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TSB Switch

I have just switched to TSB. In order to receive the switch payment do I need to use my debit card for a number of transactions or is that just to get the monthly bonus?
Thanks 

Comments

  • WillPS
    WillPS Posts: 5,071 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    edited 2 March at 11:29AM
    I have just switched to TSB. In order to receive the switch payment do I need to use my debit card for a number of transactions or is that just to get the monthly bonus?
    Thanks 
    https://www.tsb.co.uk/current-accounts/switching-bank-account.html#accordion-dfb8fbd43f-item-056a92a792

    1 - To qualify for the £100 Switch Incentive you must:

    • Apply for a new TSB Spend & Save account or Spend & Save Plus account between 22 January and 27 February 2025
    •  By 3 March 2025, submit a full switch request via tsb.co.uk or in branch to your new TSB Spend & Save account or Spend & Save Plus account using the Current Account Switch Service

    And by 14 March 2025, you need to:

    • Log into the TSB Mobile Banking App at least once
    • Make a minimum of 5 debit card payments (of any value) using the debit card on your new account
    • Once you've done all of this, we'll pay your £100 bonus between 28 March and 11 April 2025.

    2 - To earn up to £60 cashback:

    • To qualify for cashback, make at least 20 debit card payments each calendar month. We’ll count payments based on when the money is taken from your account, which is usually within 5 working days from the day you make the transaction but can be longer.  Check when payments leave your account by looking at your transactions online or your statement.
    • If you’ve switched and met the criteria in section 1 above, for the first 6 months we’ll double your cashback to £10 a month, provided you make 20 debit card payments each month.

    3 - Choose 1 of 3 rewards:

    • Complete section 1 and make 20 debit card payments in August 2025 to choose your reward in September 2025:
      • A night away for two at a choice of hotels including Mercure
      • 2 ODEON cinema tickets each month for 3 months (6 tickets in total)
      • NOW Entertainment Membership for 6 months.

    ^^ so yes, at the very least you need to make 5 debit card payments by March 14th to get the £100.
  • Archergirl
    Archergirl Posts: 1,840 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks for taking the trouble to find it for me, I thought I read that but then I couldn't remember lol...
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