Santander UK launches market-leading £240 current account switching offer for new and existing customers

01 September 2026

From today (01 September 2026), new and existing Santander customers can nab themselves £240 when switching to Santander's Everyday current account1 using the Current Account Switch Service (CASS)2.

Customers that switch to a Santander Everyday current account and open a Santander Regular Saver account paying 8% interest3 in their name can qualify for the offer.


To be eligible to snap up the £240 switcher offer, customers must:

  • Submit a switch request on or after 1 September 2026 and before the switcher offer is withdrawn4,
  • Complete the full switch within 60 days of the initial switch request, including closing their external account,
  • Pay in at least £1,500 to their eligible Santander account within 60 days of the initial switch request, which can be done through one or more payments,
  • Set up at least two active household direct debits within 60 days of the initial switch request,
  • Not have held a Santander current account on 1st January 2026, and
  • Fund a Santander Regular Saver account held in their own name with at least £200 within 60 days of requesting the switch. 

Eligible customers will receive their payment within 90 days of starting the switch process. 

Gail Russell, Head of Everyday Banking at Santander UK, commented: “As summer draws to a close, we’re offering a £240 boost when new and existing customers switch to our Everyday current account. With no monthly fee and the opportunity to earn 8% interest with our Regular Saver, the offer provides even more value for customers looking to beat the post-holiday blues.” 

- 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. Santander’s Everyday current account allows customers to manage their money easily, with no minimum funding or monthly account fee to keep the account up and running. Full details: Everyday Current Account | No monthly account fee | Santander UK
  2. The 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.
  3. Santander’s Regular Saver account comes with an interest rate of 8.00% AER/gross (variable), which includes a 5.00% AER/gross (variable) bonus for the first 12 months, available to all Santander current account customers, including its Everyday current account customers. Full details: Regular saving | Savings accounts | Santander UK.
  4. The £240 switching offer is for a limited time and can be withdrawn at any time. Full details: [LINK]
  5. ‘Household Direct Debits’ could apply to a range of standing orders for the payment of your council tax, mobile phone, home phone, broadband, paid-for TV packages, and water, gas and electricity bills.
  6. Customers must be a UK resident switching from an external provider (not including Santander, cahoot or Cater Allen) to qualify for the offer. Customers won’t qualify if anyone named on the new account held a Santander current account on 1 January 2026 or has received a switch incentive from Santander before. Santander assesses whether a customer has achieved eligibility for the offer 60 days after the switch through CASS has been requested. If eligible, the £240 payment is then made within 30 days after that assessment.

Santander UK is a financial services provider in the UK, helping people and businesses prosper. From buying a home to budgeting, saving and investing for the future, or growing their business, the bank offers a broad range of personal and commercial financial products and services designed around customers' goals. Combining the convenience of digital banking with a human touch, Santander UK serves its customers via online and mobile banking, a nationwide branch network that includes seven  Work Cafés, and a  telephone service supported by tailored AI solutions to provide fast and effective support. As part of Banco Santander, one of the world's biggest banking groups, Santander UK customers benefit from a locally focused UK bank, backed by global scale, technology platforms and security. In April 2026, Santander UK completed its acquisition of TSB Banking Group, the single largest investment in the UK banking sector for over 15 years, creating the third largest UK bank based on personal current account balances and fourth largest for mortgages. 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) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Openbank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments. This operating model allows the bank to better leverage its unique combination of global scale and local leadership. 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. As of the end of June 2026, Banco Santander had €1.5 trillion in total funds, more than 182 million customers, 6,500 branches and 185,000 employees.