TSB £200 switch offer July 2023

PixelPound

What do they mean by active DD? On the account I'm switching I've a couple of DD's that go out at the start of each month, so I've set the switch date to a couple of days after. So is it a case of them showing as active as after they've been transferred the next payment won't be until after the 31st Aug deadline.

Two conditions they also say need doing before end of august is online banking and debit card use - so I think once my activation code pops through the door I'll register, transfer some money in and then do a small spend with it.

WillPS

pafpcg said:

eastmidsaver said:

.....
however,  for the next £75,  you need to make 5 debit card payments between Sept 23 and Feb 24.

Just to clarify for anyone new to this thread - the requirement is for five debit card payments per month from 1st September to 28th February - a total of 30 payments.  Plus the other requirements of paying-in £500 per month and having two active direct debits.

You might as well make another 15 debit card payments to get to the £5 monthly cashback in Months 1-6.

wiseonesomeofthetime

WillPS said:

pafpcg said:

eastmidsaver said:

.....
however,  for the next £75,  you need to make 5 debit card payments between Sept 23 and Feb 24.

Just to clarify for anyone new to this thread - the requirement is for five debit card payments per month from 1st September to 28th February - a total of 30 payments.  Plus the other requirements of paying-in £500 per month and having two active direct debits.

You might as well make another 15 debit card payments to get to the £5 monthly cashback in Months 1-6.

Bear in mind that Month 1 commences in the month that you joined and they are calendar months.

This obviously means that anyone opening a TSB Spend & Save account late in the month and wishing to avail themself of the full offer (£30) will have fewer days to squeeze in those 20 card transactions.

I opened mine days ago, so have done a few daily DC deposits to my building society savings accounts and my Revolut account (this one was minimum £10 via Google Pay), and should now be able to meet that 20 target with normal spend between now and end of the month.

pecunianonolet

They mean that the DD must have been set up on the account you switch in and you must have had at least one transaction within the last year e.g. annual magazine subscription. At least this is what I was told when I phoned them but there is in general some confusion with this term.

Does anyone have experience how long it takes for them to merge profiles? Opened another account and they say it will take some time for them to merge with my existing profile but want to make sure I have enough time to make some transactions in July to get the £5 cashback for July

PixelPound

wiseonesomeofthetime said:

WillPS said:

pafpcg said:

eastmidsaver said:

.....
however,  for the next £75,  you need to make 5 debit card payments between Sept 23 and Feb 24.

Just to clarify for anyone new to this thread - the requirement is for five debit card payments per month from 1st September to 28th February - a total of 30 payments.  Plus the other requirements of paying-in £500 per month and having two active direct debits.

You might as well make another 15 debit card payments to get to the £5 monthly cashback in Months 1-6.

Bear in mind that Month 1 commences in the month that you joined and they are calendar months.

This obviously means that anyone opening a TSB Spend & Save account late in the month and wishing to avail themself of the full offer (£30) will have fewer days to squeeze in those 20 card transactions.

I opened mine days ago, so have done a few daily DC deposits to my building society savings accounts and my Revolut account (this one was minimum £10 via Google Pay), and should now be able to meet that 20 target with normal spend between now and end of the month.

Got my card so might put some money in and make some small debit card uses, rather than just wait for the online code. Cheers 

jbrassy

So I understand part of the deal is that if you make 5+ transactions on the debit card between September and February, you'll get an extra £75 cashback. This is a slightly pedantic question, but do these debit card transactions need to be made using the physical card, or can they be made using Apple Pay?

PloughmansLunch

jbrassy said:

So I understand part of the deal is that if you make 5+ transactions on the debit card between September and February, you'll get an extra £75 cashback. This is a slightly pedantic question, but do these debit card transactions need to be made using the physical card, or can they be made using Apple Pay?

Apple Pay is fine, and PayPal is ok too as long it's debited via the card and not the current account.

MikeJXE

PloughmansLunch said:

jbrassy said:

So I understand part of the deal is that if you make 5+ transactions on the debit card between September and February, you'll get an extra £75 cashback. This is a slightly pedantic question, but do these debit card transactions need to be made using the physical card, or can they be made using Apple Pay?

Apple Pay is fine, and PayPal is ok too as long it's debited via the card and not the current account.

Does Apple Pay even know the current account number ?

Stargunner

MikeJXE said:

PloughmansLunch said:

jbrassy said:

So I understand part of the deal is that if you make 5+ transactions on the debit card between September and February, you'll get an extra £75 cashback. This is a slightly pedantic question, but do these debit card transactions need to be made using the physical card, or can they be made using Apple Pay?

Apple Pay is fine, and PayPal is ok too as long it's debited via the card and not the current account.

Does Apple Pay even know the current account number ?

To use Apple Pay you have to link a debit card to it, for it to take the money from.

jbrassy

MikeJXE said:

PloughmansLunch said:

jbrassy said:

So I understand part of the deal is that if you make 5+ transactions on the debit card between September and February, you'll get an extra £75 cashback. This is a slightly pedantic question, but do these debit card transactions need to be made using the physical card, or can they be made using Apple Pay?

Apple Pay is fine, and PayPal is ok too as long it's debited via the card and not the current account.

Does Apple Pay even know the current account number ?

Why would that matter?