Major bank paying £100 upfront to new customers and £210 in cashback and rewards

THE OFFER HAS BEEN LAUNCHED BY TSB BUT CUSTOMERS WILL NEED TO BE QUICK IN ORDER TO QUALIFY FOR THE DEAL WORTH £310 14:37, 20 May 2025 A major bank has launched a new switch offer worth £310

in cash and rewards. Those who switch to the TSB Spend & Save or Spend & Save Plus current account will be issued £100 upfront, £90 cashback in the first six months of opening, plus

a choice of two rewards, reports MirrorOnline. The switch has to be completed by July 19 to qualify, either through the current account switch service, the TSB app, TSB website or in a

branch. READ MORE: HOW MANY WEEKS AWAY NEXT £200 COST OF LIVING PAYMENTS ARE FROM ENTERING ACCOUNTS? JOIN OUR FREE MONEY SAVING WHATSAPP COMMUNITY FOR THE LATEST UPDATES To receive the £100

switching bonus, you must log into the TSB app and make at least five payments before July 19. Article continues below The £100 bonus will be handed out between August 2 and August 16, 2025.

For the first six months, TSB customers also get triple cashback of £15 each month when they carry out at least 20 debit card payments in the calendar month. This means you could get

overall £90. Any cashback will be automatically paid in the next calendar month. Finally, you get a choice of two rewards if you make 20 debit card payments in December 2025. The options

include a £120 hotel voucher or access to 12 months of activity tickets for hundreds of UK attractions. Surina Somal, everyday banking director at TSB, said: “We’re pleased to be able to

reward new customers who choose to bank with TSB. “With so many account features and benefits, TSB provides a range of options and support for customers to create healthy habits around their

finances and build confidence with their money.” First Direct is paying customers £175 if they switch their everyday banking to its current account. With First Direct, you must pay at least

£1,000 and open two direct debits or standing orders from the account within 45 days of opening it. You must also register and log onto digital banking, within 45 days of the account

opening and spend on your debit card five times. NatWest is offering a switch offer of £150 when you open a NatWest Reward account, plus £36 a year cashback and access to a 6.17% interest

regular saver. The account comes with a £2 monthly fee, but you get £5 a month cashback when you pay in £1,250, so this cancels the fee out. To get the offer, you must set up at least two

Direct Debits and log into mobile banking each month. If you move to Co-operative Bank, you could get a free £100, plus £25 a month for three months and a seven per cent interest linked

regular saver. Article continues below To get the money, you have to deposit £1,000 within 30 days of the switch, have two direct debits, register for online banking or its mobile app, and

make at least ten transactions using the debit card.