TSB bank switch deal: May 2025

A huge £310 switching deal has just launched from TSB. The deal comes in 3 parts, so you’ll get the first £100 for switching, £15 cashback a month for 6 months – plus an additional reward of £120 in vouchers for sticking with the account. Here’s how to get the money and what rewards are in store for you. For a full list of switching deals on the market, you can visit our switching deals guide.

How much can I get with TSB’s switch deal?

TSB’s switching offer comes in 3 parts.

• Step 1. You can get £100 when you complete a full switch to either a Spend & Save or Spend & Save Plus account and meet the eligibility criteria listed below.
• Step 2. You stand to earn cashback up to £90 if you meet the criteria in step 1 and make at least 20 debit card payments each month.
• Step 3. If you keep your TSB account until January 2026, complete step 1 and make 20 debit card payments in December 2025, you’ll get a reward. This comes in the form of a £120 voucher towards a hotel stay or access to activity tickets at attractions and venues across the UK for 12 months.

With either the Spend & Save account or Spend & Save Plus account, you’ll get 2.05% AER on Savings Pots and access to the TSB Monthly Saver at 5%. If you deposit £1,000 into a Savings Pot and save the maximum amount of £250 a month into the Monthly Saver, in 12 months you stand to earn £20.50 and £81 in interest respectively. Bear in mind, the Spend & Save Plus account comes with a £3 monthly fee.

Who can get the deal?

Only new TSB customers can get it and you can only benefit from these offers once. So there isn’t a way to get cashback again if you open a second account either in your name or in joint names.

You can’t qualify if you’ve received an incentive or benefit for switching to TSB Bank since October 2022.

How can I get the deal?

Requirements to get the £100 switching bonus

• Apply for a new TSB Spend & Save account or Spend & Save Plus account.
• Submit a full switch request using the Current Account Switch Service.
• Make a minimum of 5 payments using your debit card by 19 July 2025.
• Log in to the TSB Mobile Banking App at least once by 19 July 2025.

Requirements to get the cashback – up to £90

• Complete all of the £100 switch incentive conditions.
• Make 20 or more payments per month using your debit card in the first 6 months of opening your account.

Requirements to get the TSB Switch & Stay Partner Reward in January 2026

• Complete all of the £100 switch incentive conditions.
• In December 2025, make 20 or more payments using your debit card.

When the offer ends

There’s no end date listed on the TSB site, but it may be withdrawn at any time.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.