The deal is available to customers switching to a TSB Spend & Save or Spend & Save Plus current account from today (23 January).
To be eligible for the £100 switching incentive, customers must switch to TSB using the Current Account Switch Service (CASS) and the switch must be complete by 14 March 2025. Customers will be able to apply through the TSB mobile banking app, the TSB website or in branch.
To receive the £100 switching bonus, customers must log into the TSB mobile banking app and make at least five debit card payments before 14 March 2024. The £100 bonus will be paid between 28 March and 11 April 2025.
Cashback and rewards
For the first six months, TSB is also offering customers the chance to earn up to £10 in cashback each month by making at least 20 debit card payments in the calendar month. This cashback is normally capped at £5 per month.
This means customers can earn a total of £60 in cashback in the first six months of holding the account.
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If customers make 20 debit card payments in August 2025 and meet the conditions for the £100 switching bonus, they can choose a ‘treat’ in September 2025. The treat will be one of three options, which are:
- A night away for two at a wide range of hotels, including Mercure
- Two Odeon cinema tickets each month for three months
- A NOW Entertainment membership for six months
Carys Barnes, TSB’s head of personal current accounts, said: “With so many features and benefits, now is a brilliant time for new customers to switch to a TSB Spend & Save or Spend & Save Plus current account.
“We’re committed to helping our customers feel more confident with their money, and this switching offer is just one of the many ways we’re doing that.”
