What do I get with it?
The 1|2|3 account is all about rewarding you for paying for things like household bills, so it could be a useful option if you want to jazz up all those mundane payments.
The cashback rewards you’ll get will depend on what bills you’re paying. You’ll also have to make the payment via Direct Debit in order for them to qualify for cashback – this what you’ll get:
• 1% cashback on water and council tax bills and on the first £1,000 you pay towards a Santander mortgage.
• 2% cashback on gas and electricity bills and Santander home insurance.
• 3% cashback on mobile and home phone bills, broadband and paid TV packages.
Of course, all these rewards come with a price – a £5 monthly fee, plus you’ll need to make sure you deposit at least £500 into your account each month and have at least two Direct Debits.
You can do all the things you’d expect to do with a current account too like set up standing orders and pay bills. You’ll get a visa debit card and be able to make contactless payments as well as get a chequebook and overdraft facility (although there are fees for using this).