TSB Bank issues 4-day warning to claim up to £220 free cash | Personal Finance | Finance
TSB Bank has announced its current account switch deal, worth up to £220, will be pulled from the market in a matter of days.
Britons now have until 11.59pm on Tuesday, September 10, to snap up the deal, which is available to eligible Britons who complete a full switch request using the Current Account Switch Service.
Customers must be switching to a TSB Spend and Save or Spend and Save Plus current account, and the full switch must be completed within 21 days from the request.
Eligible switchers will receive a £100 reward upfront, and cashback worth between £90 and £120 in the first year of opening, depending on the account chosen. On top of this, people can choose one of three rewards.
How to get the TSB bank switch deal
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 and Save or Spend and Save Plus account.
The must also 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, 2024 and October 25, 2024.
How to earn TSB cashback
For the first six months, TSB is offering new customers triple cashback, increasing the monthly cashback from £5 to £15. This means new customers can earn up to £90 over six months (£15 each month).
For the Spend and Save Plus account, the same £15 monthly cashback applies for the first six months, before returning to £5 a month. In total, customers can earn up to £120 in the first year with this account.
It should be noted that the Spend and Save Plus account has a £3 monthly fee to maintain the account.
To get the cashback, customers need to complete the switch to qualify for the £100 bonus and then make 20 payments (of any value) each month for the first six months. Payments can be made with their debit card or through Google/Apple Pay using their Spend and Save or Spend and Save Plus account.
New customers who meet the terms for the £100 payment will then be offered a free reward if they make 20 or more payments using their new TSB debit card in March 2025. They can choose from:
