£130 switching Bonus with TSB Classic Plus Account + Upto £10 cashback each month +3% on the first £1500 in your account
1135°Expired

£130 switching Bonus with TSB Classic Plus Account + Upto £10 cashback each month +3% on the first £1500 in your account

435
Found 16th MayMade hot 16th May
New customers switching to TSB's Classic Plus now get £130 to switch to it.
Plus, there's also up to £10/mth free cash to be claimed.
It pays out £5 every month you have two or more direct debits paid out, and another £5/mth if you use your debit card at least 20 times in that month, until 30 June 2018.

As an extra bonus, you also get 3% AER variable on the first £1,500 in your account. All these perks mean you could earn almost £300 if you switch and keep the account for a year.

Source - MSE

Top comments

Original Poster

Need-to-knows
- To get the switching bonus, apply by Mon 26 Jun and fully switch to it including 2+ active direct debits (what counts as active?) using TSB's switching service by Fri 14 Jul (DD's must still be active for at least 28 days after the switch completes). You also need to pay in £500+ in the first 28 days from switching.
- You need to allow cookies in your browser else the £130 switching offer mightn't track.
- You won't get the bonus if you've ever got a switching bonus from TSB before or if you currently hold a Classic Plus account in your sole name.
- The bonus is paid to your account within 28 working days of the switch completing as long as you've met the terms above. If you have any issues with your switch, call TSB's Switcher Team on 0345 835 7838.
- The 20 transactions need to be made within a calendar month – the date of transaction will be when the money's taken from your account, which could be a couple of days after you spend. Online, contactless and Apple and Android Pay transactions count, but ATM withdrawals don't.
- The direct debits need to go out within the calendar month (so watch out for bank holidays & weekends), and need to be paid to different companies. You need to be registered for internet banking for this cashback.
- You'll need to pay in £500/mth, register for internet banking (and log in at least once a year) & opt for paperless statements & correspondence to get the interest.
- If you have more than one account, you can get the cashback on both, provided you meet the criteria on each account, but you can only get one switching bonus.
- This account has a linked 2% regular saver, though this can be beaten by other regular saver accounts.
- TSB has the full £85,000 UK savings safety guarantee.

Ohhhh...

https://media.giphy.com/media/xDqnFsdTb1i2Q/giphy.gif

X)

Thanks vassy

http://i.imgur.com/tPNYwrw.gif
435 Comments

Original Poster

Need-to-knows
- To get the switching bonus, apply by Mon 26 Jun and fully switch to it including 2+ active direct debits (what counts as active?) using TSB's switching service by Fri 14 Jul (DD's must still be active for at least 28 days after the switch completes). You also need to pay in £500+ in the first 28 days from switching.
- You need to allow cookies in your browser else the £130 switching offer mightn't track.
- You won't get the bonus if you've ever got a switching bonus from TSB before or if you currently hold a Classic Plus account in your sole name.
- The bonus is paid to your account within 28 working days of the switch completing as long as you've met the terms above. If you have any issues with your switch, call TSB's Switcher Team on 0345 835 7838.
- The 20 transactions need to be made within a calendar month – the date of transaction will be when the money's taken from your account, which could be a couple of days after you spend. Online, contactless and Apple and Android Pay transactions count, but ATM withdrawals don't.
- The direct debits need to go out within the calendar month (so watch out for bank holidays & weekends), and need to be paid to different companies. You need to be registered for internet banking for this cashback.
- You'll need to pay in £500/mth, register for internet banking (and log in at least once a year) & opt for paperless statements & correspondence to get the interest.
- If you have more than one account, you can get the cashback on both, provided you meet the criteria on each account, but you can only get one switching bonus.
- This account has a linked 2% regular saver, though this can be beaten by other regular saver accounts.
- TSB has the full £85,000 UK savings safety guarantee.

Dayam, I wasn't aware of this "It pays out £5 every month you have two or more direct debits paid out"
Is this also available for existing customers on the Classic Plus?

Original Poster

Sharpharp

Dayam, I wasn't aware of this "It pays out £5 every month you have two or … Dayam, I wasn't aware of this "It pays out £5 every month you have two or more direct debits paid out"Is this also available for existing customers on the Classic Plus?


Not sure if it applies to existing customers. I switched to TSB when it was posted last time. They never had this £5 monthly bonus for just having two direct debits.
Edited by: "vassy1" 16th May

Ohhhh...

https://media.giphy.com/media/xDqnFsdTb1i2Q/giphy.gif

X)

I'm onto them right now, I must be slippin' if I missed this 2x debit bonus...

Original Poster

Sharpharp

I'm onto them right now, I must be slippin' if I missed this 2x debit … I'm onto them right now, I must be slippin' if I missed this 2x debit bonus...


Keep us updated

Thanks vassy

http://i.imgur.com/tPNYwrw.gif

I have a classic plus account but never got any switching bonus when I opened it..
I wonder if I can close it and switch one of my other accounts to get the bonus

Can you still get the £130 bonus if you don't have any direct debits set up?
By switching from Halifax to tsb?

Original Poster

amir

Can you still get the £130 bonus if you don't have any direct debits set … Can you still get the £130 bonus if you don't have any direct debits set up?By switching from Halifax to tsb?


Yes Amir you will still get. If I were you I would have a min 2 direct debits to get the fiver every month.

Sharpharp

Dayam, I wasn't aware of this "It pays out £5 every month you have two or … Dayam, I wasn't aware of this "It pays out £5 every month you have two or more direct debits paid out"Is this also available for existing customers on the Classic Plus?



From the T&C's: "£5 cashback every month just for having two direct debits per month. ‡ For accounts opened on or after 1 March 2017 only. Offer ends 30 June 2018. You must be registered for internet banking. T&Cs apply."

what happens if you get the cash then close the account the month after? Doesn't mention if they would ask for it back.

Original Poster

ian_stanley_matthews

what happens if you get the cash then close the account the month after? … what happens if you get the cash then close the account the month after? Doesn't mention if they would ask for it back.


Nope they won't ask. You can close the account.

Damn...I only opened an account with them like 2 weeks ago!

swisstm

Damn...I only opened an account with them like 2 weeks ago!



I'm thinking about phoning to ask them if they'll just give me the switch bonus to save the bother of closing my account then opening another just for the bonus

ian_stanley_matthews

what happens if you get the cash then close the account the month after? … what happens if you get the cash then close the account the month after? Doesn't mention if they would ask for it back.


I switched to them in Feb this year. Got the £125 they were offering then. Just yesterday my switch from them to Nationwide was completed. Was going to stay, but was tempted away by the 5% regular saver. Money talks, loyalty doesn't. Not been asked to repay and I did search t&c's beforehand.

Thanks Vassy. heat added.

Any current customers, what is their online banking/mobile app(s) like?

mattwalsh25

Any current customers, what is their online banking/mobile app(s) like?



Fine. Identical to Lloyds. Only problem is being unable to amend standing orders / direct debits from the app

Original Poster

mattwalsh25

Any current customers, what is their online banking/mobile app(s) like?


Their App is pretty good. You get all options to do. I have TSB and Halifax app. Both are pretty same with functionality except for the lack of amending direct debits..
Edited by: "vassy1" 16th May

vassy4u

Yes Amir you will still get. If I were you I would have a min 2 direct … Yes Amir you will still get. If I were you I would have a min 2 direct debits to get the fiver every month.



It says you need 2 direct debits set up to qualify?

I have accounts with Nationwide and Halifax , do i have to switch one of them or can i just open a new account and set up two direct debits ?

Sharpharp

Dayam, I wasn't aware of this "It pays out £5 every month you have two or … Dayam, I wasn't aware of this "It pays out £5 every month you have two or more direct debits paid out"Is this also available for existing customers on the Classic Plus?


Let us know too please I did the same as vassy when it was posted ages ago for the 5% now 3%. It's about time banks started looking after existing customers not just new.

I switched to them the other month, or so I thought. Turns out it's hidden somewhere in the T+C's that you have to go into branch to complete the switch. Don't get caught out by this BS as I got nothing out of it.

Apply for a new Classic Plus account by 26 June 2017



Pretty good deal I may bite. There is no rush for anyone wondering.

Original Poster

apocalypsenow

I have accounts with Nationwide and Halifax , do i have to switch one of … I have accounts with Nationwide and Halifax , do i have to switch one of them or can i just open a new account and set up two direct debits ?

You need to switch

lugsy3

Let us know too please I did the same as vassy when it was posted ages … Let us know too please I did the same as vassy when it was posted ages ago for the 5% now 3%. It's about time banks started looking after existing customers not just new.



From the T&C's: "£5 cashback every month just for having two direct debits per month. ‡ For accounts opened on or after 1 March 2017 only. Offer ends 30 June 2018. You must be registered for internet banking. T&Cs apply."

So the answer is no, unless they make an exception

vassy4u

You need to switch


Ok cheers bud.

Does it automatically close the previous account that it switches from? I rather like my student/graduate NatWest account with overdraft so don't want to close it!

derp1664

From the T&C's: "£5 cashback every month just for having two direct … From the T&C's: "£5 cashback every month just for having two direct debits per month. ‡ For accounts opened on or after 1 March 2017 only. Offer ends 30 June 2018. You must be registered for internet banking. T&Cs apply."So the answer is no, unless they make an exception


Thanks that's annoying

Original Poster

shelliebish

Does it automatically close the previous account that it switches from? I … Does it automatically close the previous account that it switches from? I rather like my student/graduate NatWest account with overdraft so don't want to close it!


Yes it closes the account.

I'm an existing customer! I've had my interest rate cut from the 5% to 3% and i gather this is to attract new customers only! Time to change just like mobiles and broadband if you stay they screw you for new customers only! The only thing is this affects your credit record as credit companies prefer a bank account that ypu've held for a long time as it shows stability! Anyone had any problems

I rang them they said you need 2 active direct debits to complete switch,
I don't have any so don't quality

amir

I rang them they said you need 2 active direct debits to complete … I rang them they said you need 2 active direct debits to complete switch,I don't have any so don't quality



Set up 2 direct debits to two different charities for a few pounds each
Edited by: "i_have_crabs" 16th May

derp1664

Set up 2 direct debits to two different charities for a few pounds each



That's what the advisor said lol

Original Poster

amir

That's what the advisor said lol


Don't you have direct debits on any bank account you hold?

amir

I rang them they said you need 2 active direct debits to complete … I rang them they said you need 2 active direct debits to complete switch,I don't have any so don't quality



​Its a real shame that most companies these days reward new customers better than their existing customers. Is it any wonder there are so many people switching. Companies need to start taking better care of their existing customer base.

shelliebish

Does it automatically close the previous account that it switches from? I … Does it automatically close the previous account that it switches from? I rather like my student/graduate NatWest account with overdraft so don't want to close it!


As I said, if you read what it says you have to go into branch within 28 days to complete the switch.

vassy4u

Don't you have direct debits on any bank account you hold?



I do but I don't want to switch that account

amir sorry if I added my post to your post by accident
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