Unfortunately, this deal is no longer valid
£50 bonus cashback for opening TSB classic current account at Quidco
-97° Expired

£50 bonus cashback for opening TSB classic current account at Quidco

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Avatardeleted1612231
Posted 13th Nov 2019

This deal is expired. Here are some options that might interest you:

£50 cashback for opening TSB classic current account. Also for classic plus account.

Quick easy and safe banking online. over the telephone or in a branch.



Option to have a joint account so you can share bills and payments.



Switching your banking to TSB is hassle-free and only takes seven days.

quidco.com/tsb…nt/
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24 Comments
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deleted1612231
A word of caution, quidco didn’t track my visit and I have to raise claim.
Thanks OP. New customers only?
Seems like an easy £50. I can't see anything that says I have to actively use it, but I can switch out later?
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deleted1612231
Quidco terms and conditions says below

What will stop me earning cashback?

- Cashback is only available when you open a new TSB Classic, Classic Plus or Student current account and you register for internet banking, paperless statements and paperless correspondence

- Cashback is only available if for the first three months from account opening you pay in at least £500 each month and make two transactions per month

- In order for TSB to know that you’ve taken out your product via Quidco and so that you receive your cashback, you must click the Quidco link above, and apply for and open the  relevant current account

- You won’t be eligible for cashback if you click away from the Quidco website page, or visit any other websites before completing your current account application and opening your account

- You must make sure cookies are enabled before you start your application, and right through until we tell you whether your application is successful. Do not clear your cache before completing your application. Otherwise, TSB won’t be able to track the application and therefore unable to pay your cashback. For more information please see here

- Cashback will only be paid to members who have BACS as their registered Quidco payment

- All opened accounts are run through extensive validation checks and cashback will only be paid on valid opened accounts. The eligibility is checked 90 days after the account is opened

- If you close your account within 90 days of opening you won’t get cashback either

- Cashback cannot be used with:

- Any other offer available with TSB current accounts, unless listed on this page

- Any other TSB discounts such as staff or student discounts

- Any other offer, voucher or discount code unless listed on this page

- UK residents only

- Please also see TSB’s current account terms and conditions which can be found on their website

- Cashback will not be paid in conjunction with any other offer, voucher or discount code unless listed on this page, or with any other discounts such as staff or student discounts
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deleted1612231
Basically new customers and you should pay in £500 every month. If you close within 3 months then you won’t get it. So wait time could be 3 months. I wanted a new current account to switch to others in future and only TSB offers cashback.
Edited by: "deleted1612231" 13th Nov 2019
Do you have to do the thing where it moves over all your Direct debits automatically and closes your old current account?
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deleted1612231
a113/11/2019 07:43

Do you have to do the thing where it moves over all your Direct debits …Do you have to do the thing where it moves over all your Direct debits automatically and closes your old current account?


This cashback is only for opening new account not for switching. In future you can switch to M&S or HSBC or Halifax etc to get switch benefits
Why is this cold? I think it's good offer if you are looking for account that you can switch later on. And you can transfer in and out(plus make 2 transactions) that £500 each month for 3 months.
Wouldn’t it make more sense to offer more cashback for this? The alternative is being referred by an existing customer, where they give each £75, so give out a total of £150. So, wouldn’t it make more sense for them to give out, say, £100 cashback to entice us to forgo the referral and save them £50?
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deleted1612231
blabbity13/11/2019 07:54

Wouldn’t it make more sense to offer more cashback for this? The a …Wouldn’t it make more sense to offer more cashback for this? The alternative is being referred by an existing customer, where they give each £75, so give out a total of £150. So, wouldn’t it make more sense for them to give out, say, £100 cashback to entice us to forgo the referral and save them £50?


Makes sense. But referral is for switching (closing existing one) not just opening the account.
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deleted1612231
Wieczor13/11/2019 07:50

Why is this cold? I think it's good offer if you are looking for account …Why is this cold? I think it's good offer if you are looking for account that you can switch later on. And you can transfer in and out(plus make 2 transactions) that £500 each month for 3 months.


Correct. I needed a new account as I don’t want to disturb existing account where mortgage goes from. Someone here suggested that you keep one spare account for switching and this is good to start with.
blabbity13/11/2019 07:54

Wouldn’t it make more sense to offer more cashback for this? The a …Wouldn’t it make more sense to offer more cashback for this? The alternative is being referred by an existing customer, where they give each £75, so give out a total of £150. So, wouldn’t it make more sense for them to give out, say, £100 cashback to entice us to forgo the referral and save them £50?



didnt realise they did referrals thanks for this
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deleted1612231
eslick13/11/2019 09:00

didnt realise they did referrals thanks for this


referral is for switching and not opening new account.
Cold just because its quidco.
Many thanks, signed up and tracked!
deleted161223113/11/2019 08:28

Makes sense. But referral is for switching (closing existing one) not just …Makes sense. But referral is for switching (closing existing one) not just opening the account.


You’re right, but for the £50 cashback you still have to pay in £500 and make two transactions a month for three months. They effectively want you to use it as your main bank account in both scenarios.
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deleted1612231
blabbity13/11/2019 09:31

You’re right, but for the £50 cashback you still have to pay in £500 and ma …You’re right, but for the £50 cashback you still have to pay in £500 and make two transactions a month for three months. They effectively want you to use it as your main bank account in both scenarios.


no other current account opening is currently providing cashback. if you want new current account then why not go with £50 cashback then. I am here just for spare account to switch after 3 months for further rewards.
blabbity13/11/2019 09:31

You’re right, but for the £50 cashback you still have to pay in £500 and ma …You’re right, but for the £50 cashback you still have to pay in £500 and make two transactions a month for three months. They effectively want you to use it as your main bank account in both scenarios.


You can just pay in £500, purchase 2 Costa drinks in a month and transfer the rest out of the bank to your main account. I don't see problem doing that for 3 months getting £50 and then switching to another bank for more incentives.
Edited by: "Wieczor" 13th Nov 2019
I can see only one issue preventing existing custs from doing this, getting the £50 and using it for a lucrative switch elsewhere in a few months.

That's from my experience opening Classic accounts as an existing Classic Plus holder. (To use as donor accounts in switches. You're only allowed one C Plus).

At least when I tried, it wouldn't let you enter your existing TSB ID - you had to create new.

But then if you tried to activate that when they'd sent the paperwork, it refused. Error messages on every platform & browser.

Think it relates to a ban on customers opening second accounts online after their IT meltdown a couple of years ago. You were (are?) supposed to do it in branch.

PS As always, for best chance of acceptance, don't ask for an overdraft.
KingAwKings13/11/2019 09:20

Cold just because its quidco.


I'm inclined to agree. I've opened an account without any problem, but Quidco hasn't tracked so have had to raise a claim which will add another six months to the wait
deleted161223113/11/2019 11:46

no other current account opening is currently providing cashback. if you …no other current account opening is currently providing cashback. if you want new current account then why not go with £50 cashback then. I am here just for spare account to switch after 3 months for further rewards.



Would the £500 pay in work if I just transferred from another TSB account to get the cash back
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deleted1612231
sonic5530/12/2019 15:37

Would the £500 pay in work if I just transferred from another TSB account …Would the £500 pay in work if I just transferred from another TSB account to get the cash back


I think requirement of £500 is for classic plus account not for classic account. tsb.co.uk/cur…BuP
My casback has just been declined, put in over £500 a month and two transactions per month too!!
My Quidco cashback was declined too. I had the £50 for Classic plus a/c and £50 for Classic a/c respectively. I too credited each a/c with £500 with 3 monthly instalments. I also registered for paperless correspondence, and had the necessary debit card transactions. I contacted Quico through their live chat, and they too were at a loss as to the cashback claims being declined. They have initiated two claims on my behalf. They were helpful. Alas it can take up to six months before a decision either way can be adjudicated on. A lot of time and effort, but at least it didn't cost me financially :/
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