iFAST Global Bank vs Santander: Switch Bonus Comparison
Santander offers the better net value at £180 vs £0 after fees.
- Switch salary/pension via Bacs Direct Credit (not CASS)
- Receive at least 1 payment between 1 Feb – 30 Apr 2026
- No need to close existing account
- Full CASS switch
- Pay in £1,500 within 60 days
- 2 active household direct debits within 60 days
- Cannot have held a Santander current account on 1 Jan 2025
- 2.65% AER on GBP balances
- Multi-currency accounts (USD, EUR, HKD)
- Early salary access (1 business day before payday)
Verdict: iFAST Global Bank vs Santander
iFAST Global Bank comes with more perks (3 vs 0), including things like 2.65% aer on gbp balances.
Frequently Asked Questions
Which has the higher switch bonus, iFAST Global Bank or Santander?
Currently only Santander has an active switch bonus. iFAST Global Bank does not have an active offer at this time.
Can I switch to both iFAST Global Bank and Santander?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for iFAST Global Bank and Santander?
The cooling-off periods are: Santander: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, iFAST Global Bank or Santander?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.