TSB Spend & Save - now only 20 debit card transactions needed per month for £5

WillPS

Quick reminder that you'll need to make 2 manual debit card payments this month if you use the '£1 a day topup' method to satisfy the Spend & Save [Plus] £5 conditions.

You can do a manual Amazon account top up (£1 twice) to cover this off, or just use the debit card in any way

It might be neccessary to put one through in May too because of the bank holiday on May 29th.

You now only need 20 transactions per month as flagged up below, so no need to worry.

changearound1

From February you only need 20 DC payments per month to get the fiver.

WillPS

changearound1 said:

From February you only need 20 DC payments per month to get the fiver.

Good spot, I'd completely missed that. Never need to worry about the timing of the end of the month again!

35har1old

changearound1 said:

From February you only need 20 DC payments per month to get the fiver.

Only on accounts opened at time of new switching incentive per telephone conversation this morning

Update just received email confirming reduction to 20 DC payments  

k_man

35har1old said:

changearound1 said:

From February you only need 20 DC payments per month to get the fiver.

Only on accounts opened at time of new switching incentive per telephone conversation this morning

The T&C's don't explicitly state this only applies to accounts opened after the change, and reads more like a general change. So this may have a case of misinterpretation by telephone support staff.

https://www.tsb.co.uk/current-account-cashback-termsandconditions.pdf

From February 2023 we have reduced the number of debit card payments needed to earn cashback from 

30 to 20 each month. You’ll see this change in the terms and conditions below.

We will find out how they are actually applying this in a month or so!

bristolleedsfan

k_man said:

35har1old said:

changearound1 said:

From February you only need 20 DC payments per month to get the fiver.

Only on accounts opened at time of new switching incentive per telephone conversation this morning

The T&C's don't explicitly state this only applies to accounts opened after the change, and reads more like a general change. So this may have a case of misinterpretation by telephone support staff.

https://www.tsb.co.uk/current-account-cashback-termsandconditions.pdf

From February 2023 we have reduced the number of debit card payments needed to earn cashback from 

30 to 20 each month. You’ll see this change in the terms and conditions below.

We will find out how they are actually applying this in a month or so!

Just had emails

Great news, it’s now easier to earn £5 cashback with your debit card every month. From the 1 February, we're reducing the number of debit card payments you need to make from 30 to just 20 a month to help you get a little something back from using your Spend & Save Plus account.

Earn £5 cashback every month, including the month you opened your account when you make 20 or more debit card payments each calendar month*.

AmityNeon

35har1old said:

changearound1 said:

From February you only need 20 DC payments per month to get the fiver.

Only on accounts opened at time of new switching incentive per telephone conversation this morning

I also received an email confirming this change for my longstanding Spend & Save account. Yet another case of human error from frontline support staff.

35har1old

AmityNeon said:

35har1old said:

changearound1 said:

From February you only need 20 DC payments per month to get the fiver.

Only on accounts opened at time of new switching incentive per telephone conversation this morning

I also received an email confirming this change for my longstanding Spend & Save account. Yet another case of human error from frontline support staff.

Just received email this morning 

We’ve made things easier.

Great news, it’s now even easier to earn £5 cashback with your debit card every month. From the 1 February, we're reducing the number of debit card payments you need to make from 30 to just 20 a month to help you get a little something back from using your Spend & Save account.

Earn £5 cashback for the first six months, including the month you opened your account when you make 20 or more debit card payments each calendar month*.

Bojax

Excuse me, but what is the "£1 a day topup method" mentioned?

Zaul22

I think it's using Plum to pay money into your saving account with your debit card rather than transfer.

cymruchris

Bojax said:

Excuse me, but what is the "£1 a day topup method" mentioned?

I've set an Amazon account to auto-topup my gift card balance £1 daily. I spend over £30 a month on the platform - so that works for me.