What you can get
(for a £5 monthly fee to maintain the account)
- Personal banking support from a Relationship Manager
- 24 hour dedicated call centre support for your banking needs
- Monthly interest of 0.60% AER/gross (variable) on balances up to £20,000
- Up to 3% cashback on selected household bills, capped at £5 each cashback tier each month
- £1,000 daily cash machine withdrawal limit
- Fee-free withdrawals at Santander cash machines abroad when you choose the local currency
- Earn cashback of up to 15% at a range of major retailers when you use Retailer Offers with your Santander Select debit card
- Arranged overdraft facility (subject to status) - learn more in the ‘Overdrafts and charges’ section below
Eligibility
To open the account:
- You’re 18 or over and live in the UK permanently
- Either pay your main income of at least £5,000 a month into your Select Current Account (excluding transfers from other Santander accounts) or keep £75,000 in any Santander investment(s), savings or current accounts
To get cashback and interest:
- Pay at least £500 a month into your Select Current Account (excluding transfers from other Santander accounts)
- Have at least 2 active Direct Debits
There’s a £5 monthly fee to maintain the account. It's paid from your account automatically each month.
The Fee Information Document (pdf, 120 KB) details the main fees and charges on this account, including those associated with using an overdraft.
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 interest 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. If we allow a payment, it will take you into an unarranged overdraft. We don’t charge fees for allowing or refusing a payment due to lack of funds.
Am I eligible? How much will it cost?
Is the eligibility checker right for me?
Already completed the eligibility checker? You can retrieve your previous decision
The table below shows you how you’ll be charged for using your overdraft. The first £500 is interest free.
How does our overdraft compare? The purpose of a representative APR is to enable customers to compare the costs associated with different credit products.
| Arranged overdraft interest and charges | The arranged overdraft charges will depend on the amount of overdraft you use.
£0-£500: interest not charged
£500.01 and over: an interest rate of 39.94% EAR (variable) which gives a representative |
|---|---|
| Unarranged overdraft interest and charges | Representative 0% APR/ EAR (variable) |
If you are switching to us there’ll be no arranged overdraft interest charged for the first 4 months
You can ask for up to 3 months of temporary overdraft support if you still find yourself financially impacted by coronavirus, you can request this help until 31 October 2020.
To find out how we can help you and to request support, please see our FAQs
We offer other current accounts with different overdraft interest rates or without the option for an overdraft facility. We also have different 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.
Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.
You’ll be automatically set up to receive text alerts when:
- your account makes or may make use of an unarranged overdraft
- you have regular payments due on your account and you don’t have the funds to cover them
- where a payment is refused as you don’t have enough funds.
You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase.
We’ll send these before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. If we don’t have a valid mobile number for you, we might not be able to reach you.
You can also register for other account alerts to help you to stay on top of your finances. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount.
For more information visit Account alerts
You can manage your alerts settings at any time by using Online Banking, calling us on 0800 9 123 123 or visiting a branch.
To earn interest and cashback you’ll need to pay in at least £500 a month (any interest paid, and payments between Santander personal accounts you’re named on won’t count towards this) and have at least 2 active Direct Debits.
Monthly interest of 0.60 AER/gross* (variable) on balances up to £20,000.
Rates are displayed to two decimal places. Interest is calculated daily and paid monthly.
*Based on the annual gross rate of 0.598% which is equivalent to 0.60% AER.
Interest is received gross, with no income tax deducted. Take a look at our information pages to learn more
You can earn 1-3% cashback on selected household bills paid by Direct Debit every month. Cashback is paid monthly, capped at £5 per month in each of the 1%, 2% and 3% cashback categories.
Household bills From 27 October 2020 | Household bills Before 27 October 2020 | |
|---|---|---|
| 1% cashback | Council tax bills Mobile and home phone bills, broadband and paid-for TV packages Santander monthly mortgage payments | Water bills Council tax bills Santander monthly mortgage payments |
| 2% cashback | Gas and electricity bills Santander Home Insurance premiums (policies administered and underwritten by Aviva Insurance Limited) Santander Life Insurance premiums (policies administered and underwritten by Aviva Life & Pensions UK Limited) | Gas and electricity bills Santander Home Insurance premiums (policies administered and underwritten by Aviva Insurance Limited) Santander Life Insurance premiums (policies administered and underwritten by Aviva Life & Pensions UK Limited) |
| 3% cashback | Water bills | Mobile and home phone bills, broadband and paid-for TV packages |
Cashback is paid on Direct Debit payments made directly to the provider. If your water bill, for example, is included within your council tax bill, cashback will be paid at the rate applicable for council tax, as it isn’t possible to identify the proportion of the payment that relates to water.
Exclusions apply: cashback is not paid on TV licences, LPG/ Calor gas, maintenance contracts (e.g. boiler repair cover), other insurance contracts, commercial use or commercial mortgages.
Find out which suppliers you can earn cashback with.
Select Current Account cashback calculator
- Select Current Account Key Facts Document (pdf, 2,662 KB)
- Select Current Account Fee Information Document (pdf, 120 KB)
- General Terms & Conditions (pdf)
To view these documents you may need to download Adobe Reader
- You’re 18 or over and live in the UK permanently
- Either pay your main income of at least £5,000 a month into your Select Current Account (excluding transfers from other Santander accounts) or keep £75,000 in any Santander investment(s), savings or current accounts
You can have a maximum of 2 Select Current Accounts and 1|2|3 Current Accounts, 1 in your name and 1 in joint names.
We’ll check regularly that you’re still eligible for the Select Current Account. If you no longer meet the criteria, we’ll contact you to explain your options
- Emergency cash advance within 24 hours if your card is lost or stolen abroad. Available worldwide except Cuba, India, Iran, North Korea, Sudan, Syria and Turkmenistan.
- Cash withdrawal in a foreign currency outside the UK: we’ll waive the 2.95% foreign currency conversion fee when you use Santander-branded cash machines in Germany, Spain, Poland, Portugal, Argentina, Chile, Mexico, Puerto Rico, Uruguay, USA and Brazil. Please choose the option to transact in the local currency to avoid being charged fees.
- Preferential rates on savings and mortgages and discounts on insurance products
- Exclusive Santander Select debit card
- Online Banking
- Mobile Banking
- Register to receive mobile-to-mobile payments with Paym
- Contactless payments with your mobile by linking your Santander Select debit card to your Apple, Android or Samsung device.
- Transfer money abroad with One Pay FX
Face-to-face support in branch and UK-based telephone support
- Branches where you can meet a Relationship Manager
- Telephone Banking with a dedicated UK-based team available 24/7
- Cash machine
- Post Office to make withdrawals, balance enquiries, cash deposits and cheque deposits
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
Why choose Santander?
Switch quickly and easily
We offer a simple, reliable and stress-free way to switch your current account to a new or existing Santander account
Information correct as at 3 August 2020.