Santander 123 Current Account - Santander

Santander 123 Current Account

1.5 % AER
Headline Interest Rate
Switching bonus
  • Overdraft facility
  • Monthly charge £ 5.00*
    • Open by:
Interest on balances up to £20,000
Cashback on household spending
Monthly account fee

This account may be appropriate for you if

  • You are older than 18

Switching bonus

Member of Current Account Switching Service: No
Switching Bonus Conditions: This incentive is not offered with this account.
Match Current Overdraft Offer: No

Credit Interest

Annual Interest Paid By Balance:
BalanceAnnual Interest Paid
£ 5001.49 %
£ 1,0001.49 %
£ 5,0001.49 %
£ 10,0001.49 %
£ 25,0000 %
Headline Interest Rate: 1.5 % AER
Paid on Balances Over: £ 1 and up to £ 20,000
Monthly Reward: £ 8
Reward Conditions:
The cashback payment payable based on a typical monthly spend of £400 would be £8 per month, £96 annually. Cashback is available on household bills paid by Direct Debit, as below, subject to a minimum of 2 Direct Debits and terms and conditions: - 1% cashback on water, council tax and Santander mortgages (limited to maximum monthly payment by Direct Debit of £1,000). - 2% cashback on electricity, gas, Santander home insurance premiums and Santander life protection premiums. - 3% cashback on mobile, home phone, broadband, and paid-for TV packages. Please note this is not an introductory offer. Retailer Offers - cashback offers available at participating retailers when the customer shops with their Santander debit card. The customer must register for Retailer Offers, and the service is available to those who use online or mobile banking. The cashback will be paid monthly into a chosen account.
Interest Paid: monthly
Includes Initial Bonus: No


Cost of Authorised Overdraft:
Overdraft Available: Yes
Authorised Overdraft Rate: % (equivalent to % per month)
Unauthorised Overdraft Rate (APR/EAR): % (equivalent to % per month)
Overdraft Fees Apply From: overdrawn

Payment options

ATM Card
Cheque Bookoptional
Debit CardVisa
Standing Order
Direct Debits

Access and usage

Banking by
Maximum ATM Withdrawal: £ 300


Preferential rates onsavings, loan, credit card
Prepaid card
Home emergency cover
Extended warranty cover
Airport lounge access
Preferential travellers money rates
Preferential travellers cheque rates
Free life insurance
Free home insurance
Free car insurance
Breakdown cover
Voucher and discount deals
Entertainment deals
Mobile phone cover


Monthly Fee: £ 5
Potential Monthly Fee - extra info: 0.00
Charges for Unpaid Items: None
Charges for Paid Items: None

Cost Abroad

ATM Charge Europe: £ 2.75 when withdrawing the equivalent of £ 100
ATM Charge World: Free
Debit Card Charge Europe: £ 2.75 when withdrawing the equivalent of £ 100
Debit Card Charge World: £ 2.75 when withdrawing the equivalent of £ 100

Additional Charges

Charge for Replacement Statement: £ 0
Bankers Draft Charge: £ 10
Charge For Cheque Receipts: £ 4
Bankers Reference Charge: £ 10
CHAPS Charge: £ 25
Charges For Cancelled Cheques: £ 0

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About the bank

  • Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
  • Banking Licence Held By: Santander UK Plc