Santander

Santander current accounts for January 2022

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

4.2 ★★★★★ (206 reviews) Write a review
Finder rating
★★★★★
Expert analysis
Customer rating
★★★★★
Satisfaction survey
Has cashback options with its current accounts
No spending categories or saving pots in the banking app
Spanish-headquartered bank Santander combines the advantage of a big, established bank on the UK high street with a good choice of different current accounts.

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

Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
OFFER
Everyday Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.94% EAR variable
£140 cashback to switch to a simple and straightforward current account, with no monthly fee.
Current account switch service guarantee badge
£140 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply. You're over 18 and live in the UK permanently.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
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123 Lite Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£2 per month
Min. £500 Per Month
0% AER
39.94% EAR variable
£140 cashback to switch and earn cashback every month on selected household bills.
Current account switch service guarantee badge
£140 cashback when you complete a full switch to a Santander 1|2|3 Lite Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply. For cashback on household bills, you must pay a minimum of £500 into your account each month; have 2 active Direct Debits and be over 18 years and live in the UK permanently. There is a £2 monthly fee for maintaining the account that will automatically be taken from your account each month. Log onto Online or Mobile Banking at least once every 3 months. You accept that this is a paper-free account, so documents, statements and some letters will be sent to your secure inbox in Online Banking.
To be eligible you must pay a minimum of £500 into your account each month; have 2 active Direct Debits There is a £4 monthly fee for maintaining the account that will automatically be taken from your account each month Arranged overdraft interest rate of 39.94% APR / EAR (variable).
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123 Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£4 per month
Min. £500 Per Month
0.3% AER
39.94% EAR variable
£140 cashback to switch and earn cashback every month on selected household bills + interest on your balance.
Current account switch service guarantee badge
£140 cashback when you complete a full switch to a Santander 1|2|3 Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply. For interest and cashback on household bills, you must pay a minimum of £500 into your account each month; have 2 active Direct Debits and be over 18 years and live in the UK permanently. There is a £4 monthly fee for maintaining the account that will automatically be taken from your account each month.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable. Account fee of £4 per month.
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123 Mini Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
1% AER
N/A
Eligible for Retailer Offers, customers must be over 16 and use online or mobile banking to qualify.
Current account switch service guarantee badge
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OFFER
123 Student Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
Min. £500 per term
0% AER
N/A
Free 16-25 Railcard for new customers.
Current account switch service guarantee badge
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Basic Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
N/A
Eligible for Retailer Offers, customers must use online or mobile banking to qualify.
Current account switch service guarantee badge
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Essentials Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£1 per month
No minimum funding requirement
0% AER
N/A
Eligible for Retailer Offers, customers must use online or mobile banking to qualify.
Current account switch service guarantee badge Account fee of £1 per month.
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Choice Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£10 per month
No minimum funding requirement
0% AER
29.94% EAR variable
Eligible for Retailer Offers, customers must use online or mobile banking to qualify.
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 £10 per month.
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Select Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£4 per month
No minimum funding requirement
0.3% AER
N/A
£140 cashback for accounts switched when 2 direct debits are set up, £1,000 paid in and logged into online or mobile banking within 60 days of switching using the Current Account Switch Service.
Current account switch service guarantee badge Account fee of £4 per month.
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Private Current Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£4 per month
No minimum funding requirement
0.3% AER
N/A
£140 cashback for accounts switched when 2 direct debits are set up, £1,000 paid in and logged into online or mobile banking within 60 days of switching using the Current Account Switch Service.
Current account switch service guarantee badge Account fee of £4 per month.
View details
123 Graduate Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
Monthly salary must be paid into this account
1% AER
0% EAR variable
Eligible for Retailer Offers, customers must use online or mobile banking to qualify.
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.
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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 arrange an overdraft and also earn up to 15% cashback from numerous retailers.
    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 few months. The third option is a Treasurer’s current account which offers free day-to-day banking for clubs, societies and charities.

    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.
  • 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 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 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.

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 reviews of Santander

On the App Store, the Santander mobile banking app has an average score of 4.8 out of 5 stars, based on more than 860,000 reviews. Over on the Google Play Store, the Santander app receives an average mark of 4.4 out of 5, based on around 120,000 reviews.

In Finder’s latest banking customer satisfaction survey, Santander received 4.5 out of 5 stars, and 80% of Santander’s current account customers said they would recommend the bank to a friend.

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 a bit, chances are you can find an account that was meant for someone like you.

Moreover, competition in the market is quite steep, 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 incentives just for switching your main current account from one institution to the other.

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

Our verdict

Santander offers a range of current accounts, and if you’re looking for a current account that pays rewards for spending and keeping an in-credit balance, this bank has to be one to explore further. But if Santander’s current accounts are not for you, you can also compare other current accounts here.

Frequently asked questions

Banking ratings

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

The customer satisfaction score ("Customers say") is based on a survey of 2,282 customers carried out in December 2021.

Learn the details of our methodology and scoring.

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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