Money-saving expert Martin Lewis has issued a timely warning for those looking to benefit from one of the largest bank switch bonuses currently available. TSB’s £310 offer, which includes upfront cash, cashback, and a hotel credit, is about to expire, leaving potential customers with only a short window to secure these generous rewards.
As the bank switching market continues to heat up, more people are looking to take advantage of rewards and incentives. TSB’s offer stands out, but the deadline is fast approaching, meaning customers must act quickly to claim the full value of the deal. With a combined £310 in rewards up for grabs, it’s crucial for customers to meet specific conditions before September 22.
£310 in Total Rewards: How It Works
TSB’s latest switching offer gives new customers the chance to earn a total of £310, but it comes with a few requirements that must be met within a tight timeframe. The first part of the offer provides £100 upfront for customers who switch to the TSB Spend and Save account.
To qualify for this payment, customers must make at least five debit card transactions and log into the mobile app before September 22. According to MoneySavingExpert, the £100 will be paid into accounts between October 6 and October 12, so there’s little time to delay.
The second part of the deal involves a £90 cashback reward. Customers will receive £15 a month for six months, as long as they use their debit card a minimum of 20 times each month. In addition, TSB offers £120 worth of hotel credits or National Activities Network tickets, provided customers meet the same 20-card transaction requirement in February 2026. Importantly, the offer is available to those who have not received a switch bonus from TSB since October 2022.
Why Speed Is Crucial: Deadline Looms
The clock is ticking for those hoping to take advantage of TSB’s £310 bank switching bonus. With the deadline to qualify for the first £100 bonus set for September 22, customers must act swiftly to complete the necessary steps. Martin Lewis highlighted the importance of not missing out on this deal, calling it “arguably the biggest current bank switching bonus.”
However, there’s no shortage of competition in the banking world, with other banks like First Direct also offering substantial incentives. First Direct, for example, is offering £175 for new customers who switch and meet specific conditions. Still, TSB’s combined offer stands out due to its total value and additional perks, such as the hotel credit and cashback. But as with all time-sensitive offers, missing the deadline could result in missing out on hundreds of pounds in rewards.
