The high street banking giant has revealed a 29 per cent drop in profits today with the UK arm reporting a pre-tax profit of £391 million for the first three months of the year.
Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial targets.
Santander is "reminding" customers of their monthly fees, with cashback being earned sometimes not covering the fee, which sits at £3 a month for the 1 2 3 Credit Card.
Santander wants more upfront financial support, including stamp duty rebates for new home buyers and subsidised bank loans for energy efficiency upgrades.