Santander current accounts for June 2024

With its full range of current accounts, Santander offers everyday banking for a variety of different needs.

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Santander offers the best of both worlds to its customers. It’s a big, established high street bank but it also offers a wide range of rewarding current accounts and regularly entices new customers with generous switching bonuses.

Whether you’re looking for cashback on your bills or for a premium account that offers dedicated 24/7 customer service, you’re likely to find something that suits you.

Compare Santander’s current accounts

1 - 8 of 8
Name Product Finder score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
OFFER
Everyday Current Account
4.1
★★★★★
£0
No minimum funding requirement
0% AER
39.94% EAR variable
tag iconA simple and straightforward current account, with no monthly fee.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable.
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CASHBACK
Edge Current Account
4.4
★★★★★
£3 per month
Min. £500 Per Month (Minimum two direct debit mandates on account per month)
0% AER
39.94% EAR variable
tag icon£175 cash when you switch to a Santander Edge current account. T&Cs apply.
Current account switch service guarantee badge
Switch incentive available when you use Current Account Switch Service. For £175 cash you'll have to complete a full switch to a Santander Edge current account, set up 2 active Direct Debits and pay in £1,500 within 60 days. T&Cs apply.
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.
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CASHBACK
Santander Edge Up Current
4.4
★★★★★
£5 per month
Min. £1500 Per Month (Minimum two direct debit mandates on account per month)
3.51% AER
39.94% EAR variable
tag icon£175 cash when you switch to a Santander Edge Up current account. T&Cs apply.
Current account switch service guarantee badge
Switch incentive available when you use Current Account Switch Service. For £175 cash you'll have to complete a full switch to a Santander Edge Up current account, set up 2 active Direct Debits and pay in £1,500 within 60 days. T&Cs apply.
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.
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View details
123 Mini Current Account
4.2
★★★★★
£0
No minimum funding requirement
1% AER

Current account switch service guarantee badge
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OFFER
Santander Edge Student Current Account
Not yet rated
£0
Min. £500 per term
0% AER
N/A
tag iconA free 4-year Santander 16-25 Railcard to save 1/3 on rail travel in Great Britain - worth £100 plus a total average saving of £728 (average saving of £182 per year).
Current account switch service guarantee badge
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Basic Current Account
Not yet rated
£0
No minimum funding requirement
0% AER

tag iconSign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers.
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Private Current Account (v2)
Not yet rated
£5 per month
Min. £1500 Per Month (Minimum two direct debit mandates on account per month)
3.51% AER
39.94% EAR variable
tag icon£175 for accounts switched using the Current Account Switch Service.
Current account switch service guarantee badgeRepresentative 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.
View details
123 Graduate Account
Not yet rated
£0
Monthly salary must be paid into this account
1% AER

tag iconSign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers.
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Expert analysis: A premium account from Santander: Is it worth it?

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Rachel Wait

Writer

As far as packaged accounts go, the Edge and Edge Up accounts are pretty decent. Both have relatively low fees, and both offer rewards that can easily outweigh the monthly cost of the accounts. What’s more, Santander’s website includes a calculator to help you easily work out whether paying for your account will be cost-effective - something that isn’t always clear-cut with other packaged accounts.

With the Edge account, the maximum cashback you can earn each month on household bills is £10. But to earn that, your household bills would need to total £1,000 a month. If, on the other hand, they totalled £400 a month, you’d earn £4 a month, and this more than covers the £3 monthly fee.

On top of this, you can earn up to a further £10 a month in cashback on supermarket spending and travel costs. This is something you might be able to achieve if you regularly commute by train, for instance. But even if you only earn half of that, say £5 a month, add it to the £4 a month you’ve earned from your household bills and you’re looking at £9 a month. Or £6 a month once you’ve deducted the account fee.

It’s not bad when you consider this works out to be an extra £72 a year (with fees deducted), and all you’re doing is spending as normal.

Further benefits of the Edge account include fee-free spending abroad and access to a highly competitive savings account paying 7.00% AER. So all in all, I think it’s pretty good value, as long as you earn enough in cashback. You’re likely to find it particularly valuable if you open it as a joint account as you’ll only have one monthly fee to pay, but you’ll earn more cashback.

The Edge Up account works in a similar way but has a higher monthly fee of £5. In return, you can earn up to £15 a month in cashback for both household bills and travel spend.

Types of current account from Santander

Like most big banks, Santander has current accounts for all tastes, including:

  • Regular current accounts

    If you’re looking for a simple and straightforward account then you can apply for Santander’s Everyday Current Account in less than 10 minutes. It doesn’t charge any fees and is open to anyone over the age of 18. You can apply for an overdraft on this account too.
    Learn more about regular current accounts

  • Reward and incentive accounts

    In exchange for a monthly fee, with Santander’s reward accounts you can get cashback on your household bills and interest paid on your balance. Reward accounts can be ideal as main current accounts, because they offer good perks if you use them regularly.
    Learn more about reward and incentive accounts

  • Premium accounts

    If you meet the demanding financial criteria of a premium current account, you should probably go for it and enjoy the extra perks it comes with. Santander’s Select Current Account offers dedicated customer support and monthly interest paid on your balance.
    Learn more about premium current accounts

  • Student accounts

    Students usually need extra support with their finances and Santander’s student’s account provides it through a fee-free overdraft feature and a free railcard.
    Learn more about student accounts

  • Children’s accounts

    Santander’s 1|2|3 Mini Current Account can teach your children how to manage their finances from an early age, while also giving a little boost to their pocket money with a nice interest rate.
    Learn more about children’s accounts

  • Business accounts

    There are three business accounts to choose from with Santander. The 123 Business Account offers benefits such as cashback and interest paid on balances, while the Business Account is a straightforward bank account that offers free everyday banking for start-ups for the first 18 months. The third option is a Treasurer’s current account which offers free day-to-day banking for clubs, societies and charities. Santander are temporarily only supporting existing customers who are looking to open new business current accounts.

    Learn more about business accounts

The benefits of banking with Santander

  • Perks. Santander offers different perks and rewards to its account holders depending on the type of current account – some even pay a decent interest rate on in-credit balances.
  • Linked savings accounts. Some Santander current accounts come with linked savings accounts paying very healthy interest rates.
  • Multiple ways to bank. Depending on your preferences and banking style, you can do everything online or talk to someone in person at one of Santander’s 450 UK branches.
  • Mobile banking app. Santander’s mobile app doesn’t have tons of features but it looks clean and tidy, and allows you to see all your Santander accounts in the same place. In a nutshell, it does the job just fine.
  • A wide range of related products. One of the benefits of big banks such as Santander is that if you need a bunch of different financial products (a mortgage, a credit card or a savings account) you can have them all with the same providers and choose from a variety of options.
  • Global acceptance. Santander cards are all either Mastercard or Visa, so they’re accepted pretty much anywhere in the world.

Santander has a reputation for offering a good cashback current account. These are great household bills accounts. Pay in enough each month to cover all your bills and set up direct debits to pay everything automatically then sit back and watch the cashback reward you.”

Ruth Jackson-Kirby, personal finance expert

Opening an account with Santander

To open an account with Santander, you’ll have to provide the following information:

  • Your personal details and address history.
  • How much you expect to pay in each month.
  • Date you started your job.
  • Your salary details and any assets you have.
  • Your nationality/citizenship.
  • Proof of identity (passport, driving licence, EEA or Swiss national identity card).
  • Proof of address (utility bill or bank statement).

You can open a Santander account online or by visiting a branch.

Customer service information for Santander

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Santander customer reviews

In our independent 2024 customer satisfaction survey, 91% of Santander’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s reputation for helpful customer service and easy online banking. Here’s what some of those Santander customers had to say:

“I’ve never had a problem with Santander, there is a local branch if I need it, and their app is easy to use”

“I have had a Current account with Santander for over 5 years. I have never had a problem with my account.”

On the Apple App Store, Santander is rated 4.8 out of 5 stars from 1.1 million reviews. On the Google Play Store, Santander is rated 3.1 out of 5 stars from 147,000 reviews (February 2024).

Our verdict

Santander offers a range of current accounts, but is particularly good for rewards accounts. If you’re looking for a current account that pays rewards for spending and keeping an in-credit balance, it is definitely worth checking what Santander has to offer. Another attraction with Santander’s current accounts is that some of them come with linked savings accounts that pay very competitive interest rates.

The bank also regularly offers generous switching bonuses so keep an eye out. But if Santander’s current accounts are not for you, you can also compare other current accounts here.

Frequently asked questions

Banking scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

To find out more, read our full methodology.

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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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