Additional perks are also up for grabs if you continue to use your new account.
If earning free cash by switching current accounts could brighten your January, you may be interested in the latest incentive from TSB. Launched yesterday, the high street bank is offering new customers the opportunity to receive up to £160 by making the move to either its Spend & Save or Spend & Save Plus current accounts.
This deal is split into two parts; to receive £100 upfront, you must complete a full switch from an existing account before the offer is withdrawn, using the Current Account Switch Service (CASS). You’ll also need to log into the TSB Mobile Banking app and make at least five debit card payments before 14 March 2025 to receive the lump sum paid into your account between 28 March and 11 April 2025.
For the first six months, you could then earn £10 cashback for each month you make at least 20 debit card payments – amounting to £60 in total, this is double the cashback usually paid by these accounts.
What’s more, TSB is offering an additional perk for maintaining the account. If you make 20 debit card payments in August 2025, you’ll receive the choice of a night away for two at a range of hotels, two Odeon tickets each month for three months or a six-month Now Entertainment membership.
To be eligible for the double cashback and choice of reward, you must meet the criteria for the initial £100 cash incentive; this includes having not benefited from a TSB switching deal since 1 October 2022.
