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Santander has issued an update over £200 bonus payments - which are due within 90 days for customers who've successfully switched. Santander has launched a new £200 current account switch offer.

New and existing customers can get the cash after switching to a Santander Everyday, Edge, Edge Up, Edge Explorer or Private account. Kate Steere, from personal finance comparison site Finder, said it "blows the competition out of the water when you look at what you can earn over the course of the year".

She said: "If you opt to switch to the Santander Edge account, which has a £3 monthly fee, you get access to its Santander Edge saver at 6% on balances up to £4,000. If you deposit the maximum amount, after a year, you'll have £240 in interest.

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