TSB £310 switching offer May 2025

steven141
steven141 Posts: 403 Forumite
100 Posts Name Dropper First Anniversary
edited 19 May at 1:25PM in Budgeting & bank accounts
  • Open a Spend & Save account and complete a full switch
  • Log into the TSB Mobile Banking App
  • Make at least 5 payments using the debit card on your new account
  • If you do this before 19 July 2025, we’ll pay you £100 between 2 and 16 August 2025

Up to £90 in cashback

  • Earn £15 cashback each month for up to 6 months - that’s triple the amount of cashback we normally offer!
  • To qualify for cashback, you’ll need to make 20 or more debit card payments in a calendar month. Pending payments don't count. See how cashback works
  • Cashback will be paid into your account the next calendar month
Choose your reward
To choose your reward in January 2026, complete all the steps for the £100 welcome bonus and make 20 or more debit card payments in December 2025.

Couple on a sunny hotel balcony
£120 towards your next hotel stay
Enjoy a £120 voucher that you can use for a hotel stay abroad or a staycation in the UK. T&Cs and exclusions apply.

Access to activity tickets for 12 months
Get tickets for attractions and venues all across the UK, from watersports in Cornwall to museums in the Scottish Highlands. T&Cs and exclusions apply.
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Comments

  • steven141
    steven141 Posts: 403 Forumite
    100 Posts Name Dropper First Anniversary
    edited 19 May at 1:31PM
    Quidco is offering £22.50 and TopCashback also offering £20 cashback for new customers.
  • steven141
    steven141 Posts: 403 Forumite
    100 Posts Name Dropper First Anniversary
    edited 19 May at 2:08PM
    If you’ve received a TSB switching offer since October 2022, you won’t be eligible for this offer.
                                            

    Thanks forgot to put that part. I'm not eligible again :'(
  • fergie_
    fergie_ Posts: 268 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Am I right in stating that though it requires a 'full switch', there is no requirement to have active direct debits?

    Also for the monthly cash back, its driven by volume of transactions, rather than the value?
  • fergie_
    fergie_ Posts: 268 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    If you’ve received a TSB switching offer since October 2022, you won’t be eligible for this offer.
    It would be nice if HSBC Group reset their dates. I switched in October 2018 and wouldn't mind a First Direct account now, but they still show 01/01/2018 as the cut off date to qualify for incentives.
  • Nasqueron
    Nasqueron Posts: 10,572 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    fergie_ said:
    Am I right in stating that though it requires a 'full switch', there is no requirement to have active direct debits?

    Also for the monthly cash back, its driven by volume of transactions, rather than the value?
    Terms are linked above

    £100 welcome bonus

    • Open a Spend & Save account and complete a full switch
    • Log into the TSB Mobile Banking App
    • Make at least 5 payments using the debit card on your new account
    • If you do this before 19 July 2025, we’ll pay you £100 between 2 and 16 August 2025

    Up to £90 in cashback

    • Earn £15 cashback each month for up to 6 months - that’s triple the amount of cashback we normally offer!
    • To qualify for cashback, you’ll need to make 20 or more debit card payments in a calendar month. Pending payments don't count. See how cashback works
    • Cashback will be paid into your account the next calendar month

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • danny13579
    danny13579 Posts: 600 Forumite
    500 Posts Second Anniversary Name Dropper
    fergie_ said:
    Am I right in stating that though it requires a 'full switch', there is no requirement to have active direct debits?
    If the terms don't mention direct debits (which they don't) then you don't need direct debits.
    fergie_ said:
    Also for the monthly cash back, its driven by volume of transactions, rather than the value?
    Yes.
  • leenumber10
    leenumber10 Posts: 55 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Seems a no brainer to do this one if you can.
  • Bob2000
    Bob2000 Posts: 274 Forumite
    100 Posts Name Dropper Photogenic
    edited 22 May at 2:07PM
    So I've  decided  to go for this particular  switch offer.

     Applied for a second TSB  current account on 18th a Sunday and got confirmation on Monday just waiting for the access code now to go online.

    I have completed the switch form online and had a copy sent via email.

    I just  realized that l put the date for the switch to be completed on 30th May.(Confirmed).

    So will l now only be able to get the £15 per month cashback for 5 months instead of the 6 if l had stated the switch to be completed  in early[INCORRECTLY  PUT APRIL IN ORIGINAL  POST] June??

    I'm not to bothered about all the extra stuff you could get. Just the £100 and the £15 cashback.

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