TSB launches new 'Spend and Save' current account

Ghostcrawler

so from when do I need to start making 30 transactions to earn £5? not sure if first month would be this month or from next month, any one knows as my account is still not converted?

creditavenger

Ghostcrawler said:

so from when do I need to start making 30 transactions to earn £5? not sure if first month would be this month or from next month, any one knows as my account is still not converted?

I've just spoken with TSB about the £5 per month "Spend and Save" cashback offer. 
My Classic account(s) were automatically converted to "Spend and Saves" on the 9th of September. 
(I'm not sure that this is the case for everyone)
All mine are now showing as "Spend and Saves" on the App and in On-line banking. 
I was told that I can potentially earn cashback by making a minimum of 30 debit card transactions for each of the first six months (from the 1st to the last day of each of these months).  There is apparently no minimum transaction payment.
In my case at least, the offer is live now.
So if I've made 30 db cd transactions between the 1st and last day of September, I will receive a £5 payment  into my account by the second working day of October. 

Sounds good - RSI here I come! 

keiran

To where are people making the debit card payments?
I use my Capitalone credit card, but I don't want t (over)abuse it

stclair

I use my card everyday so I think i could easily do 30 transactions in a month. 

ischris85

I wonder why they have limited the promotion to the first 6 months of an account opening. This will encourage people to open a new 'spend and save' account every 6 months

Ghostcrawler

wondering if loading NS&I or Skipton will be considered (same like Halifax)

[Deleted User]

ischris85 said:

I wonder why they have limited the promotion to the first 6 months of an account opening. This will encourage people to open a new 'spend and save' account every 6 months

I looked to open one of these and it seems they are only available for the old classic account (no longer for sale). I can't find an option to open one as a new customer.

EarthBoy

mummyof5 said:

ischris85 said:

I wonder why they have limited the promotion to the first 6 months of an account opening. This will encourage people to open a new 'spend and save' account every 6 months

I can't find an option to open one as a new customer.

It will be available to new customers sometime in the next few weeks, according to the press release. 

[Deleted User]

EarthBoy said:

mummyof5 said:

ischris85 said:

I wonder why they have limited the promotion to the first 6 months of an account opening. This will encourage people to open a new 'spend and save' account every 6 months

I can't find an option to open one as a new customer.

It will be available to new customers sometime in the next few weeks, according to the press release. 

I missed that bit !

Ghostcrawler

just now I had a call with TSB CS and they said irrespective of customer status whether they are new or current customer to TSB, if its available to apply for spend and save account then you can definitely apply but they dont have any details as of yet that what will happen after your first 6 months up and if you can have another S&S account. But for now I think every new customer should be able to apply and existing ones have automatically changed and eligible for £5 cashback for first 6 months.  Only time will tell if we should be able to open another one after 6 months.

I also asked if loading savings account by debit card is eligible for cashback and will be considered as DC transaction and I was rest assured that it will be considered as DC transaction, so there you go problem solved as for me this route works better than making multiple transactions in supermarket.