Latest news with #SantanderEdge
Daily Mirror
2 days ago
- Business
- Daily Mirror
A-Level results 2025: Best student bank accounts including Lloyds and HSBC
TotallyMoney and Moneycomms have released a review of the student bank accounts currently available - here are the best options for anyone heading off to university A-Level results are due to be released tomorrow (Thursday, August 14) and many students will be wondering which bank account they should get ahead of starting their studies. TotallyMoney and Moneycomms have analysed the student accounts on offer for those embarking on higher education this September. Alastair Douglas, CEO of TotallyMoney advised: "If you're heading off to college or university this September, then it's worth shopping around and having a look to see if there's a student bank account out there that might help you save money over the next few years." He claimed that "most will try and entice you with an interest-free overdraft, but it's worth remembering that you'll have to pay this money back at some point". He added: "It's worth thinking about your finances in general, as you might be taking out a student loan and moving into shared accommodation where you're splitting bills, and you'll probably have a thin credit file too. "So download a free personal finance app to help you budget and build your credit score. That way you could be leaving higher-education with a First Class Masters in managing your money." It comes after news that Nationwide will pay bonus £760 into accounts of customers who do one thing. Santander Douglas shared his thoughts on the Santander Edge account, saying: "The Santander Edge account offers a wide range of perks, which includes cashback at a range of retailers, and a free four year Railcard. "However, you will need to make this your main account and deposit a minimum of £500 every four months. You'll also be entered into a prize draw, and you could bank up to £100k." If you choose Santander Edge, expect your first year to include a maximum overdraft of £1,500, with the required deposit each term. Year two and three will follow with the same overdraft limits. However, year four will see that amount increase to £1,800, and further still to £2,000 in year five. The incentives include: • Free four-year 16-25 Railcard (worth £115) • Access to Santander 'boosts' – cashback offers at Greggs, Tesco, Café Nero and other retailers • Entry in prize draw – prizes from £100 to £100,000 (minimum £20 guaranteed) Halifax Douglas continued, stating: "Halifax will give you £100 cash if you open an account and deposit £500 by the end of October, and 15 percent cashback at certain retailers. "You'll also get up to £90 in Deliveroo vouchers if you use the card often enough – which could come in handy if you fancy treating yourself to a takeaway." The overdraft similar to Santander, with £1,500 for the first three years, differs at the fourth year where £2,000 is offered for year four and five. The benefits of student banking with Halifax are: • £100 cash if you deposit min of £500 by October 31, 2025 • Up to £90 in Deliveroo vouchers (£15 per month from November to April, with a minimum of 20 card transactions per month to qualify) • Up to 15 percent cashback with selected retailers including Costa, Just Eat and Sainsbury's NatWest/ RBS Douglas said: "With NatWest and RBS you can get an interest-free overdraft of to £3,250 – but watch out, because you will have to repay it." He said the perks include £85 cash for signing up, and a Taste Card, giving you discounts when you eat out. Its overdraft starts at £2,000, and increases to £3,250 in your third year. Along with your account, you will receive: • £85 in cash • Four-year free Taste Card (worth £79.99 per year) HSBC Douglas stated: "The HSBC student account is a good choice if you're planning to save, as they'll pay 5.00% interest. If not, you could get an overdraft of up to £3,000 by your third year of studying." Starting at £1,000, the overdraft increases by £1,000 each year. This means that in your second year of University, you will have the option of a £2,000 overdraft, and your third year a maximum of £3,000 - which continues to the end of year five. With this account you will have access to: • 5% regular saver account Get the best deals and tips from Mirror Money WHATSAPP GROUP: Get money news and top deals straight to your phone by joining our Money WhatsApp group here. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. Lloyds Bank Lloyds Bank gives you a £1,500 overdraft to begin your first year with, with an increase at your third year to £2,000. This will continue through to the end of your fifth year, similar to HSBC. Lloyds also offers: • £100 cash if you deposit a minimum of £500 by October 31, 2025 • Up to £90 in Deliveroo vouchers (£15 per month from November to April, with a minimum of 20 card transactions per month to qualify - the same to Halifax) • Up to 15% cashback with selected retailers including Costa, Co-Op, and Sky Nationwide The Nationwide FlexStudent requires the account holder to pay in at least £500 each term, with the promise of an initial overdraft of £1,000. Increasing up until the third year, you can expect a maximum overdraft of £2,000 in year two and £3,000 in year three. This is available till the end of your fifth years. Other perks include: • £100 cashback within 14 days of depositing £500 to your account (expiring on December 12, 2025) • 12 monthly Just Eat vouchers worth £10 each, totalling to £120 • Extra £40 Just Eat vouchers (with 2X referrals for £20 each) • Commission-free purchases and cash withdrawals abroad TSB A more basic account, the TSB overdraft remains at £1,500 throughout the course of five years. Whilst it states this amount increases over the course of the year, you will begin with the standard amount. The account also comes with: • Credit interest of 5.00 percent AER on balances up to £500 Barclays TotallyMoney claims it comes with an interest-free overdraft of up to £1,500, with no added bonuses or incentives. Beginning at £1,000 in your first year, with an initial maximum of £500 when opening, the overdraft is now set to increase to £1,500 in your second year - which will continue to the end of your time at University. Unfortunately, Barclays offer no extra benefits.
Glasgow Times
29-07-2025
- Business
- Glasgow Times
Santander customers issued urgent credit card warning
The high street bank is increasing the fees that apply to one of its accounts, the Santander Edge credit card. There will be an increase in the fees from £3 a month to £4 a month going forward. A spokesperson told BirminghamLive: "We regularly review our product offering to reflect wider market conditions, and as part of our refresh of our Santander Edge credit card, we will be giving all eligible customers the opportunity to earn up to £120 cashback per year, without having to be an existing Santander current account holder. "There is no change for existing Santander Edge credit card customers, who will continue to receive 2% cashback on all purchases for the first year and 1% cashback on all purchases after the first year, for a £3 monthly fee." Banking is changing, and so must we. We're pleased to announce that we've acquired @TSB from Banco Sabadell, subject to regulatory and shareholder approvals. This move will provide us with the scale needed to accelerate our transformation and become the best bank for all our… — Santander UK (@santanderuk) July 1, 2025 You can apply for a Santander Edge credit card if you have a personal UK current account with Santander. Cahoot, Cater Allen and Business Banking current accounts are not eligible. If you close your Santander current account, you will stop earning cashback on your Santander Edge credit card permanently. You must be a permanent UK resident aged 18 years or over. You need a guaranteed annual income of £10,500 or more (before tax). You need to have a good credit record and not been declared bankrupt, had a CCJ or an IVA within the last six years. Santander says: "We'll do a credit check as part of the application. This will determine whether you're accepted and the credit limit that we can offer. Recommended reading: "We reserve the right to refuse any application. You can't apply for another Santander Edge credit card if you already have one and are the main cardholder." Gerry Davies, director of Payments and Cards at Santander UK, said: "We're making it even easier for people to get rewarded for their everyday spending while benefitting from the enhanced security and control that a credit card offers. "Whether you're jetting off on your holidays and want a fee-free way to spend while you're abroad or looking to make your money go even further to cover those last-minute summer purchases – pay smarter with the Edge credit card and make your money work harder for you."
The Herald Scotland
28-07-2025
- Business
- The Herald Scotland
Santander customers issued urgent credit card warning
There will be an increase in the fees from £3 a month to £4 a month going forward. A spokesperson told BirminghamLive: "We regularly review our product offering to reflect wider market conditions, and as part of our refresh of our Santander Edge credit card, we will be giving all eligible customers the opportunity to earn up to £120 cashback per year, without having to be an existing Santander current account holder. "There is no change for existing Santander Edge credit card customers, who will continue to receive 2% cashback on all purchases for the first year and 1% cashback on all purchases after the first year, for a £3 monthly fee." Banking is changing, and so must we. We're pleased to announce that we've acquired @TSB from Banco Sabadell, subject to regulatory and shareholder approvals. This move will provide us with the scale needed to accelerate our transformation and become the best bank for all our… — Santander UK (@santanderuk) July 1, 2025 You can apply for a Santander Edge credit card if you have a personal UK current account with Santander. Cahoot, Cater Allen and Business Banking current accounts are not eligible. If you close your Santander current account, you will stop earning cashback on your Santander Edge credit card permanently. You must be a permanent UK resident aged 18 years or over. You need a guaranteed annual income of £10,500 or more (before tax). You need to have a good credit record and not been declared bankrupt, had a CCJ or an IVA within the last six years. Santander says: "We'll do a credit check as part of the application. This will determine whether you're accepted and the credit limit that we can offer. Recommended reading: "We reserve the right to refuse any application. You can't apply for another Santander Edge credit card if you already have one and are the main cardholder." Gerry Davies, director of Payments and Cards at Santander UK, said: "We're making it even easier for people to get rewarded for their everyday spending while benefitting from the enhanced security and control that a credit card offers. "Whether you're jetting off on your holidays and want a fee-free way to spend while you're abroad or looking to make your money go even further to cover those last-minute summer purchases – pay smarter with the Edge credit card and make your money work harder for you."
Scottish Sun
28-07-2025
- Business
- Scottish Sun
All the bank accounts you can sign up to and get perks like free cash and save £100s on insurance
Scroll to find out how you can get freebies worth up to £310 from some banks BANK HELP All the bank accounts you can sign up to and get perks like free cash and save £100s on insurance Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THINKING of setting up a new bank account or switching to a new bank? You might be able to bag freebies worth hundreds of pounds, including free gifts and up to £185 in cash. Sign up for Scottish Sun newsletter Sign up 1 Lloyds, NatWest, TSB and Barclays are among the banks offering freebies and perks Credit: Alamy Many high street and online banks offer incentives to encourage people to switch, so it's worth doing your research to see where you could find the best value. There are also some catches you should look out for when signing up for a new bank account. You must meet each bank's criteria when signing up or switching in order to get the rewards. You should check whether you'll need to pay in a minimum amount each month or have a minimum number of direct debits. Some accounts come with a monthly fee, which could leave you out of pocket. Your credit score could also be impacted by switching or opening a new bank account, so you should keep this in mind if you're planning on applying for any big loans or a mortgage. If you're looking to switch bank accounts to avail of any switching offers, you'll likely need to use to Current Account Switch Service (CASS) to do this. We've rounded up all the bank account perks and freebies you can get right now. Lloyds Lloyds Bank is currently offering a free cash payment of £185 to new and existing customers who switch to a Club Lloyds account. If you meet the switching criteria, you'll be paid the cash into your account within 10 working days of opening the account. Daily Money News However, you'll need to act fast, as the offer ends today, July 28. You'll also get freebies including a 12-month subscription to Disney+ worth £60, six cinema tickets a year, or a magazine subscription. You'll also have access to a Club Lloyds 6.25% regular saver account, which is one of the highest interest savings accounts available, with interest paid after 12 months. However, Club Lloyds comes with a £5 monthly fee, which is waived if you pay £2,000 into your account. Santander Santander offers £180 to new and existing customers who move to some of its current accounts. This includes its Everyday Current Account, as well as the Santander Edge and Edge Up accounts. With a Santander Edge and Edge Up account, you can also get up to £20 a month in cashback, including on household bills and at supermarkets. The Santander Edge account costs £3 a month, while the Edge Up account costs £5. The Everyday Current Account comes with no added fees. Co-operative Bank You could save hundreds on your insurance costs by switching to Co-op Bank. If you open an Everyday Extra account, which normally costs £18 a month, you can get three months of account perks for free. This includes free worldwide family travel insurance, mobile phone insurance, and UK and European breakdown cover, worth hundreds of pounds. When you sign up or switch, you'll pay the £18 month fee but it will be refunded into your account by the bank for the first three months. Barclays You can get £175 by opening a Barclays Bank Account, which comes with no monthly fee. However, you'll need to join the bank's Blue Rewards to be eligible for the £175, which costs £5 a month. This rewards scheme offers monthly cashback of up to 15% at selected retailers and exclusive savings rates. You'll also be able to get a free AppleTV+ subscription worth £8.99 a month. NatWest You can get a £125 bonus by switching to a range of NatWest current accounts, including its Select and Reward accounts. You could also earn another £50 by opening a linked savings account with the bank. You'll get extra freebies by signing up to a Reward account, which costs £2 a month. NatWest will give you £1 in rewards by simply logging into your mobile banking app once a month, and £4 by paying two or more direct debits from your account. You can also earn cashback from a range of retailers including Greggs, Morrisons and Ikea. TSB You can get £100 if you switch to one of TSB's Spend and Save current accounts. The bank is also offering up to £90 cashback for the first six months as part of the switching offer. You can get extra rewards if you sign up to a Spend and Save Plus account, which TSB says are worth up to £310. If you switch and make 20 or more payments on your debit card in February 2026, you can choose a £120 hotel voucher or access to access to 12-months' activity tickets in March 2026. The Spend and Save Plus Account has a monthly fee of £3. First Direct First Direct offers £175 in cash for switching to its 1st Account, which comes with no monthly fee. This account also offers fee-free spending abroad, making it a good option if you've got summer trips coming up. How to switch successfully FOLLOW these steps to make a successful switch and bag a perk STEP 1: Choose a new account with a switching perk. Check it is suitable in other ways, including the overdraft charge, any monthly fees and any fees for spending abroad. STEP 2: Check you are eligible for the perk. Ensure that you can meet the requirements to get the reward, which may include not having had a bonus from that bank before. You may need to ensure you have sufficient direct debits on your account before switching. If you do not, you could set some up for household bills or some small ones to charity. STEP 3: Open the new account in-app or online. This may require ID such as a passport or driving licence. STEP 4: Choose a switch date. When you apply for an account, you should be asked whether you want to switch an existing bank account. You should say yes and pick a day seven days in the future for the switch to complete. STEP 5: Wait. The whole process should take seven days, after which your account and direct debits should be switched. Each bank has different timelines on when any cash reward will be received. Other rewards, such as linked accounts, should also be available in your app. STEP 6: Switch again. If you have received the reward you wanted and would like to receive more, start the process again with another bank that offers a cash sweetener. IF IT GOES WRONG CONTACT your new bank and quote the Current Account Switching Rules, which you can find on its website (currentaccount If you are out of pocket because of missed payments due to the switch, your bank needs to refund you under the terms of the guarantee. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
Scottish Sun
25-07-2025
- Business
- Scottish Sun
Santander quietly HIKES fee for popular account with 100,000s customers and slashes cashback
The bank is also hiking fees and slashing perks on other accounts BANK BLOW Santander quietly HIKES fee for popular account with 100,000s customers and slashes cashback Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) SANTANDER has quietly made changes to a popular credit card, hiking the monthly fee and slashing cashback. New customers applying for the bank's Edge Credit Card will now face a monthly fee of £4, an increase from the previous £3. Sign up for Scottish Sun newsletter Sign up 1 A customer uses an automated teller machine (ATM) outside a Banco Santander SA bank branch in Barcelona, Spain, on Monday, Jan. 31, 2022. Santander reports full year earnings on February 2. Photographer: Angel Garcia/Bloomberg via Getty Images Credit: Getty At the same time, Santander has slashed the maximum cashback customers can earn each month from £15 to £10. Plus, a major benefit for new customers has been removed - the 2% cashback on all purchases during the first year, which was previously capped at £15 per month. Existing Santander Edge credit card holders, however, can breathe a sigh of relief – for now. The bank has confirmed that the £3 monthly fee and £15 monthly cashback cap will remain in place for existing customers. They will also continue to enjoy 2% cashback on all purchases for the first year, before dropping to 1% cashback thereafter. That said, the bank hasn't committed to retaining these perks permanently, leaving current customers in limbo about the future. A Santander spokesperson said: "We regularly review our product offering to reflect wider market conditions, and as part of our refresh of our Santander Edge credit card, we will be giving all eligible customers the opportunity to earn up to £120 cashback per year, without having to be an existing Santander current account holder." The Santander Edge credit card is now available to new customers aged 18 or over, earning £10,500 or more annually, and residing permanently in the UK. Previously, applicants were required to hold a Santander current account. While the changes may seem minor, they could have a significant impact on how new customers benefit from the Santander Edge credit card. Switch bank accounts for free perks With perks reduced and fees increased, many will be left wondering whether the card still offers value for money. If you're looking to maximise your cashback, there are other options available. In fact, one credit card is currently offering up to 5% cashback on spending. The fee-free Chase debit card is a standout option, offering 1% cashback on most spending (capped at £15 per month). While there are some exclusions, it's a straightforward deal, and you only need to pass an ID check to open a new account. After the first year, you'll need to pay in £1,500 each month to continue earning cashback. If you're considering a credit card, the American Express Cashback Everyday Credit Card is a great option for those expecting a high-spend period. It offers an impressive 5% cashback on purchases for the first five months (up to £125). After this introductory period, you can earn up to 1% cashback, but you'll need to spend over £10,000 annually to qualify for ongoing rewards. For those who might not meet the £10,000 annual spending threshold, the American Express Cashback Credit Card is another strong choice. It also offers 5% cashback for the first three months (up to £125), followed by 0.75% cashback on spending up to £10,000 per year and 1.25% above that. However, this card does come with a £25 annual fee. If you frequently shop online the Amazon Barclaycard is great for its regular customers. It offers 1% cashback on Amazon purchases (boosted to 2% during Prime Days and Black Friday) and 0.25% cashback elsewhere (0.5% in the first year). It also provides an Amazon voucher upon acceptance, usually worth £20. What is cashback? CASHBACK is a type of reward offered by banks, credit card providers, and retailers where customers receive a percentage of their spending back as cash. Essentially, it's a way to earn money while making purchases. For example, if your card offers 1% cashback and you spend £100, you'll earn £1 back. Cashback can be credited to your account, deducted from your balance, or saved up for future use, depending on the provider's terms. It's often offered on everyday purchases, such as groceries, fuel, or online shopping, and may be part of a promotional deal or an ongoing benefit of your account. However, remember to check the terms and conditions, as some transactions may not qualify for cashback rewards. By using cashback offers wisely, you can usually make your money go further on purchases you'd already be making. What else is happening at Santander? Santander customers have been left outraged after the bank revealed it will start charging £120 a year for an account it promised would be "free forever". Thousands of small business and self-employed account holders are facing £9.99 monthly charges from October. This comes despite written assurances that their accounts would always remain free of fees. The changes will impact three types of business accounts: 1|2|3 Business Current Accounts, Business Everyday Current Accounts, and Business Current Accounts. The "free forever" promise applied to accounts offered by Abbey and Alliance & Leicester before the 2008 merger with Santander. The bank first attempted to introduce fees for these accounts in 2012 but backed down after customers threatened legal action. However, these accounts were shifted to the Business Everyday account in 2015, which did not include the "free forever" promise. From October 1, these accounts will be closed, and customers will be automatically switched to Santander's new Business Current Account – Classic. Under the new structure, every Business Current Account – Classic will incur a £9.99 monthly fee, regardless of the type of account customers previously held. While some accounts were free, others offered additional benefits with charges as high as £40 per month. The bank is closing its 123 Lite current account, which offers up to 3% cashback on household bills for a £2 monthly fee, on August 21. Customers affected by the closure will be automatically switched to Santander's Everyday Current Account. This account has no monthly fee but does not include cashback benefits. Meanwhile, customers of Lloyds Bank, Halifax and Bank of Scotland will soon lose the ability to deposit their cheques at any of the 11,500 Post Office branches nationwide. From December 31 this year, Lloyds Banking Group will withdraw this service for all customers.
