TSB bank switch deal: August to September 2024

Find out how to get up to £190, plus an extra reward if you switch and stick.

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TSB switch deal update

TSB’s £190 switching offer has now ended. The information below is for reference only. For switching deals & sign-up bonus offers available now, make sure to check out our switching deals guide and sign-up bonus deals guide.

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A huge £190 switching deal has just launched from TSB. The deal comes in 2 parts, so you’ll get the first £100 for switching, then £15 cashback a month for 6 months – plus an additional reward for sticking with the account. Here’s how to get the money and what rewards are in store for you. For a full list of switching deals on the market, you can visit our switching deals guide.

How much can I get with TSB’s switch deal?

TSB’s switching offer comes in 3 parts.

  • Step 1. You can get £100 when you complete a full switch to either a Spend & Save or Spend & Save Plus account and meet the eligibility criteria listed below.
  • Step 2. You stand to earn triple cashback up to £90 if you meet the criteria in step 1 and make at least 20 debit card payments each month.
  • Step 3. If you keep your TSB account until April 2025, complete step 1 and make 20 debit card payments in March 2025, you’ll get a reward. This comes in the form of a hotel stay for 2, Odeon cinema tickets for 3 months (6 tickets in total) or a NOW Entertainment membership for 6 months.

With either the Spend & Save account or Spend & Save Plus account, you’ll get 2.92% AER on Savings Pots and access to the TSB Monthly Saver at 6%. If you deposit £1,000 into a Savings Pot and save the maximum amount of £250 a month into the Monthly Saver, you stand to earn £29.20 and £99.32 in interest respectively. Bear in mind, the Spend & Save Plus account comes with a £3 monthly fee.

Compare TSB’s current accounts

1 - 2 of 2
Updated daily
Name Product UKFSA-CUR Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
Spend & Save Account
Finder Award
CASHBACK
Spend & Save
4.3
★★★★★
£0
No minimum funding requirement
0% AER
39.9% EAR variable
Earn £5 cashback a month for 6 months when making 20 or more debit card payments each month. T&Cs apply.
Current account switch service guarantee badgeIf you use an arranged overdraft of £1,200, you'll be charged interest at 39.9% EAR variable/APR representative.
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View details
Spend & Save Plus Account
Finder Award
CASHBACK
Spend & Save Plus
4.5
★★★★★
£3 per month
No minimum funding requirement
0% AER
N/A
Earn £5 cashback every month when you make 20 debit card payments each calendar month. T&Cs apply.
Current account switch service guarantee badge Account fee of £3 per month.
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View details
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Who can get the deal?

Only new TSB customers can get it and you can only benefit from these offers once. So there isn’t a way to get triple cashback again if you open a second account either in your name or in joint names.

You can’t qualify if you’ve received an incentive or benefit for switching to TSB Bank since 1 October 2022.

How can I get the deal?

Requirements to get the £100 switching bonus

  • Apply for a new TSB Spend & Save account or Spend & Save Plus account.
  • Submit a full switch request using the Current Account Switch Service.
  • Make a minimum of 5 payments using your debit card by 27 September 2024.
  • Log into the TSB Mobile Banking App at least once by 27 September 2024.

Requirements to get the triple cashback – up to £90

  • Complete all of the £100 switch incentive conditions.
  • Make 20 or more payments per month using your debit card in the first 6 months of opening your account.

Requirements to get the TSB Partnership Reward in April 2025

  • Complete all of the £100 switch incentive conditions.
  • In March 2025, make 20 or more payments using your debit card.

When the offer ends

There’s no end date listed on the TSB site, but it may be withdrawn at any time.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.

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Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio

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Kate has written 178 Finder guides across topics including:
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