Take advantage of up to £310 in cash and rewards when you switch to a Spend & Save Plus bank account.
No fees abroad
On this account’s debit card
TSB doesn’t charge fees for withdrawals or debit card payments when abroad.
£5 cashback
Every month
Make 20 or more debit card payments in a calendar month. Payments can’t be ‘pending’.
See how cashback works.
Arranged overdraft
First £100 interest-free
40.10% APR Representative (variable). Subject to application and approval, repayable on demand.
My TSB Rewards
Discounts on top brands
Get access to My TSB Rewards for loads of everyday offers and savings.
5 Savings Pots
Keep your money organised
Create up to 5 pots, to organise your savings. Earn 1.70% AER with a fixed introductory bonus of 0.50% AER for the first 12 months.
5.00% interest
With a Monthly Saver.
5.00% Gross/AER fixed for 12 months when you save £25 to £250 each month.
The app gives you smart saving features and extra security
- Fast and secure login with your face or fingerprint
- Round up your spare change with Save the Pennies
- Organise your savings with Savings Pots
- Have full control of your digital or physical cards
Open an account in 15 minutes
To get started, you’ll need:
Your personal details and contact information
A valid passport or full driving licence – not provisional – to confirm your age and identity.
A UK residency permit if you need proof that you’re a UK resident
If you’d rather apply in branch or over the phone you can book an appointment.
Here's the details
How to switch to TSB
- First, make sure your current bank account is part of the Current Account Switching Service
- If you haven’t already, open the TSB current account you want
- When you have a TSB account, simply complete the switcher form to get started
- That's all you need to do - we'll let you know when your switching request is approved
How does the switching process work?
TSB is part of the Current Account Switching Service Guarantee. We guarantee switching your bank account to us will only take seven working days.
- Choose to switch to us when you apply, or any time after
- We will move all your incoming and outgoing payments into your new account
- In the unlikely event there are any hiccups, well refund any interest and charges on your old or new current accounts.
With Spend & Save you can earn £5 cashback up to the first six months:
- Make 20 payments or more on your debit card each calendar month
- If you open the account towards the end of the month. You’ll still need to make 20 transactions before the end of that same month in order to qualify for the cashback
- Make sure the payments clear before the end of the month as we only count payments based on the date the money is taken from your account
- Payments can take up to 5 days to clear, but sometimes can be longer
- Pending transactions (EG payments that haven’t cleared) don’t count
- Payments that count towards cashback are debit card payments, online payments and mail order purchases, as well as in-store purchases (including contactless, Apple Pay, Google Pay, Samsung Pay)
- ATM withdrawals and Direct Debits don’t count
With Spend & Save Plus you can keep earning £5 cashback each month until you close the account, change to another TSB account or TSB withdraws the offer.
You can tell when money is taken from your account by looking at your transactions online or on your statement. Payments that have not cleared in the calendar month will not count.
To find out more information on how to earn cashback on your Spend & Save, visit our cashback information page
Bank account FAQs
Some existing TSB current accounts can be converted while keeping the same account number and sort code, and in some cases, the same debit card. Here's how to do it:
You can switch between Spend & Save and Spend & Save Plus accounts by logging into Internet Banking, by visiting us in branch or by video appointment.
If you have a Classic Plus or Classic Enhance you can convert it to a Spend & Save account using this online form or by visiting us in branch. Or you can convert to our Spend & Save Plus account in branch.
If you have a Cash account or a Classic Essentials account you may be able to change to a Spend & Save or a Spend & Save Plus account. You'll need to make an appointment at a branch and they'll take you through the process.
If you have an Added Value account, you can convert it to a Spend & Save account using this online form or by visiting us in branch. Or you can convert to our Spend & Save Plus account in branch.
If you have an Under 19 account your account will be converted to a Student account in the year of your 19th birthday. We'll write to you before making any changes to your account. If you choose not to continue with your studies, you'll be able to opt out of converting to a Student account and your account will become a Spend & Save account instead.
If you have a Student account we'll convert your account to a Graduate account when you're no longer eligible for a Student account. We'll do this if you graduate from your course, or after a maximum of six years, unless you make a different arrangement with us. If you're not eligible for a Graduate account, we'll convert your account to a Spend & Save account. We'll tell you in writing two months before we change your account type. Once your account is converted, the benefits connected with your Student account will stop.
If you have a Graduate account, you can have a Graduate account for up to three years. Around the third anniversary of your graduation, we'll convert it to a Spend & Save account. We'll tell you in writing two months before we do this. Once your account is converted, the benefits connected with the Graduate account will stop.
We use Docusign for this kind of request. Docusign will pass the information you provide to us in a secure manner and won't process it in any other way. Information on how we use your data can be found in our Data Privacy Notice.
You can now:
- Login using your fingerprint (if you have this feature on your phone)
- Apply for an eSavings account
- Apply for and manage your overdraft
- Set up and manage your standing orders
- Cancel your Direct Debits
- Use our currency converter to work out how much buying foreign currency could cost you and how much you’ll pay to use your card abroad
- Book an appointment with a mortgage advisor
This is all in addition to the usual stuff, like checking your balance and past transactions, making quick payments and transfers, and finding your nearest TSB branches.
If you go overdrawn without arranging it, or you go over your agreed limit, you'll be charged interest on the overdrawn balance. You'll continue to be charged interest until you repay the amount. This could negatively affect your credit rating, which might make it more difficult to borrow money in the future. The monthly cap on Unarranged Overdraft charges is £30.
Further details can be found in our Banking Charges Guide, on our Overdrafts page. If you're struggling to repay your overdraft, there's help and support available for you.
Spend & Save Plus comes with many useful features to help you save. You can set these up in your mobile banking app. Follow the links below to find out more:
Anything we missed? Find it here
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 doesnt 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.
