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Martin Lewis reveals how you can get 225 by switching banks

Money saving expert Martin Lewis has shared how customers who switch to Santander could get 180 and a bonus 45 Amazon voucher by signing up for a new account

[Martin Lewis attends the 2026 BAFTA Television Awards with P&O Cruises at The Royal Festival Hall on May 10, 2026 in London, England. (Photo by Mike Marsland/WireImage)]

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Martin Lewis has provided advice on switching banks(Image: Getty)

Everybody enjoys a freebie, especially when that freebie is money. Banks across the UK have a tendency to offer customers upfront cash for switching accounts and at the moment there is one deal which could get you up to 250 for making the change.

Money saving expert Martin Lewis has shared how customers who switch to Santander could get 180 and a bonus 45 Amazon voucher by signing up for a new account. There are several options to choose from which include joint accounts and everyday accounts among others.

So, here is how you can benefit from the switch. For money-saving tips, sign up to our Money newsletter here

The financial journalist shared in his Money Saving Expert newsletter that those who sign up for Santander Edge could get a free 180, 45 Amazon voucher, 1% cashback on bills, 6% easy-access saving and top debit card overseas.

The newsletter said it's a "strong pick if you want upfront cash and ongoing bills cashback - especially for households."

Although, there is a catch for those who make the switch - they will have to pay 3 a month fee to receive the perks of the account. For the 3 a month fee Santander Edge offers:

• 1% cashback up to 10/month on Council Tax, energy, water, mobile & home phone, broadband & paid TV bills you pay from it by Direct Debit.
• Linked saver paying 6% variable for a year on up to 4,000.
• Top debit card for spending overseas with near-perfect exchange rates.
• 8% variable regular saver you can put up to 200/month in for a year.

Additionally, those who switch to Edge Up, Explorer or Everyday accounts also get the sign-up cash bonus - in fact signing up for the 17 a month Edge Explorer will also earn you an impressive 150 hotel voucher instead of the 45 Amazon voucher. You can read more about that here.

[Signs sit outside a Banco Santander SA bank branch in Madrid, Spain, on Friday, May 18, 2012. Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA, Spain's biggest lenders, were cut three levels by Moody's Investors Service, which cited a recession and mounting loan losses in downgrading 16 of the nation's banks. Photographer: Angel Navarrete/Bloomberg via Getty Images]

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Those who switch to Santander could benefit from a free cash bonus(Image: Bloomberg, Bloomberg via Getty Images)

Of course, like any good thing that seems too good to be true, there are terms and conditions.

To get the 180 bonus you must open an account online or in branch within 60 days. Then switch in an account, pay in 1,500 or more and have more than two active household Direct Debits (eg, Council Tax, energy.)

Then you're 180 will be payed in 60 to 90 days.

To be eligible for the Amazon Gift Card you must have been accepted for and activated a Santander Edge, Edge Up or Everyday Current Account. Then you must complete a full switch - this means setting up two household Direct Debits and paying 1,500 in to the account within 60 days, and open a Santander Regular Saver and fund the Regular Saver account with 200 within 30 days.

Then you will be emailed a link to claim a voucher after September 30, to be claimed within 30 days.

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