£75 recommend a friend incentive from TSB

pphillips

TSB are now offering £75 each to new customers who are referred by a friend.

See https://www.tsb.co.uk/recommend-tsb/ for more details.

Their Classic Plus account pay interest on balances up to £1500 at 5%, reducing to 3% from 2 July 2019.

[Text removed by Forum Team]

eskbanker

Yes, they announced the revival of this incentive at the start of last week to sweeten the pill of the rate reduction, as covered in the MSE article on the 8th:
https://www.moneysavingexpert.com/news/2019/04/tsb-cuts-interest-rate-on-its-current-account-to-3-/

and the associated forum thread: https://forums.moneysavingexpert.com/discussion/5987794/tsb-to-cut-interest-rate-on-its-current-account-to-3-mse-news

pphillips

eskbanker wrote: »

Yes, they announced the revival of this incentive at the start of last week to sweeten the pill of the rate reduction, as covered in the MSE article on the 8th:
https://www.moneysavingexpert.com/news/2019/04/tsb-cuts-interest-rate-on-its-current-account-to-3-/

and the associated forum thread: https://forums.moneysavingexpert.com/discussion/5987794/tsb-to-cut-interest-rate-on-its-current-account-to-3-mse-news

Thanks I had totally overlooked the recommend a friend incentive (and I surely can't be the only one) when both headlines are "TSB to cut interest rate on its current account to 3%".

Emily_Joy

I've just tried to open a second bank account with TSB online. The application was approved but then they wanted me to sign up for internet banking which I have done already years back.

Anyone has similar experience?

bristolleedsfan

Emily_Joy wrote: »

I've just tried to open a second bank account with TSB online. The application was approved but then they wanted me to sign up for internet banking which I have done already years back.

Anyone has similar experience?

Yes accounts. were later automatically merged into 1 Internet Banking Login ID


Also i found on 1 April ish that 5% interest was not paid on additional accounts. needless to say I transferred the account out to Santander

Ed-1

bristolleedsfan wrote: »

Yes accounts. were later automatically merged into 1 Internet Banking Login ID


Also i found on 1 April ish that 5% interest was not paid on additional accounts. needless to say I transferred the account out to Santander

Did you register for paperless statements/correspondence and pay in £500 to the additional TSB?

bristolleedsfan

Ed-1 wrote: »

Did you register for paperless statements/correspondence and pay in £500 to the additional TSB?

Paid in 500 plus, have to say didnt think about registering for paperless on additional account

Emily_Joy

bristolleedsfan wrote: »

Yes accounts. were later automatically merged into 1 Internet Banking Login ID

Looks like I will need to call them about abandoned application.

bristolleedsfan wrote: »

Also I found on 1 April that 5% interest was not paid on additional accounts. needless to say I transferred the account out to Santander

This was the purpose :shhh:

Emily_Joy

bristolleedsfan wrote: »

Paid in 500 plus, have to say didnt think about registering for paperless on additional account

This was probably the mistake. :cool:

Shedman

bristolleedsfan wrote: »

Yes accounts. were later automatically merged into 1 Internet Banking Login ID


Also i found on 1 April ish that 5% interest was not paid on additional accounts. needless to say I transferred the account out to Santander

Thought the T&Cs say you can only have one Plus account anyway and that they convert a second (non joint) one to a Enhance [what ever that is] or other current account?

bristolleedsfan

Shedman wrote: »

Thought the T&Cs say you can only have one Plus account anyway and that they convert a second (non joint) one to a Enhance [what ever that is] or other current account?

At the time some of us opened these accounts x 2 qualified for 5% rate :think: ......