2014 Lender Lists:

Short Term Loans | Payday Loans | Instalment Loans | 12 Month Loans
Doorstep Loans | Guarantor Loans | Logbook Loans

Banco Santander SA is one of the fastest growing banking groups on the global stage. In 2013 they had a worldwide market capitalisation ranking of 17 and in 2014 they climbed way up to the #11 spot (the jumps aren’t usually this erratic). Originally formed in 1857, this Spanish bank has grown a global customer base of 102 million and they have a network of 14,400 offices. The UK division at www.santander.co.uk serves around 14 million and they have around 1000 branches (local Director is Lord Burns). Their notable acquisitions have included Abbey National, Alliance & Leicester and Bradford & Bingley. This essentially roots them back further to 1849.

They have many projects on the go in the UK and we recently took a look at their Consumer Finance division. It is a good time to uncover the Santander overdraft charges through www.santander.co.uk, since their new fees are at this time soon springing into action. If we start with the Everyday Current Account, you will now pay £1 a day (there is no longer a monthly cap at 20 days). The unarranged fee has risen to £6 a day (with again no cap) whilst the paid and unpaid transaction fees have been lowered from £25 to £10. The same specs have been set with the 123 Current Account.

This costs £2 per month, but it is equipped with cashback and interest bonuses. The interest heads up to 3% on balances between £3000 and £20,000. With both accounts, there is always a small £12 buffer. Just to add that they have a Defaqto 5 star rated switching service that grants free overdrafts for the first 4 months. Their Student account has been well received and this includes interest-free overdrafts whilst you’re studying. There are other accounts including a basic offering, but we have covered the primary ones above. The newly enforced Santander overdraft charges aren’t cheap and the buffer is low, but 123 is certainly a top market choice.