TSB £160 switching offer starting 22/01/2025

steven141

What’s in the switcher offer?

Step 1

£100 switcher bonus

• Complete a full switch request when you open an account with us
• Log into the TSB Mobile Banking App
• Make at least 5 payments using the debit card on your new account
• If you do all of this before 14 March 2025, we’ll pay your £100 bonus between 28 March and 11 April 2025

Step 2

Up to £60 cashback

• If you complete Step 1, you can earn £10 cashback each month for the first 6 months - that’s double the cashback we normally offer!
• To qualify for cashback, make at least 20 debit card payments each calendar month
• Any cashback earned will be automatically paid into your account the next calendar month

Step 3

Choose a treat for staying

Complete Step 1 and make 20 debit card payments in August 2025 to choose your treat in September 2025:

• A night away for two at a wide range of hotels including Mercure, booked through Take Time
• 2 ODEON cinema tickets each month for 3 months
• NOW Entertainment Membershipfor 6 months

steven141

https://www.tsb.co.uk/content/dam/tsb-public/documents/current-accounts/switcher-offers/tsb-current-account-switch-offer-terms-and-conditions9.pdf

winkowinko

I'm fairly new to the switching game, although have completed 2 in the last 3 months (First Direct and Nationwide)

Would it be unwise to go for a 3rd in such a short space of time? Mortgage renewal is about 16 months away.

First impressions are that £160 is a bit lower than previous, and the 6 x £10 would require me to use the card pretty much like my usual current account (x20 payments per month). So whilst not ideal, I would just need to get used to using the TSB card instead.

The choice of an additional bonus in September from the 3 listed seems pretty decent though.

steven141

If your application is in 16 months it shouldn’t affect it. They normally say don’t make any new applications 3-6 months before a big application. Also avoid applying for any unwanted overdraft and you should be as fine as if you never applied for the account. 

It’s worthwhile if you switch to using your debit card to them until you make 20 transactions. I’m not eligible for this as I noticed that it was early 2023 I got a bonus. I got a bit excited when I saw the new offer

sheffieldeagle

!!!!!! my last switch was 26/10/2022!

eschaton

I don’t think I’ll go beyond the £100 but might do this for a very short stay. Thanks OP. 

I messed up my last switch with them so didn’t qualify for the payment. I’ve probably done well over 20 switches and that was the first one I got wrong. 

To be fair, I had another 2 on the go at the same time. 

eschaton

Just to avoid making a mess of it again. 

Do you need to use the actual debit card or is Apple Pay ok?

Edit:  Just read offer and you can. 

pecunianonolet

Not eligible for the switch offer but would one still get the 6 x 10 monthly double cashback on a new account?

winkowinko

I have applied, and initiated the switch. Probably about 20 mins work in total.

Now I just need to make 125 debit card payments over the next 6 months or so 

Nebulous2

I've avoided TSB switches, mainly due to the 20 transactions. I don't have many options left however.

I'm sure I don't make 20 debit card transactions in a month in total, and I've other accounts I need to use to maintain rewards on them - spending £500 on Halifax for instance. 

Rudyson

Nebulous2 said:

I've avoided TSB switches, mainly due to the 20 transactions. I don't have many options left however.

I'm sure I don't make 20 debit card transactions in a month in total, and I've other accounts I need to use to maintain rewards on them - spending £500 on Halifax for instance. 

You'll still get £100 for switching, needing only 5 DC payments.