Santander offers £150 switching bonus, deadline February 5

Santander is offering a £150 cash bonus to customers who switch their accounts by 11.59pm on Wednesday, February 5, 2025. To qualify, customers need to deposit at least £1,500 within 60 days and set up two active Direct Debits. The offer is available to new and existing customers switching to eligible Santander accounts, including the Santander Edge, Edge Up, Everyday, or Private accounts. A £3 monthly fee applies to the Edge account, which offers cashback on household bills and spending. Alastair Douglas from TotallyMoney emphasized that those who have already received a Santander switch incentive since September 2021 are ineligible for this bonus. Customers are also encouraged to explore alternative banking offers from other providers for potentially better benefits.