TSB is back with a brand-new switching offer worth up to £180 in cash

• Customers switching to TSB will receive a £150 bonus when they complete the switch conditions
• TSB also offers up to £10 cashback per month, for three months
• TSB is offering customers the chance to win a big-brand tech bundle or £300 Red Letter Day vouchers as part of its monthly current account prize draw for new and existing customers

From today, customers switching to a TSB Spend & Save or Spend & Save Plus current account can receive a £150 switching bonus and up to £10 in cashback each month in the first three months after they’ve received the £150 bonus.

To be eligible, new customers must open a TSB Spend & Save or Spend & Save Plus account between 30 September 2025 and before the offer is withdrawn, then complete a full switch using the Current Account Switching Service (CASS). Existing customers are also eligible if they opened a TSB personal current account before 30 September 2025 and complete a full switch to their account using the CASS service*. New and existing customers must complete their switch and meet the criteria outlined below by 9 December 2025. Customers will be able to apply through the TSB Mobile Banking app, the TSB website or in branch. 

£150 switching bonus

To receive the £150 switching bonus, customers must complete their switch, log into the TSB Mobile Banking app and deposit £1,000 into the account they’re switching into by 9 December 2025. Customers must also make at least five payments using the debit card on the account they’ve switched to before 9 December 2025. The £150 bonus will be paid within 28 days of completing these steps. 

Up to £30 cashback

Customers can earn £10 cashback per month in the three months after they’ve received the £150 switching bonus, which is on top of the usual £5 cashback that is available on new Spend & Save and Spend & Save Plus accounts. Customers will qualify for cashback by making at least 20 debit card payments in each calendar month. This means customers can earn an extra £30 and any cashback will be automatically paid in the next calendar month.

Prize Draw

TSB is offering personal current account customers the chance to win a big-brand tech bundle or £300 Red Letter Day vouchers from 1 October as part of its monthly current account prize draw running until December 2025. To be eligible, customers must opt into the prize draw and make five debit card payments in a calendar month. There will be over 50 winners selected at random each month.

Tech bundles – 3 winners will be picked at random each month from all eligible customers and the prize includes:

• 75-inch LG LED HDR 4K Ultra HD Smart TV
• LG Bluetooth Wi-Fi Soundbar with Wireless Subwoofer and Rear Speakers
• Nintendo Switch 2 256GB Console with Joy-Con 2, Mario Kart World game, Switch 2 camera, Switch 2 controller
• Apple 2025 iPad 11", Wi-Fi, 128GB
• Sage Duo Temp Pro Espresso Coffee Machine 

£300 Red Letter Day vouchers – 50 runners up will be picked at random each month from all eligible customers and the prize can be exchanged for over 5,000 experiences including: 

• Spa breaks 

• Supercar track days 

• Indoor skydiving 

• West End theatre tickets 

• Overnight country escapes 

• Iconic football stadium tours 

• Hot air balloon flights 

More details about the prize draw and eligibility can be found below.

Surina Somal, Everyday Banking Director at TSB said:

“There is a flurry of rewards to be had when you choose to do your banking with TSB, and that’s on top of the many great features and benefits that our products and services already provide.”

– ENDS –

Notes to Editors

Switching offer

• * Existing customers are eligible if they hold a TSB personal current account (which is not an Under 19s current account) that they opened before 30th September 2025. 
• To be eligible for the cashback offer, customers must meet the conditions for the £150 switching bonus.
• This offer is limited and can be withdrawn at any time. TSB will give notice of the withdrawal date ahead of time.
• The full terms and conditions can be found here.
• TSB’s Spend & Save and Spend & Save Plus accounts offer a range of smart saving features including Save the Pennies and Savings Pots, plus discounts from big brands with My TSB Rewards.  

Prize draw details

• The prize draw is open to new and existing customers.
• To be eligible, customers must have a TSB current account and opt into the prize draw by completing the prize draw entry form on the TSB website.
• Customers only have to opt in once to be eligible for the prize draw every month. Customers who opted into the ‘Canada trip’ prize draw will already be opted in to the Tech Bundle prize draw and do not have to opt in again.
• Customers will need to make five debit card payments in the calendar month for entry to the prize draw in the following month. For example, customers will need to make five debit card payments in October to be eligible for the prize draw in November.
• Customers will also receive additional entries for each additional five debit card payments, up to a maximum of four entries per month.  
• More information can be found here.