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TSB launches new 'Spend and Save' current account

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  • Yorkshire_Pud
    Yorkshire_Pud Posts: 1,966 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 9 October 2020 at 9:50PM
    pphillips said:
    ischris85 said:
    Eager to use my new Spend and Save card, decided to make 5x debit card transactions to NS&I, will do more tomorrow and will report if any issues :D
    Is there a daily limit? I was hoping to do all of mine at once.
    I did 30 in a row in minutes no problem towards a utility bill.

    That would be quicker than my supermarket single item card use plus wouldn’t have to touch their screens etc!
    Do you make 1p type payments or bigger ones to pay off the monthly bill? I’m assuming if you pay by direct debit they adjust the next DD accordingly?
    It was easiest to repeat the same value and 30x£1 was a convenient total toward my monthly bill.
    I do pay by DD, but the amount can be adjusted.

    Thanks I will pay off some credit card balance I think!
  • If I only use 20 times of TSB debit card per month, will I get any cashback?
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    If I only use 20 times of TSB debit card per month, will I get any cashback?
    If you did, it would say so in the T&Cs.
  • Can we setup DD for utilities bill for £1 a day?
  • Moneybear
    Moneybear Posts: 218 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Can we setup DD for utilities bill for £1 a day?

    I'm sure you can if you wish but direct debit's don't count. 
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Can we setup DD for utilities bill for £1 a day?
    I doubt you could, as the DDs get set up by the utility company. What are you hoping to achieve by doing so, anyway? 
  • colsten said:
    Can we setup DD for utilities bill for £1 a day?
    I doubt you could, as the DDs get set up by the utility company. What are you hoping to achieve by doing so, anyway? 
    20 debit card for £5 cash back.

    What does this mean?
    It was easiest to repeat the same value and 30x£1 was a convenient total toward my monthly bill.
  • If I only use 20 times of TSB debit card per month, will I get any cashback?
    Nope. 30+. All the terms and conditions are easily found online for tsb spend and save.

  • Had my new S+s account amalgamated with my other one(s) after phoning to request two nights ago so pretty good for tsb compared to past experience.

    I asked about the S+S Plus account and it seems that account won’t exist as the t&c mentioning it were drawn up in June and now the financial landscape has changed again they recently decided to wipe the interest instead. So you can keep the plus in the hope it might start offering interest again ‘in about two years’ if things pick up. Or change a Plus to a standard S+S account with six months eligibility for cashback. So no going back if you change.
  • If I only use 20 times of TSB debit card per month, will I get any cashback?
    Nope. 30+. All the terms and conditions are easily found online for tsb spend and save.
    sorry my typing mistake 30 times using debit card.
    What does "quirkydeptless said:
    It was easiest to repeat the same value and 30x£1 was a convenient total toward my monthly bill.
    I do pay by DD, but the amount can be adjusted.
    " mean?
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