What you can get (for a £10 monthly fee to maintain the account)
- Arranged overdraft facility (subject to status) - learn more in the 'Overdrafts and charges' section below
- Arranged overdraft usage fees capped at £20 per month
- No unarranged overdraft usage fees - if you exceed your agreed arranged overdraft limit and enter into an unarranged overdraft, you'll still incur the arranged overdraft usage fee or interest
- Earn up to 15% cashback with Retailer Offers when you use your Santander debit card at a range of major retailers
- You're over 18 and live in the UK permanently
There’s a £10 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, including those associated with using an overdraft facility.
For further explanation of our main terms and services take a look at our Glossary
An overdraft lets you borrow through your current account. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. There is a cost associated with using an overdraft. The way you manage your overdraft, for example if you don’t repay your fees and charges regularly, may affect your credit file. This could make it harder or more expensive to get credit with us or other providers in the future.
Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance.
An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time.
An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit.
When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances and you may incur a fee.Am I eligible? How much will it cost?
On 6 April we’re changing the way we charge for overdrafts. The table below shows how you’ll be charged for using your overdraft before and after this date.
|Before 6 April 2020||From 6 April 2020|
|Arranged overdraft fees and charges||£1 a day (capped at 20 days)||33.6% APR (variable)/29.9% EAR (variable)|
|Unarranged overdraft fees and charges||No fees||0% EAR (variable)|
If you're switching to us there'll be no arranged overdraft usage fee for the first 4 months
You're over 18 and live in the UK permanently.
You can access the Choice Current Account anytime, anywhere;
- Online Banking
- Mobile Banking app
- Register to receive mobile-to-mobile payments with Paym
Face-to-face support in branch and UK-based telephone support:
- In branch
- Telephone Banking
- Post Office
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
You'll automatically receive a monthly statement in your 'e-Documents' with Online Banking. Paper statements are available, and if requested will be sent once every three months unless you ask for monthly paper statements. You may also request statements in an alternative format, such as braille.
This account also comes with
Why choose Santander?
Information correct as at 14 January 2020.