Santander current accounts for December 2020

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

Updated

Fact checked
Santander
We say
★★★★★
Finder expert rating
You say
★★★★★
Customer satisfaction
Decent overall - one of the better big banks
Still better out there for a good app or customer service
Spanish-born bank Santander combines the advantages of a big, established bank with a good choice of different current accounts.

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

Santander Everyday Current Account

Santander: Everyday Current Account

  • Up to 15% cashback at a range of major retailers
  • Interest and fee free overdraft for the first four months when you switch
  • No monthly fee to maintain the account
Promoted

Compare Santander current accounts

Table: sorted by interest rate, promoted deals first
Data indicated here is updated daily
Name Product Interest (AER) Arranged overdraft Key benefits Link Representative example
Santander
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
View details
Current account switch service guarantee badge
Up to 15% cashback at a range of major retailers
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
Santander
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months
Go to site
View details
Current account switch service guarantee badge
Up to 3% cashback on selected household bills
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable. Account fee of £2 per month.
Santander
0.01%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
View details
Current account switch service guarantee badge
Monthly interest of 1% AER on balances up to £20,000
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.
Santander
0.01%
N/A
Free 16-25 Railcard for new customers
Go to site
View details
Current account switch service guarantee badge
Santander’s student account remains an excellent value for students, especially those who need to catch trains a lot, such as those moving to the other side of the country. You get a four year railcard with Santander, which gets you ⅓ off rail fare, a lifesaver when you need to go home for Christmas on a budget and need to buy a train ticket.It also offers an interest free overdraft up to £1,500 for the first three years of your degree, which then increases if you stay on for longer. Plus, you can get cashback of up to 15% at some major retailers.
Basic Current Account
Santander
0%
N/A
Eligible for Retailer Offers, customers must use online or mobile banking to qualify
View details
Current account switch service guarantee badge
Choice Current Account
Santander
0%
29.94% EAR variable
Eligible for Retailer Offers, customers must use online or mobile banking to qualify
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 29.94% EAR variable. Account fee of £0 per month or £10 per month.
Essentials Current Account
Santander
0%
N/A
Eligible for Retailer Offers, customers must use online or mobile banking to qualify
View details
Current account switch service guarantee badge Account fee of £1 per month.
Private Current Account
Santander
0.01%
N/A
Foreign exchange fee as well as cash handling fee will be waived if a Santander branded cash machine is used in selected countries.
View details
Current account switch service guarantee badge Account fee of £5 per month.
Select Current Account
Santander
0.01%
N/A
Foreign exchange fee as well as cash handling fee will be waived if a Santander branded cash machine is used in selected countries.
View details
Current account switch service guarantee badge Account fee of £5 per month.
123 Graduate Account
Santander
0.01%
0% EAR variable
Eligible for Retailer Offers, customers must use online or mobile banking to qualify
View details
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 0% EAR variable.
123 Mini Current Account
Santander
0.01%
N/A
Eligible for Retailer Offers, customers must be over 16 and use online or mobile banking to qualify
View details
Current account switch service guarantee badge
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Types of current accounts from Santander

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

  • 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, a decent interest rate on the account balance 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

The benefits of banking with Santander

  • Perks. Santander offers different perks and rewards to its account holders, with some of the current accounts even paying a decent interest rate on the balance.
  • Multiple ways to bank. Depending on your preferences and style, you can do everything online or talk to someone in person at one of Santander’s more than 600 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 and to log in with your fingerprint. 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 things (a mortgage, a credit card, a savings account) you can have them all with the same institution and choose among a variety of options.
  • Global acceptance. Santander cards are all either Mastercard or Visa, so they’re accepted pretty much anywhere.

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, bank statement).

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

Why should I compare current accounts anyway?

Despite offering a pretty basic service at their core, current accounts are not all the same. Banks tailor them according to different criteria and needs, so it’s worth spending time thinking about what you use your account for and which features suit you best. Do you pay expensive bills, eat out a lot, withdraw much cash or travel frequently? By browsing around a bit, chances are you can find an account that was meant for someone like you.

Moreover, competition in the market is quite harsh, because once people get a current account with one bank, they’re also likely to go to it for the rest of their financial needs. So, you can often get nice rewards just for switching your main current accounts from one institution to the other.

Our current accounts page compares and contrasts a selection of current accounts and their features to help you pick the one that works best for you.

What about digital banking?

These days, there’s a lot of conversation around so-called challenger banks. You’ve probably heard of Monzo or Starling, and a number of smaller ones are also becoming increasingly popular.

They aim to offer a different kind of banking experience, based on technology, mobile apps, more efficient services and less fees. If this sounds like your thing, you can head to our digital banking hub to learn more.

Data indicated here is updated daily
Name Product Ratings Interest (AER) Arranged overdraft Key benefits Link Representative example
We say
★★★★★
You say
★★★★★
0%
15% EAR variable
Award-winning current account, apply in minutes
Go to site
Current account switch service guarantee badge
No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 15% EAR variable.
We say
★★★★★
You say
★★★★★
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
Current account switch service guarantee badge
Up to 15% cashback at a range of major retailers
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
We say
★★★★★
0%
N/A
Guaranteed acceptance plus a credit building feature
Go to site
Account fee of £5.95 per month.
We say
★★★★★
0%
N/A
Guaranteed acceptance
Go to site
Current account switch service guarantee badge
Earn cashback on your purchases when you shop through the ThinkMoney rewards portal
Account fee of £10 per month or £15 per month.
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Frequently asked questions

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.

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