Customers can receive a range of rewards; however, the incentive may be withdrawn at any time.
Another current account switching offer joins the market this month after TSB launched its own incentive earlier in the week.
The provider is offering a £100 lump sum, followed by up to £90 in cashback instalments for customers moving to either its Spend & Save or Spend & Save Plus accounts, as well as a choice of rewards.
“We’re pleased to be able to reward new customers who choose to bank with TSB,” said Surina Somal, Everyday Banking Director at TSB.
To qualify for the initial £100, customers must complete a full switch to one of these accounts using the Current Account Switch Service (CASS) before 19 July 2025. They’ll also need to log into the TSB mobile app and make a minimum of five payments using their new debit card (including mobile payment services like Apple Pay and Google Pay) in the same timeframe.
Provided these criteria are met, TSB will pay the £100 between 2 and 16 August 2025, though keep in mind customers who previously benefited from any of the provider’s offers since 1 October 2022 won’t be eligible.