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TSB Sets Sept. 22 Cutoff as Banks Race to Lure Switchers With Cash Bonuses

MoneySavingExpert urges would‑be switchers to act fast to meet debit‑card usage rules required to qualify.

Overview

  • TSB’s Spend & Save switch deal pays £100 to new customers who log into the app and make five debit‑card purchases by 22 September.
  • A further £15 per month is available for six months when at least 20 debit‑card transactions are made each month, with a reported £500 monthly deposit requirement for the ongoing cashback.
  • An extra reward is due in March 2026 if 20 or more debit‑card payments are made in February 2026, offering either £120 Expedia hotel credit or 12 months of activity tickets.
  • MoneySavingExpert is highlighting the offer and advising quick, small purchases to hit the qualifying transaction counts before the deadline.
  • Rival deals being promoted include First Direct’s £175 switch bonus plus a 7% regular saver and fee‑free overseas spending, and NatWest’s £125 upfront payment with access to a 5.5% Digital Regular Saver and monthly cashback tied to paying in £1,250.