Changes to Unarranged Overdraft fees

From your first statement period on or after 10 July 2018, we will remove the existing overdraft fee cap of £95 per monthly statement period, which covers Arranged and Unarranged Overdraft fees. This will be replaced by a lower cap of £50 per monthly statement period and will cover Unarranged Overdraft fees only, including Unarranged Overdraft interest, the Unarranged Overdraft usage fee and Unpaid Transaction fees. This means you won’t pay more than £50 per month in Unarranged Overdraft fees. Arranged Overdraft interest fees are not changing.

We will be updating our Terms and Conditions to reflect this change on 10 July 2018.

Changes for current account, savings and credit card accounts

A number of changes to the law and regulation have taken place, which impact some of the services on your account, allow you access to further services and help you better manage your account. This means there have been some changes to the services explained in your Terms and Conditions and we’ve also made them easier to understand, for example we’ve updated the layout in some places by putting the information into a table.

However we haven’t changed the meaning of the terms by doing this.

Although there have been a number of changes, if you continue banking in the same way you do today then you may not notice any differences.

More information about the changes is provided below.

Unless we state otherwise the changes applied from 13 January 2018.

Our updated General Terms and Conditions (pdf) and Online Banking Terms and Conditions (pdf) 

New third party services

You can give permission to certain third party providers (TPPs), authorised by the FCA or other European regulators, to access information and to make payments from current accounts and cahoot savings accounts, as well as balance transfers from your cahoot credit card account.

1. You can instruct a TPP to tell us to make a payment on your behalf and we’ll treat any instruction from a TPP as if it was from you. You can’t stop a payment once you have authorised a TPP to make it. You should check with any TPP you allow to access your account that they are authorised to carry out the services they are offering.

2. You can instruct a TPP to obtain and hold data about your account. Once a TPP has your permission and has obtained your data, they will be responsible for the security of this data.

The TPP will only be able to have the same amount of access as you e.g. if your account is ‘view only’ online and you can’t make payments online, then TPPs will only be able to access account information and won’t be able to make payments. We may refuse to give access to a TPP, for example, if we believe there is a risk of fraud.

Cheque imaging and changes to cheque clearing from 30 October 2017

The cheque clearing cycle will be changing over the coming months as the banking industry starts to implement a new, quicker, clearing process. In this new process a cheque you pay in will be scanned and sent electronically to the issuing bank instead of being sent physically as a paper cheque. This new process will also apply when someone that you’ve written a cheque to, who doesn’t bank with cahoot, pays your cheque in at their bank. We’ll implement this change gradually and will keep you updated on our website.

This new process means that your cheques could start to be cleared by the end of the next working day. This makes it even more important to make sure you have money available in your account when you make a payment by cheque. When you are paying in a cheque, it could also mean that you will have quicker access to the funds.

Other important changes

Delayed payments: Where a payment has been delayed because of our mistake, you can also ask us to contact the receiving bank and ask them to credit the payment as if it had been received on the correct date.

Payments received in error: We can return money sent by Faster Payments into your account by mistake and we don’t need your permission to do so. Our terms have been updated so that if a payment is made into your account by mistake, you agree that we may share all relevant information with the sending bank so that the payer can trace the money.

For CHAPS payments, if the sending bank (or the sender) has made a mistake we won’t take the money back out of your account without your permission.

If you don’t think that the payment has been made in error we’ll let the sending bank know.

Exchange rates for foreign currency payments: We’ve clarified that our exchange rates for foreign currency payments are based on our cahoot reference exchange rates for the relevant currency. We have different reference rates depending on the size of the transaction and whether the payment is being made into, or paid from your account.

Unauthorised transactions: If there is an unauthorised transaction that we are responsible for refunding then the maximum amount we can hold you liable for has been reduced from £50 to £35. We’ll still try to refund your account the same day that we are told about the unauthorised transaction but will have until the end of the next working day to do so if your account was in credit when the unauthorised transaction was made. If your account was overdrawn we’ll make the refund as soon as we are reasonably satisfied you are entitled to it.

Card payment changes: Where you agree to a card payment being authorised and don’t know the final amount of the transaction (e.g. checking into a hotel) we’ll only set aside the amount you’ve agreed to be authorised.

Foreign payment charges: Previously for some international payments you may have been given the choice of who pays the fees for the payment, you and the recipient may each pay your own bank’s charges or the recipient or you may pay them all. This choice won’t be available for any payments within the European Economic Area (EEA) in any currency and each party will need to pay its own bank’s charges.

Information about your account transactions (including statements): Our terms have been updated to reflect that we’ll continue to provide details of transactions in Online Banking, which you can save and print. We’ll also continue to provide you with current account statements as an eDocument in Online Banking.

Your information: Our terms will be updated to reflect that you give consent to us using your data to provide payment services to you. You can withdraw this consent, but if you do, we’ll stop providing payment services to you and may still use your data where we have lawful grounds to do so. We’ve also updated our terms to be clear that for joint account holders on the death of one of the joint account holders we may share information about the account with the deceased’s personal representatives.

Closing your account: Our terms have been updated to reflect we can close your account at any time without notice to ensure we don’t breach our legal and regulatory requirements.

Complaints: Some complaints about payments will be handled more quickly. We’ll update our complaints leaflet to reflect these changes. Our complaints leaflet is available on request and this information is also online at Your existing rights to refer any complaint to the Financial Ombudsman Service won’t be affected.

Keeping your mobile safe and security: We’ve updated our terms to reflect the importance of keeping your mobile and mobile device safe to protect your account from fraud. You must also comply with security procedures we tell you about from time to time.

Changing your Terms and Conditions: We’ve simplified the conditions around how we can make changes to fees, charges, interest rates and terms on your account to make them clearer. We’ll make changes to respond proportionately to things we can’t control or to reflect a change we’re making to our business.

We’ll always explain the impact of the change and you’ll be able to close your account before the change takes effect without any additional charge. We’ll still give you the same amount of notice as we do now. How much notice will depend on the type of account you have and the type of change.

Online Banking Terms and Conditions: We’ve also updated your Online Banking Terms and Conditions to make them clearer for you and to explain when we may ask you to verify certain transactions on your account. The updated Terms and Conditions are available on

Alerts Terms and Conditions: You can register for alerts to help you avoid charges for current accounts and manage your account. We’ve also moved the Alert Terms and Conditions into our cahoot General Terms and Conditions. We haven’t made any other changes to them.

These alerts are free, and will be sent by text message or email if we don’t have your mobile phone number. We’ll use the details you’ve already provided to us so it’s important we have your up-to-date mobile phone number and email address. You can let us know what these are through Online Banking or over the phone.

There are a variety of other alerts you may find useful. Details of these are available at You can change what alerts you receive in Online Banking or by calling us on 0800 587 1111.

Transactional history effective from 2 February 2018: If you close your current account we’ll provide you with the ability to get payment transaction history for the 5 years prior to your account closure. You‘ll also be able to ask us for this information for up to 5 years after account closure. More information about this will be provided on our website and will be included on your closing statement.

Transferring your rights: You’re not able to transfer your rights under your cahoot account to someone else. This means for example you can’t use the funds on your account as security for money you borrow for someone else.

Changes for cahoot credit cards only

Credit Limit increases: You’ll be able to tell us if you only want your credit limit increased with your consent.

Balance Transfers: Balance Transfers are allowed to personal current accounts or savings accounts you hold with us or another bank, and can’t be used to pay off amounts you owe on any other card issued by a Santander Group company. We’ll contact you with further details if this is available to you.

We’ve also clarified when Balance Transfers will reach the receiving bank and set out your rights if a Balance Transfer goes wrong:

  • Where it is our mistake, we’ll restore your account to the state it would have been had the payment not been made. You can also ask us to contact the receiving bank and ask them to credit the Balance Transfer as if it had been received on the correct date.
  • Where you have given us incorrect details, we’ll use reasonable steps to recover the amount and are entitled to charge you a reasonable sum for doing this.

Account alerts: You’ll be automatically registered to receive an alert when nearing your credit limit to help you avoid fees, and we’ll send you other messages to notify you of certain activity on your account. These will be sent via email, text message, both or by letter and where not required for regulatory purposes, we’ll give you the option to opt out. You can opt out via Online banking or by calling us.

Ring-fencing: changes to the structure of the Santander Group

We want to make you aware of some changes to the structure of the Santander Group.

The largest UK banking groups, including Santander UK, have to comply with new requirements to ring-fence their retail activities (like current accounts, savings accounts and payments). This means that we will be separating our more complex wholesale banking activity from our retail banking activity by 1 January 2019.

You do not need to take any action. Your account will not be affected by these changes and your account details will stay the same.

Please visit for more information on our ring-fencing plans, including details of our ring-fencing transfer scheme and advice on how you can protect yourself from fraud and scams.