Santander brings back £185 bank switch bonus

Santander has jumped into the pool of banks offering a cash bonus for those who move their banking services to them. After almost a year, it has returned with a £185 incentive to draw in new customers

A branch of Santander on the high street
(Image credit: Getty Images)

Santander, one of the largest banks in the UK, has brought back its switching incentive with a £185 bonus if you move your current account over.

It joins a trail of other large banks that have also recently introduced bank switching offers to entice new customers, with attractive savings accounts attached. Most recently, HSBC launched a £220 offer, NatWest has put £200 on the table, and Lloyds will pay you £175 to jump ship.

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.