
Zero: You currently benefit from a no fees product. When you transfer to the 123 Current Account, different interest rates and fees will apply. This will mean you no longer benefit from: No fees if you exceed your overdraft No fees from us when you use cash machines or your debit card anywhere in the world No fees for Bankers Drafts and Counter Cheques
Premier Direct and Premier 21 customers You will begin to receive a paper version of your monthly statement. This will replace the e-mail you currently receive which prompts you to view your statement online.