{"id":111141,"date":"2025-07-26T11:30:00","date_gmt":"2025-07-26T10:30:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=111141"},"modified":"2025-07-26T11:27:15","modified_gmt":"2025-07-26T10:27:15","slug":"santander-reveals-key-date-for-180-payment","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/santander-reveals-key-date-for-180-payment\/","title":{"rendered":"Santander Reveals Key Date for \u00a3180 Payment Eligibility Amid Bank Holiday Delays"},"content":{"rendered":"\n<p>Santander customers have a limited opportunity to claim a \u00a3180 cash bonus by switching to one of its current accounts. The bank has revealed that this offer will expire on <strong>July 30, 2025<\/strong>, with all switch requests needing to be completed by <strong>11:59 PM<\/strong> on that date. <\/p>\n\n\n\n<p>However, details regarding the terms of the offer remain somewhat vague. Customers looking to qualify must meet certain conditions, such as making a deposit and setting up direct debits.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.devonlive.com\/news\/cost-of-living\/santander-sets-out-key-date-10375181\" data-type=\"link\" data-id=\"https:\/\/www.devonlive.com\/news\/cost-of-living\/santander-sets-out-key-date-10375181\" target=\"_blank\" rel=\"noopener\">Devonlive<\/a><\/strong> reports that while the incentive is appealing, specific requirements have been clarified only in the fine print, leaving customers with little room for error.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to Qualify for the \u00a3180 Bonus<\/h2>\n\n\n\n<p>To take advantage of the \u00a3180 bonus, customers must switch to one of Santander&#8217;s current accounts\u2014Everyday, Edge, Edge Up, or Private\u2014and meet specific conditions. These include completing the switch within 60 days of initiating the request, depositing a minimum of \u00a31,500 into the account, and setting up at least two active household direct debits. These direct debits can include payments for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Council tax<\/strong><\/li>\n\n\n\n<li><strong>Mobile or landline phone bills<\/strong><\/li>\n\n\n\n<li><strong>Broadband<\/strong><\/li>\n\n\n\n<li><strong>TV packages<\/strong><\/li>\n\n\n\n<li><strong>Water, gas, or electricity bills<\/strong><\/li>\n<\/ul>\n\n\n\n<p>These direct debits must be set up within <strong>60 days<\/strong> of the switch request to qualify for the offer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who Is Not Eligible for the Offer?<\/h2>\n\n\n\n<p>Customers who have already received a <a href=\"https:\/\/en.econostrum.info\/uk\/santander-revises-mortgage-rules\/\" target=\"_blank\" data-type=\"post\" data-id=\"104540\" rel=\"noreferrer noopener\">Santander<\/a> switching incentive or who held a Santander current account as of January 1, 2025, will not be eligible for this \u00a3180 bonus. This exclusion ensures that only new customers or those who haven\u2019t previously taken advantage of similar offers can benefit from the incentive.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ns&amp;I Cuts Premium Bonds Prize Fund Rate<\/h2>\n\n\n\n<p>In other financial news, NS&amp;I has announced a decrease in the prize fund rate for Premium Bonds, dropping from <strong>3.8%<\/strong> to 3.6% starting with the August draw. This marks the third reduction in rates this year, following earlier cuts in January (from 4.15% to 4%) and April (from 4% to 3.8%).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact of the Premium Bonds Rate Cut<\/h2>\n\n\n\n<p>Despite the decrease, the odds of winning remain the same at 22,000 to 1 for each \u00a31 Bond. The August draw is expected to offer more than 6 million tax-free prizes, with a total prize value exceeding \u00a3396 million. As NS&amp;I&#8217;s retail director Andrew Westhead explained:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The changing landscape for savings&#8221; prompted the decision to reduce the rate.&#8221;<\/p>\n\n\n\n<p>&#8220;Premium Bonds maintain their unique appeal by offering complete security backed by HM Treasury, the flexibility to withdraw easily, and the excitement of potentially winning a tax-free prize each month.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>The results for the August draw will be published on <strong>August 2<\/strong>, providing more than 6 million tax-free prizes with a total worth of \u00a3396 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time is running out for Santander customers to grab a \u00a3180 bonus. Find out the crucial date and requirements before it\u2019s too late!<\/p>\n","protected":false},"author":9,"featured_media":111144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-111141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/111141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=111141"}],"version-history":[{"count":4,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/111141\/revisions"}],"predecessor-version":[{"id":111149,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/111141\/revisions\/111149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/111144"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=111141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=111141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=111141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}