Santander is removing its flagship 123 current account from sale after more than a decade, as it launches a new current account offering cashback and other perks.
The new Edge Up current account offers 1% cashback (up to £15 a month) on selected monthly bills paid by direct debit, including Council Tax, gas, electricity, phone, mobile, and paid TV subscriptions.
And 1% cashback on essential spending (up to £15 per month) is also being offered on essential debit card spending at supermarkets and on travel. To receive £30 monthly cashback, this means that a customer would need to spend at least £1,500 a month on eligible essential debit card spending and at least £1,500 a month on eligible monthly bills paid by direct debit.
