TSB £200 switch offer July 2023

jbrassy

hoggle2802 said:

Does switching bank accounts impact credit rating? Wondering how often we can change to scoop up these new customer offers.

Also when the deal requires "moving an account to them" does that mean the older account is autoclosed? 

Ty

It depends on the bank. Some do hard searches and some don't. I think can also depend on whether you apply for an overdraft or not. If you want an overdraft there will be a hard search. If you don't, it may just be a soft search. 

When you switch your account using the current account switch service (as required by TSB's T&Cs), the old account will close. 

overspender22

Had a tsb account from 2015/6 times and last October when their first offer came out I opened a new account and the profiles are still split. Anyone had a tsb offer twice? Im wondering if it will create a third profile if I try….

kuepper

jbrassy said:

If anyone is needing to set up direct debits for this switch offer, UNICEF and the Childhood Trust let you set up £1 a month direct debits.
https://www.childhoodtrust.org.uk/
https://www.unicef.org/

so do https://www.amnesty.org.uk/

kuepper

Can you open the TSB account first then switch to it later or do you have to switch as part of the process of opening the TSB account?

pecunianonolet

kuepper said:

Can you open the TSB account first then switch to it later or do you have to switch as part of the process of opening the TSB account?

Switch and get up to £200*

That's not peanuts! Open one of our Spend & Save current accounts between 10 July 2023 and before the offer is withdrawn, switch in your existing account by 31 August 2023 and we'll give you £125. Stay until 28 February 2024 for a further £75.

So yes, you can open the account and need to initiate the switch by 31 August. Gives you plenty of time to set up or move any DD in case the account you switch doesn't have any set up.

tg99

Assuming you apply for the switch later after having already opened the tsb account, anyone know if you can still do the switch online or is a telephone call or even a branch visit needed? 

wiseonesomeofthetime

Pretty sure there was a Switch Now page on their website.

Following the promotion links.

clivep

pecunianonolet said:

kuepper said:

Can you open the TSB account first then switch to it later or do you have to switch as part of the process of opening the TSB account?

Switch and get up to £200*

That's not peanuts! Open one of our Spend & Save current accounts between 10 July 2023 and before the offer is withdrawn, switch in your existing account by 31 August 2023 and we'll give you £125. Stay until 28 February 2024 for a further £75.

So yes, you can open the account and need to initiate the switch by 31 August. Gives you plenty of time to set up or move any DD in case the account you switch doesn't have any set up.

It doesn't say to initiate a switch by 31 August. Doesn't "switch in your existing account by 31 August 2023" mean that the switch needs to be completed by 31 August?

T's & C's state "By 31 August 2023 you must do all of the following:
2. complete a full switch to your new TSB Spend & Save or Spend & Save Plus account using the Current Account Switch Service".

pecunianonolet

clivep said:

pecunianonolet said:

kuepper said:

Can you open the TSB account first then switch to it later or do you have to switch as part of the process of opening the TSB account?

Switch and get up to £200*

That's not peanuts! Open one of our Spend & Save current accounts between 10 July 2023 and before the offer is withdrawn, switch in your existing account by 31 August 2023 and we'll give you £125. Stay until 28 February 2024 for a further £75.

So yes, you can open the account and need to initiate the switch by 31 August. Gives you plenty of time to set up or move any DD in case the account you switch doesn't have any set up.

It doesn't say to initiate a switch by 31 August. Doesn't "switch in your existing account by 31 August 2023" mean that the switch needs to be completed by 31 August?

T's & C's state "By 31 August 2023 you must do all of the following:
2. complete a full switch to your new TSB Spend & Save or Spend & Save Plus account using the Current Account Switch Service".

My interpretation would be that a switch needs to be set in motion by 31st not completed. I might be wrong so either make sure it is done and dusted before or call the hotline and clarify should a few days make a difference to your case. A switch takes 7 days so would apply by 24th August latest. Plenty of time in my opinion.

wiseonesomeofthetime

pecunianonolet said:

My interpretation would be that a switch needs to be set in motion by 31st not completed. I might be wrong so either make sure it is done and dusted before or call the hotline and clarify should a few days make a difference to your case. A switch takes 7 days so would apply by 24th August latest. Plenty of time in my opinion.

Tell (un)Co-operative Bank that!!!