TSB launches new 'Spend and Save' current account

MDMD

Yorkshire_Pud said:

With the Save the Pennies feature any debit card spend is rounded up to the nearest pound and that rounded up difference is transferred into the Savings Pot. Say the spend took the balance down to 30p in credit would it then round up to a pound and transfer 70p into the savings pot thereby causing the current account to go overdrawn by 40p?

You can avoid that by activating the auto balance feature 
https://www.tsb.co.uk/current-accounts/autobalancer/

Ghostcrawler

just had a chat with TSB CS and was told that I can get £5 cashback on my converted account (Classic > S&S) by doing 30 debit card transactions. I dont know how much true is that but I have it in writing, so going to challenge if I dont get £5 this month by 12th

ischris85

Ghostcrawler said:

just had a chat with TSB CS and was told that I can get £5 cashback on my converted account (Classic > S&S) by doing 30 debit card transactions. I dont know how much true is that but I have it in writing, so going to challenge if I dont get £5 this month by 12th

If it was a Classic as you may know already T&Cs state that account is excluded. I just switch mine out and will apply for a new one today/tomorrow.

Ghostcrawler

ischris85 said:

Ghostcrawler said:

just had a chat with TSB CS and was told that I can get £5 cashback on my converted account (Classic > S&S) by doing 30 debit card transactions. I dont know how much true is that but I have it in writing, so going to challenge if I dont get £5 this month by 12th

If it was a Classic as you may know already T&Cs state that account is excluded. I just switch mine out and will apply for a new one today/tomorrow.

that was the whole reason I wanted to check with them. T&C says that its excluded but CS says otherwise. I have got lot of account now and do not want to open a new one unless I really have to.  So if I dont get £5 cashback by 12th of this month then I will query that with supporting chat details and will open a new one.

soulsaver

Perhaps those that 'know' would care to link to term that excludes a converted classic?

colsten

Ghostcrawler said:

ischris85 said:

Ghostcrawler said:

just had a chat with TSB CS and was told that I can get £5 cashback on my converted account (Classic > S&S) by doing 30 debit card transactions. I dont know how much true is that but I have it in writing, so going to challenge if I dont get £5 this month by 12th

If it was a Classic as you may know already T&Cs state that account is excluded. I just switch mine out and will apply for a new one today/tomorrow.

that was the whole reason I wanted to check with them. T&C says that its excluded but CS says otherwise. I have got lot of account now and do not want to open a new one unless I really have to.  So if I dont get £5 cashback by 12th of this month then I will query that with supporting chat details and will open a new one.

Where do you get the 12th from? Whilst the 12th is 'by the 20th', I reckon they'll be paying closer to the 20th than to the 12th

EarthBoy

Yorkshire_Pud said:

Say the spend took the balance down to 30p in credit would it then round up to a pound and transfer 70p into the savings pot thereby causing the current account to go overdrawn by 40p?

No, they don't round it up if it would take you overdrawn.

colsten

soulsaver said:

Perhaps those that 'know' would care to link to term that excludes a converted classic?

see the Cashback T&Cs (downloads a PDF, linked from https://www.tsb.co.uk/current-accounts/spend-and-save-account/)

Ghostcrawler

colsten said:

Ghostcrawler said:

ischris85 said:

Ghostcrawler said:

just had a chat with TSB CS and was told that I can get £5 cashback on my converted account (Classic > S&S) by doing 30 debit card transactions. I dont know how much true is that but I have it in writing, so going to challenge if I dont get £5 this month by 12th

If it was a Classic as you may know already T&Cs state that account is excluded. I just switch mine out and will apply for a new one today/tomorrow.

that was the whole reason I wanted to check with them. T&C says that its excluded but CS says otherwise. I have got lot of account now and do not want to open a new one unless I really have to.  So if I dont get £5 cashback by 12th of this month then I will query that with supporting chat details and will open a new one.

Where do you get the 12th from? Whilst the 12th is 'by the 20th', I reckon they'll be paying closer to the 20th than to the 12th

you are right, my error..its Halifax that is on or around 12th. So many dates to remember :-D

Yorkshire_Pud

Used my super new spend and save card in the supermarket, first seven dc payments OK then three declines and had to use another card. Then got £10 from atm no problem.
Got home, phone call from tsb fraud dept automated 2:55min verifying transactions were not fraud. What’s suspicious about buying eight items of shopping separately one after the other!? Onwards.