Santander is offering customers who meet certain criteria £200 in free cash, but you’ll need to move quickly.

“Fortunately, your current account’s not one of them. Switch to an eligible Santander current account today and reap the rewards.”

To get your hands on the money, you’ll need to open an eligible current account and request a switch using the Current Account Switch Service (CASS) – before March 31, when the offers are expected to be removed.

Santander adds: “Make sure the details you give us are correct and match those at your old bank”.

Switches must be completed within 60 days and you’ll need to pay in at least £1,500 and have at least two active household Direct Debits to receive the money.

Household Direct Debits include things like mobile and home phone bills, water and energy bills, TV packages, and broadband.

Sadly, the offer isn’t open to everyone.

Santander explained: “We can’t offer this if you held a current account with Santander on 1 January 2025 or, if you’ve previously received a Santander switcher incentive.”

If all criteria is met, Santander will pay the £200 90 days after the switch was requested.

Santander’s Everyday Current Account comes with an optional arranged overdraft and no fees for using Santander cash machines when you travel – with no monthly fee for use.

Its Edge current account comes with a £3 monthly fee, however you can get up to £10 cashback on certain household bills each months, access to an exclusive savings rate, and use your card abroad with no fees.

You’ll need to pay in at least £500 a month and have two active Direct Debits.

Other current accounts are available, with higher monthly fees – though it may be worth your while as these come with additional benefits and potentially more cashback each month.