Santander is back with a new switching deal, and it’s one of the best bank switching offers around right now. From 1 September 2026, you can get £240 cash when you open an eligible Santander account and switch over using the Current Account Switch Service (CASS).
How much can I get with Santander’s switching deal?
You can get a £240 cash welcome bonus if you successfully switch to Santander’s Everyday Current Account and meet the terms and conditions to qualify.
As part of the switch, you’ll need to open the Santander Regular Saver at 8% AER. If you save the maximum of £200 every month, you’ll earn £104 in interest in a year.
“That’s £344 in your first year, including welcome bonus and maximum savings interest.”
Get FREE alerts for new bank switching offers
FREE switching offer alerts
Sign up to receive the latest deals, expert tips, and a chance to win £100! (T&Cs)
Only new Santander customers can get it and you need to switch and close an account from elsewhere, moving to your new Santander account using the switching service.
To qualify, you can’t have previously received a Santader switcher incentive or held a current account on 1 January 2026.
How can I get the deal?
To get the £240 switching bonus, you’ll need to open a Santander Everyday Current account.
You’ll also need to pay in at least £1,500 and switch over at least 2 active household direct debits within 60 days of account opening. You can find the list of acceptable direct debits on the Santander website.
As part of the switching deal, you’ll also be required to fund a Santander Regular Saver with at least £200. You can open a new one or fund an existing one.
After 90 days, Santander will check that you’re eligible and met all the qualifying criteria and will pay the £240 into your account.
The exclusions
You won’t be eligible to earn the £240 if you held a Santander current account on 1 January 2026, but if you got an account after this date then you’re good to go.
If you or anyone named on the account has previously received a switcher incentive on one of the accounts included in the offer.
Or if you switch from an account you hold with Santander, cahoot or Cater Allen.
The direct debits you set up cannot include direct debits set up to fund a savings account you have with Santander, cahoot or Cater Allen.
We currently don't have that product, but here are others to consider:
Looking for other options? Check out these similar products.
How we picked these
Finder Score for bank accounts
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Hide
Get FREE alerts for new bank switching offers
FREE switching offer alerts
Sign up to receive the latest deals, expert tips, and a chance to win £100! (T&Cs)
Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run.
See full bio
Kate's expertise
Kate
has written
187
Finder guides across topics including:
All you need to know about the impact that switching banks has on your credit score.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
