In a move to attract new customers, TSB Bank is offering eligible individuals a cash bonus of up to £230 for switching their current account to the bank’s Spend and Save account by April 2026. This lucrative offer could provide a significant financial boost for savvy savers looking to maximise their rewards.
The initial incentive is a £150 bonus for those who complete a full switch to a Spend and Save account using the Current Account Switch Service before March 20, 2026. Customers must also log into the TSB app and deposit at least £1,000 into the new account, as well as make five or more payments using their new TSB debit card before the same date.
But the rewards don’t stop there. For those who can meet an additional requirement, there’s an extra £50 up for grabs. By depositing a total of at least £1,000 into the TSB account in April 2026, customers will receive the £50 bonus by May 31 of that year.
Furthermore, TSB is offering a helping hand to those switching from a rival provider, making the process less stressful. The bank will assist with moving the previous account balance, closing the old account, copying over payee details, transferring active Direct Debits and standing orders, and redirecting regular income payments.
However, there are some limitations to the offer. TSB has excluded anyone who previously moved to their banking services and claimed a cash bonus since October 2022, as reported by the Express.
For those looking to take advantage of this tempting opportunity, the time to act is now. With the deadline for the initial £150 bonus set for March 20, 2026, and the additional £50 available in April of that year, savvy savers would be wise to consider making the switch to TSB and maximising their potential earnings.
