Santander giving customers free £225 as it closes 44 branches

Santander plans to close 44 UK branches while the article reports the bank is promoting customer account offers described as up to £225, and it says 96% of customers use digital services.

Santander is planning the closure of 44 UK branches while promoting customer account offers the article describes as up to £225. The bank says most customers are using online services and that support will be available through local hubs, libraries and community centres for those who need help. The article outlines specific account offers and their requirements alongside the branch changes. Comment from a credit broker on switching services is also reported. Key points: - Santander plans to close 44 UK branches, a decision presented alongside its move toward digital banking. - The article reports customer offers described as up to £225, with a reported £200 bonus that requires at least a £1,500 pay-in and two Direct Debits to qualify. - Three current account options are mentioned with different benefits: Everyday Edge (no monthly fee), Edge Up (£5 monthly fee), and Edge Explorer (£17 monthly fee); some accounts list perks such as cashback, breakdown cover and phone insurance. - Santander states that 96% of its customers use digital services and that representatives will be available at local banking hubs, libraries and community centres to assist customers who need in-person help. - The article quotes Alastair Douglous, CEO of TotallyMoney, noting that multiple banks offer cash incentives to switch and that the Current Account Switch Service transfers balances, Direct Debits and income automatically within seven working days. Summary: The reported changes highlight a shift toward digital banking while the bank promotes account incentives alongside planned branch closures. Undetermined at this time.