Spend & Save account

Key features

  • Free banking - no charge for everyday transactions when you're in credit.
  • Optional arranged overdraft for short term borrowing, subject to eligibility and affordability.
  • Cashback Earn £5 Cashback for the first six months, including the month you open your account. You just need to make 30 payments or more on your debit card each calendar month.*
  • Savings Pots help you put money aside for things that really matter to you. So you can set up individual Savings Pots and earn interest along the way, set yourself goals and track how your Savings Pots are growing.
  • Save the Pennies automatically rounds up every debit card payment you make to the nearest pound. All those spare pennies go into your Savings Pot or any other eligible TSB savings account you’ve set up.
  • Auto Balancer lets you choose a minimum balance limit on your Spend & Save account. If your balance falls below that, we’ll automatically move money from your chosen Savings Pot to top it up. So, when you’re hit by unexpected costs you’re less likely to slip into an overdraft.

You'll need the latest version of our Mobile Banking App to take advantage of our new features, Savings Pots and Auto Balancer.

*You are eligible for Cashback if you open a new Spend & Save account, which includes changing an existing TSB account, other than a Classic account, to a Spend & Save account. See Cashback terms and conditions.

Internet Banking

The quick and easy way to control your money. Pay bills, check balances, transfer money between accounts, set up and cancel standing orders, view and cancel Direct Debits and more.

Get started with Internet Banking

Mobile Banking

Make it easier to manage your money on the go. It means you can do your banking on the move from most Internet-enabled mobile devices - either using our app or via your mobile device's browser.

Get started with Mobile Banking

Telephone Banking

You can call our automated Telephone Banking service on 03459 758 758.

Use this quick service to:

  • check your balance and recent transactions
  • pay your bills
  • transfer money
  • check your Direct Debits or standing orders

And you can also speak to one of our advisers if you have a more complex query.

About Telephone Banking

These services are available if you are over 16.

Your TSB Visa debit card is an amazing piece of plastic. Accepted in millions of places and cash machines worldwide, it's incredibly convenient. It's just as safe to use abroad as at home, so it's a simple alternative to carrying cash.

More about the Visa debit card

With our Spend & Save Account you can benefit from an arranged overdraft (subject to application and approval) which can come in handy with unexpected bills.

Overdrafts are repayable on demand.

We want to help you put money aside for the things that really matter to you. So as part of your new account, you can set up individual Savings Pots with names like ‘Holiday Fund’ or ‘New Trainers’. 

You can also earn interest along the way, set yourself goals and track how your Savings Pots are growing.

For the first six months, including the month you open your account, you can earn £5 Cashback every month. Your everyday banking could soon add up.

You just need to make 30 payments or more on your debit card each calendar month. Terms and conditions apply.

Activating Auto Balancer lets you choose a minimum balance limit on your Spend & Save account.

If your balance falls below that, we will automatically move money from your chosen Savings Pot to top it up, as long as there’s enough money in there.

So if you’re hit by unexpected costs, you’re less likely to slip into an overdraft. Simply add your Savings Pot on your account and set up Auto Balancer through our mobile app.

If your account goes over its limit, our Grace Period means that you have until 10pm (UK Time) to pay in enough money to avoid any Overdraft interest you may incur that day.

This is a simple everyday way to save for the things you want. Add Save the Pennies on to your account and every debit card payment you make is rounded up to the nearest pound. All those spare pennies go straight into your Savings Pot or any other eligible TSB savings account you’ve set up. So even when you’re spending, you’re putting a little bit aside too.

You can set this up easily on our mobile app, Internet Banking or in branch.

Find out more about Save the Pennies

If you'd like to have one, we'll give you a TSB cheque book as well.

A joint account is simply a bank account in the name of two or more people. You can either convert your existing bank account into a joint account by adding someone else to it, or open a new account in two people's names.

Benefits

  • Convenient way to share outgoings like shopping, bills, mortgage or rent payments

  • You'll both get your own Visa debit card for payments and cash

  • You can still keep your own current account and open an additional TSB joint account, and move money between the two accounts easily

Important things to remember

Along with the benefits of opening a joint account, there are also extra responsibilities. Here are a few things to consider:

  • Each person can make withdrawals, use cash machines or apply for an overdraft without needing the other's approval

Apply for a joint account

You can open a joint account or add someone to your existing account at your nearest branch. You'll both need to go into a branch so that you can provide identification in person.

Eligibility

  • You must be 18 or over and a UK resident to apply
  • You can choose to switch your banking to us when you apply for a Spend & Save account, or any time after you've opened it - we guarantee switching will take just 7 working days.

There may be lots of different reasons you might need to bank with us differently, either in the short term, or on a continuing basis. It could be because of your physical or mental wellbeing, or because of a life event you’ve experienced. Whatever the reason, we are committed to tailoring our support to your personal needs.

If you choose to tell us about your individual support needs, we will take the time to understand your circumstances and work with you to make sure you have the support you need when banking with TSB. We can add a Support Indicator to your account, which means whenever you talk to us, we'll be aware that you may need tailored support.

How to apply

Apply online today
 

Are you a non-UK EU resident?

 

Switching is easy

We guarantee switching your current account to us will only take seven days.

  1. Choose to switch to us when you apply, or any time after
  2. Your finances are kept in one place keeping your life organised
  3. We will move all your incoming and outgoing payments for you such as your salary, Direct Debits and standing orders
 
Switch Guarantee
 
 
 
 

Financial Services Compensation Scheme

FSCS


 
Visit fscs.org.uk to find out more
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