is part of the Banco Santander S.A. group, which is the largest banking group
in the world. Santander
first entered the UK
banking market in 1988 when Banco Santander S.A. acquired Abbey National plc.
The group went on to take over Alliance & Leicester plc and the Bradford
& Bingley Building Society in 2010, which were then re-branded as Santander
offers a varied selection of current accounts. The basic Santander current account comes with free
everyday banking services such as direct payment options for paying in wages,
pensions and benefits. Customers can also set up direct debts and standing
orders with a basic current account. The basic account comes with a cash card
for easy cash withdrawals from ATMs.
The bank also offers a more comprehensive current account
with extra benefits and incentives. A regular Santander current account comes
with a Visa debit card for making cash withdrawals from ATMs and facilitating
payments in store and online. The account allows customers to enjoy different
cashback deals on utility bills and communications contracts.
A regular Santander
current account pays interest on credit balances; this is payable at the end of
every month. The greater the balance in the account, the more interest is
Other current accounts offered by Santander include student accounts and
current accounts can be administered in a variety of different ways. Santander has branches on
high streets, plus they provide an internet banking portal and online banking
apps for smartphones and tablets. Customers can also register for free text or
email alerts to notify them when various activities have taken place on their
provides a current account switching service for its new customers. A dedicated
current account switching service can take care of the transfer of direct
debits and standing orders from the old current account to the new one. The
switchover normally takes around seven days.
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