Major bank offers £50 Amazon voucher to customers opening new current account

Joe Sledge
Thu, 23 Apr 2026 09:16:07 +0000

Santander UK has launched a new offer giving customers a £50 Amazon voucher for opening a current account without switching banks.

The deal, highlighted by MoneySavingExpert, allows customers to keep their existing account while qualifying for the incentive and is open to both new and existing Santander customers.

Unlike many bank promotions, the offer does not require use of the switching service.

Instead, customers must meet specific spending criteria over a three‑month period: at least 10 debit card transactions of £5 or more in May, June and July 2026 — a minimum of 30 transactions in total.

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The account must remain open throughout the qualifying period, and anyone who has received a Santander switching bonus or voucher in the past 12 months is excluded.

Eligible customers will receive an email by September 15 with instructions on how to claim the voucher, which must be redeemed within 30 days.

The offer applies to several Santander current accounts.

The Everyday Current Account has no monthly fee, while the Edge account costs £3 a month and offers one per cent cashback on household bills paid by direct debit, capped at £10.

MoneySavingExpert said the Edge account may suit joint household spending.

The Edge Up and Edge Explorer accounts are also included, with monthly fees of up to £17 and benefits such as insurance and preferential savings rates.

Santander is simultaneously running a separate switching incentive.

Customers who move their existing bank account to either the Edge or Edge Up account can receive £180 in cash, provided they use the Current Account Switch Service.

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This transfers balances, direct debits and standing orders within seven working days, with payments automatically redirected.

To qualify, customers must deposit £1,500 within 60 days and then pay in £500 per month.

Other major banks are also running switching incentives this spring.

Barclays is offering £200 to customers who open a new account through its app, sign up to Blue Rewards and complete a full switch using the Current Account Switch Service.

Lloyds is paying £200 to new Club Lloyds customers who switch in at least three direct debits and spend £100 on their debit card within 35 days.

First Direct continues to offer £175 for switching to its 1st Account, alongside a £250 interest‑free overdraft buffer.

NatWest is paying £150 to new Select and Reward customers who complete a full switch and meet its funding requirements.

Several of the deals also include access to linked savings accounts, with rates of up to seven per cent available in some cases.

Banks are expected to update or extend their incentives as competition for current‑account customers continues.