1|2|3 Current Account

Earn cashback on your household bills and interest on your balance

123 Current account

What you can get

(for a £5 monthly fee to maintain the account)

  • Monthly interest of1.50% AER/1.49% gross (variable). Interest is only paid on balances up to £20,000
  • Arranged Overdraft facility (subject to status)
  • Earn cashback every month on selected household bills paid by Direct Debit


  • Pay at least £500 into your account a month
  • 2 active Direct Debits
  • You are over 18 and live in the UK permanently

Account fee

There’s a £5 monthly fee to maintain the account. This is paid from your account automatically each month.

The Fee Information Document details the main fees and charges on this account. For further explanation of our main terms and services take a look at our Glossary


The Arranged Overdraft Usage fee will depend on the amount you use.

Arranged overdraft fee

£1 a day   Below £2,000

£2 a day   £2,000 to £2,999.99

£3 a day   £3,000 and over

 Unarranged overdraft fee

No fees

Representative example

We have other borrowing options, such as credit cards, personal loans, and additional loans for our existing mortgage customers. Learn more about our borrowing options

There are other charges with this account, such as when you use your card abroad. Please refer to the Terms and Conditions for details.

If you try to make a payment that would take you into an Unarranged Overdraft, we'll decide whether or not to pay it depending on your circumstances.

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

To earn interest and cashback you'll need to pay in £500 a month (any interest paid, and payments between Santander personal accounts you’re named on won't count towards this) and have 2 active Direct Debits.

Monthly interest

You can earn monthly interest of 1.50% AER/1.49% gross (variable) on your balance up to £20,000.


You can earn 1-3% cashback on selected household bills paid by Direct Debit every month.

Cashback is paid monthly.


Household bills

1% cashback

Water bills

Council tax bills

The first £1,000 you pay towards your Santander residential mortgage.

2% cashback

Gas and electricity bills

Santander Home Insurance premiums (policies administered and underwritten by Aviva  Insurance Limited)

Santander life protection premiums (policies administered and underwritten by Aviva Life & Pensions UK Limited).

3% cashback

Mobile and home phone bills, broadband and paid for TV packages

Find out which suppliers you can earn cashback with as well as other exclusions

1|2|3 Current Account cashback calculator

This calculator is for illustrative purposes only.

You can apply if

You are over 18 and live in the UK permanently.

You may only hold a maximum of two 1|2|3 Current Accounts, one in your own name and one in joint names.

Ways to bank with us

24/7 banking on all your devices. You can switch to paper free statements and set up personalised account alerts.

  • Online Banking
  • Mobile Banking app
  • register to receive mobile-to-mobile payments with Paym
  • contactless payments with your mobile by linking your Santander debit or credit card to your AppleAndroid or Samsung device.

Face-to-face support in branch and UK-based telephone support

Overdraft alerts

We’ll send you alerts about your balance and payments to help you avoid charges.

You can manage your alert settings through Online Banking, calling us on 0800 9 123 123 or visiting a branch.


Keep your banking details private and secure.

For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre

This account also comes with

£300 ATM withdrawal per day
Online and Mobile Banking with text and email alerts
Access to the Santander branch network
Defaqto standard current account


Defaqto 5 star CA switch service 2018
Current account switch guarantee

We offer a simple, reliable and stress-free way to switch your current account to a new or existing Santander account

Switching to Santander

Key Facts Document and Terms & Conditions

We’ll email you copies, but you should read and consider these documents before you apply (you can also print or save them). If you have any questions or need further information, please contact us. To see these documents, you may need to download Adobe Reader


  • We’ll send your statements and other important information to your e-Documents section in Online Banking.
  • You can ask to receive your statements and important information by post using Online Banking, in one of our branches or by phone.
  • If you want more information on paper-free, or you don’t want to receive your documents this way then contact us.

Please note that if you request an overdraft with this account, the amount we offer may be lower than the amount requested. We will ask you to confirm that you’re happy to go ahead before we open your account.

If you are applying on behalf of other applicants you must have their authority to act on their behalf. During the application you will be asked if you want to hear about products, services and offers that may be of interest. Please note the preferences you select will apply to all applicants and will override any previous preferences given. If you, or any joint account holder, would like to amend those preferences please contact us at any time.

Before applying for this product you should consider any future changes to your financial circumstances that may impact your ability to manage this account.


Information correct as at 11 January 2019.