TSB Bank stops paying £310 for switching: by what date to hurry.

According to The Sun: The time is running out for those who want to get £310 for free by switching bank accounts.

TSB offers one of the most attractive deals on the market, but the deadlines are limited.

PA

New customers transferring to TSB's Spend & Save or Spend & Save Plus accounts can receive £100 simply for opening a new account.

The total bonus opportunity is up to £310, including the initial £100 bonus, cashback, and additional rewards.

However, to take advantage of this offer, you need to switch accounts by 23:59 on Monday, September 8.

New TSB clients are offered a £100 bonus for opening a new account.

To confirm participation, you must use the Current Account Switch Service, log into the TSB mobile app, and make at least five card payments by September 22, 2025.

The £100 bonus will be credited to your account between October 6 and 12, 2025.

TSB also offers a £15 cashback every month for the first six months if you make at least 20 card payments each month – that’s an additional £90 in your pocket.

But that's not all.

If you make 20 card payments in February 2026, you can choose between a £120 hotel voucher or a year of free entry tickets to UK attractions to be used in March 2026.

For savers, this account allows access to a regular deposit at 5%, where you can save up to £250 a month and potentially earn up to £71 a year.

However, this offer is available only for those who have not received a switching bonus from TSB since October 1, 2022.

Surina Somal, Director of Everyday Banking at TSB, said: “It's fantastic that we can offer customers even more wonderful reasons for banking with TSB.”

“In addition to many great features and benefits that current TSB accounts already offer, we are always looking for ways to reward new and existing customers – and our latest switching offer does just that.”

How to switch bank accounts?

Switching your bank account is quite simple — most people can use the Current Account Switch Service (CASS).

• Many banks and building societies have signed up for this service — a complete list is available on the CASS website.
• The process of switching accounts typically takes seven working days.
• You don’t need to worry about transferring direct debits — this work is done for you.
• Just apply for a new account, and the new bank will automatically inform your previous bank of the change.
• Before switching, it’s advisable to consider what other benefits a particular bank may have.
• Some banks offer 0% overdrafts up to a certain limit, while others may provide better savings rates.
• Some banks also offer free travel or mobile phone insurance with current accounts, but such accounts may have a monthly fee.

What other banks offer?

TSB offers the largest number of free cash bonuses for switching accounts, but First Direct also delights new customers with cash bonuses.

First Direct offers £175 to new customers switching to their 1st Account, which has no monthly fees and offers a range of benefits.

This account is beneficial for travelers, as it allows you to spend abroad for free at almost perfect exchange rates.

In addition to the cash bonus, the account provides access to a regular deposit at 7%, where you can deposit up to £300 a month, potentially earning up to £137 if you use the maximum amount.

Eligible customers may qualify for a £250 interest-free overdraft.

To receive the £175 bonus, you must not have held a First Direct account previously and not opened an HSBC account since January 2018.

You need to open an account via the app (or online for joint accounts), switch accounts from another bank with at least two active direct debits or standing orders, deposit at least £1,000, and make five card payments within 45 days.

If you meet these requirements, the £175 will be credited by the 20th of the following month.

In the planned TSB promotion, new customers can benefit from attractive bonuses by switching to new accounts. It is important not to miss the account switching deadline and to fulfill all conditions to receive bonuses. By switching accounts, customers also have the opportunity to explore other advantageous offers from various banks, which can significantly improve their financial conditions.