Switch for £240 -  £130 Switch Reward PLUS up to £10/mth cashback until June 2018 PLUS 3% interest on £1,500
440°Expired

Switch for £240 - £130 Switch Reward PLUS up to £10/mth cashback until June 2018 PLUS 3% interest on £1,500

50
Found 30th Oct
Started today -

New customers switching to TSB's Classic Plus via MSE 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 £240 if you switch and keep the account until at least July 2018.

Need-to-knows
  • To get the switching bonus, apply by 4 Dec and fully switch to it including 2+ active direct debits (what counts as active?) using TSB's switching service by 22 Dec (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 your switch completing.
  • 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 (that get you the £5/mth) 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 (that get you the £5/mth) 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.

Top comments

isn't about time banks started doing deals for their current loyal customers too!

mr.deville7 m ago

worst bank I have ever been with.


Well thanks for that substantial feedback giving detailed reviews of the issues you had.

dribspak1 h, 5 m ago

Have you realised you're not in America yet?


If you’re referring to the spelling of realize, the Oxford English Dictionary defines ise or ize spellings as correct. Ize is after all the original British spelling. It’s us that have deviated from the original spelling, not the Americans.
50 Comments

left them a few months ago, wonder if they’ll welcome me back

worst bank I have ever been with.

How does anyone manage to sign up with them??

We tried for SWMBO, just after the de-merger; they

"Mailed it to the wrong place" with the first set of paperwork

"Accidentally shredded it" with the second lot, and

"Lost it somewhere in the branch" with the third set.

There was no fourth set.

mr.deville7 m ago

worst bank I have ever been with.


Well thanks for that substantial feedback giving detailed reviews of the issues you had.

Gentle_Giant8 m ago

How does anyone manage to sign up with them??We tried for SWMBO, just …How does anyone manage to sign up with them??We tried for SWMBO, just after the de-merger; they "Mailed it to the wrong place" with the first set of paperwork"Accidentally shredded it" with the second lot, and"Lost it somewhere in the branch" with the third set.There was no fourth set.


After the second time I wouldn’t have bothered anyway. They sound incompetent and nobody wants that!

I have been with them over a year made good use of there 5% cashback on contactless payments. Only lasted a year so I've switched again, shame non of these rewards are ongoing for banking with them. Makes it a no brainer to switch.

Graham19792 h, 48 m ago

Well thanks for that substantial feedback giving detailed reviews of the …Well thanks for that substantial feedback giving detailed reviews of the issues you had.




I do not bother giving detailed reviews now until someone actually ask's for it because you normally get the same "boo hoo" crowd but just for you.

- customer service are arrogant, rude and untrained.
- had 2 new card's and the tap pay didn't work.
- my local branch (Archway in Islington) staff look like and act so depressed and see one lady there argue with the public many times.
- mobile app on android is a 50/50 chance of working, if it does in generally used to tell me that my fingerprint had the wrong details.

on a whole I spent more time talking to customer service's or trying to just use my account normally, I just gave up and left.
Edited by: "mr.deville" 31st Oct

isn't about time banks started doing deals for their current loyal customers too!

Bit of a long stretch to realize the full payout.

I switched a few months ago. I've just about managed the 20 debit card transactions to get the £5 a month, and I got the £130 switch payment fine. I will be staying for year and then moving on. Customer service has been fine for me, nice staff in my local branch, card works OK, everything delivered on time etc.

If I was switching now, I'd get the Flexdirect account with Nationwide with the recommend a friend. You get £100, the friend gets £100 and account pays 5% on first £2500 for the first year, plus there is a 5% regular saver account.
Edited by: "das1969" 30th Oct

Just switched from them to Halifax after two years. It's not the worst bank and the money rewards are decent. The branches are amazingly dated and the new android app is meant to be crap - I stuck with the old one. Overall they are good I'd say.

matedodgy41 m ago

Bit of a long stretch to realize the full payout.

Have you realised you're not in America yet?

Thanks

Does switching accounts affect credit score?

dribspak1 h, 5 m ago

Have you realised you're not in America yet?


If you’re referring to the spelling of realize, the Oxford English Dictionary defines ise or ize spellings as correct. Ize is after all the original British spelling. It’s us that have deviated from the original spelling, not the Americans.

chasolo2 h, 7 m ago

isn't about time banks started doing deals for their current loyal …isn't about time banks started doing deals for their current loyal customers too!


Why would they bother when only a minority switch even when offered over £100

Love it!!! they got a monumental bail out from the tax paying public due to poor to say the least economic practice and here they go again throwing away money!!

WajAllRound54 m ago

Does switching accounts affect credit score?


yes it does as your credit score is based on how long you have been with a bank.

^^^

sorry I was meant to have edited but this crap where I have to wait for comments to be viewed before I can edit.

I was meant to have said its a contributing factor.

mtuk16 h, 32 m ago

If you’re referring to the spelling of realize, the Oxford English D …If you’re referring to the spelling of realize, the Oxford English Dictionary defines ise or ize spellings as correct. Ize is after all the original British spelling. It’s us that have deviated from the original spelling, not the Americans.


it's great when the spelling spelling police get clamped lol

mtuk16 h, 49 m ago

If you’re referring to the spelling of realize, the Oxford English D …If you’re referring to the spelling of realize, the Oxford English Dictionary defines ise or ize spellings as correct. Ize is after all the original British spelling. It’s us that have deviated from the original spelling, not the Americans.

Thank you for pointing out that the Americans spell it with a z and we no longer do.
It helped cement my point.

dribspak24 m ago

Thank you for pointing out that the Americans spell it with a z and we no …Thank you for pointing out that the Americans spell it with a z and we no longer do. It helped cement my point.


Your input to the deal is worthless, please keep on topic or don't bother replying

jb6622 m ago

Your input to the deal is worthless, please keep on topic or don't bother …Your input to the deal is worthless, please keep on topic or don't bother replying

Rather aggressive

I've spoken to 2 financial advisors recently and had conflicting advice.

One suggested avoiding banks from other EU countries through the brexit process.
Another said that because of brexit it would be wise to bank money in the banks of other EU countries because of brexit.

TSB is a Spanish owned bank, being part of Sabadell.

I dunno.
Edited by: "androoski" 31st Oct

androoski1 m ago

I've spoken to 2 financial advisors recently and had conflicting …I've spoken to 2 financial advisors recently and had conflicting advice.One suggested avoiding banks from other EU countries through the brexit process.Another said that because of brexit it would be wise to bank money in the banks of other EU countries because of brexit. TSB is a Spanish owned bank, being part of Sabadell. I dunno.

Eggs and basket spring to mind..

winchman4 m ago

Eggs and basket spring to mind..



Don't really want to lose any eggs.

Original Poster

thomasleep8 h, 25 m ago

Love it!!! they got a monumental bail out from the tax paying public due …Love it!!! they got a monumental bail out from the tax paying public due to poor to say the least economic practice and here they go again throwing away money!!

Wrong bank

I did the switch a few months ago. Went OK...yes did take a couple of calls, but then got the £125 cashback quickly as promised, and also the monthly £5 for using wireless debit card. They also failed to switch a £1 charity DD, so gave me £50 compensation for that. So worth a bit of work!!

samspud57 m ago

Wrong bank



Right bank, given that TSB was created out of branches cut away from the bailed out Lloyds TSB.

As someone else already said it is of course now a Spanish bank throwing the money around given its current ownership.

dribspak11 h, 2 m ago

Have you realised you're not in America yet?

I'm American

dribspak2 h, 47 m ago

Rather aggressive


Any comments on the actual deal? Or just trolling

Original Poster

premierfella1 h, 7 m ago

Right bank, given that TSB was created out of branches cut away from the …Right bank, given that TSB was created out of branches cut away from the bailed out Lloyds TSB.As someone else already said it is of course now a Spanish bank throwing the money around given its current ownership.

Tenuous.

But still Wrong bank.

1. LloydsTSB was given the money to buy Halifax as the government didn't want the bad press of another northern rock bailout. They weren't "bailed out" in that sense like they and RBS were. They didn't need the money - they werent in trouble. They used the money from the share sale to buy Halifax whilst anti competition rules were ignored.

2. TSB were carved out due to an EU directive as the new LloydsTSB was now too big. TSB are a new, independent bank who have never needed or received state aid.

Not a biggy - but maybe worth doing some research

samspud2 h, 53 m ago

Tenuous. But still Wrong bank. 1. LloydsTSB was given the money to buy …Tenuous. But still Wrong bank. 1. LloydsTSB was given the money to buy Halifax as the government didn't want the bad press of another northern rock bailout. They weren't "bailed out" in that sense like they and RBS were. They didn't need the money - they werent in trouble. They used the money from the share sale to buy Halifax whilst anti competition rules were ignored. 2. TSB were carved out due to an EU directive as the new LloydsTSB was now too big. TSB are a new, independent bank who have never needed or received state aid.Not a biggy - but maybe worth doing some research



Thanks. I knew all that without looking it up.

Claiming that the "new, independent bank" TSB never needed or received state aid when it was carved out and sold on from Lloyds TSB is the tenuous bit - I fully accept that we have different views on that though (and I currently happily take TSB's 3% interest, so I'm not hating on TSB!)

Original Poster

premierfella1 h, 9 m ago

Thanks. I knew all that without looking it up.Claiming that the "new, …Thanks. I knew all that without looking it up.Claiming that the "new, independent bank" TSB never needed or received state aid when it was carved out and sold on from Lloyds TSB is the tenuous bit - I fully accept that we have different views on that though (and I currently happily take TSB's 3% interest, so I'm not hating on TSB!)


Cant beat a good debate on HUKD! ;-)

Handbags!

dribspak11 h, 59 m ago

Thank you for pointing out that the Americans spell it with a z and we no …Thank you for pointing out that the Americans spell it with a z and we no longer do. It helped cement my point.


The Oxford English Dictionary disagrees with you. It’s perfectly acceptable to use ize spellings in the UK.

androoski11 h, 36 m ago

I've spoken to 2 financial advisors recently and had conflicting …I've spoken to 2 financial advisors recently and had conflicting advice.One suggested avoiding banks from other EU countries through the brexit process.Another said that because of brexit it would be wise to bank money in the banks of other EU countries because of brexit. TSB is a Spanish owned bank, being part of Sabadell. I dunno.


Ultimate ownership is irrelevant here. It's the country of registration that's important. For all intents and purposes TSB is a British bank, registered in Scotland and (the important part) is covered by FSCS and regulated by PRA/FCA.

The 'foreign bank' status that these people refer to, applies to foreign-registered banks, such as Handelsbanken or Triodos.

diktiomenos1 h, 53 m ago

Ultimate ownership is irrelevant here. It's the country of registration …Ultimate ownership is irrelevant here. It's the country of registration that's important. For all intents and purposes TSB is a British bank, registered in Scotland and (the important part) is covered by FSCS and regulated by PRA/FCA.The 'foreign bank' status that these people refer to, applies to foreign-registered banks, such as Handelsbanken or Triodos.


In a bail-out situation such as we saw in 2008 it might not be so simple.

Btw all this aggressive account switching for bonuses DOES affect your credit score! Mine is in the toilet right now and probably won’t recover for another year or so, but hey at least I got a few hundred quid out of it

JoeSpur1st Nov

Btw all this aggressive account switching for bonuses DOES affect your …Btw all this aggressive account switching for bonuses DOES affect your credit score! Mine is in the toilet right now and probably won’t recover for another year or so, but hey at least I got a few hundred quid out of it


Your credit rating is affected if you have too many credit searches over a short period of time but switching every 6 months say will have a negligible effect.
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