Santander has shared an update to its customers, who could be in line for a £1000 payment. However, the banking giant warned that people only had days left to act.

It relates to the bank’s ‘ Accelerate Your Savings Free Draw’. In a post shared on social media, it says customers could win £1000. However, it is only available to Santander UK savings and current account customers only.

Those eligible only have until Sunday, May 24 to enter. You must be aged 18 or over and it is only open to UK residents.

“Fancy £1,000 to accelerate your savings?” the Instagram post read. “To be in with a chance of winning, all you need to do is:
1 Like this post
2 Follow us on Instagram @santanderuk
3 Comment ‘CANADA’ below

The post continues: “Giveaway open to Santander UK savings and current account customers only. Prize draw closes Sunday, May 24, 2026. One entry per customer. Full T&Cs can be found in our bio.

“Winners will be contacted through the official @santanderuk Instagram account. Be cautious of any other accounts messaging you claiming to be Santander, it will be a scam.”

Santander confirmed that the correct entries will be selected on the Monday after the race, and the winner(s) will be notified by private message on this date.

The Santander website contains more terms and conditions. It explains: ” Each race week only one entry per customer, per channel is permitted. If multiple entries are submitted by the same customer on the same channel, only the first entry will be valid.

“Customers are allowed to enter on both TikTok and Instagram, qualifying as 2 entries into the draw. This excludes all Santander UK employees and anyone associated with the competition.

“There will be a minimum total of £1,000 to win each race week. The winner(s) will have 5 calendar days from receipt of the winning notification to: Confirm they wish to accept the prize. Failure to respond in time will result in the prize being forfeited and another winner will be selected at random

“The promotion begins at 9am on the Wednesday before each race and entries must be received no later than 11.59pm GMT/BST on the Sunday.”