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£125 switching Bonus with TSB Current Account +5% cashback on your first £100 of contactless payments each month +3% on the first £1500 in your account
£125 switching Bonus with TSB Current Account +5% cashback on your first £100 of contactless payments each month +3% on the first £1500 in your account

£125 switching Bonus with TSB Current Account +5% cashback on your first £100 of contactless payments each month +3% on the first £1500 in your account

£125 switching Bonus with TSB Current Account +5% cashback on your first £100 of contactless payments+3% on the first £1500 in your account.
seems like quite a good deal, potentially a £210 gain ( £125 switching bonus, £40 contactless cashback + £45 interest on a £1500 balance) in your first year.

Important: If you are applying for this account1. go via This is Money Supermarket and 2.To receive the £125 payment, you must allow cookies in your browser before starting an application for a Classic Plus Account.

£125 for switching – Open a Classic Plus account by 27 February 2017 and complete your switch to us using the Current Account Switch Service before 31 March 2017. Pay in at least £500 into your new account within 28 days of the switch. Transfer all active credits and debits, which must include at least 2 active Direct Debits as part of your switch. The Direct Debits must still be registered at least 28 days after the switch completes.

To receive the £125 payment (if you are eligible) you must allow cookies in your browser before selecting "Apply now".

Plus get up to £40 cashback – Get 5% cashback on your first £100 of contactless, Apple Pay or Android Pay spend every month (contactless debit card subject to eligibility). You must be registered for Internet Banking. Offer ends 30 September 2017

165 Comments

Sounds good

Just setup a second DD on my spare account so I can take up this offer.
Hoping that yorkshire bank will bring back the £200.00 switching offer again at a later date.

I am with Lloyds since 2007 oO what will i get for this time?
Edited by: "ohdearohdear" 8th Feb

Looks awesome, I don't get the £40 cash back though. 5% on £100 spend?

New customers only I take it then?

I've just switched away from TSB having had it since last year (gone with HSBC Advance, £200 cashback in total). The 5% contactless purchases works out at a max of a fiver a month, and that expires in September, so eight month's worth = £40.

Btw, perfectly fine, just tarting my current account around for various switching bonuses. Nice, clean app for banking too. Only switched away as my contactless thing has expired and they've reduced the interest rate. No complaints about them while I've been with them.
Edited by: "mjb1975" 8th Feb

I saw this on MSE last week and ditched and switched to them. Everything has come through really fast, they seem great!

Original Poster

mjb1975

I've just switched away from TSB having had it since last year (gone with … I've just switched away from TSB having had it since last year (gone with HSBC Advance, £200 cashback in total). The 5% contactless purchases works out at a max of a fiver a month, and that expires in September, so eight month's worth = £40.Btw, perfectly fine, just tarting my current account around for various switching bonuses. Nice, clean app for banking too. Only switched away as my contactless thing has expired and they've reduced the interest rate. No complaints about them while I've been with them.



Same here, took advantage of this deal last year and now looking to switch away as the offer I had have finished . Contactless gone, 5% regular saver gone and the 5% on £2000 balance is now 3% on £1500. Nothing against TSB just got to chase the rates was considering the Coop Bank myself

goldy12

Same here, took advantage of this deal last year and now looking to … Same here, took advantage of this deal last year and now looking to switch away as the offer I had have finished . Contactless gone, 5% regular saver gone and the 5% on £2000 balance is now 3% on £1500. Nothing against TSB just got to chase the rates was considering the Coop Bank myself


does switching banks affect credit ratings? I'm looking to switch, never have but Natwest sucks at the moment, I've got like £15k sitting in the bank, doing nothing...

The government will announce new proposals for switching to entice people to do so its expected this will mean more banks will be giving out these switching bonuses although most have already had them in one form or another.

ohdearohdear

I am with Lloyds since 2007 oO what will i get for this time?


Poorer

Never changed bank accounts from RBS for the last 10 years, is it easy to change details for direct debits and work payments etc?

MazingerZ

does switching banks affect credit ratings? I'm looking to switch, never … does switching banks affect credit ratings? I'm looking to switch, never have but Natwest sucks at the moment, I've got like £15k sitting in the bank, doing nothing...


Take a look at tesco bank. Just announced guaranteed 3% for 2 years on £3k, you can open 2 accounts. Also nationwide 5% on first £2.5k for first year.

ohdearohdear

I am with Lloyds since 2007 oO what will i get for this time?



?

tom_g

Never changed bank accounts from RBS for the last 10 years, is it easy to … Never changed bank accounts from RBS for the last 10 years, is it easy to change details for direct debits and work payments etc?



Sooo easy now with the 7 day switch service

tom_g

Never changed bank accounts from RBS for the last 10 years, is it easy to … Never changed bank accounts from RBS for the last 10 years, is it easy to change details for direct debits and work payments etc?


Yes. They do it all for you. Any payments you've forgotten to rearrange and get credited to your old (closed) account automatically get paid into your new one. It's incredibly easy now.

MazingerZ

does switching banks affect credit ratings? I'm looking to switch, never … does switching banks affect credit ratings? I'm looking to switch, never have but Natwest sucks at the moment, I've got like £15k sitting in the bank, doing nothing...



Switching banks won't affect your credit rating, but most lenders will ask for the amount of time with your current bank (logically, more time with bank = more stable finances) and may use that in their decision making process.


Edited by: "bma1445" 8th Feb

crazy .. I was just in the process of applying for this account after seeing it on Martin lewis website. Then I saw your post. It looks ideal because of the low £500 monthly input . Your post highlights that it's an okay deal . Heat from me. Thanks for posting.

hsbc, Co - op and first direct have good switching deals but all have higher monthly input commitment or monthly costs,. Therefore Tsb looked the best for me. worth a look though, might be better for you.

Hot for the cash back but this is a rubbish current account. I did a switch about a year ago, payments take ages to clear and spending takes days to show up on account, which makes budgeting a nightmare. By comparison to my Nationwide account which always responds much quicker. Will be switching again soon

bigwheels

Just setup a second DD on my spare account so I can take up this … Just setup a second DD on my spare account so I can take up this offer.Hoping that yorkshire bank will bring back the £200.00 switching offer again at a later date.



If they don't close down your local branch to increase their profits to be solded by NAB oO

shatteredneon

Hot for the cash back but this is a rubbish current account. I did a … Hot for the cash back but this is a rubbish current account. I did a switch about a year ago, payments take ages to clear and spending takes days to show up on account, which makes budgeting a nightmare. By comparison to my Nationwide account which always responds much quicker. Will be switching again soon


I disagree this is a rubbish account. Until recently I was getting 5% on £2000 and £5 per month on contactless spends. It's not quite as good now but certainly not rubbish and not worth getting rid of IMO.

I've personally not had a problem with payments being slow. If the spending is using contactless card there will always be a delay in updating available balance if the transaction isn't authorised online. The rare times I've used chip and pin, it hasn't been slower than any other bank.

CR_&_JR

If they don't close down your local branch to increase their profits to … If they don't close down your local branch to increase their profits to be solded by NAB oO



I don't care this is a dead account I will be using I'm with first direct for my main account and would not leave them for a £1000.00. Best service I've ever had.

blinko

Looks awesome, I don't get the £40 cash back though. 5% on £100 spend?



Me neither

Plus get up to £40 cashback – Get 5% cashback on your first £100 of con … Plus get up to £40 cashback – Get 5% cashback on your first £100 of contactless, Apple Pay or Android Pay spend every month


Why £40 and not £60 If it is £5/month (5% on £100)?

Halifax still pays me £5/month, hard to beat it. Say yay if you're with me

FREE MONEY!!!!!

Did this last time this offer was on. About a year ago?

Didnt get the £125 bonus which was disappointing.

MaximusRo

Halifax still pays me £5/month, hard to beat it. Say yay if you're with me


No yay. Halifax only pays £3 now (_;)

MaximusRo

Why £40 and not £60 If it is £5/month (5% on £100)?


It's only till September. So 8*5=£40

What if I am already with TSB for over 6 years. Can I get the switch bonus? Or it has to be new account and a switch?

am with them already any other deals was thinking of switching to haifax 100£ switching bonus
any suggestions

Banned

Thanks

I found the 5% cashback a bit of a con - sometimes as often as 1/3 times I tried to use contactless (eg shopping in Co-op, Tesco and M&S) it would ask me to enter my card and pop in the pin (possibly disqualifying that transaction from cashback as it was no longer 'contactless') - anyone else have this problem?

what if u are tsb already ?

ohdearohdear

I am with Lloyds since 2007 oO what will i get for this time?


You'll have had 4% Interest on your Club Lloyd's current account and Club Lloyd's Monthly saver for almost 3 years. Not too bad!

lindus

what if u are tsb already ?


Depends what account you have, whether you've had a switching bonus previously or whether you want to close/downgrade your account and apply for another qualifying one.

kowalski

I found the 5% cashback a bit of a con - sometimes as often as 1/3 times … I found the 5% cashback a bit of a con - sometimes as often as 1/3 times I tried to use contactless (eg shopping in Co-op, Tesco and M&S) it would ask me to enter my card and pop in the pin (possibly disqualifying that transaction from cashback as it was no longer 'contactless') - anyone else have this problem?


I've had to enter a PIN perhaps 3 times in 4 months.

I'm jus a current account 2 direct debits.... never had any reward ever NO ? (_;)

Spartan88

Depends what account you have, whether you've had a switching bonus … Depends what account you have, whether you've had a switching bonus previously or whether you want to close/downgrade your account and apply for another qualifying one.



​sorry above
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