In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees
    • Overdraft information
  • Frequently asked questions
  • Your reviews

Santander Everyday current account review

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Everyday Current Account
4.1
★★★★★
Finder score
Key benefits
A simple and straightforward current account, with no monthly fee
Account fee
£0
Interest (AER)
0% AER
Overseas card transactions
2.95%
Representative example
If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable.

Our verdict

Looking for a straightforward bank account? Find out if the Santander Everyday current account could work for you.

If you're looking for an everyday bank account with no monthly fees or minimum funding requirements, the Santander Everyday current account is certainly worth a look. As well as being easy to open, it also offers an interest-free overdraft for 4 months if you're switching from another provider and access to Santander Boosts.

However, if you're looking for a bank account that offers more in the way of cashback, you might prefer Santander Edge. This account offers cashback on household bills and essential spending but it also charges a monthly fee. You can compare all of Santander's current accounts here.

Pros

  • Easy to apply
  • No fees for using Santander cash machines
  • No monthly fees
  • No monthly fee or minimum funding requirement
  • 4-month interest-free overdraft for new customers
  • Cashback and rewards with Santander Boosts.

Cons

  • No interest paid on in-credit balances
  • Interest charged on overdrafts after first 4 months
  • Limited perks

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees
    • Overdraft information
  • Frequently asked questions
  • Your reviews

Details

Product overview

Account name Everyday Current Account
Incentive
tag iconA simple and straightforward current account, with no monthly fee.
Provider Santander
Account fee £0
ATM withdrawal limit £300
Debit network Visa
Card type Cash / Debit
Minimum eligibility age 18 Years
Minimum operating balance £0.01
Minimum opening balance £0.01
Direct debits
Current account switch guarantee
Cheque Book

Fees

Foreign cash currency fee in Europe 2.95%
Foreign cash currency fee in rest of world 2.95%
Foreign cash transaction fee in Europe £0
Foreign cash transaction fee in rest of world £0

Overdraft information

Arranged overdraft available
Arranged overdraft rate 39.94%
Overdraft Grace Period 20:00 same day
Representative example If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable.

What is the Santander Everyday current account?

The Santander Everyday current account is a straightforward bank account with no monthly fee and no minimum monthly funding requirement.

The account can be opened on a single or joint basis. Customers can manage the account 24/7 via online and mobile banking and benefit from personalised spend insights. They can also manage their account in branch or over the phone.

How does it work?

The Santander Everyday current account offers the following key features:

  • Arranged overdraft. If you’re switching from another bank to Santander, no interest is charged on overdrafts for the first 4 months. After that (and for anyone else), interest is charged at a rate of 39.94% EAR representative.
  • Santander Boosts. Get cashback, vouchers, prize draws and other offers personalised to you.

Who is the Santander Everyday current account for?

The Santander Everyday current account could be a suitable option for anyone looking for an easy-to-manage bank account with no monthly fee. To qualify, you must be aged 18 or over and live in the UK permanently.

What are the benefits?

The main benefit of the Santander Everyday account is that there’s no monthly fee and no minimum monthly funding requirement. What’s more, new customers benefit from an interest-free overdraft for the first 4 months, which could help you start to clear an existing overdraft from a previous account.

You will also have access to Santander Boosts, a rewards programme which offers cashback, vouchers, offers and prize draws. You can sign up for Santander Boosts online or on the app.

How to apply

The easiest way to apply for the Santander Everyday current account is online – you can complete your application in as little as 10 minutes. If you prefer, you can make an appointment at your local Santander branch to open the account face-to-face.

As part of your application, you’ll need to provide a few details about yourself, your contact information and your employment details.

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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