In the uk subsidiary the product conditions changed after four years santander bank santander bank updated santander is going to modify the conditions of account 1,2,3 in spain, within the framework of a broader movement to change strategy Philippines Phone Number List in the payment methods business to increase its commission income. The increase in the entity's star product, imported from the united kingdom, occurs in half the time than in the uk subsidiary. As reported by the entity, as of february 12, customers who have a checking account at the bank, both those who have contracted account 1,2,3 and the users of the day-to-day account or the classic account, they will be required to contract a pack of three cards (debit, credit and revolving) with a monthly commission of three euros per month . Until now, contracting these products was optional. I
Practice, the client of account 1,2,3, who now only paid a maintenance fee of three euros per month if they chose to only have a debit card, will have to assume a cost in commissions of six euros per month . Furthermore, in order to benefit from the advantages of the account, including remuneration of up to 3% of balances and direct debit receipts, you will have to make at least one transaction per quarter with a credit card , excluding atm withdrawals. Commission increase before that in the united kingdom… santander already surprised its british clients in mid-2015 by announcing that it would raise the commission on its account from 2 to 5 pounds per month ( from 3 to 7 euros ), the most successful on the banking scene in the united kingdom. This 150% increase became effective last january .
It affects the 3.8 million customers who have contracted this product in the country. The price of the credit cards associated with the account also increased, which went from £24 a year to a charge of £36 (50 euros). Then, when the bank's star account was going to celebrate four years in the british market , this modification of the conditions was announced, via an increase in commissions. At that time, eleven months ago, santander quickly clarified that it would not apply the increase in spain , although concern began to spread among customers. Now, less than two years after the release of the product, the entity just announced last week the increase in surcharges starting in february.