TSB’s £180 switching offer has now ended. The information below is for reference only. For switching deals & sign-up bonus offers available now, make sure you check out our switching deals guide and sign-up bonus deals guide.
TSB has launched a simplified switching deal where you can get £180 when you open one of its Spend & Save accounts. The deal comes in 2 parts, so you’ll get the first £150 for switching and then £10 monthly cashback for up to 3 months. For a full list of switching deals on the market, you can visit our switching deals guide.
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 9 December 2025.
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 cashback within 28 days of completing your switch, you must deposit £1,000 into your account and make 5 or more payments using your TSB debit card.
Spend monthly to receive £10 cashback for 3 months.
To earn an extra £10 in monthly cashback (for 3 months), make at least 20 debit card payments each month.
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. Add this to your switching deal cashback, and you can earn up to £60 cashback in 6 months.
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 £297.96 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 October 2022.
You must complete your full switch before 9 December 2025.
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.
Find out how you can you can earn from switching to Chase.
We explain how to bag Barclays’£175 switch offer as there are some strings attached.
Open a new current account with The Co-operative Bank and take advantage of the latest switching bonus.
Find out how you can open a new current account with Santander and take advantage of the latest switching bonus.
Find out how to pocket this £175 switch bonus – and how to use the deal to get £311.50 overall.
Discover how you can get yourself a £500 Selfridges gift card and a VIP shopping experience with HSBC Premier.
See what you need to do to get £175 just for switching and opening a savings account.
Find out how you can pocket £185 for switching current accounts and how much interest you could earn on top.
Find out how you can open a new current account with NatWest and take advantage of the latest switching bonus.