TSB Classic Plus

KimLouise17

Hi all

Was hoping i could get some advice, have read the T&Cs but wanted to clarify

I currently have a Platinum TSB Account with a £1200 overdraft ( we live in this monthly :mad:)

I have just opened a Classic Plus account in the hopes of getting the Cashback and Interest monthly

Am i right in thinking i could transfer my Wages into the Classic Plus Account from my Platinum and it would be eligible for the interest?

I would switch to to the Classic Plus but i cant transfer my overdraft

Does the balance have to be over £500 for a certain amount of time to get the Interest?

Also do the 20 Debit Card Transactions have to be over a certain amount? i buy a paper every day,could use it for that?

Thank you in advance

GTR_King

If you transfer money in then straight out it wouldnt work..

you get 3% interest on what you balance is...

It's paid on the First or 2nd of each month..

the transactions have to between the 1st/last day of the month

KimLouise17

so for example if i transferred £500 on say the 15th and the out on the 5th of the next month, then back in again on the 15th

would that work?

sheramber

Interest is calculated on a daily basis so no interest will be due for the time there is no money in the account- i.e. between the 5th and 15 th of the month.

You also need 2 direct debits to 2 different companies that are taken each calendar month.