TSB free £100 upfront offer to people switching bank accounts set to end tonight

People have just hours left to grab free money from the latest TSB switching offer before it disappears at midnight on September 10. People who switch to a TSB Spend and Save or Spend and Save Plus current account before 23:59 tonight can receive £100 upfront, and £90 - £120 in cashback in the first year of account opening, plus the choice of one of three rewards.

The switch must be completed within 21 days from request. New customers can apply through tsb.co.uk, in branch or in the TSB Mobile Banking app. To receive the £100, customers must make a minimum of five payments (of any value) using their debit card including using Google/Apple pay on their new Spend & Save or Spend & Save Plus account and log into the TSB Mobile Banking app at least once, by September 27.

If these conditions are met, TSB will pay £100 into the new account between October 15 and October 25, 2024.

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Earning triple cashback

For the first six months, TSB is also offering new customers the chance to earn triple cashback, raising the cashback offer from £5 to £15 a month - meaning new customers can earn a total of £90 (£15 will be paid each month).

For Spend and Save Plus, the same cashback is available for the first six months, and it will then revert to £5 cashback a month (customers can receive a total of £120 in the first 12 months). The Spend and Save Plus account comes with a £3 monthly ‘maintaining the account fee’.

To earn the cashback, customers need to complete the switch conditions to meet the £100 incentive first and then make 20 payments (of any value) each month in the first six calendar months the new account is open using their debit card or using Google/Apple pay on their new Spend and Save or Spend and Save Plus account.

Customer reward

New customers who meet the terms for the £100 payment will be offered a free reward if they make 20 or more payments using their new TSB debit card in March 2025. They will receive the award in April 2025.

They can choose from:

• A night away for two at a choice of leading hotels

• Two Odeon cinema tickets every month for 3 months (6 tickets in total)

• A Now TV entertainment 6-month subscription

Commenting on the new switching offer, Carys Barnes, Head of Personal Current Accounts at TSB, said: “This is a great opportunity for new customers to switch to a TSB current account and enjoy some fantastic benefits when they do.”