Santander launches free railcard offer - are you eligible?

Santander is giving some savings customers a four-year railcard freebie.

The offer is open to new and existing customers who are aged between 20 and 25.

While the railcard won’t benefit savers who are over 25, those with children that age who are looking for a new savings account may want to share the news about the incentive.

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The railcard will provide a third off train travel across England, Scotland, Wales. The discount also applies on the London Underground when the card is linked to an Oyster card.

Saket Jasoria, head of savings at Santander UK, said: “With the Easter and Spring Bank Holidays on the horizon, many people will be saving up for a quick getaway – whether that’s a weekend trip to see friends and family, or just making the most of the opportunity to explore somewhere new.

“We’re delighted to be able to help them make the most of the upcoming holidays, as well as supporting them to save even more over the years ahead, with both the railcard and through our range of savings products.”

Who is eligible for Santander’s four-year railcard offer?

Santander’s offer is open to new and existing savings customers who are 20 to 25 years old.

To be eligible, they will need to:

• Pay at least £50 into a new Santander savings account or cash ISA before 31 May.
• Maintain a minimum balance of £50 in the account until at least 30 June 2025.
• Set up online or mobile banking by 31 May 2025.

They can open an account either online or in a branch.

The average 16-25 Railcard user saves £192 a year with the card, according to the provider, which means a potential average saving of £768 over the four-year period.