Santander £240 Switching Offer
Santander is offering eligible customers £240 when they switch their current account, giving some UK households a chance to receive extra cash before Christmas.
The offer applies to customers who request a switch to a Santander Everyday Current Account from 27 October 2026 onwards using the Current Account Switch Service. The offer can be withdrawn at any time.
How to Get the £240
Customers must complete several conditions within 60 days of requesting the switch.
You need to:
- Complete a full switch using the Current Account Switch Service.
- Pay at least £1,500 into the Santander Everyday Current Account.
- Have at least two qualifying household Direct Debits.
- Pay at least £200 into a Santander Regular Saver held in your own name.
The Regular Saver can be a new account or one you already hold.
When Is the Money Paid?
Santander says the £240 payment is made 90 days after the initial switch request, provided all eligibility conditions have been met.
You must continue holding both the Everyday Current Account and Regular Saver, with the two qualifying Direct Debits active, when Santander makes the payment.
This means customers starting the process at the right time could potentially receive the money around the festive period, although the exact payment date depends on when the switch was requested.
Who Cannot Claim?
The offer is not available to everyone.
You generally cannot qualify if you held a Santander current account on 1 January 2026, or if you have previously received a Santander switching incentive.
Joint accounts also receive only one £240 payment, rather than £240 for each person.
Check Before Switching
Anyone considering the offer should read Santander’s full terms and make sure they can meet all the requirements before moving their bank account.
The £240 is not an automatic Christmas bonus. It is a switching incentive, and missing one of the qualifying conditions could mean you do not receive the payment.