The Santander Edge account will pay customers £150 to switch, then also offers 1 per cent cashback on bills, up to £10 a month. It also offers 1 per cent cashback on essential everyday spending.

Santander’s Edge account charges £3 a month, but you get 1% cashback on household bills (up to £10 a month), 1% cashback on supermarket spends (up to £10 a month) and you can use your debit ...