TSB kicks off the new year with a brand new switching offer worth up to £200

• Customers switching to TSB will receive up to £200 when they complete the switch conditions
• TSB also offers new customers £5 cashback per month, for six months (up to £30 in total)

From today, customers switching to a TSB Spend & Save or Spend & Save Plus current account can receive up to £200 when they complete the switching conditions.

To be eligible, new customers must open a TSB Spend & Save or Spend & Save Plus account before Friday 20 March 2026 and before the offer is withdrawn, and complete a full switch using the Current Account Switch Service (CASS). Existing customers are also eligible if they opened a TSB personal current account before Tuesday 13 January 2026, and complete a full switch to their account using the CASS service*. 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 20 March 2026. Customers must also make at least five payments using the debit card on the account they’ve switched to before 20 March 2026. The £150 bonus will be paid by 7 April 2026.   

An extra £50 bonus

To receive the extra £50, customers must deposit £1,000 into their TSB account in April 2026. If they complete this, customers will receive the extra £50 by 31 May 2026.    

Up to £30 cashback

All TSB customers can earn £5 cashback per month for the first six months when they open a new Spend & Save current account, or £5 cashback every month when they open a Spend & Save Plus account. Customers will qualify for cashback by making at least 20 debit card payments in each calendar month. This means Spend & Save current account customers can earn an extra £30 over the first six months, and any cashback will be automatically paid in the next calendar month.

Carys Barnes, Head of Current Accounts and Savings at TSB said:

“As we kick off the New Year, many of us will be looking at our finances to make sure we’re getting the most from our money. Our TSB Spend & Save and Spend & Save Plus current accounts come with a range of fantastic features and benefits and our latest switching offer, worth up to £200, is just one of the many reasons for customers to bank with TSB.”

– 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 Tuesday 13 January.   
• 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.