05 Dec

Does TSB Bank do cashback?

Are you wondering if TSB Bank offers cashback? Look no further! In this article, I will explore the cashback policies, programs, and offers provided by TSB Bank. Whether you’re a new customer, interested in switching, or simply curious about the benefits of their accounts, this comprehensive guide will provide you with all the information you need.

Key Takeaways:

• TSB Bank offers cashback through their Spend & Save and Spend & Save Plus accounts.
• Customers can earn £5 cashback per month for the first six months with a Spend & Save account or £10 cashback per month for the first six months with a Spend & Save Plus account.
• To be eligible for the cashback, customers need to make 20 or more debit card payments each month.
• Cash withdrawals and Direct Debits are excluded from qualifying transactions.
• The cashback is paid into the account and can be used for savings or spending.

Earn cashback with a Spend & Save account

With a TSB Bank Spend & Save account, you have the opportunity to earn cashback rewards every month. To be eligible, you need to make 20 or more debit card payments each calendar month. Cash withdrawals and Direct Debits are excluded from the qualifying transactions. By meeting this requirement, you can earn £5 cashback each month for the first six months.

The cashback is paid into your account and can be used for savings or spending. It’s an excellent way to maximize the benefits of your Spend & Save account while enjoying the convenience of cashback rewards. Terms and conditions apply, so make sure to review the details before getting started.

TSB Bank’s cashback program offers a fantastic opportunity for customers to make the most of their banking experience. By earning cashback rewards, you can enjoy the additional perks of having a Spend & Save account and make your money work harder for you. Start earning cashback today with a TSB Bank Spend & Save account!

Earning Cashback with TSB Bank

1. Open a Spend & Save account with TSB Bank.
2. Make 20 or more debit card payments each calendar month.
3. Receive £5 cashback each month for the first six months.
4. Use the cashback for savings or spending.

“Earning cashback with TSB Bank is a great way to maximize your savings and make the most of your banking experience.”

By following these simple steps, you can start earning cashback rewards with TSB Bank today. Take advantage of this fantastic opportunity and make your money go further!

Cashback offer for Spend & Save Plus accounts

If you’re looking for even more cashback benefits, TSB Bank’s Spend & Save Plus account is the perfect choice. With this account, you’ll not only enjoy the benefits of the regular Spend & Save account but also receive additional cashback rewards.

With a Spend & Save Plus account, you can earn £10 cashback every month for the first six months, and then £5 cashback every month thereafter. That adds up to a potential cashback of £90 in the first 12 months alone. To qualify for the cashback, all you need to do is make 20 or more debit card payments each calendar month.

Like the regular Spend & Save account, cash withdrawals and Direct Debits do not count towards the qualifying transactions. However, any other debit card payments will contribute to your cashback earnings. The cashback is paid directly into your Spend & Save Plus account, giving you the flexibility to use it for savings or spending as you please.

By opening a Spend & Save Plus account, you’ll not only have access to the generous cashback offer but also benefit from a range of additional features and services provided by TSB Bank. It’s a great way to make your money work harder for you and take advantage of the cashback benefits available with TSB Bank’s Spend & Save Plus account.

Summary:

1. New customers who switch to TSB Bank can earn over £200 in cashback by opening a Spend & Save or Spend & Save Plus account.
2. To be eligible for the cashback, customers need to set up two Direct Debits, use their debit card at least once, and log into the TSB Mobile Banking app.
3. The cashback is paid directly into the new account and can be used for savings or spending.
4. Switching to TSB Bank also provides access to other valuable features and benefits.

Additional features of Spend & Save accounts

In addition to the cashback offer, TSB’s Spend & Save and Spend & Save Plus accounts come with valuable features that enhance your banking experience. One of the standout features is the Savings Pots. With Savings Pots, you can create instant access savings accounts within your Spend & Save account, allowing you to earn interest on your savings while enjoying the convenience of easy access. This feature is perfect for those looking to grow their savings while still having the flexibility to withdraw funds when needed.

Easy money management with auto-balancer

Another notable feature of TSB’s Spend & Save accounts is the auto-balancer. This feature automatically tops up your account balance from your chosen Savings Pots if it falls below a certain limit. This ensures that you always have sufficient funds available for your day-to-day expenses, giving you peace of mind and eliminating the need for manual transfers between accounts.

Round up your transactions with “Save the Pennies”

TSB’s Spend & Save accounts also offer a unique feature called “Save the Pennies.” With this feature, you can round up your debit card transactions to the nearest pound and save the “change” in a designated Savings Pot. This effortless way of saving allows you to gradually build your savings over time without even noticing the small amounts being set aside. It’s a great way to grow your savings effortlessly and achieve your financial goals.

Summary:

TSB’s Spend & Save and Spend & Save Plus accounts not only offer attractive cashback rewards, but they also provide additional features that make managing your finances easier and more rewarding. With features like Savings Pots, auto-balancer, and “Save the Pennies,” you have the tools to grow your savings, effortlessly manage your money, and achieve your financial goals. Explore all the benefits of TSB’s Spend & Save accounts and start maximizing your banking experience today.

Spend & Save Plus account benefits

As a TSB Bank customer, you can enjoy a range of exclusive benefits with the Spend & Save Plus account. One of the key advantages is the availability of cashback. By opening a Spend & Save Plus account, you have the opportunity to earn £10 cashback each month for the first six months, and then £5 cashback per month thereafter. This means you could potentially earn a total of £90 in cashback within the first year.

But the benefits don’t stop at cashback. With the Spend & Save Plus account, you can enjoy fee-free debit card usage abroad. Whether you’re traveling for business or pleasure, you won’t have to worry about additional charges when using your debit card overseas. This makes managing your finances while traveling much more convenient.

In addition to the cashback and fee-free debit card usage, the Spend & Save Plus account also offers a £100 interest-free Arranged Overdraft. This feature can be useful for short-term borrowing needs, providing you with some flexibility when it comes to managing your finances. However, please note that the Arranged Overdraft is subject to approval.

Summary:

– Earn £10 cashback per month for the first six months and £5 cashback per month thereafter with the Spend & Save Plus account.
– Enjoy fee-free debit card usage abroad, making it convenient for international travel.
– Access a £100 interest-free Arranged Overdraft for short-term borrowing, subject to approval.

Changes to the Cashback Offer

TSB Bank has recently made some updates to their cashback program, introducing changes that will benefit their customers. Previously, customers were required to make 30 debit card payments each month in order to earn cashback. However, TSB Bank has now reduced this requirement to just 20 debit card payments per month, making it even easier for customers to qualify for cashback rewards.

It is important to note that the cashback offer is subject to the terms and conditions set by TSB Bank. These terms and conditions outline the eligibility criteria for cashback, as well as the qualifying transactions. It is highly recommended that customers review these terms and conditions in detail to ensure their understanding of the program.

Additionally, TSB Bank has reserved the right to make changes to the cashback offer and its terms and conditions. However, any changes made will be communicated to customers in advance, ensuring transparency and allowing customers to adjust their banking habits accordingly.

Conclusion

TSB Bank offers cashback programs through its Spend & Save and Spend & Save Plus accounts. Customers can earn £5 cashback per month for the first six months with a Spend & Save account or £10 cashback per month for the first six months with a Spend & Save Plus account. Cashback is earned by making 20 or more debit card payments each month. The cashback is paid into the account and can be used for savings or spending.

TSB Bank also offers additional features and benefits with these accounts. Customers can enjoy instant access savings called Savings Pots, an auto-balancer feature, and the ability to round up debit card transactions and save the “change” in a Savings Pot. The Spend & Save Plus account also provides no charges for using the debit card abroad and access to a £100 interest-free Arranged Overdraft.

Before opening an account with TSB Bank, it’s important to review the cashback policy and the terms and conditions for full details. TSB Bank may make changes to the cashback offer and its terms and conditions, but customers will be notified in advance. So, take advantage of the cashback programs and the additional features offered by TSB Bank today!

Source Links

• https://www.tsb.co.uk/current-accounts/cashback/
• https://www.tsb.co.uk/news-releases/tsb-launches-its-latest-switching-offer-and-doubles-cashback/
• https://www.tsb.co.uk/current-account-cashback-termsandconditions.pdf

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