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Banks Step Up Switching Battle With TSB’s £200 Deal and Rival £250 Offers

Most payouts hinge on using the seven‑day Current Account Switch Service under tight cut-off dates and specific account rules.

Overview

  • TSB is offering up to £200 to switch to its Spend & Save or Spend & Save Plus accounts, with £150 after a full CASS switch, app login, a £1,000 deposit, and five debit card payments by 20 March 2026, plus £50 for depositing another £1,000 in April.
  • Existing TSB customers with a personal current account opened before 13 January 2026 can also qualify if they complete a full switch to that account via CASS.
  • TSB’s bonuses are scheduled to be paid by 7 April 2026 for the initial £150 and by 31 May 2026 for the extra £50; Spend & Save Plus costs £3 a month, while both accounts can earn up to £5 monthly cashback with 20 card transactions.
  • Lloyds is paying £250 for switches to Club Lloyds, Club Lloyds Silver or Club Lloyds Platinum started by 3 February 2026 via CASS, requiring three active direct debits, with payment reported to arrive within up to 40 working days.
  • HSBC Premier is offering £250 to eligible high earners, with the promotion running until 23 February 2026, while Santander, Nationwide and First Direct also have cash incentives, so customers are urged to check fees, pay‑in and direct debit requirements before switching.