Some people tend to say they enjoy giving gifts, rather than receiving them. However, there is no doubt that even the Grinch will be excited about receiving a particular early Christmas gift, which will be available for a certain bank’s customers. The early Christmas gift is a £100 Amazon gift voucher, and for those interested, there will be no need to switch to receive the gift. You can claim your voucher by following the bank’s simple steps. Discover what you must do to claim your gift today!
Early Christmas gift for this bank’s customers
Have you ever wondered why people prefer certain banks? While factors such as customer service, rates, and account benefits are the main drivers behind the decision, some people truly opt for certain accounts due to incentives. According to Rachel Springall of financial information service Moneyfacts:
“Rewarding switchers seems to be the biggest trend in the market right now.”
Surprisingly, this trend has been lasting for decades, as there are still people who cannot resist the incentive being dangled before their eyes. A report by BBC News indicated that banks, in particular, use these incentives to obtain consumers’ financial data. This will enable the bank to determine other products to potentially sell to the consumer, as well as the time to sell.
One particular bank will be distributing early Christmas gifts to its customers, and they will not be required to switch. Claiming the £100 Amazon gift voucher is quite simple, as a few simple steps must be followed.
Follow these steps to claim your £100 Amazon gift voucher
Santander Bank has launched a new incentive to attract new current account customers. The incentive entails £100 Amazon vouchers along with a new current account offer. However, unlike other incentives, this one does not require you to close an old account or to use the Current Account Switch Service. To claim the £100 Amazon vouchers, interested parties should follow the simple steps.
Claiming your £100 Amazon voucher
- Apply for a new Santander current account
- Choose between the fee-free Everyday Account or Edge, Edge Up, or Edge Explorer with a £17 monthly fee
- Do not select ‘transfer existing account’
- Use the same email address to claim your gift voucher
- Complete 30 debit card transactions within 60 days of opening the account
The transactions can be in any currency and can be contactless, physical, or online payments. If this early Christmas gift does not seem appealing enough, you could always consider the £175 bonus from Nationwide. Just remember to ensure that it is the right decision for you!
Ensure that it is the right decision for you
No matter how appealing a bank’s incentive may be, it is vital to ensure that its offerings and services are what’s right for you in the long term. According to Kevin Mountford from Moneysupermarket, banks have attempted several approaches to differentiate themselves over the years. He added:
“Banks are trying to appeal to what people might want, but customers should look beyond any gimmicks or short-term incentives to make sure that the product is right for them and offers good value long term.”
When choosing a bank account, always consider factors such as savings rates, monthly fees, transaction fees, customer service, interest on overdrafts, and benefits like cashbacks and insurance.
It is a big decision to make, as the choice could result in you being stuck with that banking service, for better or for worse. Another factor to consider is that several major bank closures have been occurring in the UK, as customers’ banking habits are evolving towards digital platforms. If you are tech-savvy, you may want to consider a bank that offers state-of-the-art digital platforms such as online banking and banking apps. Whatever you end up choosing, we hope it’s worth it!
Disclaimer: Our coverage of events affecting companies is purely informative and descriptive. Under no circumstances does it seek to promote an opinion or create a trend, nor can it be taken as investment advice or a recommendation of any kind.
