It's now a single £150 switch incentive after 2 months plus double cashback up to £60 for debit card transactions during the first 6 months (i.e. £10 x 6).
If you open an account but don't meet the switch incentive terms & conditions then only the previous £30 debit card cashback applies (i.e. £5 x 6).
The ineligibility window for existing customers is only 1 year (excludes customers that have received previous incentives since 1 October 2022).
https://www.tsb.co.uk/current-accounts/ ... e-account/
Switch your current account and get up to £210.
The terms of this offer start on 18 September 2023 and will last until the offer is withdrawn by us.
£150 switch incentive
To qualify for the £150 switch incentive you must do all of the following:
Between 18 September 2023 and before the offer is withdrawn by us you must:
* Apply for a new TSB Spend & Save or Spend & Save Plus account through tsb.co.uk, the TSB Mobile Banking App or in Branches.
By 31 October 2023 you must do all of the following:
* Complete a full switch to your new TSB Spend & Save or Spend & Save Plus account using the Current Account Switch Service. A full switch means you need to transfer all active credits and debits from your old account (not held with TSB) and close it.
* Make a minimum of one payment using the debit card on your new Spend & Save or Spend & Save Plus account.
* Log into the TSB Mobile Banking App at least once.
* Have a minimum of 2 active Direct Debits on your new Spend & Save or Spend & Save Plus account.
If you’ve done all these things, we’ll pay £150 into your new Spend & Save or Spend & Save Plus account by 30 November 2023.
Up to £60 double cashback
To be eligible for the double cashback, you must first complete the switch incentive conditions above and then:
* Make 20 or more payments using your debit card each calendar month to earn £5 cashback. For the first six calendar months (including the month your account is opened), if you meet the required number of transactions, we will double the cashback. This will appear as two £5 payments on your transactions and may occur on different dates.
For full terms on cashback and how it works please see our cashback terms and conditions.
* Your account must be open when we pay the switch incentive and the cashback. We won’t pay incentives or cashback after the account is closed, even if you’d already qualified for the payment.
* If you’ve received an incentive or benefit for switching to TSB Bank plc using the Current Account Switch Service since 1 October 2022, you’re not eligible for this offer.
* You can only benefit from this offer once. We won’t pay cashback again if you open a second account, either in your own name or in joint names.
* Only one payment will be made to an account, so if you later make it into a joint account and another party switches in, no cashback will be paid.
* If you have applied for a Spend & Save or Spend & Save Plus and we then withdraw the offer before your account is open, you’ll still be eligible for the cashback as long as you meet the eligibility criteria outlined above.
* TSB have the right to withdraw, alter or replace the offer at any time without notice.
https://www.tsb.co.uk/tsb-current-accou ... tions5.pdf