A £50 Santander debit card could make you an overnight success in the bank.
The new Santander Visa card is being launched by UK-based bank Santander, which is aiming to take the UK to the next level in banking independence.
Santander’s aim is to be the world’s first bank to become a wholly-owned subsidiary of its parent company, Santander Bank.
This means the bank will become a completely independent organisation within the UK, which means it will no longer need to pay tax in the UK.
The bank will also have full independence over how the money it is spending is spent.
“We want to be an independent bank, with the same governance as our parent bank,” said Santander UK CEO James Taylor.
“Santander Bank is already doing things that have revolutionised the banking industry, but we are focused on doing things even more so.”
“The UK is already one of the fastest growing economies in Europe, but for too long we have been limited by a government system that restricts our freedom to choose the path that works best for us.”
The bank is currently in talks with the UK government on a “strategic partnership” to secure the financial services sector’s future, Taylor said.
The new bank will open to customers on Wednesday, March 11, and to new customers on Monday, March 17.
Santandas aim at being the world first bank in banking to become wholly-own subsidiary of parent company The bank has already opened up a branch in Birmingham and plans to open a second branch in Leeds in the coming months.
“This partnership will enable us to build on the growth of our business and help to shape the future of our UK customers and our industry,” Taylor said, adding that the bank is looking for partners to help build the bank into a leading global financial institution.
According to the company, the new Santandas Visa card will provide “access to bank accounts in the United Kingdom and beyond”.
The new card will cost £35 and will be available to anyone who is at least 25 years old and can prove they have been living in the country for at least six months.
It will also be available for the next six months to those who are currently living in Spain, Portugal, Ireland, Italy, Belgium, Denmark, and the Netherlands.
In addition to the new card, Santandans new online banking platform will allow customers to make online payments.
However, Taylor has said the bank plans to offer its customers a more secure, secure online banking experience, as well as allowing customers to withdraw their Santander card balances online.
The bank said it plans to expand its international presence as it strives to become the leading bank in the financial sector.
“Our ambition is to become an independent UK bank that can become a truly global bank and a world leader in financial services and banking, offering customers a fully-independent banking experience across the world,” said Taylor.
It’s worth noting that Santander has been struggling to attract and retain bank customers over the past few years, with a loss of almost £2bn last year.
This is the first major bank to be fully-owned by its parent since the financial crisis, which saw banks such as HSBC and Barclays struggle to attract new customers.
But the move to become independent has been met with some criticism from some of the bank’s rivals, who claim it will mean the bank loses the rights to be regulated by the Financial Conduct Authority.
For more on Santander: http://www.santander.com/en/about-santandens-bank/why-santa-bank-becomes-independent-in-ukraine-possible-regulatory-change-saturday-15-07-2017/