Full product details for the Santander Zero Current Account Ex/C, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
from 166 ratings
166 customers rated their Santander current account as 3.5 out of 5 in our 2010/2011 Consumer Finance Awards.
0% EAR (variable) Arranged Overdraft for the first 4 months. 12.9% EAR (variable) thereafter. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ
Account Type
overdraft
Monthly Charge
£0
No monthly servicing charge is made.
Minimum Monthly Credit
£1,000
Santander requires a monthly credit of £1000.00 to qualify for the interest rate. No interest is paid on the whole balance if the required monthly credits are not made.
Interest Free Overdraft Limit
none
There is no interest free overdraft limit.
Standard Overdraft Rate
12.9%
The authorised (arranged) overdraft rate is 12.9% EAR.
Headline Interest Rate
5%
The headline interest rate is 5.00% AER.
Reward Payment
£0
No reward payment payable.
Minimum Investment
£0
The account will be opened with a nil balance if the customer agrees to credit the account with £1000 or more each month either by a salary mandate or by Standing Order. The minimum balance that must be maintained in this account to receive interest is £1. If the balance falls below £1 no interest will be paid.
Internet Banking
yes
E-banking is a simple, convenient and secure way for the customer to manage their Abbey card based accounts on-line. The service is available to customers with a variety of accounts which will need to be linked to one of Abbey's cards (Multifunction, Electron or Abbeylink).
Branch Banking
yes
This account can be operated through a branch.
Telephone Banking
yes
Account Promotions
yes
Sweep Facility. Payments for switching errors. £100 cashback for switching current account to Santander if online, subject to terms and conditions.
Availability
restricted
This product is only available to existing customers.
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£1,000
Santander requires a monthly credit of £1000.00 to qualify for the interest rate. No interest is paid on the whole balance if the required monthly credits are not made.
Minimum Contract Term
0 months
Not applicable.
Minimum Age
18 years
The minimum age is 18 years.
Maximum Age
Unlimited
There is no maximum age limit.
Minimum Income
£0
There is no minimum income required for this account.
Minimum Investment
£0
The account will be opened with a nil balance if the customer agrees to credit the account with £1000 or more each month either by a salary mandate or by Standing Order.
The minimum balance that must be maintained in this account to receive interest is £1. If the balance falls below £1 no interest will be paid.
Maximum Investment
£2,000,000
The maximum investment is £2000000.
Student Bank Account
no
This is not a student bank account.
Graduate Bank Account
no
This is not a graduate bank account.
Area Restrictions
none
There are no area restrictions.
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