TSB launches latest switcher offer worth up to £190, plus choice of reward

• New customers switching to TSB will receive £100 upfront
• TSB triples cashback for new customers increasing from £5 to £15 a month in the first six months of account opening – earning up to £90
• Customers can also choose a reward for staying

From today, new customers who switch to a TSB Spend & Save or Spend & Save Plus current account can receive £100 upfront, and £90 - £120 in cashback in the first year of account opening, plus the choice of one of three rewards.

New customers must switch to TSB using the Current Account Switch Service from 1 August 2024 and before the offer is withdrawn. The switch must be completed within 21 days from request. New customers can apply through tsb.co.uk, in branch or in the TSB Mobile Banking app.

To receive the £100, customers must make a minimum of five payments (of any value) using their debit card including using Google/Apple pay on their new Spend & Save or Spend & Save Plus account and log into the TSB Mobile Banking app at least once, by 27 September. If these conditions are met, TSB will pay £100 into the new account between 15 October 2024 and 25 October 2024.

The offer is limited and can be withdrawn at any time. TSB will give notice of the withdrawal date ahead of time.

Earning triple cashback

For the first six months, TSB is also offering new customers the chance to earn triple cashback, raising the cashback offer from £5 to £15 a month – meaning new customers can earn a total of £90 (£15 will be paid each month).

For Spend & Save Plus, the same cashback is available for the first six months, and it will then revert to £5 cashback a month (customers can receive a total of £120 in the first 12 months). The Spend & Save Plus account comes with a £3 monthly maintaining the account fee.

To earn the cashback, customers must first complete the switch conditions to meet the £100 incentive and then make 20 payments (of any value) each month in the first six calendar months the new account is open using their debit card or using Google/Apple pay on their new Spend & Save or Spend & Save Plus account.

Customer reward

New customers who meet the terms for the £100 payment will be offered a free reward if they make 20 or more payments using their new TSB debit card in March 2025. They will receive the award in April 2025. They can choose from:

• - A night away for two at a choice of leading hotels
• 2 Odeon cinema tickets every month for 3 months (6 tickets in total)
• A Now TV entertainment 6-month subscription

Carys Barnes, Head of Personal Current Accounts at TSB, said:

“This is a great opportunity for new customers to switch to a TSB current account and enjoy some fantastic benefits when they do.”

Notes to Editors

• The full terms and conditions can be found here.