To qualify, you need to switch an account from a different bank, set up two or more direct debit or standing orders, make five or more payments with your debit card within 45 days, and pay in £ ...

In terms of setting up direct debits - none of the top paying accounts ask for a minimum value. Santander, Lloyds, M&S, Clydesdale Bank and Halifax are such examples.

Nationwide and First Direct both pay £175, while Santander offers £150. There are some other perks while customers have to follow a number of steps to get the cash.

You are covered by the direct debit guarantee which says that if a debit is set up fraudulently, the bank will refund you — which Santander has done each time.

So while it doesn't cost your gym £40 to set up the direct debit there are ongoing costs which are associated with setting up payment schemes.

Money Personal finance Santander launches new current account offering up to £30 cashback each month The new Edge Up current account offers 1% cashback on selected monthly bills paid by direct debit.

Setting up direct deposit for unemployment benefits could take years, the EDD said in a hearing this week.

Customers with Santander's 123, 123 Lite, Private and Select accounts will get a boosted 3% cashback on water bills paid by direct debit (currently you get just 1%), while the cashback paid for phone, ...