Martin Lewis urges people between these ages to get railcard | Personal Finance | Finance

Savvy savers aged between 20 and 25 could be in for a treat as they are eligible to snag a free four-year railcard, valued at £100, courtesy of Santander bank. To secure this travel perk, individuals simply need to deposit £50 into a savings account with the bank and maintain it there for a brief period.

The offer is open to anyone within the age bracket who holds a specific type of account with Santander.

The financial expert Martin Lewis from MoneySavingExpert has taken to social media to share his insights on how to clinch the railcard. He urges people to jump on the opportunity swiftly, warning that the deal might be withdrawn if demand is high.

Posting on X, Lewis highlighted: “This is specifically for people aged 20 to 25 on the 30th of June this year. And the railcard that you can get is a free four-year, what used to be called a young person’s railcard, now a 16 to 25 railcard, and if you bought it yourself, it would cost you £100.”

He further clarified: “Now you can do this as long as you’re a UK resident and Santander hasn’t given you the railcard freebie before, which it only would have done if you had the Santander student bank account. This isn’t just for students though, this is for anyone aged 20 to 25.”

How to claim the Santander railcard

To get the complimentary railcard, one must first open a savings account or ISA with Santander. Eligible accounts include the bank’s easy-access saver or its one-year fixed cash ISA.

To qualify, customers will also need to sign up for Santander’s online or mobile banking by the end of May, which can be easily done via the bank’s website. A minimum of £50 must then be deposited into either a savings account or ISA, and the funds must remain in the account until June 30, 2025.

Following this, customers will receive a notification through their online or mobile banking account by June 16, containing a unique code to redeem the railcard via the Santander Railcard website here.

Martin Lewis cautioned that the offer is not without risks, warning: “What could go wrong? Well one, it could pull the offer. Two, your savings may not track.”

However, he added: “But the truth is your putting your money into a savings account with a really big bank, the worst comes to the worst you take your money out and you’ve not lost anything apart from the opportunity cost of being able to spend that £50 meantime.”

Further details on the scheme as well as any updates can be found through Santander here.