Charge-free current account for Santander mortgage customers

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Charge-free current account for Santander mortgage customers

Santander has announced the launch of a new zero-charge account, available exclusively to customers who have their mortgage with the institution.

Account holders will not have any authorised or unauthorised charges, or any charges for items which are paid or unpaid.

Additionally, there is no cost for using ATM machines abroad and no international fees for debit card usage.

Customers who already have a mortgage with Abbey and Bradford and Bingley will be eligible for the account when it opens in January 2010.

Alliance & Leicester mortgage holders will be able to apply when the bank re-brands to Santander part later next year.

Antonio Horta-Osorio, chief executive of Santander UK, said: "Our new approach is one based on simplicity: the more business you do with us, the more we will offer you in return."

Earlier in the year, the institution launched a two-year fixed rate bond with four per cent gross AER, fixed for two years, with a minimum investment of £10,000.

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