One of the best current account switching deals will be pulled on Monday meaning a last chance to take advantage.
TSB has announced it will end its switching bonus offer for new and existing customers on Monday 8 September at 23:59, which offers up to £310 of value.
New customers can bag up to £190 in cash if they switch their current account to a TSB Spend & Save or Spend & Save Plus current account, and bag a further £120 worth of rewards.
They will receive £100 for switching their bank account and can then earn £90 in cashback over the first six months of opening the account.
They also get a choice of two rewards in March 2026, worth up to £120.
To get the £100 switching cash, customers must switch to TSB through the Current Account Switch Service and the switch must be complete by 22 September 2025.
TSB is paying customers up to £310 to move their current account to one of its bank accounts but only if they open an account by 8 September
This must be done through its mobile banking app, website or in branch.
Existing customers – for example those who hold a mortgage or credit card with TSB – can also get the switching cash if they open a new TSB current account and do a full switch.
TSB’s Spend and Save account is free to open, while the Spend and Save Plus account comes with a £3 monthly fee.
How to bag the cash on offer
Customers must jump through a few hoops to get the full switching bonus, as TSB looks to retain customers who switch to it, rather than those who use it as a secondary account just to bag free cash.
To get the initial £100 switching cash, customers must use the mobile banking app and make at least five payments using the TSB debit card on their account before 22 September 2025.
The £100 bonus will be then paid between 6 and 12 October 2025.
After this, new TSB customers will be able to earn cashback of £15 each month for six months if they make at least 20 debit card payments in the calendar month.
This means customers can earn a total of £90.
Any cashback will be automatically paid in the next calendar month.
If a customer makes 20 debit card payments in February 2026 and meet the conditions for the £100 switching bonus, they can choose between two rewards options, but they will have to wait until March 2026.
This is either a £120 voucher towards a hotel stay or 12 months’ access to activity tickets for hundreds of UK attractions
How does it compare to other switching deals?
It’s not the speediest payout on the market, but TSB’s switching deal offers the biggest earning potential of £190 in cash with a further £120 worth of rewards.
First Direct is offering £175 to switching customers with the cash promised within 45 days of the switch completing.
NatWest is offering up to £175 to those who switch to one of its current accounts.
Customers can get £125 in cash for switching and a further £50 if they open a NatWest regular savings account.
As with all switching deals, it is also important to consider whether the account is right for you.
This might mean researching any fees and charges, scrutinising the bank’s customer service levels, and finding out if there is a branch in your area.
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