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TSB Brings back £10 monthly cashback offer for customers opening popular Classic Plus Account
Customers joining Classic Plus can earn up to £164 in their first year
TSB’s Classic Plus account is already one of the best current accounts available and from today, customers can earn up to £10 a month in cashback just for doing their day-to-day banking.
New customers opening a TSB Classic Plus account will be rewarded with £5 for making 20 debit card payments within a month plus an extra £5 if they make at least two direct debits each month. That’s a total of £120 for the year. Designed to give new customers a great start with TSB, the cashback offer will run until the end of 2018.
In addition, Classic Plus also comes with 3% AER credit interest on balances up to £1,5001 – that means customers can earn up to £44 in credit interest over a year if they have £1,500 in their account at all times. All for no monthly fee.
This offer follows on from the popular Classic Plus offer launched in March 2017 with customers earning over £4 million in cashback last year.
Craig Bundell, TSB’s Director of Personal Current Accounts, says: “As Britain’s challenger bank, it’s our mission to make banking better for all UK customers and this new offer is another example of that.
“Classic Plus is already one of the best current accounts available in the UK and our £10 monthly cashback offer proved so popular last year. It’s great to be able to give even more customers a warm welcome to TSB in 2018.”
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The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors
• 1 Classic Plus - 3% AER / 2.96% gross variable interest (paid monthly) on balances up to £1,500. Must pay in minimum of £500 a month, register for Internet Banking, paperless statements and paperless correspondence.
Classic Plus cashback terms and conditions.
1. Timings and ending the offer
1.1 For accounts opened on or after 8 January 2018, cashback is paid on debit card transactions and Direct Debits up to and including 31 December 2018, unless we tell you otherwise.
1.2 For accounts opened between 1 March 2017 and 7 January 2018, cashback is paid on debit card transactions and Direct Debits up to and including 30 June 2018, unless we tell you otherwise.
1.3 Cashback will be paid during the next calendar month (for example, payments made in January 2018, cashback will be paid in February 2018).
2. Eligibility
2.1 Customers must be registered for Internet Banking.
2.2 Customers’ Classic Plus accounts must be open at the time cashback is paid.
3. £5 cashback on debit card transactions
3. £5 cashback on debit card transactions
Customers must make at least 20 payments using your debit card (this includes online and mail order purchases, as well as in-store purchases including contactless, Apple Pay™ and Android Pay™) each calendar month to earn £5 cashback.
3.2 ATM withdrawals, Direct Debits, Standing Orders, payments made using Pay a Contact (Paym), bill payments made in a TSB branch and future dated payments do not count towards the 20 debit card payments.
3.3 Purchases will count towards the 20 debit card payments based on the date the money is taken from your account. This may not be the same date that the debit card transaction was made.
3.4 If you have more than one Classic Plus account (for example, a Classic Plus account in your own name and an account in joint names) and you make at least 20 debit card payments from each account, you will earn £5 cashback on each account.
3.2 ATM withdrawals, Direct Debits, Standing Orders, payments made using Pay a Contact (Paym), bill payments made in a TSB branch and future dated payments do not count towards the 20 debit card payments.
3.3 Purchases will count towards the 20 debit card payments based on the date the money is taken from your account. This may not be the same date that the debit card transaction was made.
3.4 If you have more than one Classic Plus account (for example, a Classic Plus account in your own name and an account in joint names) and you make at least 20 debit card payments from each account, you will earn £5 cashback on each account.
4. £5 cashback for two Direct Debits
4.1 You must make at least two Direct Debit payments from your account each calendar month to earn £5 cashback.
4.2 The two Direct Debit payments each month must be made to different companies.
4.3 Direct Debits will count towards earning £5 cashback based on the date the money is taken from the account. This may not be the same date that the Direct Debit was set up to be taken from the account, if that date falls on a weekend or a bank holiday.
4.4 If you have more than one Classic Plus account (for example a Classic Plus account in your own name and an account in joint names) and you have at least two Direct Debit payments each month from each account, you will earn £5 cashback on each account.
About TSB
TSB was built to bring more competition to UK banking and ultimately make banking better for all UK consumers. TSB only serves local customers and local businesses, to help fuel local economies, because communities thriving across Britain is a good thing for all of us.
We have a simple, straightforward and transparent banking model and make clear on our website how we operate and make money. We offer the products and services people tell us they want, with none of the funny stuff people normally associate with traditional banks.
Our five million customers appear to notice: TSB is Britain’s most recommended high street bank and was recently identified as one of the top 10 big companies to work for.
For further information about TSB Bank plc, please visit our website www.tsb.co.uk.
