New Bank Switch!
TSB £125 (paid in March) I will point out their bank from everything I’ve read is horrendous and often has IT errors so absolutely
Don’t switch your main acccount.
You don’t need to switch Direct Debits but you do need to have two active when you open it to qualify (so could just add PayPal for example and another direct debit.
For an extra £60 you have to use the debit card 20 times (I’d assume you could buy £1 x 20 of Amazon credit online..)
T&C’s
https://www.tsb.co.uk/tsb-current-account-switch-offer-terms-and-conditions6.pdfDetails:£125 switch incentive
To qualify for the £125 switch incentive you must do all of the following:
Between 15 January 2024 and before the offer is withdrawn by us you must:
• Apply for a new TSB Spend & Save or Spend & Save Plus account through tsb.co.uk, the TSB Mobile Banking App or in Branches.
• Submit a full switch request via tsb.co.uk or in branch to your new TSB Spend & Save or Spend & Save Plus account using the Current Account Switch Service. The switch must be initiated before the offer is withdrawn and complete within
21 days of you requesting it.
• A full switch means all of your active credits and debits from your old account (not held with TSB) will be transferred across automatically as part of the service and your account will be closed.
And
By 15 March 2024 you must do all of the following:
• Make a minimum of one payment using the debit card on your new Spend & Save or Spend & Save Plus account.
• Log into the TSB Mobile Banking App at least once.
• Have a minimum of 2 active Direct Debits on your new Spend & Save or Spend & Save Plus account.
If you’ve done all these things, we’ll pay £125 into your new Spend & Save or Spend & Save Plus account between 20 March 2024 and 29 March 2024.
Up to £60 double cashback
To be eligible for the double cashback, you must first complete the switch incentive conditions above and then:
• Make 20 or more payments using your debit card each calendar month to earn £5 cashback. For the first six calendar months (including the month your account is opened), if you meet the required number of transactions, we will double the cashback. This will appear as two £5 payments on your transactions and may occur on different dates