Santander UK launches Edge Explorer account providing as much as £20 cashback a month

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Your assist makes all of the distinction. Learn extra Santander UK has unveiled a brand new present account, the Edge Explorer, which guarantees prospects as much as £20 in month-to-month cashback alongside a sexy rate of interest via a linked financial savings account.

Nevertheless, these advantages include a month-to-month charge of £17.

The account presents 1 per cent cashback, capped at £10 monthly, on eligible debit card spending.

An extra £10 cashback is out there month-to-month for eligible family payments paid by way of direct debit, probably totalling £20 again into prospects' pockets.

Past monetary incentives, the Edge Explorer gives a collection of way of life perks. These embody complete worldwide household journey and cell phone insurance coverage, UK and European breakdown cowl, and round the clock distant entry to a GP service inside the UK.

Prospects can even acquire entry to Santander’s Edge Saver account, which presents a aggressive 6.00 per cent AER curiosity on balances as much as £4,000.

<img src="https://static.independent.co.uk/s3fs-public/thumbnails/image/2019/01/30/19/credit-card-spending.jpg" srcset="https://static.independent.co.uk/s3fs-public/thumbnails/image/2019/01/30/19/credit-card-spending.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/s3fs-public/thumbnails/image/2019/01/30/19/credit-card-spending.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Customers must be UK residents and aged between 18 and 73 to be eligible for the account" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Prospects should be UK residents and aged between 18 and 73 to be eligible for the account (Getty/iStock) This fee incorporates an preliminary bonus for the primary 12months following the account's opening.

Different perks with the account embody no overseas change charges on purchases abroad and no Santander charges on worldwide cash transfers.

Anthony Warrington, head of present accounts at Santander UK, stated the account had been designed to offer “prospects and their households with cowl for a few of life’s ‘what ifs’, whether or not that’s a misplaced telephone or a vacation that doesn’t fairly go to plan”.

Prospects should be aged 18 to 73 to use and be UK residents to have the account. Joint account holders should dwell on the similar tackle to have the account and insurance coverage, the financial institution stated.

They might solely open one Edge Explorer present account per individual, it added.

Rachel Springall, a finance knowledgeable at Moneyfactscompare.co.uk, stated that for some folks, it might be cheaper to open an account with a bundle of incentives.

However she stated: “It's important prospects take time to select which advantages could be most useful to them.”

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<img src="https://static.independent.co.uk/2025/06/18/13/df0797100a89dc96a791d014aeaa0476Y29udGVudHNlYXJjaGFwaSwxNzUwMzMzNDUx-2.79996631.jpg" srcset="https://static.independent.co.uk/2025/06/18/13/df0797100a89dc96a791d014aeaa0476Y29udGVudHNlYXJjaGFwaSwxNzUwMzMzNDUx-2.79996631.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/06/18/13/df0797100a89dc96a791d014aeaa0476Y29udGVudHNlYXJjaGFwaSwxNzUwMzMzNDUx-2.79996631.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Santander said the account is designed to cover some of life’s ‘what ifs’" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Santander stated the account is designed to cowl a few of life’s ‘what ifs’ (PA Wire) She stated that folks must also verify ranges of safety when weighing up whether or not merchandise are proper for his or her wants.

Ms Springall added: “The account fees a £17 month-to-month charge, however this may be wiped away from the engaging cashback provide, the place prospects can earn up £20 from each debit card spending and thru eligible family payments.

“On high of this, the account gives entry to the Edge Saver account which pays a sexy 6 per cent AER.

“In its place, the Nationwide FlexPlus presents a complete package deal of insurance coverage add-ons and is at present paying switchers £175.

“Switching present accounts is fast and straightforward to do and the Present Account Swap Service (Cass) strikes over each any steadiness and redirects each standing orders and direct debits to a brand new account.”

Nationwide’s FlexPlus account presents perks together with worldwide journey insurance coverage, cell phone insurance coverage, car breakdown cowl within the UK and the remainder of Europe and entry to different Nationwide merchandise, for an £18 monthly charge.