Santander switch deal: November 2026

Find out about Santander's £240 welcome offer to switch along with how to qualify for this deal.

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Kate Steere

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Liz Edwards

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Santander is back with a new switching deal, and it’s one of the best bank switching offers around right now. From 27 October 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.”

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Who can get the deal?

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.

When does the offer end?

Santander may withdraw this offer at any time.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.

Compare current accounts from Santander

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Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example
8.6Great
£0
No minimum funding requirement
0% AER
39.94% EAR variable
£240 if you complete a full switch using Current Account Switch Service (CASS), set up 2 household direct debits, pay in at least £1,500 and save £200 in a Santander Regular Saver, within 60 days. T&Cs and exclusions apply.
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable.
Go to site More info
Compare product selection
Santander logo
9.8Excellent
Santander Edge
Cashback
9.8Excellent
£3 per month
£500 per month
0% AER
39.94% EAR variable
Access to Santander Regular Saver. 8.00% AER/Gross (variable), including a 5% AER/Gross (variable) bonus for the first 12 months. Save up to £200 per month, payable from a Santander current account. T&Cs and eligibility criteria apply. Rate may be withdrawn.
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable. Account fee of £3 per month.
Go to site More info
Compare product selection
Santander logo
9.6Excellent
Santander Edge Up
Cashback
9.6Excellent
£5 per month
£1500 per month
2.1% AER
39.94% EAR variable
Access to Santander Regular Saver. 8.00% AER/Gross (variable), including a 5% AER/Gross (variable) bonus for the first 12 months. Save up to £200 per month, payable from a Santander current account. T&Cs and eligibility criteria apply. Rate may be withdrawn.
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable. Account fee of £5 per month.
Go to site More info
Compare product selection
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Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.
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To make sure you get accurate and helpful information, this guide has been edited by Liz Edwards as part of our fact-checking process.
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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

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