Santander has confirmed that it will be ending its £200 switcher cashback today, with switch requests accepted until 23:59 9 February 2023. The bank has seen strong demand in switching requests since the switcher cashback was launched on 23 January 2023.  

Santander has been offering £200 cashback to both new and existing customers when they switch their current account to a Santander Edge, 1I2I3, Everyday, Select, or Private current account through the Current Account Switch Service (CASS)(1).

Applications received to switch accounts to Santander before the deadline will be eligible for the switcher incentive, even if the switch completes after the offer is withdrawn. To qualify for the £200 cashback, within 60 days of requesting the switch, customers need to complete the switch, set up two active direct debits, deposit at least £1,000 and log in to their account using either online or mobile banking. The cashback is paid directly into their qualifying Santander account within 30 days following this(2).  

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Notes to Editors 
1)    Current Account Switch Service (CASS) makes switching simple, by transferring the existing current account balance, and all direct debits, standing orders and salary commitments, within seven days.  Customers who wish to switch into their existing Santander account can switch in branch, and new customers can choose to switch either in branch or online. 
2)    We will assess eligibility on or shortly after 60 days and if the account meets the eligibility criteria at that point in time, then payment will be made within 30 days of this. The cashback payment will only be made once. Product eligibility applies.