Santander Everyday current account review
- Incentive
- Earn £150 cash when you switch to a Santander Everyday current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply.
- Account fee
- £0
- Interest (AER)
- 0% AER
- Overseas card transactions
- 2.95%
- Representative example
- If you use an arranged overdraft of £1,200, you'll be charged interest at 39.94% EAR variable.
Our verdict
Looking for a straightforward bank account? Find out if the Santander Everyday current account could work for you.
If you're looking for an everyday bank account with no monthly fees or minimum funding requirements, the Santander Everyday current account is certainly worth a look. As well as being easy to open, it also offers an interest-free overdraft for 4 months if you're switching from another provider and access to Santander Boosts.
However, if you're looking for a bank account that offers more in the way of cashback, you might prefer Santander Edge. This account offers cashback on household bills and essential spending but it also charges a monthly fee. You can compare all of Santander's current accounts here.
Pros
-
Easy to apply
-
No overeas fees for using Santander cash machines
-
No monthly fees
-
No monthly fee or minimum funding requirement
-
4-month interest-free overdraft for new customers
-
Cashback and rewards with Santander Boosts.
Cons
-
No interest paid on in-credit balances
-
Interest charged on overdrafts after first 4 months
-
Limited perks
Details
Product overview
| Account name | Everyday Current Account |
| Incentive | Earn £150 cash when you switch to a Santander Everyday current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply. |
| Provider | Santander |
| Account fee | £0 |
| Interest (AER) | 0% AER |
| ATM withdrawal limit | £300 |
| Debit network | Mastercard |
| Card type | Cash / Debit |
| Minimum eligibility age | 18 Years |
| Minimum operating balance | £0.01 |
| Minimum opening balance | £0.01 |
| Direct debits | |
| Current account switch guarantee | |
| Cheque Book |
Fees
| Currency conversion withdrawal for overseas cash withdrawal in Europe (EEA) | 2.95% |
| Currency conversion withdrawal for overseas cash withdrawal in non-Europe (EEA) | 2.95% |
| 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. |
What is the Santander Everyday current account?
The Santander Everyday current account is a straightforward bank account with no monthly fee and no minimum monthly funding requirement.
The account can be opened on a single or joint basis. Customers can manage the account 24/7 via online and mobile banking and benefit from personalised spend insights. They can also manage their account in branch or over the phone.
How does it work?
The Santander Everyday current account offers the following key features:
- Arranged overdraft. If you’re switching from another bank to Santander, no interest is charged on overdrafts for the first 4 months. After that (and for anyone else), interest is charged at a rate of 39.94% EAR representative.
- Santander Boosts. Get cashback, vouchers, prize draws and other offers personalised to you.
Who is the Santander Everyday current account for?
The Santander Everyday current account could be a suitable option for anyone looking for an easy-to-manage bank account with no monthly fee. To qualify, you must be aged 18 or over and live in the UK permanently.
What are the benefits?
The main benefit of the Santander Everyday account is that there’s no monthly fee and no minimum monthly funding requirement. What’s more, new customers benefit from an interest-free overdraft for the first 4 months, which could help you start to clear an existing overdraft from a previous account.
You will also have access to Santander Boosts, a rewards programme which offers cashback, vouchers, offers and prize draws. You can sign up for Santander Boosts online or on the app.
How to apply
The easiest way to apply for the Santander Everyday current account is online – you can complete your application in as little as 10 minutes. If you prefer, you can make an appointment at your local Santander branch to open the account face-to-face.
As part of your application, you’ll need to provide a few details about yourself, your contact information and your employment details.
Banking scores
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
Frequently asked questions
Your reviews
