TSB issues 1-day warning for customers to claim £200 | Personal Finance | Finance
A major UK bank has urged UK consumers to take advantage of the opportunity to earn £200 before their latest switching offer expires. TSB’s latest switching offer will close on Tuesday, February 17, and allows those joining the bank to earn big rewards for doing so.
Customers who switch to a TSB Spend & Save or Spend & Save Plus current account before the deadline can receive up to £200 when they complete the switching conditions. To be eligible, new customers must open a TSB Spend & Save or Spend & Save Plus account between Tuesday, January 13, 2026 and before the offer is withdrawn, and complete a full switch using the Current Account Switch Service (CASS). Carys Barnes, head of current accounts and savings at TSB said: “Our TSB Spend & Save and Spend & Save Plus current accounts come with a range of fantastic features and benefits and our latest switching offer, worth up to £200, is just one of the many reasons for customers to bank with TSB.”
Existing customers are also eligible if they opened a TSB personal current account before Tuesday, January 13, 2026, and complete a full switch to their account using the CASS service.
Customers will be able to apply through the TSB Mobile Banking app, the TSB website or in branch.
How to get £150 switching bonus
To receive the £150 switching bonus, customers must complete their switch, log into the TSB Mobile Banking app and deposit £1,000 into the account they’re switching into by March 20, 2026.
Customers must also make at least five payments using the debit card on the account they’ve switched to before March 20, 2026. The £150 bonus will be paid by April 7, 2026.
How to get extra £50
To receive the extra £50, customers must deposit £1,000 into their TSB account in April 2026. If they complete this, customers will receive the extra £50 by May 31, 2026.
According to Martin Lewis’ Money Saving Expert website, the move is common practice across the sector.
They said: “Banks sometimes offer switch incentives – free cash, boosted savings rates or other perks – to new customers who switch in an existing current account to a new current account with them.
“Essentially, banks want your custom and switch bribes are a double win for banks – you not only join them, but you leave one of their rivals.” Two banks currently offering £175 for making the switch are Nationwide and the Co-op Bank.”
