Santander makes £20 change and writes to millions of 'existing customers'

CUSTOMERS WITH A SANTANDER EDGE OR EDGE UP ACCOUNT WILL NO LONGER EARN 1 PER CENT CASHBACK ON CERTAIN SPENDING FROM SEPTEMBER 9. 10:45, 21 May 2025 Santander is set to scrap a key perk on a

bank account used by millions and it will leave you worse off. Customers with a Santander Edge or Edge Up account will no longer earn 1 per cent cashback on certain spending from September

9. If you deposit £500 a month and pay a £3 monthly fee, you can earn cashback of up to £10 a month on bills and up to £10 a month on some debit card spending; so £20 a month in total,

according to the bank's guidance. But from 9 September, in just four months' time, Santander's Edge account will no longer offer 1 per cent cashback on grocery, fuel and

travel spend done on its debit card. This will apply to both new and existing customers. READ MORE NEW UK PRIMARY SCHOOL DINNER RULES WITH SOME STAPLES BEING 'BANNED' Santander is

writing to Edge and Edge Up account holders to explain the change, stating that it's because "the cost of offering cashback has increased". It added that "making this

change lets us continue providing the account". Article continues below The same shake-up is coming to the Santander Edge Up account, which comes with a higher £5 monthly fee, but

offers 1 per centcashback up to a larger maximum of £15 a month on bills and spending A Santander spokesperson said: "We regularly review our products to ensure that we can continue to

offer customers long-term value in view of wider market conditions. "As a result, we have made the decision to remove cashback on supermarket and travel debit card spend on our current

accounts from September 9, 2025. Article continues below "Customers can continue to benefit from the existing features on the account, including cashback on household bills paid via

direct debit and fee-free debit card spending abroad." Santander is reaching out to account holders to tell them about the change. This change will affect both new and existing

customers.