TSB £160 + other perk switch offer 23/5/24-24/6/24

WillPS

kuepper said:

So existing TSB spend and save customers can't benefit from switching another account elsewhere to the existing one?

No, but they can open a new account and benefit (if they haven't already had a switching bonus).

WillPS

Nasqueron said:

Least these and Nationwide aren't being unrealistic on time frames (unlike HSBC/First Direct!) - TSB and Nationwide I did a year or two ago but suggests next year I might be able to do them again

What suggests that, sorry? Prior to 2022 TSB's last switch offer was in 2015. The date has never changed as long as they've stipulated one.

Nationwide had never run a (non-referral) switching bonus before 2021. Again, the date has never changed as long as they've stipulated one.

To all intents and purposes these are both 'once only' stipulations as things stand.

danco

Note that you have to make 20+ debit card payments a month to qualify for the cashback, and this includes the month in which the account is opened (see detailed T&Cs). I reckon it would be difficult to fulfill that condition if you opened the account now.

danny13579

danco said:

Note that you have to make 20+ debit card payments a month to qualify for the cashback, and this includes the month in which the account is opened (see detailed T&Cs). I reckon it would be difficult to fulfill that condition if you opened the account now.

Difficult but not impossible. You could open account today, purchase 20 x £1 Amazon gift cards or top-ups. These usually take 2 working days to process by TSB so should be processed on 29th May. I have found most transactions done on the TSB card process in 2 working days but some have taken 4.

[EDIT]: Debit card probably won't arrive until end of May (it doesn't show in app) and transactions take at least 2 working days to process so it probably is impossible if you open the account today to get cashback for May.

Easier to leave opening the account until early June if you want some breathing space to get your double cashback.

danco

I'm reckoning on opening the account early June, Thanks for the thought of gift cards, which I shall use.

WillPS

danny13579 said:

danco said:

Note that you have to make 20+ debit card payments a month to qualify for the cashback, and this includes the month in which the account is opened (see detailed T&Cs). I reckon it would be difficult to fulfill that condition if you opened the account now.

Difficult but not impossible. You could open account today, purchase 20 x £1 Amazon gift cards or top-ups. These usually take 2 working days to process by TSB so should be processed on 29th May. I have found most transactions done on the TSB card process in 2 working days but some have taken 4.

Easier to leave opening the account until early June if you want some breathing space to get your double cashback.

How will you pay for amazon top ups without the debit card?

danny13579

WillPS said:

danny13579 said:

danco said:

Note that you have to make 20+ debit card payments a month to qualify for the cashback, and this includes the month in which the account is opened (see detailed T&Cs). I reckon it would be difficult to fulfill that condition if you opened the account now.

Difficult but not impossible. You could open account today, purchase 20 x £1 Amazon gift cards or top-ups. These usually take 2 working days to process by TSB so should be processed on 29th May. I have found most transactions done on the TSB card process in 2 working days but some have taken 4.

Easier to leave opening the account until early June if you want some breathing space to get your double cashback.

How will you pay for amazon top ups without the debit card?

Oops!  I forgot TSB don't show the debit card details in the app. 

Best wait until June if you want to get all 6 months double cashback.

OldManLogan

Does anyone know if you can still qualify for the bonus if you've had a switch bonus from Lloyds bank since 1st Oct 2022? Just as they are in the same banking group and I know that has excluded others in the past, thanks

WillPS

OldManLogan said:

Does anyone know if you can still qualify for the bonus if you've had a switch bonus from Lloyds bank since 1st Oct 2022? Just as they are lin the same banking group and I know that has excluded others in the past, thanks

TSB is not part of LBG. Hasn't been for over a decade.

OldManLogan

WillPS said:

OldManLogan said:

Does anyone know if you can still qualify for the bonus if you've had a switch bonus from Lloyds bank since 1st Oct 2022? Just as they are lin the same banking group and I know that has excluded others in the past, thanks

TSB is not part of LBG. Hasn't been for over a decade.

Thank you, I wasn't aware of that, should be all good to go for the offer then