TSB is back with another switching offer, worth up to £310 in cash and rewards, and a prize draw for customers

• Customers switching to TSB will receive a £100 switching bonus
• TSB triples cashback for new customers to earn up to £90 over the first six months
• Customers can also choose a reward for staying, including a £120 hotel voucher or access to 12 months of activity tickets for hundreds of UK attractions
• TSB is also running a monthly prize draw giving new and existing customers the chance to win a trip to Toronto and Niagara Falls or £300 Red Letter Day vouchers  

From today, customers switching to a TSB Spend & Save or Spend & Save Plus current account can receive a £100 switching bonus, and £90 in cashback in the first six months of opening, plus a choice of two rewards. This follows closely on from TSB’s last switching offer which ended in June.

To be eligible, customers must open a Spend & Save or Spend & Save Plus account and switch to TSB using the Current Account Switch Service from 21 July 2025. The switch must be complete by 22 September 2025. Customers will be able to apply through the TSB Mobile Banking app, the TSB website or in branch.

£100 switching bonus

To receive the £100 switching bonus, customers must log into the TSB Mobile Banking app and make at least five payments using the debit card on their account before 22 September 2025. The £100 bonus will be paid between 6 and 12 October 2025.

Triple Cashback

Up to the first six months, TSB is also offering customers the chance to earn triple cashback of £15 each month when they make at least 20 debit card payments in the calendar month. This means customers can earn a total of £90 and any cashback will be automatically paid in the next calendar month.

Choice of reward

If customers make 20 debit card payments in February 2026 and meet the conditions for the £100 switching bonus, they can choose a treat in March 2026 with two options including:

• £120 voucher for a hotel of their choice
• Access to 12 months of activity tickets for hundreds of UK attractions

Prize Draw

The prize draw will run every month until the end of December with at least 28 winners each month. For the first few months (July to October), TSB personal current account customers have the chance to win a city break for two to Toronto and Niagara Falls in Canada or £300 Red Letter Day vouchers.

Toronto and Niagara Falls City Break for two people – three winners will be picked at random each month from all eligible customers and the prize includes:

• Return flights from London to Toronto, Ontario – with private roundtrip transfers in Canada (Airport-Toronto-Niagara-Airport).

• 3 nights in Toronto, and 2 nights in Niagara Falls – with luxury (4* minimum) hotel accommodation, including breakfast, based on sharing a double/twin room. 

• A 3-course dinner at a popular restaurant in Toronto and Niagara Falls, up to the value of £75 per person per meal, including service charge. 

• Three-course dinner at a popular restaurant in Toronto and a popular restaurant in Niagara, up to the maximum value of £75 per person, including service charge.

• A 4-hour Toronto highlights tour, including guided driving tour, Toronto Harbour Cruise, and skip-the-line tickets to attractions. 

• 4-hour Niagara Falls tour, including hotel transfers, expert guide, and admission to all areas.

£300 Red Letter Day vouchers – 25 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:

“It’s great to be out again offering customers more brilliant reasons to bank with TSB. On top of the many great features and benefits that TSB current accounts already provide, we're always looking for ways to reward new and existing customers – and our latest switching offer and exciting prize draw do just that."

– ENDS –

Notes to Editors

Switching offer

• To be eligible for triple cashback and a choice of reward, customers must meet the conditions for the £100 switching bonus.
• The 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 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 August to be eligible for the prize draw in September.
• Customers will also receive additional entries for each additional five debit card payments, up to a maximum of four entries per month.