Customers of major banks including Santander, Natwest and Barclays as well as Lloyds, HSBC and Nationwide can switch to TSB and get an instant £190 – but there’s only two days left.
Bank switching bonuses have become a popular way for high street banks to lure customers away from one another, given that many customers become entrenched in their current accounts even where better rates exist elsewhere.
As a result, major banks have been running bank switching bonuses on and off for years.
And a good offer from TSB is promising £190 cash to customers – but you must switch before Tuesday, September 10.
In the deal, those switching from another bank, whether that’s HSBC, Halifax or another brand – will get £100 up front just for making a switch.
Then you can also receive up to £15 cashback each month for the first six months if you use your debit card at least 20 times in that six months. There’s no minimum spend per use though, so you could buy a packet of chewing gum or a copy of the Daily Express 20 times and you would qualify for up to £15 cashback on spending.
You also have to set up at least two direct debits, use your card at least once and log into the TSB mobile app before September 27.
After that, you’ll get the money paid by TSB before October 25.
TSB is the only bank still offering a switching bonus, so you will need to be quick and act within the next 48 hours if you still plan on taking up a free cash offer for switching.
