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Customers with the new Santander Edge current account and linked savings account will be able to earn up to £20 in cashback and £13.10 in interest per month, for a £3 monthly fee.
Cahoot operates as a division of Santander UK, and shares Santander's banking licence and headquarters. Its business model involves a small operational staff, with IT services outsourced in 2003 to IBM using their "Software on Demand" model. [6] As of 2023, the only products available to new customers are savings accounts. [7]
In December 2012, Santander reached an agreement to sell its store card business, which includes branded cards issued for retailers including Topshop, House of Fraser and Debenhams, to SAV Credit. [25] The sale was completed on 13 May 2013, though Santander continued to service accounts on behalf of SAV Credit until 1 April 2014. [26]
In July 1990 the society acquired Girobank, a major provider of cash handling services to the government and large companies which also offered current accounts from the Post Office. [ 3 ] With other large building societies such as Halifax and Woolwich , Alliance & Leicester decided to float on the London Stock Exchange, generating windfall ...
Santander continued to operate the cards business until 1 April 2014, when SAV took full control and was renamed NewDay. [3] [4] In March 2015, it was rumoured that NewDay was for sale, valuing the company at around $1.49 billion. [5] In March 2019, John Hourican was named CEO of NewDay, succeeding James Corcoran to the position. [6]
In May 2010, Alliance & Leicester was acquired by Grupo Santander and the Alliance & Leicester brand was replaced by Santander UK. The Girobank wording continued in use on some credit slips intended for paying bills, along with the Alliance & Leicester "plus" logo. Some councils were continuing to use the original name "Post Office Giro" in 2011.
Santander Bank, N. A. (/ ˌ s ɑː n t ɑː n ˈ d ɛər /) is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States .
Cater Allen Private Bank is a private bank operating in the United Kingdom and is a subsidiary of Santander UK.Tracing its history back to a bank founded in Blackburn in 1816, [1] [2] it was independent for 180 years, before being purchased in 1997 by Abbey National. [3]