Open a new TSB Spend & Save or Spend & Save Plus account.
You can open your account online or through the app, by filling in the application form and providing some personal details.
Switch using the Current Account Switching Service.
This takes place during account opening - when prompted, state you wish to switch your existing account to your new TSB one. You'll need your old account details handy.
Choose your switch date.
You’ll need to choose a date for when you want your account switched over. To be eligible for the switching bonus, this must be before 20 March 2026.
Receive switch confirmation.
On the day of your current account switch, you’ll receive confirmation from TSB that your account is now open.
Log into the TSB app and deposit £1,000 to receive £150.
To receive your £150 cash incentive, you must deposit £1,000 into your account and make 5 or more payments using your TSB debit card before 20 March 2026.
Deposit at least £1,000 in April 2026 to receive £50.
To earn an extra £50, deposit at least £1,000.
TSB’s switching offer comes in 2 parts.
With the Spend & Save and the new Spend & Save accounts (those that are less than 6 months old), you get £5 cashback for the first 6 months, as long as you make at least 20 debit card payments each month, a total of £30.
You’ll also get 1.70% AER on Savings Pots and access to the TSB Monthly Saver at 5%. If you deposit £1,000 into a Savings Pot and save the maximum amount of £250 a month into the Monthly Saver, in 12 months you stand to earn £17 and £70.96 in interest respectively. Bear in mind, the Spend & Save Plus account comes with a £3 monthly fee.
That’s £317.96 in your first year, including switching bonus, cashback, and maximum savings interest.
You can’t qualify if you’ve received an incentive or benefit for switching to TSB Bank since 1 October 2022.
You must complete your full switch before 20 March 2026.
If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.
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