TSB launches £310 switching bonus for new current account customers
TSB launches £310 switching bonus for new current account customers

TSB is offering customers up to £310 in bonus cash and rewards for switching to its Spend & Save or Spend & Save Plus current account. The package includes a £100 switching bonus, monthly cashback and additional vouchers for those who meet the qualifying criteria.

To receive the initial £100 switch offer, customers must move their account using the Current Account Switch Service from July 21, with the switch completed by September 22. They must also log into the TSB Mobile Banking app and make at least five debit card payments before the September deadline. The £100 bonus will be paid between October 6 and 12.

Customers can also earn £15 cashback per month for the first six months if they make at least 20 debit card payments in a calendar month, with payments made the following month. This means up to £90 in total cashback over the half-year period.

Wide Pickt banner — collaborative shopping lists app for Telegram, phone mockup with grocery list

Those who qualify for the £100 bonus can additionally receive £120 in vouchers towards a hotel stay or activity tickets for 12 months. To secure these, they must make 20 or more debit card payments in February 2026. Some hotel bookings may be non-refundable, and the voucher cannot be combined with other offers.

Current account holders can also enter a monthly prize draw running until the end of December. Prizes include a city break for two to Toronto or Niagara Falls, spa breaks, West End theatre tickets and football stadium tours.

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."

Pickt after-article banner — collaborative shopping lists app with family illustration