Britons can secure an extra £190 in the run up to Christmas to put towards festive bills.
The generous offer comes at a time when many Britons are feeling the pinch of the ongoing cost of living crisis.
TSB is urging customers to act swiftly as the deadline for its lucrative current account switch offer approaches.
The bank is offering a substantial £190 incentive for new customers who switch to its Spend & Save or Spend & Save Plus current accounts.
However, time is running out. Prospective customers have only until September 27 to take advantage of this offer.
The incentive is part of TSB’s efforts to attract new account holders amidst fierce competition in the banking sector.
TSB is urging customers to act swiftly as the deadline
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The £190 switch offer is structured in two parts.
Firstly, customers can earn £100 by making at least five payments and logging into the TSB Mobile Banking app once by September 27.
TSB will deposit this initial £100 between October 15 and 25, 2024.
Secondly, account holders can earn up to £90 in cashback over the first six months. This is achieved by earning between £5 and £15 each month.
To qualify for the monthly cashback, customers must make at least 20 debit card payments.
The switch must be finalised within 21 days of the request.
TSB is also offering additional rewards for new customers who meet the conditions for the £100 payment and make 20 or more payments using their TSB debit card.
These customers will be eligible for a free reward in March next year.
The rewards on offer include a one-night stay for two people at participating hotels. Alternatively, customers can choose two Odeon cinema tickets each month for three months. A six-month subscription to Now TV entertainment is also available as an option.
These extra perks add further value to the switch offer, potentially making it even more appealing to prospective customers.
However, it’s worth noting that these rewards are subject to availability and terms and conditions apply.
Not all customers are eligible for this offer. Those who have received a switch bonus from TSB since October 2022 are excluded.
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New customers can apply via tsb.co.uk, in-branch or through the TSB Mobile Banking app.
It’s crucial to note that while the TSB Spend and Save account is free, the Spend and Save Plus account carries a £3 monthly fee.
Despite the attractive offer, TSB emphasises the importance of thoroughly reading the terms and conditions before making any decisions.
As with any financial decision, it’s advisable to compare offers from different banks to ensure the best fit.
