Santander has launched a new offer of £185 to switch to an eligible current account, as banks’ battle to attract customers heats up.

The offer is open to new and existing Santander UK customers, using the Current Account Switch Service (Cass) to switch to either an Everyday Current Account, Santander Edge Current Account, Santander Edge Up Current Account, or Private Current Account (v2).

To qualify for the payment, customers must complete the switch in 60 days, pay in at least £1,500 within 60 days of requesting the switch and set up two direct debits within 60 days.

Money Saving Experts compares the top bank accounts that pay free cash for switching.