Barclays and Natwest customers can get instant £190 with bank switch
Major banks' customers, including those of Santander, Natwest, Barclays, Lloyds, HSBC and Nationwide, have the opportunity to switch to TSB and instantly receive £190. However, this offer is only available for two more days.
Bank switching bonuses have become a common strategy used by high street banks to attract customers from their competitors. This is due to many customers remaining with their current accounts, even when better rates are available elsewhere.
Consequently, major banks have intermittently offered bank switching bonuses over the years. Currently, TSB is offering an enticing deal, promising £190 in cash to customers who switch before Tuesday, September 10.
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In this deal, customers switching from any other bank, whether it's HSBC, Halifax or another brand, will receive an upfront payment of £100 simply for making the switch, reports the Express.
Additionally, customers can earn up to £15 cashback each month for the first six months if they use their debit card at least 20 times within that six-month period. There is no minimum spend per use, so even purchasing a packet of chewing gum or a copy of the Daily Express 20 times would qualify customers for up to £15 cashback on spending.
Customers must also set up at least two direct debits, use their card at least once and log into the TSB mobile app before September 27. Following these steps, TSB will pay the money before October 25.
TSB is currently the only bank still offering a switching bonus, so customers interested in taking advantage of a free cash offer for switching need to act quickly within the next 48 hours.