From 17 July to 30 September 2017, Santander’s 1|2|3 Lite Current Account customers will be eligible for five per cent cashback on all spend using Apple Pay, Android Pay and Samsung pay on their debit card. The new offer is in addition to the existing and ongoing cashback benefit of up to three per cent for household bills paid by direct debit on a 1|2|3 Lite Current Account.
Santander has calculated that customers with a mobile spend of £30 a day for the 76 days of the offer would receive cashback of £114 and a spend of £10 a day for the same period would earn £38 cashback.
Cashback will be credited to customers’ accounts by the end of November.
Matt Hall, Head of Banking and Unsecured Credit at Santander said: “Our 1|2|3 Lite Current Account is well suited to customers who regularly use digital banking. Cashback linked to Apple Pay, Android Pay and Samsung Pay is another innovative way we’re rewarding customers for banking with us. It will be paid into customers’ accounts by the end of November, which could be a useful bonus to cover some of the Christmas shopping.”
Santander was an early adopter of Apple, Android and Samsung Pay as they became available – in 2015, 2016 and 2017 respectively.
The number of outlets accepting mobile payments is growing rapidly with many retailers now allowing mobile spend over the standard £30 cap on contactless card purchases. This reflects the added security of mobile purchases where each transaction is customer verified using Touch ID or fingerprint.
Santander Cashback – 1|2|3 Lite: 17 July – 30 September 2017
|1%||Water, Council Tax, Santander mortgages|
|2%||Electricity, gas, Santander home insurance|
|3%||Mobile, home phone, broadband, paid-for TV|
|4%||Apple, Android, Samsung Pay (between 17 July and 30 September 2017)|
Accounts can be opened online at santander.co.uk or in any Santander branch.
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Notes to Editors
1 Santander 1|2|3 Lite Current Account Eligibility
1|2|3 Lite Current Account: For cashback, pay in £500 a month, set up two active Direct Debits and log on to Online or Mobile Banking at least once every three months. The account is set up as paper-free (although customers can revert to paper post-opening). A £1 monthly account fee applies.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2016, the bank serves around 14 million active customers with c20,000 employees and operates through 841 branches (which includes 60 university branches) and 67 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, headquartered in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. It is among the world’s top banks by market capitalization. The bank’s purpose is to help people and businesses prosper, in a way that is simple, personal and fair. Founded in 1857, Santander had EUR 1.52 trillion in managed funds, 125 million customers, 12,200 branches and 188,000 employees at the close of 2016. Santander made attributable profit of EUR 6,204 million in 2016, an increase of 4% compared to the previous year.
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