Santander has said it will provide free £200 payments to banking customers who complete four specific requirements. The financial institution has contacted individuals who bank with Santander but do not currently hold a current account with them.

Part of the emails read: "It's never been easier to move your income, Direct Debits, and standing orders from your old bank to us. Plus, when you get a current account with us, you can make use of our award-winning Mobile Banking app."

Santander confirmed it will "transfer £200 into your eligible account within 90 days of your request to switch when you use the Current Account Switch Service [CASS]."

But who qualifies for the payment, and what steps must be taken?

Santander bonus requirements - four steps to follow

Customers with Santander, B

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