Danske Cash Reward

Life's more rewarding with a current account that pays a cash reward each month.

Good to know

  • A £7 cash reward every month paid directly into your account
  • The first £100 of your arranged overdraft is interest-free and fee-free, subject to credit review and approval
  • A contactless Debit Mastercard, which acts as a debit card and a cash card
  • Free cash withdrawals at any Post Office® counter with your Debit MasterCard
  • Text and email alerts to get updates on your account balance
  • Easy access to your account with eBanking, Mobile Banking and Tablet banking

Need to know

  • To get the £7 reward you must, in the previous calendar month, have:
    1. paid in at least £1,200;
    2. paid at least three direct debits; and
    3. logged on to eBanking or Mobile Banking.
  • There is a £2 monthly account fee, whether or not you qualify for the cash reward
  • If your arranged overdraft balance exceeds £100, fees and interest will apply
  • Lending terms and conditions apply

Want to open an account?

Apply online   Ask us to call you back

or call us on 0800 660 033

What else you can expect...

A contactless Debit Mastercard

Your Debit Mastercard can be used online and worldwide at cash machines or in-store, wherever you see the Mastercard logo. The contactless technology allows you to make purchases of up to £30 in-store with a simple tap - perfect for when you are in a rush or making a small purchase.

Find out more

Text and email alerts to get updates on your account balance

If you are an eBanking customer, you can find out your balance by email or text message. With this service, you can change the settings for your account (for example, if you want to receive alerts when your balance is low or when you receive a payment).

Find out more

Easy access to your account with eBanking and Mobile Bank apps

With Danske Bank, as well as banking face-to-face at any branch, you can now take care of your finances in more ways than before with our online, mobile and tablet banking solutions and services.

Find out more

Free cash withdrawals at any Post Office® counter

Danske Bank personal customers can withdraw cash, pay in cheques and cash, and check the balance on their accounts, at over 400 branches of the Post Office® with their Debit Mastercard.

Find out more

Interest Rates

Rates correct as at 02 November 2017

Net interest rate Gross interest rate Credit interest rate (AER) (Variable)
Credit interest rate All credit balances 0% 0% 0%

We work out interest each day and pay it into your account at the end of each calendar month. This interest rate may change in the future.

The arranged overdraft interest rate can change in the future and is currently as shown below.

Arranged overdraft interest rate Arranged overdraft interest rate (EAR) (Variable)
Arranged overdraft balance of £100 or less 0% 0%
Arranged overdraft balance of more than £100 16.99% 18.38%

Representative example

18.38% EAR Variable
No arrangement fee
£1,200 total amount of credit

Further information

Take a look at our personal account interest rates leaflet for information on our interest rates.

There are limits on the number of free withdrawals and cheque payments you can make over the counter at our branches. Full details of fees and charges can be found in our Fees and service charges explained leaflet.

A range of charging scenarios is available to show you the charges you will be expected to pay if you try to spend money that isn't in your account and you haven't arranged an overdraft, or if you spend money that takes your account into unarranged overdraft.

Information on how to reduce or avoid fees, charges and interest is available. Follow the link to read our recommended steps.

Switching a current account to Danske Bank is a free, quick and simple process. And with the Current Account Switch Service, the switch is guaranteed to be completed within seven business days.

Learn about the switching process

Important Information

  • You must be aged 18 or over
  • You are eligible to apply via our website:
    • If you are new to Danske Bank, you need to be a Northern Ireland resident
    • If you are an existing Danske Bank customer, you need to be a UK resident
  • The cash reward will be added to your account without any tax being taken off. Whether you have to pay tax on the cash reward will depend on your personal circumstances.
  • You will be sent a statement at least every 6 months.  With eBanking, you can ask us to make your statements available electronically rather than as paper copies.
  • Whether we provide credit depends on your circumstances.
  • Arranged overdrafts are repayable on demand. This means you would have to repay the overdraft in full when asked to do so.

Want to open an account?

Apply online   Ask us to call you back

or call us on 0800 660 033