TSB warns customers to act before Friday or lose £190

TSB warns customers to act before Friday or lose £190
-Credit: (Image: Reach Publishing Services Limited)


TSB customers have been urged to take urgent action amid the Cost of Living crisis - or risk losing a free £190 before Christmas. TSB, one of the largest banks and financial institutions in the country, is currently offering a cash incentive for new customers who switch to its Spend & Save or Spend & Save Plus current account.

Customers can earn £100 by making at least five payments and logging into the TSB Mobile Banking app once by September 27 - which is in just four days' time. TSB will then deposit the £100 between October 15, 2024, and October 25, 2024.

Following this, account holders will have the chance to earn between £5 and £15 in cashback each month for the first six months. This means the maximum amount you can receive is up to £90, bringing the total to £190.

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But to earn the monthly cashback, you must make at least 20 debit card payments. New customers who meet the conditions for the £100 payment - and make 20 or more payments using their TSB debit card- will also be offered a free reward in March next year.

Deals include: One night away for two people at participating hotels, Two Odeon cinema tickets each month for three months, or a six-month subscription to Now TV entertainment, the bank - which is rivalled by the likes of Santander, HSBC UK, NatWest, Nationwide, Royal Bank of Scotland, Lloyds Bank and more - said.

Under the terms and conditions, TSB says customers won't be eligible for the cash reward if you've received a switch bonus from TSB since October 2022, and the switch must be finalised within 21 days of request.

New customers can apply via tsb.co.uk, in-branch or through the TSB Mobile Banking app, TSB has gone on to stipulate in its guide.