If you’ve already got a TSB current account and want to change it into a Spend & Save account, here’s how.
Some of the benefits of Spend & Save
£5 cashback
Up to first six months
Savings pots
Hit your savings goals
What happens when I change to a Spend & Save account?
- All your everyday banking will stay the same. You’ll keep the same account number and sort code.
- If you’re changing from a Premier, Platinum, or Gold account, we’ll send you a new debit card.
- Your Direct Debits, Standing Orders, and regular payments will continue unchanged.
- If you have an Arranged Overdraft on your account, it’ll stay in place with the same limit.
How long will it take to change my account?
- Up to 14 days once you’ve submitted the form.
- Your account name will change in Internet Banking and the app, unless you’ve already renamed your account.
- We’ll let you know by email when it’s all done, or if there’s been a problem converting your account.
How to change your account
What type of account are you moving from?
How to change:
If you’re changing from a Select, Silver, Gold, Platinum, or Premier Added Value account to a Spend & Save account, the quickest way is with the account conversion form.
To change your account you'll need:
- A smartphone for completing the form - you’ll need to take a photo
- Your passport or photo driving licence to verify your ID
- Your sort code and account number, which you can find on your statement, bank card, or in online banking.
How does my account compare?
| Account features | Spend & Save | Select | Silver | Gold | Platinum | Premier |
|---|---|---|---|---|---|---|
| TSB contactless Visa debit card | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Grace period - You'll have until 10pm (UK time) to pay in enough money to avoid any arranged overdraft charges you may incur on that day. | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cheque book | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Joint account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Save the Pennies | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Savings Pots | ✓ | X | X | X | X | X |
| Auto Balancer | ✓ | X | X | X | X | X |
| Breakdown Cover | X | ✓ | ✓ | ✓ | ✓ | ✓ |
| Mobile Phone insurance | X | ✓ | ✓ | ✓ | ✓ | ✓ |
| Travel insurance | X | X | ✓ | ✓ | ✓ | ✓ |
| Interest Free Arranged Overdraft | X | ✓ | ✓ | ✓ | ✓ | ✓ |
| Interest on the additional amount is 39.9 EAR for all accounts. | ||||||
We use Docusign for this kind of request. Docusign don't use your data, they simply pass it to us securely. Need to find out more? Read our Data Privacy Notice.
How to change:
If you're changing from Classic Plus or Classic Enhance to a Spend & Save account, the quickest way is with the account conversion form.
Once you’ve submitted your application, it’ll typically take up to 14 days to change to a Spend & Save account. If there’s an issue, or we’re unable to change your account, we’ll let you know by email.
Once we’re done, your new Spend & Save account will appear in Internet Banking or the Mobile App.
We use Docusign for this kind of request. Docusign don't use your data, they simply pass it to us securely. Need to find out more? Read our Data Privacy Notice.
How to change:
If you have a Cash, Classic Essential, Under 19s, Student or Graduate account, you’ll need to book an appointment with us to upgrade to a Spend & Save account.
This can be done over a video call or in branch by booking an appointment at a time that works for you.
We use Docusign for this kind of request. Docusign don't use your data, they simply pass it to us securely. Need to find out more? Read our Data Privacy Notice.
How to change:
If you’re changing from a Select, Silver, Gold, Platinum, or Premier Added Value account to a Spend & Save account, the quickest way is with the account conversion form.
To change your account you'll need:
- A smartphone for completing the form - you’ll need to take a photo
- Your passport or photo driving licence to verify your ID
- Your sort code and account number, which you can find on your statement, bank card, or in online banking.
How does my account compare?
| Account features | Spend & Save | Select | Silver | Gold | Platinum | Premier |
|---|---|---|---|---|---|---|
| TSB contactless Visa debit card | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Grace period - You'll have until 10pm (UK time) to pay in enough money to avoid any arranged overdraft charges you may incur on that day. | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cheque book | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Joint account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Save the Pennies | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Savings Pots | ✓ | X | X | X | X | X |
| Auto Balancer | ✓ | X | X | X | X | X |
| Breakdown Cover | X | ✓ | ✓ | ✓ | ✓ | ✓ |
| Mobile Phone insurance | X | ✓ | ✓ | ✓ | ✓ | ✓ |
| Travel insurance | X | X | ✓ | ✓ | ✓ | ✓ |
| Interest Free Arranged Overdraft | X | ✓ | ✓ | ✓ | ✓ | ✓ |
| Interest on the additional amount is 39.9 EAR for all accounts. | ||||||
We use Docusign for this kind of request. Docusign don't use your data, they simply pass it to us securely. Need to find out more? Read our Data Privacy Notice.
How to change:
If you're changing from Classic Plus or Classic Enhance to a Spend & Save account, the quickest way is with the account conversion form.
Once you’ve submitted your application, it’ll typically take up to 14 days to change to a Spend & Save account. If there’s an issue, or we’re unable to change your account, we’ll let you know by email.
Once we’re done, your new Spend & Save account will appear in Internet Banking or the Mobile App.
We use Docusign for this kind of request. Docusign don't use your data, they simply pass it to us securely. Need to find out more? Read our Data Privacy Notice.
How to change:
If you have a Cash, Classic Essential, Under 19s, Student or Graduate account, you’ll need to book an appointment with us to upgrade to a Spend & Save account.
This can be done over a video call or in branch by booking an appointment at a time that works for you.
We use Docusign for this kind of request. Docusign don't use your data, they simply pass it to us securely. Need to find out more? Read our Data Privacy Notice.
Important information
Any questions?
You will no longer have an interest free overdraft amount on your new Spend and Save account. You will be charged interest on the whole amount of your Arranged Overdraft (if you have one), and all other terms and conditions of the Arranged Overdraft will remain the same. Any outstanding charges on your existing account will be moved to your new Spend & Save account.
Find out more information about our Overdrafts.
If you change to a Spend & Save account, you will lose the insurance benefits from your previous Added Value Account, as well as the Interest Fee Arranged Overdraft amount. Please be aware that TSB no longer sell Added Value Accounts, therefore you will not be able to transfer back at a later date. You should review your insurance arrangements to ensure your insurance needs are covered before changing your account.
Customers moving from Added Value accounts will receive a new TSB contactless debit card. Your existing card will continue to work for 30 days. However, as soon as you use your new card, your old card will stop working.
Customers moving from Classic Plus/Enhance can continue using their existing debit card.
Your existing Direct Debits, standing orders and regular payments will remain in place and unchanged. You don’t have to do anything.
Once we've received your request, we'll convert your existing account to a Spend & Save account within 7 working days. Once this is complete, we'll send a confirmation email to the email address you have registered for TSB Internet Banking. You will also be able to see when your account has been converted to Spend & Save when you login to your Internet Banking account. (However please note that if you have previously re-named your account in Internet Banking, this will remain in place). If we are unable to convert your account for any reason, we'll endeavour to contact you by email.
Your sort code and account number will remain the same. You can find your existing sort code and account number on your bank statement, bank card or through internet banking.
Important information
Account Opening is subject to our assessment of your circumstances. You must be 18 or over and a UK resident to apply. Interest paid monthly. Overdrafts are subject to application and approval and are repayable on demand. Text alerts are free but your mobile operator may charge for some services. Please check with them. We don’t charge for your use of Mobile Banking but your mobile operator may charge for some services, please check with them. Mobile Banking is available on most internet enabled mobile devices. Services may be affected by phone signal and functionality. You must be registered for Internet Banking. Terms and conditions apply.
*AER (variable) means Annual Equivalent Rate. AER (variable) illustrates what your interest rate would be if interest was paid and compounded each year. Gross rate is the contractual rate of interest payable before the deduction of income tax.
EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.
The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.
