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UK Banks Escalate Switching Bonuses as Santander Adds £25 Voucher and Plans 44 Branch Closures

Tight eligibility rules plus comparison-site exclusives make careful checks of terms essential.

Overview

  • Santander now pairs a £200 cash bonus with a £25 Amazon gift card for switches to selected current accounts, with the deal available through participating comparison sites.
  • To qualify with Santander, customers must use CASS, pay in at least £1,500 and move two Direct Debits for the £200, then make five debit card transactions in 30 days to receive the voucher, with some account tiers charging monthly fees.
  • Santander confirmed plans to close 44 branches as it reshapes its network toward digital banking, leaving 305 branches alongside 111 Santander Local sites.
  • The Co‑operative Bank relaunched a £175 switching incentive—£100 after the switch plus £25 per month for three months—alongside access to a 7.00% AER Regular Saver, subject to a £1,000 deposit, two Direct Debits and ten card or wallet transactions.
  • Consumer advisers highlighted TSB’s Spend and Save offer worth up to £255 for new customers, combining upfront payments, monthly cashback and an Amazon voucher for those meeting deposit, spending and app‑use criteria by stated deadlines.