Compare all bank switching offers
TSB Offer Summary
This offer expired on 17 February 2026.
Is TSB Right for You?
Key Features
- Spend & Save: No monthly fee, £5/month cashback for first 6 months (with 20+ card payments)
- Spend & Save Plus: £3/month fee, £5/month cashback ongoing (with 20+ card payments)
- Both accounts: Access to TSB Rewards (discounts at Vue, Halfords, lastminute.com, etc.)
- Both accounts: Current Account Switch Guarantee (7-day guaranteed switch)
- Both accounts: Mobile banking app with standard features
- Switch bonus: Up to £200 switch and stay.
- No Direct Debit requirement - simplest eligibility criteria of major switch offers
Things to Consider
- Cannot have received TSB switching incentive since 1 October 2022 (lifetime restriction)
- Must deposit £1,000 from another bank (not from TSB accounts)
- Mobile app login is mandatory - must download and use the app
- £5 monthly cashback requires 20 card payments per month cleared in that calendar month
- Cashback timing: Payments must leave account in same month (can take 5 days to process)
- Spend & Save cashback ends after 6 months, Spend & Save Plus continues indefinitely
- Spend & Save Plus: £3/month fee means net £2/month profit from ongoing cashback
- TopCashback bonus (£20-£40) requires separate tracking and has 120+ day wait
- Must keep account open until all payments received (£150 + cashback)
- Existing Spend & Save customers switching won't get the initial 6-month cashback again
Eligibility Requirements
- Apply for a new Spend & Save or Spend & Save Plus account (or switch to existing TSB account)
- Complete a full switch using CASS
- Pay in at least £1,000 into the account (one or more deposits from another bank) by 20 March 2026
- Make at least 5 debit card payments
- Log into TSB Mobile Banking App at least once
- All by 20 March 2026 to get the first £150
- Then pay in another £1000 in April 2026 to earn another £50
- Cannot have received TSB switching incentive since 1 October 2022
Always verify the current requirements on TSB's website before applying, as terms may change.
How the Switch Works
TSB uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 28 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- No Direct Debits needed - easiest major switch offer currently available
- The £1,000 deposit can come from savings or transferred funds during the switch
- Apple Pay, Samsung Pay, and Google Pay payments count as debit card transactions
- For extra cashback: make 20+ debit card payments monthly for first 3 months after getting £150
- Optional: Use TopCashback for extra £20 (Spend & Save) or £40 (Spend & Save Plus)
- Choose Spend & Save for simplicity (free, 6 months cashback, then close if desired)
- Choose Spend & Save Plus only if you'll maintain 20+ payments long-term (net £2/month profit)
- Five loose bananas bought separately = 5 card payments (easy way to hit minimum)
Common Issues
- Don't let your switch complete after 20 March 2026 deadline
- Don't close the account before receiving all payments
- Don't forget the mobile app login requirement - it's mandatory
- For cashback: Payments must clear in the calendar month, not just be made
- Cashback is based on when money leaves your account (usually 5 days after transaction)
- Only get cashback once - existing Spend & Save customers won't get the 6-month bonus again
Need Direct Debits? If you don't have 2 active Direct Debits for the switch, you can support Scrimpr via Direct Debit (50p or £1/month) — it counts towards the requirement and helps keep this site free.
Earn cashback too — Apply to TSB through TopCashback to earn a cashback bonus on top of the switch offer.
Offer History
How TSB's switch offer has changed over time.
| Offer | Period |
|---|---|
| £200 | Jan 2026 - Feb 2026 |
| £180 | Sep 2025 - Dec 2025 |
| £190 + perks | Jul 2025 - Sep 2025 |
| £190 + perks | May 2025 - Jun 2025 |
| £160 + perks | Jan 2025 - Feb 2025 |
| £190 | Aug 2024 - Sep 2024 |
| £160 + perks | May 2024 - Jun 2024 |
| £185 | Jan 2024 - Jan 2024 |
| £210 | Sep 2023 - Oct 2023 |
| £200 | Jul 2023 - Aug 2023 |
| £200 | Feb 2023 - Mar 2023 |
| £100 | Nov 2022 - Dec 2022 |
| £180 | Oct 2022 - Oct 2022 |
| £50 | Dec 2019 - Jan 2020 |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and TSB reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on TSB's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with TSB.