TSB launches new 'Spend and Save' current account

parchedpeas

WillPS said:

Oct, Nov, Dec, Jan, Feb, Mar as Spend and Save
Apr as Spend and Save Plus
May, Jun, Jul as Spend and Save again.

This looks like it has been stopped now.
Nothing for this month on any of my S+S ordinary accounts. Already paid on my S+S Plus accounts.

bristolleedsfan

parchedpeas said:

WillPS said:

Oct, Nov, Dec, Jan, Feb, Mar as Spend and Save
Apr as Spend and Save Plus
May, Jun, Jul as Spend and Save again.

This looks like it has been stopped now.
Nothing for this month on any of my S+S ordinary accounts. Already paid on my S+S Plus accounts.

I would be very suprised if anybody else genuinely unrelated having upgraded to Plus paid £3 fee, subsequently downgraded and received a further 3 months x £5 without paying another Plus £3 fee

parchedpeas

Not sure what you mean - it had been working for me off and on since the account opened = 6 months on S+S, a month on S+S Plus, then back to S+S. £5 each time.

This month, nowt. Game over, it seems.

bristolleedsfan

parchedpeas said:

Not sure what you mean - it had been working for me off and on since the account opened = 6 months on S+S, a month on S+S Plus, then back to S+S. £5 each time.

This month, nowt. Game over, it seems.

Account I downgraded during December, i received £5 on 10th January in respect of it being a  S+S. account again.

I have never had anymore £5 payments without having upgraded again and nobody else bar post that you quoted from 9th August has stated that they received 3 months x £5 after downgrading.

WillPS

I've given up with it now completely. For a couple of months I complained, and on the strength of having got it the previous month I got the payment again. It appears the system no longer treats a change from S&S Plus to S&S as an eligible change of account.

This is wrong, in my view, and I could keep going and I'm confident a phone call would each month would see the £5/month manually added but tbh I can't be bothered with that. They're donor accounts now, awaiting a decent switching offer.

Roseanne1887

My six months of fivers on the normal spend and save account has just come to an end.  I was debating whether to upgrade to plus or revert back to using my Co-op account for spending.  However, I had an idea of switching my S&S account to Nationwide to get the £125 then, as Nationwide no longer do the free travel insurance for Europe, switch away from them back to a new TSB Spend & Save with a new account number.  Would this work does anyone think for getting six more fivers without charge or would they pick up that I already had a spend and save account before?  My plan was to give it a month so a reasonable amount of time had passed and to allow me to get my bonus from Nationwide etc.  Thanks.

WillPS

No need for any of the acrobatics, just open a new Spend & Save account (or 'change an account other than Classic to Spend and Save*) and you'll get a fresh 6 months of bonuses on the new account.

Credit check every time.

bristolleedsfan

11 accounts all with debit cards that work under same logon ID, only the first 8 accounts show under replacement/lost or stolen  cards, seemingly maximum 8 accounts that can be upgraded to Plus.

This is how system works and has always worked re S+S £5 payments paid automatically

After 6 months S+S, upgrade to S+S for further £5 -  pro-rata £3 fee charged

Downgrade after 1 month get pro-rata fee refunded plus £5 payment automatically

If stay downgraded more than 1 month do not get additional £5 payments automatically

If stay upgraded more than 1 month and then downgrade do not get £5 payment automatically.

It is possible to keep receiving £5 payment without any charges if keep upgrading/downgrading taking care not to remain upgraded for more than 1 month consecutively

little_green

Hello I'm thinking of getting a s&s account as want the "pots" option. 
What is the difference between the standard &bthe plus version also what is this £5 bonus people are talking of? 

Zanderman

little_green said:

Hello I'm thinking of getting a s&s account as want the "pots" option. 
What is the difference between the standard &bthe plus version also what is this £5 bonus people are talking of? 

Both your questions are answered on the TSB website page detailing their current accounts - https://www.tsb.co.uk/current-accounts/