Offer Review
Santander switching offer 2026 — £240 bonus guide
Updated 16 September 2026 · 6 min read
🆕 New offer, live 1 September – 7 October 2026. Santander has launched £240 for new switchers — currently the biggest cash bonus of any UK bank switching offer.
Santander's new switching offer is currently the largest cash bonus on the market — but it comes with one requirement most other banks don't ask for: funding a Regular Saver account, not just switching your current account. Here's exactly what's involved.
Before you apply — check you're switch-ready
This offer requires two active Direct Debits. BeSwitchReady sets up two genuine ones — £0.99 each, £1.98/month total — helping you meet that requirement. The bank's own terms always take precedence.
Be Switch-Ready →
Santander Everyday Current Account
£240 bonus. 2 household DDs + £1,500 pay-in + Regular Saver funded with £200, within 60 days. Ends 7 October 2026.
Claim offer →
What's the Santander offer?
- Bonus: £240 cash
- Account: Santander Everyday Current Account (no monthly fee)
- Runs: 1 September – 7 October 2026
- Bonus paid: within 60 days of your switch request, once conditions are confirmed met
Am I eligible?
- ✅ Complete a full switch via CASS
- ✅ Two active household Direct Debits on your new Santander account
- ✅ Pay in at least £1,500 within 60 days
- ✅ Open and fund a Santander Regular Saver with at least £200 (new or existing)
- ❌ Not eligible if you held a Santander current account on 1 January 2026
- ❌ Not eligible if you've received a Santander switching bonus before
The Regular Saver requirement is the key difference from most other switching offers. Unlike HSBC, NatWest, or Co-op — where a Direct Debit setup and a pay-in are enough — Santander also requires you to open and fund a separate Regular Saver account with at least £200. Miss this step and you won't qualify for the £240, even if everything else is done correctly.
The Regular Saver itself is genuinely good value too
Alongside the switching bonus, Santander's Regular Saver currently pays 8.00% AER (variable), including a 5% bonus rate for the first 12 months, on savings up to £200/month. If you save the maximum every month for a year, that's a realistic further £100+ in interest on top of the £240 switching bonus — though rates are variable and can change.
How to claim the £240
- Apply for the Santander Everyday Current Account and request a full CASS switch, before 7 October 2026
- Your Direct Debits transfer automatically within 7 working days
- Within 60 days: pay in £1,500, and open/fund a Santander Regular Saver with at least £200
- Santander checks eligibility 60 days after your switch request, then pays the £240 within 30 days of that check
Is the Santander offer worth it?
Yes — £240 is currently the largest switching bonus available, and the Regular Saver requirement, while an extra step, is genuinely good value in its own right given the 8% rate. The main thing to plan around is timing: you have a 60-day window to complete everything, and the bank takes up to 90 further days to confirm and pay, so this isn't a same-week payout.
Claim the Santander £240 offer
Live until 7 October 2026. Your BeSwitchReady Direct Debits transfer automatically via CASS.
Apply for Santander →
Always verify current terms at santander.co.uk before applying. Bonus amounts, deadlines, and eligibility criteria may change — this offer was verified as of 3 September 2026.