£125 switching Bonus with TSB Current Account +5% cashback on your first £100 of contactless payments each month +3% on the first £1500 in your account

Viewing latest Search

Search

Start typing in the search box and your results will appear here.

Deal

+485

£1500 TSB Bank8 Feb 17

Source: HotUKDeals | Deals > All categories

Opening post

goldy12

8 Feb 17

£125 switching Bonus with TSB Current Account +5% cashback on your first £100 of contactless payments+3% on the first £1500 in your account.
seems like quite a good deal, potentially a £210 gain ( £125 switching bonus, £40 contactless cashback + £45 interest on a £1500 balance) in your first year.

Important: If you are applying for this account1. go via This is Money Supermarket and 2.To receive the £125 payment, you must allow cookies in your browser before starting an application for a Classic Plus Account.

£125 for switching – Open a Classic Plus account by 27 February 2017 and complete your switch to us using the Current Account Switch Service before 31 March 2017. Pay in at least £500 into your new account within 28 days of the switch. Transfer all active credits and debits, which must include at least 2 active Direct Debits as part of your switch. The Direct Debits must still be registered at least 28 days after the switch completes.

To receive the £125 payment (if you are eligible) you must allow cookies in your browser before selecting "Apply now".

Plus get up to £40 cashback – Get 5% cashback on your first £100 of contactless, Apple Pay or Android Pay spend every month (contactless debit card subject to eligibility). You must be registered for Internet Banking. Offer ends 30 September 2017

Top comments

mjb1975

8 Feb 17 4 #6

I've just switched away from TSB having had it since last year (gone with HSBC Advance, £200 cashback in total). The 5% contactless purchases works out at a max of a fiver a month, and that expires in September, so eight month's worth = £40.

Btw, perfectly fine, just tarting my current account around for various switching bonuses. Nice, clean app for banking too. Only switched away as my contactless thing has expired and they've reduced the interest rate. No complaints about them while I've been with them.

vassy4u to MaximusRo

8 Feb 17 3 #29

No yay. Halifax only pays £3 now :smirk:

blueroo

8 Feb 17 3 #11

Poorer

ohdearohdear

8 Feb 17 3 #3

I am with Lloyds since 2007 :confused: what will i get for this time?

Latest comments (166)

iAmLegendFam

25 Jul 17 #166

30+ days now, poor from TSB

Jijin2

29 Mar 17 #165

I'm still waiting for my bonus as well, think the actual switch happened on the 1st of March while I applied around the 24th of February.

ncp2102

28 Mar 17 #164

Contact them on twitter bud

BigPlonker

28 Mar 17 #163

Not sure, but either way it's still more than 28 days.

BigPlonker

28 Mar 17 #162

Yep, all as described. I'm going to wait until the direct debits go out again next week and then get in touch.

Pateo

28 Mar 17 #161

Is the £125 paid from the date of opening current account or from the date of applying the switch?

ncp2102

28 Mar 17 #160

Did you do everything is said ?
Put £500 in?
2 direct debits
Through Money supermarket ?

BigPlonker

27 Mar 17 #159

My switch went through on 21st Feb but no payment yet

Pateo

27 Mar 17 #158

Cheers buddy!

ncp2102

27 Mar 17 #157

29 days bud

Pateo

21 Mar 17 #156

How many days after you applied for the switch until recieving payment?

ncp2102

21 Mar 17 #155

Got mine paid yesterday . Thanks guys

prudenza

14 Mar 17 #154

Hmm... slaha11, i would assume that you should still qualify for the switch offer.
I would switch anyway and see what happens. It's free....

slaha11

13 Mar 17 #153

applied before, but account penned after the deadline

prudenza

13 Mar 17 #152

Did you apply before the deadline or after?

slaha11

11 Mar 17 #151

account is now opened. wonder if I will get the MSE offer, as it was opened after 27 th feb!

prudenza

9 Mar 17 1 #150

I think anything over £1500 earns no interest regardless of where the money comes from.
The T&Cs on mse state that the two direct debits have to be active for 28 days after the switch to get your £125 payment. I think as long as you have two you should be fine.

Pateo

8 Mar 17 #149

Have you any idea if "£45 interest on a £1500 balance) in your first year" does that include interest on my switched balance or do you think thats only for any payments into tsb account from now onwards?
Also you or anyone else in this thread no if i were to cancel a couple of my direct debits before the first month of opening this Tsb account still leaving at least two other direct debits active will this void my £125 switching Bonus?

slaha11

8 Mar 17 #148

got an ID letter. jabe to visit the branch. wondering if they will honour the reward, as the account opening did not happen by 27 th! any idea?

prudenza

5 Mar 17 #147

Folks, I have a question.

For some reason I'm having trouble with the direct debit requirement.

I switched my paypal DD to the old account and have made 2 transactions but it's still not showing up on old account as DD! Dunno what's happened but paypal seem to have taken money from the ether as the backup credit card has not been charged either.

The other DD I've changed to the old account is not due to be debited till the 21st March or so. A few couldn't be moved because it was too close to DD day.

So my question is this:

Will i have fulfilled the 2 "active" DD requirements simply by having the two of them on file in the old account even though nothing's been taken from them?

Has anyone been in a similar position? Thanks.

Anon32

4 Mar 17 #146

It has to be less than £30 also you can only make 3 transactions in a day i think! Otherwise if someone found your card! They can still buy £90 of booze without using a pin! They could make it unlimited but you'd be the first to complain saying 'can't belive the bank allow unlimited purchases at £30, that's ridiculous' its always te banks fault never the customer! So therefore after three uses it asks for the pin until the next day! By then you should have canceled your card!

prudenza

28 Feb 17 #145

Finally got an email and text saying application approved. Now to get a-switching.....
Two direct debits, aargh!

5557223

27 Feb 17 1 #144

If you get the ID letter, make sure the branch calls the number on the letter... otherwise lots of people complaining that the ID check never went through. The number is for TSB fraud prevention and they're different to account opening.

Geebsie

26 Feb 17 #143

I made an online application on Friday and submitted ID yesterday at a branch - which I am told will be physically submitted by that branch to TSB HQ by post on Monday evening. Slightly concerned this may mean the account isn't considered as 'opened' by close of business on Monday 27 February - anyone in the same position?

vassy1

24 Feb 17 #142

Sorry to hear. I had the same procedure. I got mine accepted. Switching completing on 28th.

usman330

24 Feb 17 #141

these lot are a joke. I applied for an account with them, application said go into branch with id. Did that then get an email a few days later saying they cannot open an account for me, no explanation why.
I have have never ever been rejected for any credit and have an exceptional credit record - dont know how they managed to reject me!

prudenza

22 Feb 17 #140

Ah, strange. I guess that means I'll likely be declined or something. First time ever!

bigwheels

22 Feb 17 #139

Mine just produced an account number sort code and overdraft details there and then.

prudenza

22 Feb 17 #138

How long does the decision take? Was expecting an instant decision but email says application processing....

DarrylJohn

19 Feb 17 #137

Get yourself invested in AIM shares. One to look for is BMN.

I should add, AIM investments are very risky and money could go down. I'm currently roughly only 20% up over 4 years. That's around 1k per year. Go back a year and I was down 7k... That's AIM. Takes some balls that's for sure :laughing:

BMN are close to getting a working mine from EVRAZ. If that goes through, the current share price will be a distant memory.

bigwheels

19 Feb 17 1 #136

I switched using an old dead account I had with Barclays added an old paypal direct debit and a credit card direct debit to meet the terms for the switch.
I applied on the 9/2/17 and used their switching service,it completed on the 17/02/17.
Money and direct debits all moved. I even rang paypal and credit card to check direct debits had moved they had.Ive made a small purchase on each to make sure they are classed as active.Added £1500.00 for the good interest rate and will add £500.00 a month and spend £100.00 contactless payment to get an extra £5.00.So far all went fine no issues what so ever.

dilatedpupils

17 Feb 17 #135

I have set up a charity DD recently that takes its first payment on 1/3/17. It has shown up on my internet banking...I take it's now active and I can start the switch?

slaha11

17 Feb 17 #134

how is the experience guys? anybody tried?

vassy1

17 Feb 17 #133

The cashback is only when you switch your account through them.

mnneast

17 Feb 17 #132

Think for £125 switching bonus!

Neobrown

17 Feb 17 #131

Why does the OP suggest doing this deal via Money Supermarkets website?

whw

15 Feb 17 #130

I'm working to the rule that if cashback per month covers the fee and therefore doesn't reduce the interest I earn, then keep it. Otherwise look to split it into other current accounts (Lloyds, TSB, Tesco etc), any left over goes into regular savers.

Tbh splitting it up may earn you more interest albeit with more fiddling of Direct Debits and depositing money per month into each account.

Depends if you are just happy with roughly £25 per month for your £18k with little work.

smaskell

15 Feb 17 #129

I have 18k in a santander 123 account. I'm just wondering if I'm best staying put or what my best option is?

WillPS

14 Feb 17 #128

They definitely are, but it's not Lloyds offering this incentive. It would be more legitimate to claim the Halifax switching bonus is a Lloyds offer.

whw

14 Feb 17 #127

I'm pretty sure I read somewhere over the weekend their framework is still linked from their LloydsTSB days but are in the process of disentangling.

WillPS

14 Feb 17 #126

For some reason HUKD are putting out emails saying that it is Lloyds who are offering £125 switch incentive. Where have they got that idea from?

ahthatsamazing

14 Feb 17 #125

I'm with Citibank UK - absolutely useless bank apart from the free £500 overdraft

I'd move but they don't sodding support the Switching Service. MUGS

vassy1

13 Feb 17 #124

Thanks :smiley:

scgf

13 Feb 17 1 #123

It was instant for me - they will tell you online if you are accepted, but I suppose they might refer you if they need further verification or need human intervention.

vassy4u

13 Feb 17 #121

How long do they take to process the application for opening an account???

vassy1

13 Feb 17 #122

How long do they take to process the application for opening an account???

adamsxi

12 Feb 17 #120

Are you yoda?

bahtek86

12 Feb 17 #119

do anyone know how many days they have to pay 125 bonus?

KOGONAI

11 Feb 17 #118

poorly worded response-i definitely meant to ask which one is better but you seem to have already answered it.thanks.

Ashe

11 Feb 17 #117

Confused here - "probably?" If you wrote it, shouldn't you know? In any case, they're both £125.

KOGONAI

11 Feb 17 #116

probably meant which deal is better.

Ashe

11 Feb 17 #115

Moneysupermarket bought MoneySavingExpert a few years ago.

cliosport65

11 Feb 17 #114

oh dear :smile::smile:

jans

11 Feb 17 1 #113

He's Not Your Buddy, Guy!

Sorry, couldn't resist :smile:

-

cliosport65

11 Feb 17 1 #112

Yeah I get your point buddy depends which way you read it I will give you that :wink:

Spartan88

11 Feb 17 #111

With 3% interest on up to £1500 you'll probably want to keep the balance as close to this as possible. Little chance of going overdrawn if you do so.

Spartan88

11 Feb 17 1 #110

That's why my post said 'you'll have had'. My cash was out of Club Lloyd's the day the rate dropped. I don't pay the fee either.

ohdearohdear

10 Feb 17 1 #109

No. not a medal but at least £125 like every new customer

Jules_HT

10 Feb 17 #108

DD only, and yes only 1 per bank, but you do 10 banks and you're a grand richer- then having tried them all move to the one you liked the most!

You need to read this http://www.hotukdeals.com/deals/maximise-bank-switch-incentives-earn-up-900-one-guide-2079867

RogerN

10 Feb 17 #107

high fees for going overdrawn, there's a daily charge and a monthly charge. irksome when they are (deliberately?) slow to show transactions and cash withdrawals online and on their app (available on ios and android only - but app will not run on ROOTED android!). take the money and run!

KOGONAI

9 Feb 17 #106

which one is better.moneysupermarket or moneysavingexpert? as they both seem very similar

Ashan85

9 Feb 17 #105

Jules, thank you very much for this good advice. Which would be the easiest banks to open accounts with? The non incentive ones.

3applepie

9 Feb 17 1 #104

I have 2 accounts already and used the contactless cards for both accounts, its easy to max to £100 on each card if you use them to pay for petrol amongst other things, was getting £10 a month from them until my cashback period finished in December. It's money for nothing. I'm not sure, but I think they now only allow 1 Classic Plus Account per customer.

domhnulld

9 Feb 17 #103

Until September so 8 * £5 = £40?

Mulva42

9 Feb 17 #102

Does this include joint accounts?

bigwheels

9 Feb 17 #101

Don't get me wrong I'm using an old unused account to get this cash back and will never go overdrawn.
And will not face any of you listed issues. Good that you pointed them out for everyone so they can take heed.

bigwheels

9 Feb 17 #100

That's why I use first direct as my main account, I got a £500 overdraft included and the first £250 is interest free.
The AA took out £8000 for an ISA without warning. Causing me to be overdrawn by £7500. I was called @ 9.00am by First direct and informed of this issue. After moving the isa money from savings into my current account and going back into credit I asked how much I would be fined. I was told that as I was overdrawn and back in credit the same day before 23.00 pm there would be no charge.
That's why I would never leave them.

RustyR

9 Feb 17 #99

They don't actually specify the £125 switch bonus anywhere on the application page, apparently they get updates from Money Supermarket about it every Monday of who's applied so they only verify it over the phone.

SeraphXii

9 Feb 17 2 #98

I don't understand this site sometimes. I made this deal when they had it 3 months ago and it didn't even reach hot :confused:

PinkyPonk

9 Feb 17 #97

Thanks for the info Jules, i'm new to it too ... Do you know if I could use some standing orders to e.g. charities as direct debit or does it specifically have to be a DD to meet their T&C?

True, but you can only do the bonus once with each bank isn't it?

Thanks

shmuli9

9 Feb 17 #96

i have never received a switching bonus on my classic plus account. is there a way to take advantage of this offer now?
maybe close my account. will that work?

captainkev

9 Feb 17 1 #95

I looked at this, tempted by the £125, but then I looked at the fees they charge.

e.g. 1) no overdraft and they decline a payment due to insufficient funds? £10 every time it happens
2) Got an overdraft, and want to use it? £6 a month, plus interest.
3) "A payment from your account takes you into an Unplanned Overdraft and you make another payment from the account while you are overdrawn." £21 plus interest (even if you're only £26 overdrawn)

Wouldn't be long before they recoup their £125 from me if I moved to them!

Sizzle

9 Feb 17 #94

I used moneysupermarket to apply for the TSB current account, once it was completed i had to go in to a meeting. Came back out and the session had timed out meaning i couldn't begin the switching application. Through MoneySupermarket there was no way to access the switching page unless you went through the TSB pages. Ive applied for the switch now but hopefully the £125 is not affected by the lack of cookies for when i begun my application for switching.

Main point: Don't half do it, complete your current account opening and then begin the switch process to avoid any issues.

gemniz

9 Feb 17 #93

so when i switch my account to TSB, it will definitely cancel my old account? and there's no way to stop this from happening and get the switching bonus?

lindus

9 Feb 17 1 #92

I don't understand I only have 1 tsb account atall? the current account. any advice be greatly recieved :smile:

jans

9 Feb 17 #91

I think you have to use their Switching Service to qualify for the £125 bonus which means they transfer your account over and any direct debits/standing orders on your behalf. You don't do the direct debits yourself. Did you also apply via the Money Supermaket website? As it says above in the deal, that is also one of the requisites to receive the bonus.

paulmcmanus83

9 Feb 17 #90

Can someone please advise me - I've just applied for and opened this Current Account, to get the £125 switching bonus do I move (2/3) of my Direct Debits and I setup a standing order to pay £500/month from my existing bank account?

Jules_HT

9 Feb 17 #89

I've switched various accounts 4 times in the last 6 months and not had any fluctuation of my credit rating whatsoever.

NatWest is good for me for one account (the one I put all my household bills through) because for £3 a month I get about £15 cashback on all my household bills.

Sounds like you need to set up a couple of temporary easy to apply online bank accounts which don't offer switching bonuses. Set up 4 DDs on each and fund them from your main account. Then switch both the new accounts to reward paying providers (eg. 1 to TSB which you use for spending (contactless as much as you can) and holding £1500 of your savings, and 1 to HSBC for the high switching bonus). Then set yourself up a pair of Tesco accounts for 3% on £3K each. That'll give you 3% on £7.5K, cashback on all your bills, cashback on contactless transactions, and £300 of switching bonuses. Stick the rest of your savings in a Santander 123 account and get 1.5% on your remaining savings. If you need to set up a few standing orders to circulate your money round the accounts to make sure you hit the minimum pay-in on each of them, then do it.

There is real free money to be made doing this. Don't be loyal to your bank, they aren't loyal to you!

TMelt

9 Feb 17 #88

Any idea how quick the cashback is paid? Also, is there a set overdraft limit and what are the fees for going into an overdraft?

usman330

9 Feb 17 #87

Yes, its a sub account of a current account. Any account thats got a sort code and account number can have direct debits

dilatedpupils

9 Feb 17 #86

I think the £500 p/m is to earn 3% on first £1500? I plan on switching put will not have £500 going in a month just a lump sum.

ZeroAbbadon2

9 Feb 17 #85

The £500 isn't a monthly input, just deposit it to the account once withing 28 days

eloo

9 Feb 17 #84

I never did this before so how do I do this? I only got one NatWest debit card

tstevens05

9 Feb 17 #83

Sorry if this seems silly, just realised it says in the post I have to apply through MSE. I just clicked the apply now button in the corner, it still takes you to the screen stating you can earn £125 by switching. Will this still work, or is it a MUST to go through MSE?

scgf

9 Feb 17 #82

TSB is a very good bank. I've been with them for well over a year and have had no issues. I recently retired and a lump sum was paid into my TSB account. I wanted to pay off my mortgage with another bank but fell foul of the maximum daily limit on online payments. I rang them and was told I needed to go to a branch and do a CHAPS payment which would cost me £30 (if I remember correctly). I protested saying that my nearest branch was a train ride away. They offered to cover the cost of the CHAPS transfer and the cost of the rail ticket and promptly credited my account with the funds! How about that for excellent customer service! Had a nice day out shopping :smiley:

wildecat

9 Feb 17 #81

You've got a Lloyds savings account with Direct Debit mandates? :confused:

usman330

9 Feb 17 #80

Can you use a savings account as the donor to do the switch. e.g. in my lloyds i have a current account, and also a savings account with its own sort code and account number and direct debits. Would it work or do TSB know this isnt a proper current account

alexandertwilson

9 Feb 17 #79

Moved last year with a similar offer, only bugbear I've had so far is my card getting chewed up on a Saturday night. Ah. Other than that, good stuff.

rustyjames

9 Feb 17 #78

Why do we need to go via This is Money Supermarket?

Taz1529

9 Feb 17 #77

I was about to complain that I never got a bonus when I signed up to TSB, but then I remember that as a bank they're one of the best.

I've had 2 balance transfers with them, 1 I paid off in full at the end and then another was offered to me, which I've just taken. I have a low rate loan with them (nobody else would have offered me the same). Every other bank I deal with just seems to want you to overpay everything. I'd recommend them over first direct too

5557223

9 Feb 17 #76

If I have 2 accounts, can I use this to switch just one of them to TSB and keep the other one or does the switching service close all existing accounts in my name?

bigwheels

9 Feb 17 #75

All Done.
Just need the debit card to get started.
And wait for the cash back etc.

howdiefellas

9 Feb 17 1 #74

I've been with Lloyds since 1996...what do you want, a medal?

Edward_Nigma

9 Feb 17 #73

I've had 2 of these accounts for a while now. Used to get 5% on £2k as previously said, but this is now 3% on £1.5k, however it's still a very good rate in my opinion and TSB are often overlooked

I don't need any DD on my accounts to earn the interest, but I guess this is necessary to qualify for the switching bonus. As for funding the account - I send £500 from one account to the another and back again, so there are no issues with internal transfers to meet the £500 monthly funding and qualify for the interest payments :smiley:

Good deal

premierfella

9 Feb 17 #72

I understand these complaints about contactless occasionally not being an option for security reasons, but 99% of the time that sort of problem can be avoided by simply doing a token purchase occasionally using PIN, or immediately before the larger transaction you REALLY want to be contactless to get the TSB cashback.

flamethrower

9 Feb 17 #71

I guess it's a security feature I know at least with my Amex I would need to enter the pin after a certain number of contactless payments.

Mulva42

9 Feb 17 #70

Right im switching from bank of scotland, sick of paying them £15 a month for an account i didn't want and won't give me payments back,and they are still advising me its the best account for me even though i dont use the benefits basically got a letter from BOS saying well you haven't moved banks so you must agree to the charges.
Crooks that's all the BOS are. Rant over
Will be applying for this TSB account later this evening, thxs

fightoffyour

9 Feb 17 #69

I had this problem but I got around it by using Apple Pay with the TSB card instead. I don't even know what the pin number is.

usman330

9 Feb 17 #68

when they say 'switch' do they close down the old account.
E.g. my bank is lloyds, if I apply for this will the Lloyds account get closed down automatically once this one opens up.
Would prefer if I could just leave it open.

Also, in regards to 2 direct debits needed to switch. What if I have no direct debits to switch.. Its not possible to set up direct debits ourselves as customers unless they are real, as customers we can only set up standing orders I think?

mjb1975

9 Feb 17 #67

Actually, now people mention it, yes, I was prompted to enter my PIN when doing contactless transactions, thus negating the cashback. It certainly wasn't often but it was noticeable enough to be annoying. Never happens with my Amex card, for example.

xeroc

9 Feb 17 #66

Monthly fee waived if you pay in £1500p/m :smiley:

cliosport65

9 Feb 17 #65

exactly same as Halifax and Lloyds with the bank transfer thing. :wink:

cliosport65

9 Feb 17 #64

shame existing TSB customers can't get this deal :disappointed:

drummerdickens

9 Feb 17 #63

Excellent bank. With them for the switch bonus but they've exceeded expectations.

What I really like is that you can do ALL bank transfers and payments without a card reader. You get an automated phonecall asking you to confirm a code on screen meaning you can perform secure transactions anywhere.

cliosport65

9 Feb 17 1 #62

Read your emails and letters the club lloyds account is now 2% and a monthly fee of £3 , I am surprised the amount of people who don't pay attention to this :confused:

cliosport65

9 Feb 17 #61

Yeah interesting you raise this I complained to TSB about this exact issue, they deny it of course so I worked out it was very hit and miss the contactless side of it probably more there plan in the long run.

Nothing worse than getting almost a £30 spend thinking it would be contactless bonus to find it doesn't work and you have to enter your pin. :disappointed:

cliosport65

9 Feb 17 1 #60

I think you need to read your letters and emails more as it has changed to £3 now :laughing:

blinko

9 Feb 17 #59

Excellent spot!(£40)

Leetness

9 Feb 17 #58

You have to enter your pin as a security feature to make sure it's still you. Fancy having your card pinched and then have your account rinsed?

chegwin

9 Feb 17 #57

2% now

chegwin

9 Feb 17 #56

Yeah happens to me now an then. I think you after enter your pin after every 10 transaction s or so. I use mine in pub, buying a pint

mamof3

9 Feb 17 #55

T&cs state u cannot Transfer a joint account with this deal :disappointed:

bahtek86

9 Feb 17 #54

very easy just make sure your direct debits are working after if not create new

thewolf8u

9 Feb 17 #53

If it's a joint account you may need to spend your Saturday morning in branch to complete the switch, I changed to Halifax last year and found out half way through the process that it wouldn't complete unless we went in branch....so much for the easy switchover.

callum84

9 Feb 17 #52

Its just like any other credit check. You dont want too many within 12 months but 1 or 2 wont hurt in the long run.
If however your about to apply for a mortgage in next 6 months its better to hold off as every credit check counts.

Only being with your bank for a short period on future checks has no great effect that I've noticed.

Vik2ra

9 Feb 17 #51

very easy, they'll do it for you :smiley:

rodman

9 Feb 17 #50

agree!

nij1308

9 Feb 17 #49

They offer a credit card too which gives 1% cash back on the first £500 spent every month, so another fiver saved every month if you spend the full amount! it's pretty good!

urinthematrix

9 Feb 17 1 #48

Great deal tho, but I am already with Lloyds, can I get this deal?

Legfan2

9 Feb 17 #47

I just switched to their reward account, no minimum pay in and no direct debits, £100, changing to £75 come March. Dont confuse with the reward plus account which has a £15 a month charge !

leeparsons

9 Feb 17 #46

Can you qualif for this, if you close this account and then reopen?

Anon32

9 Feb 17 1 #45

If you kerp on then yes but not if you dn't switch that often

YouDontWantToKnow

9 Feb 17 #44

Well

That wasnt easy

Spartan88

9 Feb 17 #43

If they're not Classic Plus accounts you can open one and switch another non TSB account to it.

lindus

9 Feb 17 #42

DON'T ENTER YOUR PIN SAY NO .... THE WHOLE POINT IN CONTACTLESS IS TO STOP ME HAVING TO USE A PIN. GO ELSEWHERE IF EVERYONE DOES IT. .. I CAN ASSURE YOU IT WILL GET SORTED SOON :smile: ER

lindus

9 Feb 17 #41

Don't do it purposely leave the inconvenience will soon have them sorting that out. never mind loss of custom. also ur raising the bar for others not to be ripped off either :smile:

lindus

9 Feb 17 #40

sorry above

lindus

9 Feb 17 #39

I'm jus a current account 2 direct debits.... never had any reward ever NO ? :smirk:

kowalski

9 Feb 17 #34

I found the 5% cashback a bit of a con - sometimes as often as 1/3 times I tried to use contactless (eg shopping in Co-op, Tesco and M&S) it would ask me to enter my card and pop in the pin (possibly disqualifying that transaction from cashback as it was no longer 'contactless') - anyone else have this problem?

Spartan88 to kowalski

9 Feb 17 #38

I've had to enter a PIN perhaps 3 times in 4 months.

lindus

9 Feb 17 #35

what if u are tsb already ?

Spartan88 to lindus

9 Feb 17 #37

Depends what account you have, whether you've had a switching bonus previously or whether you want to close/downgrade your account and apply for another qualifying one.

Spartan88

9 Feb 17 #36

You'll have had 4% Interest on your Club Lloyd's current account and Club Lloyd's Monthly saver for almost 3 years. Not too bad!

happydeals

8 Feb 17 #33

Thanks

dezbo8888

8 Feb 17 #32

am with them already any other deals was thinking of switching to haifax 100£ switching bonus
any suggestions

Kamilione

8 Feb 17 #31

What if I am already with TSB for over 6 years. Can I get the switch bonus? Or it has to be new account and a switch?

vassy4u

8 Feb 17 #30

It's only till September. So 8*5=£40

MaximusRo

8 Feb 17 #26

Halifax still pays me £5/month, hard to beat it. Say yay if you're with me

vassy4u to MaximusRo

8 Feb 17 3 #29

No yay. Halifax only pays £3 now :smirk:

Vistrix

8 Feb 17 #28

Did this last time this offer was on. About a year ago?

Didnt get the £125 bonus which was disappointing.

samuelsmith87

8 Feb 17 #27

FREE MONEY!!!!!

MaximusRo

8 Feb 17 #25

Why £40 and not £60 If it is £5/month (5% on £100)?

blinko

8 Feb 17 2 #4

Looks awesome, I don't get the £40 cash back though. 5% on £100 spend?

muffboy to blinko

8 Feb 17 #24

Me neither

bigwheels

8 Feb 17 #23

I don't care this is a dead account I will be using I'm with first direct for my main account and would not leave them for a £1000.00. Best service I've ever had.

shatteredneon

8 Feb 17 1 #20

Hot for the cash back but this is a rubbish current account. I did a switch about a year ago, payments take ages to clear and spending takes days to show up on account, which makes budgeting a nightmare. By comparison to my Nationwide account which always responds much quicker. Will be switching again soon

knack to shatteredneon

8 Feb 17 1 #22

I disagree this is a rubbish account. Until recently I was getting 5% on £2000 and £5 per month on contactless spends. It's not quite as good now but certainly not rubbish and not worth getting rid of IMO.

I've personally not had a problem with payments being slow. If the spending is using contactless card there will always be a delay in updating available balance if the transaction isn't authorised online. The rare times I've used chip and pin, it hasn't been slower than any other bank.

bigwheels

8 Feb 17 #2

Just setup a second DD on my spare account so I can take up this offer.
Hoping that yorkshire bank will bring back the £200.00 switching offer again at a later date.

CR_&_JR to bigwheels

8 Feb 17 #21

If they don't close down your local branch to increase their profits to be solded by NAB :confused:

ikabod32

8 Feb 17 #19

hsbc, Co - op and first direct have good switching deals but all have higher monthly input commitment or monthly costs,. Therefore Tsb looked the best for me. worth a look though, might be better for you.

ikabod32

8 Feb 17 #18

crazy .. I was just in the process of applying for this account after seeing it on Martin lewis website. Then I saw your post. It looks ideal because of the low £500 monthly input . Your post highlights that it's an okay deal . Heat from me. Thanks for posting.

bma1445

8 Feb 17 2 #17

Switching banks won't affect your credit rating, but most lenders will ask for the amount of time with your current bank (logically, more time with bank = more stable finances) and may use that in their decision making process.

tom_g

8 Feb 17 #12

Never changed bank accounts from RBS for the last 10 years, is it easy to change details for direct debits and work payments etc?

samspud to tom_g

8 Feb 17 #15

Sooo easy now with the 7 day switch service

shakeyjake66 to tom_g

8 Feb 17 #16

Yes. They do it all for you. Any payments you've forgotten to rearrange and get credited to your old (closed) account automatically get paid into your new one. It's incredibly easy now.

samspud

8 Feb 17 1 #14

blueroo

8 Feb 17 #13

Take a look at tesco bank. Just announced guaranteed 3% for 2 years on £3k, you can open 2 accounts. Also nationwide 5% on first £2.5k for first year.

blueroo

8 Feb 17 3 #11

Poorer

hotdealsuk1973

8 Feb 17 1 #10

The government will announce new proposals for switching to entice people to do so its expected this will mean more banks will be giving out these switching bonuses although most have already had them in one form or another.

MazingerZ

8 Feb 17 1 #9

does switching banks affect credit ratings? I'm looking to switch, never have but Natwest sucks at the moment, I've got like £15k sitting in the bank, doing nothing...

mjb1975

8 Feb 17 4 #6

goldy12 to mjb1975

8 Feb 17 #8

Same here, took advantage of this deal last year and now looking to switch away as the offer I had have finished . Contactless gone, 5% regular saver gone and the 5% on £2000 balance is now 3% on £1500. Nothing against TSB just got to chase the rates was considering the Coop Bank myself

JPS

8 Feb 17 1 #7

I saw this on MSE last week and ditched and switched to them. Everything has come through really fast, they seem great!

thebestrc

8 Feb 17 #5

New customers only I take it then?

ohdearohdear

8 Feb 17 3 #3

I am with Lloyds since 2007 :confused: what will i get for this time?

Vik2ra

8 Feb 17 #1

Sounds good :sunglasses: