Current Accounts Product Details

Santander

123 Current Account

Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 per day.

General Account Details

Regular Funding/Income: Min £500.00 Per Month
Min 18 Years
None
£5.00 Per Month
None

Account Management

  • Yes
  • No
  • Yes
  • Yes
  • Yes
  • Yes

Facilities

  • Yes
  • Yes
  • Yes
  • Yes
  • Visa
  • £300
  • Yes

Benefits

- Other benefits, as well as those shown, might be available on this account. A full list of benefits will be included in the terms and conditions of the account.
Eligible for Retailer Offers, customers must use online or mobile banking to qualify. Earn up to 15% cashback from selected retailers when using a Santander debit card or credit card
Cashback of 1% on water & council tax bills and Santander mortgage payments up to maximum £1K per month, 2% on gas & electricity bills and Santander home insurance and life protection premiums paid by DD from this account, 3% on communication bills. All subject to minimum 2 DDs of household bills paid from account.
Free access to preferential rates, exclusive offers and discounts at 123 World.
Refunded account fee for first six months on All In One Credit Card. Subject to a Direct Debit to pay All In One Credit Card repayments being set up from 123 Current Account within 30 days of opening.

Credit Interest Rates

BalanceGross Rate %AER %
£0.01 - £20000.001.49% 1.50%
£20000.01 +0.00% 0.00%

Arranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Month0.00%
£0.01 to £1999.99:- £1.00 Per Day. £2000.00 to £2999.99:- £2.00 Per Day. £3000.00 and over:- £3.00 Per Day
£0.01 and over:- £0.00 Per Request
£0.01 and over:- £0.00 Per Request
16:00 same day
N/A
£12.00

Introductory Arranged Overdraft

0% for 4 months on balances of £0.01 and over (Fee waived for first 4 months) :- £0.00 Per Day

Unarranged Overdraft

Yes
Minimum BalanceRate %EAR %
£0.010.00% - Per Month0.00%
£0.01 and over:- £0.00 Per Day
£0.01 and over: £0.00
16:00 same day
N/A
£12.00
£0.00

Foreign Usage Charges

Debit card payment in a foreign currency in Europe / Worldwide

  • 2.75% / 2.75%
  • £1.25 / £1.25

Cash withdrawal in a foreign currency in Europe / Worldwide

  • 2.75% / 2.75%
  • 1.50% (Min £1.99) / 1.50% (Min £1.99)

Service Performance

The table below shows this provider's current account service performance.

The information shown covers all of their main current accounts, not just this specific account.

ServiceCompleted same day %Completed on average (days)Complete for 99% of customers
Open a current account*79% 1 day17 days
Get a debit card7 days7 days
Get Internet banking7 days9 days
Get an overdraft100%
Replace a lost debit card4 days5 days
* Once all requested documents and information have been received.
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