New customers switching their everyday banking services to TSB will receive £100 before July 31. People looking to boost their balance before summer may be unaware that TSB has launched a limited-time current account switching deal that offers new customers up to £160, plus cashback and a choice from one of three rewards. New customers who switch to a TSB Spend & Save or Spend & Save Plus current account, can receive £100, and £60, plus £90 in cashback in the first year of account opening.
New customers must switch to TSB using the Current Account Switch Service (CASS) before the offer is withdrawn - which can happen at any time. The switch must be completed within 21 days from request and new customers can apply through tsb.co.
uk , in branch or in the TSB Mobile Banking app. To receive the £100, people must make a minimum of five payments using their debit card or contactless using Google or Apple pay on their new Spend & Save or Spend & Save Plus account and log into the TSB Mobile Banking app at least once, by July 5. If these conditions are met, TSB will pay £100 into the new account between July 17 and July 31, 2024.
For the first six months, TSB is also offering new customers the chance to earn double cashback, raising the cashback offer from £5 to £10 a month - meaning new customers can earn a total of £60 (£10 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 m.