Both accounts offer all the benefits of the 1|2|3 Current Account with additional exclusive features. Additional benefits include increased withdrawals limits from ATMS along with no fees from Santander ATMs abroad as well as emergency cash and card service across the globe.
Santander UK today announced the launch of its new current accounts for Select and Private customers. The new accounts have all the great benefits of the 1|2|3 Current Account, such as in-credit interest of 1.5 per cent on balances up to £20,000 and up to 3 per cent cashback on selected household bills, alongside other exclusive features. These include: a higher ATM withdrawal limit of £1000 for the Select Current Account and £1500 for the Private Current Account; worldwide emergency card replacement; and fee-free withdrawals at Santander cash machines abroad – all for a monthly fee of just £5.
The launch of the new Select Current Account marks an important milestone for the Select proposition dedicated to supporting the bespoke financial needs of customers with investments and savings of over £75,000, or a monthly income of more than £5,000 per month. The Select service also gives customers access to over 400 dedicated Relationship Managers in branches across the UK; a dedicated priority telephone service available 24 hours a day, seven days a week; exclusive products and services including access to the Santander World Elite Mastercard; and for those travelling abroad or planning to move abroad, assistance from the Santander Select Global Service available in 12 countries worldwide.
Andy Warren, Head of Select & Private Marketing, commented: “We are delighted to offer these new current accounts, as well as providing all the great benefits of our 1|2|3 Current Account, they are designed exclusively for customers who will benefit from the enhanced services and is a further step in helping them get a little more out of life. The launch marks an important milestone for our offering as we continue to identify opportunities to protect and grow our customers’ assets over the long term.”
The new Private Current Account follows the launch in June of Santander Private, a service dedicated to providing exceptional banking and wealth management services to private clients, business owners and entrepreneurs. Santander Private offers bespoke services to clients with investments and savings of over £500,000, or an annual income of more than £250,000. Clients are supported by a dedicated private banker, from our team of over 40 specialists based across the country, who can provide advice and access to a range of exclusive services across banking, lending, investment and financial planning products.
Charlotte Platts, Head of Santander Private, added: “We are delighted to introduce this to our clients as we continue to build our offering of an exclusive, personal service that clients can trust – banking that looks after them.”
New and existing eligible customers will be able to open the new Select Current Account in any Santander branch, by phone or online (www.santander.co.uk) and the new Private Current Account by calling the Private Support Team.
Earlier this year, Santander announced the launch of the new World Elite MasterCard for Select and Private customers. The credit card is designed to offer a world of travel benefits including: unlimited access to over 800 Lounge Key airport lounges worldwide; free access to over one million global Wi-Fi hotspots through Boingo; a 40% online discount on Santander travel insurance; global 24-hour support; emergency cash and card services; no foreign exchange fees for card purchases abroad when paying in the local currency; as well as a concierge service to help customers arrange and book anything from events to holidays.
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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:
The 1|2|3, Select and Private Current Account in more detail
- Benefits:
- Up to 3% cashback on bills and 1.5% AER on balances up to £20,000
- Free daily ATM withdrawal limit £1000 (Select) £1500 (Private)
- Worldwide Emergency card replacement within 36 hours
- £500 fee free overdraft
- No oversees ATM withdrawal fee and no currency conversion fee
- Eligibility:
To be a Santander Select customer you must have a current account with us and either:
- pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts); or
- maintain £75,000 in any Santander investment(s), savings or current account.
For more information: www.santander.co.uk/select
To be a Santander Private customer you must have:
- £500,000 in savings or investments; and/or
- an annual income of at least £250,000.
For more information: https://www.santanderprivate.co.uk/ - From 20th November 2017, the 1|2|3 Current Account with Gold Visa debit card will no longer be available to new customers. Existing customers can continue to hold and use their Gold Visa debit card.
About Us
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 30 June 2017, the bank serves around 14 million active customers with c19,500 employees and operates through 826 branches (which includes 61 university branches) and 65 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.
About Us
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful market share in 10 core countries in Europe and the Americas, and is among the world’s top banks by market capitalization. At the end of June 2017, Banco Santander had EUR 1.65 trillion in managed funds, 131 million customers, 13,800 branches and 200,000 employees. Banco Santander made attributable profit of EUR 3.6 billion in the first half of 2017, an increase of 24% compared to the same period last year.
Media Enquiries
Miranda Seymour T: 020 7756 4189 M: 07860 857999 E: miranda.seymour@santander.co.uk
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