Free banking, including a pretty decent Web app and a very decent mobile app, means we can do all our banking online and still have access to a branch for special requirements. But don't go overdrawn - instead of charging interest at a percentage rate, Santander bills you £1 a day regardless of the amount (more if you're overdrawn by more than £1200), even if you have an arranged overdraft facility. From April 2020 this is changing to an eye-watering 39.9% EAR.
Reviewed on: 3rd February 2020
At weekends, the exchange rate is fixed between any two currencies with a fairly wide spread. You're better off exchanging your cash during the week, when the interbank rate applies. I love the ability to hold multiple currencies simultaneously and the ability to send and receive payments natively in hundreds of countries.
Reviewed on: 3rd February 2020
