TSB £190 + Freebie Switching Offer 21/7/25-8/9/25

Bridlington1

TSB have launched a new switching offer (thanks @lon_don for bringing this to my attention in another thread).

Offer consists of 3 parts:

£100 for switching in:

• 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 22 September 2025, TSB’ll pay you £100 between 6 and 12 October 2025

£90 Casback

• Earn £15 cashback each month for up to 6 months
• 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

Freebie:
If you’ve completed all the steps for the £100 welcome bonus and make 20 or more debit card payments in February 2026, you’ll be able to choose one of these rewards in March 2026:

• £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.

Note, if you’ve received an incentive or benefit for switching to TSB Bank plc using the Current Account Switch Service since 1 October 2022, you’re not eligible for these offers.

It's also worth noting you can get an extra £22.50 on top if you open a Spend & Save account via Quidco. See:
https://www.quidco.com/merchant/tsb-spend-save-current-account/

You can get an extra £40 on top if you open a Spend & Save Plus account and £20 if you open a Spend & Save account via Top Cashback. See:
https://www.topcashback.co.uk/tsb-spend-and-save-account

For a list of savings/investment accounts that allow deposits by debit card see:
https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1


Full offer Ts&Cs:
https://www.tsb.co.uk/current-accounts/switching-bank-account.html#offer

For future reference Ts&Cs have been archived to the wayback machine:
https://web.archive.org/web/20250721125931/https://www.tsb.co.uk/current-accounts/switching-bank-account.html#offer

wmb194

"If you've received an incentive or benefit for switching to TSB Bank plc using the Current Account Switch Service since 1 October 2022, you're not eligible for these offers."

danny13579

Bridlington1 said:

It's also worth noting you can get an extra £30 on top if you open a Spend & Save account via Quidco. See:
https://www.quidco.com/merchant/tsb-spend-save-current-account/

It's only £30 when you're logged out, after logging in it reduces to £22.50 (well for me it does).

Spend & Save Plus is advertised at £40 cashback, but after logging in it reduces to £30.

Top Cashback are offering £20 for Spend & Save and £40 for Spend & Save Plus (same rates when logged out or in).

According to the terms, both the Spend & Save account and Spend & Save Plus account are eligible for this switch offer.

Col2018

If I qualify for the £120 towards my next hotel stay can I split this £120 across different nights/hotels or  do I need to use it on 1 stay/night in a hotel? 

grichmond99

Hello, just wanted to check if anyone has done this switch without transferring over any direct debits. It does not mention the requirement to move direct debits (like most other bank switch offers e.g. 2+ active direct debits). Does anyone know if this can be done without any direct debits on the old account? Thanks

grichmond99

@Bridlington1 any info on the above greatly appreciated thanks 

Lens

grichmond99 said:

Hello, just wanted to check if anyone has done this switch without transferring over any direct debits. It does not mention the requirement to move direct debits (like most other bank switch offers e.g. 2+ active direct debits). Does anyone know if this can be done without any direct debits on the old account? Thanks

Yes I successfully completed the previous incarnation of this switch without any direct debits and the terms and conditions exactly the same. 

danny13579

grichmond99 said:

Hello, just wanted to check if anyone has done this switch without transferring over any direct debits. It does not mention the requirement to move direct debits (like most other bank switch offers e.g. 2+ active direct debits). Does anyone know if this can be done without any direct debits on the old account? Thanks

TSB don't require direct debits. Just follow the terms and you'll be fine.

grichmond99

Lens said:

grichmond99 said:

Hello, just wanted to check if anyone has done this switch without transferring over any direct debits. It does not mention the requirement to move direct debits (like most other bank switch offers e.g. 2+ active direct debits). Does anyone know if this can be done without any direct debits on the old account? Thanks

Yes I successfully completed the previous incarnation of this switch without any direct debits and the terms and conditions exactly the same. 

Thanks a lot