In this article, we take a look at the key features of the Santander Edge cashback current account. We explain how it works, how much it costs and how it compares to other cashback current accounts including Chase, NatWest and Halifax. For a full comparison of the best cashback and reward current accounts read our article, 'Best current accounts for cashback'.
What is the Santander Edge current account?
Santander Edge is a cashback current account that allows you to earn cashback on your monthly household bills and everyday spending. The Santander Edge current account replaced the Santander 123 Lite current account which was withdrawn on 22nd November 2022. We also reveal how the Santander Edge current account compares to the Santander Everyday current account later in the article.
Santander Edge current account features
- 1% cashback on household bills paid by direct debit (up to a maximum £10 a month)
- Optional Santander Edge Saver account earning 6.00% AER interest on balances up to £4,000 (includes a 2.50% AER bonus rate for the first 12 months)
- £3 monthly account fee
- Minimum £500 deposited into the account each month
- Need to pay at least 2 direct debits from the account
- No fees when using Santander Edge current account abroad
- Optional overdraft
- Access to Santander Boosts which includes giveaways and cash prizes for Santander current account and credit card holders
How does the Santander Edge current account work?
The Santander Edge current account allows you to earn 1% cashback on selected household bills that are paid for by direct debit, meaning you can earn a maximum of £10 cashback per month. In order to benefit from the maximum monthly cashback amount you would need to spend a minimum of £1,000 on household bills.
How much does the Santander Edge current account cost?
The Santander Edge current account costs £3 per month and is automatically deducted from your account each month.
Does the Santander Edge current account have a minimum deposit requirement?
Yes, there is a minimum deposit requirement of £500 per month. Customers must also have at least 2 active direct debits set up on the account.
How to earn cashback on a Santander Edge current account
You can earn 1% cashback on select household bills, but this is capped at a monthly limit of £10. In the following tables, we share which payments qualify for 1% cashback and which are excluded from the offer. It is also worth noting that not every household bill provider is included in the cashback deal and you can search for eligible suppliers on the Santander website.
Household spending cashback
With a Santander Edge current account you can earn 1% cashback a month (up to a maximum of £10) on qualifying household bills paid by direct debit. We share which household bills qualify in the below table.
| Qualifying household bills to earn 1% cashback |
| Council tax bills |
| Mobile and home phone bills |
| Broadband and paid-for TV packages |
| Gas and electricity bills |
| Water bills |
How to open a Santander Edge current account
In order to open a Santander Edge current account you have to be a permanent resident of the UK and at least 18 years old. You will also need to ensure you can deposit at least £500 a month into the account and can set up a minimum of 2 direct debits. If you would like to apply for the Santander Edge current account, you can do so via the Santander website or by visiting a Santander branch.
Alternatives to the Santander Edge current account
In this section, we compare the Santander Edge current account to alternative cashback current accounts. We also reveal how it compares to the Santander Everyday current account. For a full comparison of the best cashback and reward current accounts, read our article, 'Best current accounts for cashback'.
Santander Edge vs Santander Everyday Current Account
In the following table, we compare the key features of Santander Edge vs Santander Everyday Current Account.
| Santander Edge | Santander Everyday Current Account | |
| Cashback | 1% on household bills | Tailored offers via Santander Boosts |
| Cashback limit | Maximum £10 per month | N/A |
| Monthly account fee | £3 | £0 |
| Minimum monthly amount | £500 and 2 active direct debits | N/A |
| Santander Savings account | 6.00% AER interest up to £4,000^ with the Edge Saver | Open a Regular Saver and get 8.00% AER AER/gross (variable)^^ (Save up to £200 per month) |
| Extras | No interest paid on balances | Arranged overdraft (subject to status) |
^Includes a 2.50% AER bonus rate for the first 12 months ^^Includes a 5.00% AER/gross variable bonus for the first 12 months
Santander cashback current account comparison
In the following table, we compare Santander Edge vs Santander Edge Up current account. More information on the Santander Edge Up account can be found in our Santander Edge Up review.
| Santander Edge | Santander Edge Up | |
| Cashback | 1% | 1% |
| Cashback limits | Maximum £10 per month for household bills | Maximum £15 per month for household bills |
| Monthly account fee | £3 | £5 |
| Minimum monthly amount | £500 and 2 active direct debits | £1,500 and 2 active direct debits |
| Extras | Optional savings account with 6.00% AER interest on balances up to £4,000^ | 2.10% AER monthly interest on current account balances up to £25,000 |
^Includes a 2.50% AER bonus rate for the first 12 months
Santander Edge vs alternative cashback current accounts
In the following table, we compare the Santander Edge account to alternative cashback current accounts. For more information, read our article, 'Best current accounts for cashback'.
| Santander Edge | Chase Bank | Halifax | NatWest | |
| Cashback | 1% on household bills (capped at £10 per month) | 2% on eligible spending (capped at £20 per month) | Individual offers from selected retailers | £5 per month |
| Monthly account fee | £3 | £0 | £3 (not payable if minimum monthly deposit requirement is met) | £2 |
| Eligibility requirements | Deposit a minimum of £500 per month and have 2 active direct debits | Keep at least £1,000 in a Chase Saver and make 15+ card/Direct debit payments each month | Deposit a minimum of £1,500 per month and keep your balance above £0 | Deposit a minimum of £1,250 per month and have 2 active direct debits |
| Extras | Savings account paying 6.00% AER interest up to £4,000^ | 5% interest on round-up spending, 4.5% AER interest on linked free boosted saver account^^ | Fee-free spending abroad
Exclusive access to Reward Bonus Saver - 2.75% AER if you make 3 or less withdrawals |
Log in to its mobile app every month to earn £1 (included in maximum £5 cashback a month) |
^Includes a 2.50% AER bonus rate for the first 12 months ^^Includes a fixed boost of 2.25% AER for new customers on top of the standard saver variable rate for the first 12 months
Summary
The Santander Edge cashback current account is a great way to earn cashback on your usual monthly spend, however, in order to maximise the current account benefits you'll likely need to use it as your main current account. If you are not ready to switch accounts, you can still benefit from cashback each month as long as you pay in a minimum of £500 a month and set up 2 direct debits.
If you have savings, you can also access the Santander Edge savings account which pays 6.00% AER interest on balances up to £4,000, although this does include an introductory rate of 2.50% for the first 12 months. If you want to benefit from more cashback from a Santander current account and are able to pay in more money a month, you can take a look at the Santander Edge Up account instead. To see how the savings accounts compare to the best savings accounts in the market, read our article, 'Best savings accounts in the UK'.
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