Santander Edge Up review
- Incentive
- Earn cashback every month on selected household bills and essential spend plus interest on your balance.
- Account fee
- £5 per month
- Interest (AER)
- 0% AER
- Overseas card transactions
- 0%
- Representative example
- If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable. Account fee of £5 per month.
Our verdict
Level up with Santander’s newest cashback current account.
Santander Edge Up takes things to the next level. With a higher cashback threshold, you can potentially earn £30 a month, and the monthly interest rate applies to your current account balance and saves you from having to open a separate savings account.
However, Edge Up carries a £5 monthly fee, so you should make sure the benefits outweigh that. With cashback only available on selected bills and debit card spend, you would need to make sure your payments qualify for the cashback to make the higher monthly fee worth it. Otherwise, the Edge account is probably the better option.
Visit Santander’s website to apply or compare other Santander accounts here. You can also compare other current accounts with cashback offers.Pros
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1% cashback on selected household bills and essential spend
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Monthly interest ( AER)
-
Fee free spending abroad
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Arranged overdraft
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Santander Boost rewards programme with prize draws, vouchers, etc.
Cons
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Account management fee of £5 per month.
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Monthly funding requirement
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Strict eligibility criteria
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Interest on overdraft is 39.94% EAR
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Cashback is capped at £15 a month
Details
Product overview
Account name | Santander Edge Up current account |
Incentive | Earn cashback every month on selected household bills and essential spend plus interest on your balance. |
Provider | Santander |
Account fee | £5 per month |
Interest (AER) | 0% AER |
ATM withdrawal limit | £300 |
Debit network | Mastercard |
Card type | Cash / Debit |
Minimum eligibility age | 18 Years |
Minimum operating balance | £0 |
Minimum opening balance | £0 |
Direct debits | |
Current account switch guarantee | |
Cheque Book |
Fees
Currency conversion withdrawal for overseas cash withdrawal in Europe (EEA) | 0% |
Currency conversion withdrawal for overseas cash withdrawal in non-Europe (EEA) | 0% |
Foreign cash transaction fee in Europe | £0 |
Foreign cash transaction fee in rest of world | £0 |
Overdraft information
Arranged overdraft available | |
Arranged overdraft rate | 39.94% |
Overdraft Grace Period | 20:00 same day |
Representative example | If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable. Account fee of £5 per month. |
What is the Santander Edge Up current account?
The Santander Edge Up account is an everyday bank account that allows you to earn cashback on selected household bills and essential spending (at supermarkets or on train/bus travel). It also has a monthly in-credit interest rate and fee-free spending abroad. In return, you’ll need to pay a £5 monthly fee to maintain the account, and you’ll need to meet certain eligibility criteria.
You can open the account individually or jointly, and you can access it online, through the mobile app, via telephone banking or in branch.
How does it work?
The Santander Edge Up account has the following key features:
- Cashback. Earn 1% cashback on selected household bills when you pay by direct debit (up to £15 a month) and earn 1% cashback at supermarkets and on travel costs when you use your debit card (up to £15 a month).
- Monthly interest. Interest of AER on balances up to .
- Fee-free international payments. You can make international payments with no extra fees. Although, keep in mind the receiving bank may still apply charges.
- Zero foreign transaction fees. There are no fees for using your debit card to withdraw cash or make payments outside the UK in the local currency.
- Arranged overdraft. Overdraft option with a rate of 39.94%.
- Santander Boosts. Personalised offers, vouchers, prize draws and cashback.
Who is it for?
To open the Santander Edge Up account, you’ll need to be at least 18 years old and permanently live in the UK. You can hold a maximum of 2 Santander Edge Up current accounts, 1 in your own name and 1 in joint names.
To qualify for cashback, you must also pay £1,500 into your account each month (which equates to an annual salary over £20,000 or potentially higher depending on your pension contributions) and have at least 2 active direct debits.
What are the benefits?
There are several benefits to opening a Santander Edge Up account. As well as offering cashback on selected household bills, you can earn cashback on essential spending at all the major supermarkets and on travel. “Travel” means fuel (including EV charging), train/bus tickets, but not flights, alas. The cashback threshold is also higher than the Santander Edge account, so in theory you can earn up to £30 in total each month. There’s also monthly interest at AER and fee-free spending when abroad.
How to apply
You can apply for a Santander Edge Up account online in just 10 minutes. Alternatively, you can call the UK customer service centre or visit your nearest branch.
Santander customer reviews
Customers who participated in Finder’s 2024 customer satisfaction survey were overwhelmingly positive about Santander, with many highlighting its “excellent” customer service and “easy to use” app.
One customer said of the Edge account: “It does all I want it to do, for a reasonable monthly fee that’s more than covered by the cashback offers and the interest received on the balance”.
Santander just about edged it’s way into the top 10 in our 2024 banking customer satisfaction awards, with a score of 4.6 out of 5. 91% of customers are very happy to recommend the brand to a friend, which is up from 85% in 2023.