Thanks vassy :smile:

Ohhhh...



:laughing:

Need-to-knows
- To get the switching bonus, apply by Mon 26 Jun and fully switch to it including 2+ active direct debits (what counts as active?) using TSB's switching service by Fri 14 Jul (DD's must still be active for at least 28 days after the switch completes). You also need to pay in £500+ in the first 28 days from switching.
- You need to allow cookies in your browser else the £130 switching offer mightn't track.
- You won't get the bonus if you've ever got a switching bonus from TSB before or if you currently hold a Classic Plus account in your sole name.
- The bonus is paid to your account within 28 working days of the switch completing as long as you've met the terms above. If you have any issues with your switch, call TSB's Switcher Team on 0345 835 7838.
- The 20 transactions need to be made within a calendar month – the date of transaction will be when the money's taken from your account, which could be a couple of days after you spend. Online, contactless and Apple and Android Pay transactions count, but ATM withdrawals don't.
- The direct debits need to go out within the calendar month (so watch out for bank holidays & weekends), and need to be paid to different companies. You need to be registered for internet banking for this cashback.
- You'll need to pay in £500/mth, register for internet banking (and log in at least once a year) & opt for paperless statements & correspondence to get the interest.
- If you have more than one account, you can get the cashback on both, provided you meet the criteria on each account, but you can only get one switching bonus.
- This account has a linked 2% regular saver, though this can be beaten by other regular saver accounts.
- TSB has the full £85,000 UK savings safety guarantee.

For those wanting free DD's the best options are a Post Office savings account, and a Scottish Widows saving account.

Need-to-knows
- To get the switching bonus, apply by Mon 26 Jun and fully switch to it including 2+ active direct debits (what counts as active?) using TSB's switching service by Fri 14 Jul (DD's must still be active for at least 28 days after the switch completes). You also need to pay in £500+ in the first 28 days from switching.
- You need to allow cookies in your browser else the £130 switching offer mightn't track.
- You won't get the bonus if you've ever got a switching bonus from TSB before or if you currently hold a Classic Plus account in your sole name.
- The bonus is paid to your account within 28 working days of the switch completing as long as you've met the terms above. If you have any issues with your switch, call TSB's Switcher Team on 0345 835 7838.
- The 20 transactions need to be made within a calendar month – the date of transaction will be when the money's taken from your account, which could be a couple of days after you spend. Online, contactless and Apple and Android Pay transactions count, but ATM withdrawals don't.
- The direct debits need to go out within the calendar month (so watch out for bank holidays & weekends), and need to be paid to different companies. You need to be registered for internet banking for this cashback.
- You'll need to pay in £500/mth, register for internet banking (and log in at least once a year) & opt for paperless statements & correspondence to get the interest.
- If you have more than one account, you can get the cashback on both, provided you meet the criteria on each account, but you can only get one switching bonus.
- This account has a linked 2% regular saver, though this can be beaten by other regular saver accounts.
- TSB has the full £85,000 UK savings safety guarantee.

Dayam, I wasn't aware of this "It pays out £5 every month you have two or more direct debits paid out"
Is this also available for existing customers on the Classic Plus?

Not sure if it applies to existing customers. I switched to TSB when it was posted last time. They never had this £5 monthly bonus for just having two direct debits. :disappointed:

Ohhhh...



:laughing:

I'm onto them right now, I must be slippin' if I missed this 2x debit bonus...

Thanks vassy :smile:

I have a classic plus account but never got any switching bonus when I opened it.. :disappointed:
I wonder if I can close it and switch one of my other accounts to get the bonus

Can you still get the £130 bonus if you don't have any direct debits set up?
By switching from Halifax to tsb?

From the T&C's: "£5 cashback every month just for having two direct debits per month. ‡ For accounts opened on or after 1 March 2017 only. Offer ends 30 June 2018. You must be registered for internet banking. T&Cs apply."

what happens if you get the cash then close the account the month after? Doesn't mention if they would ask for it back.

Damn...I only opened an account with them like 2 weeks ago! :neutral_face:

Thanks Vassy. heat added.

Any current customers, what is their online banking/mobile app(s) like?

It says you need 2 direct debits set up to qualify?

I have accounts with Nationwide and Halifax , do i have to switch one of them or can i just open a new account and set up two direct debits ?

Let us know too please I did the same as vassy when it was posted ages ago for the 5% now 3%. It's about time banks started looking after existing customers not just new.

I switched to them the other month, or so I thought. Turns out it's hidden somewhere in the T+C's that you have to go into branch to complete the switch. Don't get caught out by this BS as I got nothing out of it.

Pretty good deal I may bite. There is no rush for anyone wondering.

From the T&C's: "£5 cashback every month just for having two direct debits per month. ‡ For accounts opened on or after 1 March 2017 only. Offer ends 30 June 2018. You must be registered for internet banking. T&Cs apply."

So the answer is no, unless they make an exception

Ok cheers bud.

Does it automatically close the previous account that it switches from? I rather like my student/graduate NatWest account with overdraft so don't want to close it!

Thanks that's annoying :disappointed:

I'm an existing customer! I've had my interest rate cut from the 5% to 3% and i gather this is to attract new customers only! Time to change just like mobiles and broadband if you stay they screw you for new customers only! The only thing is this affects your credit record as credit companies prefer a bank account that ypu've held for a long time as it shows stability! Anyone had any problems

I rang them they said you need 2 active direct debits to complete switch,
I don't have any so don't quality

That's what the advisor said lol

Don't you have direct debits on any bank account you hold?

I do but I don't want to switch that account

amir sorry if I added my post to your post by accident

Just get two direct debits to be paid by this new account of yours if not start 2 direct debit to a charity organization

nice find, heat added

Was tempted by this a few weeks ago, but now there's £130 for switching too it's a no brainer. Hot!

Does active mean the direct debit has to have paid out before?

"An active direct debit is one that has paid out in the last 13 months, or – if it has never paid out – is less than 13 months old.

Direct debits have this dormancy rule in place, so old direct debits can remain active even if you're not paying out on them every month in case they're needed again, or they're there for annual payments. But, after 13 months, your bank may remove them from your account, or mark them as inactive."

So could you register some new direct debits and they'll count towards the criteria even though they have never paid out before?

That doesn't answer my question. At all.

Yep

Yes your old account will be closed on the seventh day of the switch process. Any future payments made to that account will be automatically transferred to the new account for 3 years

Got a Halifax account I don't really want to switch as I've got a credit card and other accounts with them. Wonder if I should just open a current account somewhere for the purpose of switching?

You can do. I have main account with Halifax and I have a second account which I keep switching for cashback purposes. See if anyone offers cashback for opening an account. You can switch that after few days.

Where does it say that? Never known that to be a requirement for any switch incentive and it's not listed in the terms for this offer
http://www.tsb.co.uk/cashback-money-supermarket-termsandconditions.pdf

Ok I now checked and it was HSBC I switched to, sorry. Hopefully this one will be easier. As you say they don't normaly ask you to do it so I didn't realise till it was too late.

I have just gone for this, could not see any mention of the £5 for the two direct debits on the terms they offered me though?

They have a new app that's available to download for the past few weeks. You can amend SOs and delete DDs now. Also has Touch ID.

what if you change a direct debit mid term (gas and electric)?

I got the update done just now.

I see what you're saying, but existing customers have had these type of offers to benefit from.

We had benefits that included:

- 2 Classic Plus accounts in a sole name (now 1)
- 5% interest on up to £2k (now 3% on up to £1.5k)
- £5 cashback per month on contactless transactions
- £125 switch incentives

I'd even go far as to say that existing customers have had the better deal.

I switched from them to first direct a few months ago. Will I get a bonus if I switch back?

Don't think so. I would suggest a years gap to be on safe side.

thanks for sharing, good info to know

Thanks

i applied for this account a few weeks ago, but they have only just informed me I've been accepted - that took 3 weeks! Anyway, as I've not started banking with them yet, and the account is not even set up yet, how can i get the bonus?

bit aggrieved to have missed out on this one...

Give them a ring tomorrow and explain your situation.

Good deal, heat added :innocent:

Whoops, got past the credit check and realised I hadn't gone through the link. Doesn't want to work now, I'll try again tomorrow.

make sure you clear the cookies in your browser before trying again

It says in the deal link this:
"a. Apply for a new Classic Plus account by 26 June 2017 through MoneySupermarket or Money Saving Expert; " is the deal link valid then? Has it got the cookie?

Does this bank send you text messages of your balance each day

Spoke to Fion the TSB Pion earlier regarding existing customers.

She spoke to her manager as she was clueless, and the bottom line is:
1) No £5 for adding 2x dd's for existing customers
2) You can get it, but means you have to close the account and open a new one
3) For those that bags several of these accounts Pre-March, they won't convert any to these to a new Post March version, you have to close all of them to start afresh at 1 each and 1 joint acc.

In other words, existing customers mean nothing to these TCB clowns.

I have a Halifax account, no direct debits.. if I switch to tsb do I need to set up 2 direct debits before I switch. What's the cheapest direct debits I could set up

im in same situation.

You need to set up two direct debits. Two diff charities £1 each Monthly direct debit.

ive jioned 2 charities,but amount wont be taken out till next month1st,
do i wait till dd taken out then apply?

And pay in £500?

You have time till June 30th to switch.

So the first step is to open the account with them and then do the switch. That seems logical. However, I am not 100% sure how it's going to work after the account is opened. It's clear that to be eligible for cashback one needs to apply for a new account by following a specific link and enabling cookies. After a new account is opened with them do I also need to follow a specific link to switch an account or do I switch directly from a TSB web site? Cheers.

Lol I called twice and was told that I can't close my account then open a new one because I "would still be on their system"... but that made no sense and it sounded like the person had no idea what they were talking about so I called back again.. second one was more helpful and said that i could open a second account then go into branch and make it a joint account with someone else and then I would be eligible for the bonus.
And by the sounds of it they told you something completely different so that's 3 different answers from 3 different people! :laughing:

Think I'll just close it and reapply.. see what happens

So how easy is it to switch?
Is it ALL done by TSB?
Do I need to notify anyone such as my employer etc?..
Or Anyone I pay a direct debit to?

Curious, as I've only ever had one bank account and really have no idea.

Thanks

All easy. TCB does everything. Just fill their switch form. They give you a date by which switch would be completed.

easy switch, great bank, good enough app. can't be bothered to switch to first direct now

It's TSB you clown

i am just wondering if closing and reopening account will work?
i got 2 TSB plus in my sole, 1 joint , 1 in my wife's. so 4 accounts. we are thinking of closing all and open new for each of us. Can some1 plz confirm if we will eligible for this offer then?

No, you don't open an account first. You follow the link, put in the details of where you want to switch from and then if you pass their checks they open an account for you and go from there.

I was going to do the same thing...let me know if it works for you! :smiley:

So do you have accounts elsewhere that you can switch in to TSB? That's how you get the pay out. If not, then look at switching your accounts away to somewhere else. There are other banks that give payouts. You could switch one to Nationwide and although no bonus, if you recommended you partner they would get £100 and so would you. You could also refer 4 others for another £400. Look around. Plenty out there for all!

yes. i pretty much exhausted all switching offers apart from tsb and hsbc. but it didn't answer my question though

Well if you've done loads you should know the answer or at least how to look it up yourself. A switching bonus is paid if you switch an account and usually haven't had a payout before. Its not a close your account and open it again bonus. Does that answer your question?

Well I doubt you would fall into the category of switching accounts then. That too you are already banking with TSB. I might be wrong but worth ringing TSB.

thanks. not worth the hassle then. after how long tsb considers u a new customer? i am buying a house so all my savings will go in there so dont need these accounts as dey r purely for savings purposes.

If I start them today with the account I intend on closing for this switch, would the switch work as they wont be active will they? until the first donation is taken on the 1st and 15th of june.

Think it's between 6months to a year? Some have it for longer too

You have time to start the account till June 30th to be on safe side. But if you want to switch soon then I would advice ringing TSB

What do you mean? I'm not sure I follow as it clearly says here:
———
"£130 for switching – Apply for a Classic Plus account by 26 June 2017 and complete your switch to us using the Current Account Switch Service before 14 July 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 £130 payment you must allow cookies before selecting "Apply for a Classic Plus account".
———
From what I can see there is no direct link to get the switch done in one go. And if I go and start switching process it asks for a TSB current account details. :neutral_face:

Anyone know how long the cash back is guaranteed for? Is it just for the first year?

thanks

I did this last year. Really simple and easy to run the online banking and app.

Thanks for that

I went for it, didn't take long

I've got an existing Halifax current account (6 months old) with only a couple of pounds in it. I've just set up TWO direct debits of £1 a month each (Unicef & Cancer Research). These are due to be taken out of the Halifax account on 5th & 7th June. As soon as they're taken, I'll switch over to TSB, keeping the direct debits active. Give to charity and receive free money!

Is there a monthly cost for this type of account?

No. It's free

Everything seems fine. :smiley:

I've switched to HSBC, Halifax, Nationwide, Santander, and TSB within the last year- TSB has by far the quickest and easiest switching process; none of this messing around signing letters and sending them back (HSBC) or visiting your branch (Nationwide) business.

Only thing I'd say is that there are 2 apps- an old one and a new one. The new one is rubbish (e.g. when paying a payee you can't see the reference so if you've got more than one account for that payee you can't tell which is which); get the old one which is great.

What's the cheapest possible active direct debit? Would a payment to a family member count for example?

How easy is it to switch accounts? Also I currently have a graduate overdraft (fully paid off) and it's a nice safety net. Would this carry over?

Thanks

Have you got cashback every time you have switched??

Opened one month ago. Shame on me.

No complaints from me about TSB - the only issue is that all these incentives dry up after your first year (except a now very limited amount of interest). As long as you're not determined to stay with them forever, I'd wholeheartedly recommend.

In relation to existing customers and the account-related cashback benefits (not the switching cashback - the terms for that are separate) the terms and conditions are very clear (so its strange the staff on the phone don't know them!)

The term that rules existing Classic Plus customers out is:
"Term 1.2: You must not have had a Classic Plus account with TSB before 1 March 2017."
Under the terms and conditions, closing and reopening a Classic Plus account wouldn't work (that said, bank systems aren't always up to the task of applying the terms and conditions as explicitly stated!).

Have noticed recently that quite a few of their high street branches are shutting down , having said that upto 85k is covered by FSCS

I don't think that matters. High street branches for many banks are closing down because most people use online banking. In the last year a Natwest and HSBC closed here and I highly doubt either of those banks would be having financial difficulty

Do they offer an overdraft facility

can i set up a direct debit to another account i have with a different bank or does it need to be a business?

I switched to this account yesterday and no bonus for me. Also to get the £5 for direct debit you must have a minimum of £500 paid into your account each month.

Yes, but at £6 a month and 19.84% EAR its not the cheapest.

Miles better than Santander.... For even the lowest £50 overdraft it's £1 a day charge for every day it's in use.

It says you need to fill in the application and also the the separate online switching form to get the £130.
I've done the application but don't see any switching form.
Have I done something wrong ?

i clicked the link... it states :

"To qualify for £130, you must first complete the account application and then the separate online switching form. "

so ive applied for the account.. it then said wait till its been approved.

then you can fill in the online switching form?

same here.. doesn't give option to switch at same time as applying and the link this page sends you to, states on first page:

"To qualify for £130, you must first complete the account application and then the separate online switching form. "

Does the family member have a direct debit identifier number? I doubt it. Direct debits are used to pay businesses, not individuals.

Yes. You apply for the account then do the switch form. That's how it works. I got mine switched the same way.

Hopefully that's the case.

How long does it take to get the account approved ?

Gets approved instant.. But if they need some verification then Within 5-7 working days.

Like I said 85k would be covered but comparing closing down of TSB to HSBC and Natwest is irrelevant . yes Online banking has taken over but TSB only came back on the high street 4 -5 years ago after splitting with Lloyds bearing in mind they were once successful . My point was rushing to open branches and equally closing them down at the same speed is not good management.
On top of all this, it is a good way to make money out of these banks for the first year especially when ISA interest rates are so low.

i'd love to get this and switch but my credit rating is too bad ..

Applying for a current account shouldn't have a negative impact - just make sure you don't apply for an overdraft. You're not applying for 'credit' with a current account, so your credit rating has no impact on whether your application is successful. As long as you're on the electoral register and all your basic details match (name, address, DOB etc.) then you should get accepted.

To improve your credit score, get a credit card for low credit scorers (Aqua, MBNA etc.), pay it off in full each month - i.e. if you would have bought something for £20 with a debit card, then pay using your credit card and put the £20 'aside' in your current account.

You should notice an improvement in your credit score within 6 months if you do it right.

it was instant :smile:

I went to the branch just now and they told me that switching has to be done on moneymaket. com website

Clicking the link takes you to that page.

After the hassle of moving banks it expires on 30 June 2018

Tesco and Post Office Online Savings account

No - as soon as you set up the account online it prompts you to do the switching form.

what hassle? It's four minutes to do one form and one minute to do another. Then another couple of minutes to set-up online banking. All your direct debits and standing orders are transferred over.

That's a few minutes tapping on a keyboard for £130 as a minimum and maybe £300 in total depending on what you do with the account.

thanks

Are there any issues in terms of credit rating etc of closing a long term current account for this incentive? I'm sure I've had applications for credit products that have asked how long I've been with my current bank and always wondered if the length had a positive impact or not.

Can anyone confirm this:
I have opened an account. Do I need to wait until new direct debits are set up before I fil in a switch form? (I went with lotto/charity).

It seems I can leave switch form until my new direct debits are set up if necessary a T&C say "complete your switch to us by 14 July 2017 "

Do they sort out the DD switch over or do we need to sort it out?

Tsb will sort it

Nice, seems hardly any work then. Bit too good to be true

my wages are paid into my current bank account, do I need to supply my employer with the new tsb account details or does it get switched by tsb

Doh I just signed up for this and then read it closes your previous account.

Why do they have to do this. Totally arbitrary horse ****.

Is there an easy way to switch? Don't want to change my payroll and everything!

You need to notify the employer. The money if it gets credited to your current account it will get transferred to TSB account in the mean time.

You open account and have to switch account.

This is an easy way to switch. The bank takes care of everything. Your DD, standing orders. Etc.

That's not an explanation to my moan.

Paying a friend/family member 5p via paypal ? , just add your bank account to your paypal wallet and select that account to make payment. takes a few days to setup , requires a verification code which paypal send to your bank and is located on your internet banking (under pending transactions) , this is pretty instant in most cases.
Hope this helps.
Alternatively consider opening a Tesco Internet Saver and you can pay yourself £1 a month , this will take 3-4 weeks before first payment goes out though , probably just in time to get it setup for payments going out mid June.

ALWAYS use a secondary (doner) account to switch from . Setup a donor account first then use this to switch to your new accounts , keeping your main account long standing.

Thanks!

What about when I already owe an overdraft bank charge which is due to come out at the start of June?

Would that prevent the switch from going through? I really want to get away from Scamtander asap due to their over the top overdraft fee's, poor service and lack of caring about customers.

I currently have a Halifax current account 2 direct debits n my wages I also have an ISA and a credit card! I want to close the ISA anyway cos its rubbish but will the switch leave the isa and credit card there? I get paid next Friday will this be affected if i apply today? Thanks :smiley:

My current bank (Halifax) has offered me a 0% credit card which I was going to complete and return tonight. Would starting a Current Account switching process from Halifax to TSB cause any issues with this?

Arrr see first direct give me £250 free why is everyone charging for overdrafts now

I opened a TSB account last year, so I am not getting the payments for the Direct Debits. If I shut down the account and then Switch from another bank, will I get the £130 switching bonus.

If not, can I close the account and open a new one to get the Direct Debits?

Can I switch from a TSB graduate account? Or must be an account held with another bank?

Will the account have a charge? Some banks charge to have a reward account with the same benefits? Halifax for example charge you something like £5 a month to have the reward account with them.
Thanks

Are there any monthly fees for lack of minimum monthly pay-ins (Like First Direct who charge £10 a month unless you receive £1000).

Or any charges at all?

want to switch my spare halifax account which has 3 direct debits on.

Also need to know this

IE: In addition to another DD, can I send £50 a month from say Nat West to Barclays by DD, then switch Nat West to TSB

Nat West are closing near me so I'm gonna move it anyway

Or could I set up a DD to the national lottery?

Would this count as one

First Direct also charge you £10 a month unless you pay in £1000 each month.
so I wouldn't get so excited about them.
banking should be free.

Can someone confirm it's true and you need to go to branch to complete the switch?

Of course, it's the reason I've been switching!

I can confirm it is not true.

Also interested in this as based in NI...

No.. only if they need your id for verification they ask you come other wise its straight on.

.

Just finished switching from Halifax. It was indeed very straightforward. Opened a new account with TSB, got an e-mail a few hours later with a new account details and did the switch using the switch tool on their web site. Should be finalised on the 25th. Also as I wanted to have a current account with Halifax I opened a new one online at the same time as the TSB one and that was set-up pretty much straight away.

Anyone know if you're existing bank would offer you the same amount or less to stay with them if you told them you're wanting to switch because of this cash offering?

Lol.. they won't.. this is not a retention deal..

can i switch joint account for reward ?? i do have sole account with them.

Eh? Why have you quoted me with that question? I didn't ask it.

Can someone just clarify what "3% AER interest paid monthly on balances up to £1,500" means? (Sorry)

Is the consensus to set up two Direct Debits with charities?

They pay 3% interest per year of a maximum balance of £1500... You can have more in your bank but interest is only accumulated on £1500.

So, lets say you had £1000 in the account. That would mean £30 a year interest (or £2.50 interest paid into your account each month)

You would still also get £5 a month for 2 active direct debits

Haven't got a bank I would like to switch, can I just open account anywhere and use it to switch?

Yes

20 Debit transactions a month, DAMN!!!

I'm a cash man #underthetaxmanradar

Thanks, worth asking...lol

But i'll need to setup two direct debits on the new account before I switch it to TSB?


Transfer all active credits and debits which must include a minimum of 2 active Direct Debits from your old account and close it.

If you already have any direct debits on your present account just leave it. Everything will grt transferred to the tsb account. That's how switching works. Fill the form they compete the switch in 7 days.
If the 2 direct debits are done before switch you are on much better state. Safer.. you can ring tsb to know should money be taken (dd) or can it be after the switch.

For those wanting free DD's the best options are a Post Office savings account, and a Scottish Widows saving account.

can i switch from halifax if i have switched to them last year in june?

I'm talking about if I create a new bank account that I'm going to switch to this new TSB one. The TSB states there should be two DD to be eligible

Im not so great with financey stuff etc so could use some help please

what exactly do i need to do to switch and get the £130 and the £5/2xDD (i have to the gym and phone contract), coming from a HSBC account? tia

Simply open TSB and use their switch service to transfer your HSBC account and all will be done

I already have a Classic Plus account that I opened last year so I can't get the switching bonus. Anyone else in the same boat?

Thanks, will try and dig my old Halifax account i haven't used for a while.

What if I want to change my long running current account, it doesn't offer me anything more anyway, however having it for 10 years I feel it may help me when applying for credit products?

Re. The two active direct debits? Do they have to be active in the sense they have made a payment or can they be just active in the sense that they are in place but the first payment hasn't been taken yet? PayPal aside, what is the next easiest 2nd direct debit I could set up up?

I'm assuming it needs to be 2 actual direct debits and not 1 being a standing order?

My current Halifax account has dropped their bonus for £5 to £3 but they still pay it with one DD to my mobile provider and the other a standing order to my joint account for bills etc with the missus!

Whilst I agree that we could have 2 accounts in sole name & 5% (net interest back then) on up to £2000 however cashback on contactless payments was "up to £5" not £5 (for me anyway) and when I took out the accounts TSB hadn't started paying out £125 cashback so I missed out on that. Its debateble whom is/was getting the better deal however I've decided to switch as I thought new customers were getting a better deal i.e. £5 + £5 cashback & 3%gross interest.

Will the 'get deal' link work or do I need to go to MoneySavingExpert and click through the link there?

Clicking here takes the mse link.

Does it work if i open a new current account with someone, set up some DDs and then switch straight away?

just opened account and went on the switch now link,entered details went to submit but got a short message about setting up payments and a close button,it never worked,anyone else experience this?

Hi my child benefit come in my Halifax account . Do I need to update with HMR After I switched to TSB ? Thankyou

I'm in same boat. No we won't be able to get the bonus

you have time till June30 so worth a quick shot

HMR would get notified that you are closing Halifax. So they would contact you. Its better you informing them prior too.

Ive been with Santander(used to be called Abbey) for about 10 years. Seen this deal today and jumped for it, nothing to think about.
I got nothing from santander, was always just stupid charges for the overdraft and rubbish reward offers. Customer service was rubbish too.

I won't be missing them at all :smiley:

Would like to join TSB but easier to stick with Halifax paying me reduced £3 (from£5).
Previous hassle included their transfer team mistyping my mortgage account number so missed a payment, then trying to explain to Halifax it was them not me... Wasn't supposed to be a hassle then either.
If no expiry date then TSB would have a new customer.
PS sorry but did laugh reading your minutes to complete the form, never has been that fast

Just completed the account sign up and switch form but didn't get an email about the switch yet, should I have got one?

You should get it by tomorrow. Don't panic.

After offering me the account I need to select a branch but it won't let me. It says
“There is a problem with some of the information you have submitted. Please enter a valid value.”
No idea what its on about as I have selected a branch, clicked continue and it keeps bouncing me back. Anyone else had this?

Since moving in April I have been meaning to switch both my bank accounts because Barclays really don't offer me much -

Main one to TSB because of the £10 a month (at the time)
Bills/rent account to Co-op for the £110 and £4/5 a month.

Glad I've not gotten round to it yet as would have been a tad peeved at loosing out on an extra £130 :smirk:, and this deal definitely encourages me to get it done now :smiley:

Hot

You can change your banking over without having to give up your long running account using the donor method. This way you get everything you require and any credit applications would be pretty much unaffected.
Alternatively you could use both accounts to suit your needs , get the benefits out of the TSB one whilst keeping your usual banking the same as before. Best of both Worlds , no ?

So you don't get Barclays Blue Rewards cashback then (which gives a minimum net £4 a month)?

Well given I had just completed the process before I responded to you, I'm not sure what to say to you - they are short easy to fill in forms.

Do you need to close your existing account to get bonus ? or can you keep it open ?

Its a switch so the existing one would be closed.

Managed to sort mine today, cheers OP.

Does DD to a credit card count as an active DD?

Yes that should be ok I guess.. dont see a reason why not..

Does PayPal count? It shows as a direct debit on my bank account?

WTF I just had an email saying my application was rejected!never been rejected for a bank account before. Got a great credit rating.. very odd

That should be ok.. as long as its a direct debit tsb is ok

How soon after your initial application did you get that email?
During your application did they provide you with a new bank account number and sort code?

I applied last night, but have had no correspondence at all.

No didn't get any account details. Just an email the day after applying saying rejected. Ridiculous

That's ****. No explanation?

I received two emails last night around 24hrs after applying. One confirming my account was opened successfully, the second confirming I was registered for online banking.

Just keeping fingers crossed for a smooth switch and my cashback.

It ll be smooth trust me. TSB are good.

Well that went very well. I had just received the final part of the £220 cashback for the co-op bank switch I did 7 months ago and was looking to switch again. I entered my details, set up online banking password, selected a branch, and was then immediately offered a link to switch my old account. I filled that in and now all has been completed in 30 minutes. E-mails arrived immediately on completion. My switch will be completed by May 30th. I just have to wait for my debit card and also wait for an activation code for internet banking and with that I can select paperless billing. Then I just have to remember to change my paypal details. Thanks for posting this OP and bringing it to my attention.

Just to confirm, does the DD's need to be active in the sense the first payment has already been requested, or can they mearly be set up on the account (pending first payment) to be classed as active?

I guess its termed as active only if a payment has gone through.. thats when those info are switched..

There's 2 conflicting pieces of information on the TSB website.

"Pay in at least £500 into your new account within 28 days of the switch." and "Must pay in minimum of £500 a month"

The first one sounds like a one off of £500, but the second one sounds like a monthly input of £500. Does any one which one it is?

Previously when i switched there was this criteria of having £500 min pay in within 28 days. Nothing more

I reckon the pay at least £500 is for the £130 to be guarenteed. And the 500 monthly, as I found out today from HSBC, is a requirement by the banks nowadays it seems. The bank staff member said it was a requirement in order to have the account active. I hadnt used mine for many months with only few pounds and the status was changed from active to dormant. I think the 'requirement' to have £500 input every month is more of a heavy recommendation than a true requirement.

Bah... Just called them. As an existing customer if I wanted to get the £5 cash back for the direct debits, I would have to go into a branch close my account and open a new one. And even then it's down to the discretion of the branch. My branch is miles away.

I know they probably have a reason for not letting existing customers get the offer, but it's something to grumble about!

Does anyone who's done this know... when you fill in the online form to request the switch, does it give you the option to specify a date for the switch, or do they just get back to you with a date (i.e. they switch as soon as possible)?

They give you an earliest date for the switch to be fully completed . If your not happy you can delay it further v

Yes but £4 a month isn't very much compared to £10 a month and £5 from TSB/Coop. (+ £240 sign up bonus).

Thanks, I'd completely forgotten about the Scottish Widows option. I usually use 2x Tesco Online savers to create DDs on my Current Accounts, but this TSB one seems to specifically state DDs from two separate companies in order to qualify for the £5/Month cashback, so I'll open either PO or Scottish Widows to use alongside Tesco.... Do both PO and Scottish Widows allow you to schedule regular deposits?

My two DD's from them come out monthly, make sure you double check though as things could change!

With regards to the switch, yes all done by TSB. Regarding notifying employer, you shouldn't; your employer will send your next payment to the old details, but this will automatically redirect to the new & your employer will get a notification from BACS in the form of an AWACS report. According to the terms of BACS they must take action within days (3 working days).

I would suggest you check though; payslip (though bank details rarely printed there now), online self service portal (if available) or failing those ask in about 6 months.

Anyone know what happens after 36 months if changes not made? Payments start to bounce?

Setting aside interest, £5 per month for 12 months plus £130 = £190. £3 per month for 63 months = £189; move to TSB & you should be comfortably better off for over 5.25 years! Surely 1 change every 5 years is ok?

Why would you leave it for 36 months?

Average Joe (who isn't a payroll & BACS person of 15 years) sees money appear in new account & thinks ahh change done, forgets all about it!

BACS send out some toothy emails about AWACS not being handled, but I have seen 1 suggestion that some folk are over a year into their redirection; hence I researched how long the guarantee lasts! :smiley:

For 3 years they ll make sure money is being transferred from the account you switched to TSB. The person/ employer who pays you would be notified about the closure of account. So they would contact you for new bank details if not in some point of time you need to inform them.

Another couple I use are NSPCC lottery (charitable, chance to win & even came with minimal TCB cashback) & ratesetter (half decent interest though capital at risk with £10 minimum).

I'm keen to see what happens in month 37, but don't want to be the one who's money tests it!!!

I think BACS should publish figures by year: AWACS items issued/resolved within 5 weeks/6 months/12 months/outstanding - would show the rise in popularity & give an idea if there is an issue with non-compliance.

I have a current account, saver account and mortgage through HSBC...

will this move my mortgage too?...

Dont think so.. I haven't switched Mortgage account before

Certainly not & you need to check very carefully if HSBC current account is a requirement of the mortgage. It will be if the saver account is a regular saver.

If prepared to move it all, check out Santander; both 123 (£5/mth) & the lite version (£1/mth) give 1% cashback on Santander mortgage payments up to a certain amount (£10 cashback per month I think).

That's a better option I guess.

May be (would depend on other cashback; 3% on media such as mobiles & home phone/broadband/tv, 2% on utilities & 1% on council tax/rates in NI all IIRC)

Not thought about it that much tbh. Much appreciated

I have an RBS Platinum account (paid) - is the process still the same? I want to get off the paid account asap as its expensive and offers me little in return. Do I need to speak to RBS first?

Process is the same & no need to talk to RBS. I've never switched away from a paid account, so not sure how the part month would work (assume that you will be charged 1 last month & anything else will be a bonus).

Hi guys, do you know if this going to work for my Mrs because we have joined account so if she go straight to this account is it going to get those 125£?

No don't think so. Unless she is going to close the joint account and switch to TSB.

How long does it take for the bank car to arrive? Could I still use the RBS one until it arrived or not?

For the complete switch to happen it takes a week with most banks. TSB will give you a date by which the switch would be competed. Till then you can use your RBS one

one more question....I have an ISA with RBS and a current account, and another savings account...I just want to move my current account - I assume this will not impact anything else I have with RBS?

You need to check with RBS - most regular saver accounts are conditional on having a current account - any account or mortgage can be - no option but to check the T&Cs.

Not sure if you mean you have a joint TSB, so can she move her non-joint, non-TSB account - I think that would be OK:If you mean can she open her 1st non-joint account, then no. Finally you can move a joint account and qualify, but it is more complicated (open in 1 name, visit branch to make it joint then switch).

Thanks, I'm not actually bothered about the regular saver as I haven't used it for years, just the ISA.

so I'm with Halifax atm and only pay my mobile bill every month..

I've already filled in the switch over application to TSB and got my card everything.. switch over will happen on 25th..

my question is.. can I just add another DD once my switch over is done? or does it have to be before switch over.. like I can just set up a charity DD right now

You may not get the £130 if you wait.

"Transfer all active credits and debits, which must include at least 2 active Direct Debits as part of your switch."

So I'm ready to make the switch from Barclays, the only thing I'm uncertain of is overdraft. I currently have a £500 overdraft with Barclays and they charge me a (fairly reasonable) 75p for each day I am in the overdraft. Are TSB's rates comparable?

Not sure about rates, but also bear in mind that there's no guarantee you'll get an overdraft the same size approved. That said £500 is quite reasonable. Then again, 75p isn't much, but on £500 it is, if my maths isn't off, over 50% APR. A more likely example would be use £100 & you are over 250% APR. Short term finance isn't cheap - have to wonder if borrowing £500 over 3 years would be cheaper - may try to work that one out later.

To think I thought 9.9% APR was high back when I used my overdraft heavily!

When do you apply for the switch service after applying to open the account? Nothing mentioned after opening the account using the MSE link and no specific link given to switch anything. Do you just use the normal switch button on their regular site or should you wait until they send you something? Do you have to use a special link for the switch like some people have been told? I was given an account number and sort code straight away so am assuming I can do the switch right now, but then noticed it says you have to provide ID in a branch before the account is open(?).

was doing this for my sister.. and got to the end and it said I need to go into branch to confirm my ID and need to do this within 21 days..

and there's no option to fill in a switch over application? anyone else get this issue?

i have the same issue..

Usually they wouldn't ask for a id verification unless something wasn't clear when filling the new account opening form. Once you submit it or visit the branch they would send you info for switching. You have time till 30th June.

hi I didn't go through the link so won't receive the £130 does anyone know if I can cancel?

I still haven't had an email to confirm the switch is going to happen, should I be worried? I set the date for the switch as the 30/05 (to get past the bank holiday/ pay day)

Does the money you switch over from your old current account count towards the £500 that needs to be paid in within the first 28 days? For instance, if my existing current account with Barclays has £2k in it and I switch that account over to TSB, does that count as my £500 having been paid in within the first 28 days or does it have to be a different payment?

I believe that for any requirement with any bank about money going in, you can simply move that amount out then back in again. After all, it's not the "same money" in any meaningful sense, they just see numbers going up or down.

So I'd be surprised if you couldn't switch the whole £2k, then do that, if you don't have two accounts. Or withdraw £500 in cash, switch £1500, then add the £500 again.

i did the switch last Thursday and heard nothing, I called tsb today and no info about it on their system, I've done it again today and still nothing about the switch. I have received a bank card though

I have a direct debit set up to pay off my credit card, which I use sparingly. Does this count towards the 2 direct debit requirement?

Will funds switch automatically or not?

I just got my card and internet banking activation docs today. This is the quickest bank account I've ever opened or maybe it's just been a while since I have opened any account and just forgotton. But even the text for my application was quick, got it next day confirming its all gone through.

What notice do people get about the switching service being activated? I, and some others. have received no notifications that anythings happening.

Switches automatically

Ye it will be.

If you have filled the switch form they would notify you with the switch info and completion date. If you need some reassurance better to ring the bank.

Think I will. I am sure I saw something on the TSB site that said when it would be completed but no confirmation email. Also no confirmation of the £130 either. I am sure it will all be fine but I wish they would make things clear with notification emails.

You don't get any confirmation for the £130. You do all that it requires for the switch bonus. Then it ll be credited in 28days time frame.

Just done this, but other than a screenshot i took of the account set up

I have not received a welcome email or anything
When i switched, I got no conformation at all?
No mention of the £130 incentive anywhere.

will give them a call tonight to confirm

When I do switch can I choose which DD for transfer and keep the old account?

Hi my nationwide 5% account is coming to an end on the June the 22nd, is it possible to switch my nationwide account to this TSB account and then re open another Nationwide at 5%?

Has anyone ever done this before? is there any rules that stop you from re opening a closed account with the same bank? I cant seem to find out any info on this and wondering if I can take advantage of the TSB switch then open another nationwide flex account after TSB have closed it.

Thanks.

I've just found that the Partial switch is possible but not covered by Current Account Switch Guarantee.
So no bonus then ???

No. Everything gets switched.

Yupp no bonus

Apologies if this is a stupid question but I've never switched accounts before. Would I have to inform my employer/anyone who pays me by BACS of my account change or is this taken care of by the account switch?

Hi. When your switch takes over your present bank would inform your employer about the closure of account. But they wouldn't pass the new bank account details. Even if your employer pays into your old account you are covered for 36 months. Any money coming into that account gets redirected into your TSB account. I would recommend mentioning your employer about bank details change to avoid any delay with payments

I have a current account of my own and a joint account with my husband in Santander. Could I just switch my current account to TSB and leave the joint account in Santander and get the switch bonus? Cheers!

I've got a lloyds account
Can I still get the tsb account switching from Halifax

what if i dont switch and create a new account with 2 direct debits wil i stil get the bonus

No bonus

Opened account did not ask for any switching details does this happen later or is it emailed to me ?

Have you got your tsb bank details?

yes found a switching link filling that put now Im assuming it will still track for the cashback

I already answered this in some detail!

EDIT: See post 235

That is not correct. It is not the bank it is BACS & they *DO* pass on the new account details!

Yes - that is fine.

Yeah. I meant BACS but mentioned it as bank.. Thanks for correcting

Does it have to be current account to be switched? can I switch my saving account to this current account?

Friends..I am doing first time switch and applied for Donor account at Barclays and Natwest. Probably would get donor acct number on friday. I believe Barclays would be more quick and easy..
Please confirm my below understanding on this switch offer
1)opening TSB classic plus account online is first activity which needs to be done before 26 June and second separate activity is to do switch before 14 july. So these are two independent activities..
2) My new Donor account set up and starting 2 active debits would take 5-6 weeks . So Ideally I could make switch just before 14 July. Once I open new TSB account, any time limitation in which do I have to make switch? or do I have option to choose switch date? Would it be ok if I make online switch say on 12th July..Any precaution to make it successful switch and get 130£
3) 500 £ pay in requirement is just for one time within 28 days ..correct? and if I deposit cash of 500 £, it will considered as pay in ?
Please guide.
Thanks in advance

I believe only current account switch are on offer..

I'm happy with my account with First Direct, but am tempted by the cash incentive to open the TSB one. Would I have to close my First Direct account if I apply for the TSB one - Or can I just let the DD's be switched to it, leaving the First Direct account still open?

Anyone confirm they got this all set up smoothly despite receiving no confirmation email several hours after doing the application / doing the 'switch' form?

yes. I got confirmation email like a week later! way after I got my new card and mobile banking details

Can anyone confirm that my ISA and Credit card with Halifax won't be affected? And also will Paypal automatically switch to the new account or will I need to do this manually? (Does Paypal count as a DD?) Thanks :smiley:

how long does it take to switch money over from your account to this? i applied about a week ago, received my debit card and the pin, and just logged into internet banking but its still nil

hope i haven't done something wrong lol

You should have chosen a day when you filled in the switch form.

I applied last Friday, 19th, and on Thursday received my debit card, and on the Friday I received my pin number and my online activation code. From my co-op bank account I receive a letter stating that account would be closed down and transferred to TSB on 30th May. So everything is going smoothly. I took the extra step of getting my work to pay in my wages to my new account and they were showing as paid in when I activated my online account. I should be able to forget about my old account now. Remember to download statements from your old account if you need them, as you can not access them after the account is closed. And also do change Paypal details if this is your new main account as the account has to be linked to paypal for instant payments I believe, and you need to input the new card details as well. As for choosing a switching date, I do not remember getting the option to choose a date when I applied but the date they offered of 30th May suited me perfectly anyway.

Does it switch over your remaining balance. I thought it would be I had a letter from Halifax saying make sure your debit balance is clear. Not sure if that just means balance on the card, or any debts.

£130 comes after 28 days

Do I need to use money saving expert or money supermarket, as when I do go on money saving expert and click apply on the account it then puts me on the tsb webpage and I have to click apply again is this right?

What are two direct debits that I can get setup on my doner account fast? (v cheap/free ones)

It transfers your balance as long as you are in creit. If you have direct debits, or debit card payments going through the day or so after the transfer date money will be held back to pay them. If this means that you will be overdrawn as a result then the transfer may not go ahead.

I just used the link posted by the OP. It is a page on the TSB website that is for people who go to it after it was promoted on the money saving expert site. I did not go to the money saving expert site or money supermarket site and it all worked for me. Just have cookies on when you click the apply button.

I've created two direct debits on my account which are listed as follows :

Recipient Last paid Frequency Amount (£)
CANCER RESEARCH U
(Removed) Not Known Cancel
PAYPAL PAYMENT
(Removed) 08 Mar 17 Quarterly £8.00 Cancel
PDSA GENERAL
(Removed) Not Known Cancel

As PDSA and Cancer research haven't been paid yet and the frequency is not known etc. Are these classed as direct debits and can I start the application?

Thanks

All of you who are trying to setup direct debits last second - I'm pretty sure that's futile as they wouldn't be classed as 'active' direct debits.

Also - can someone confirm - how long after taking your ID into the bank did you get notified of the account being opened? What do you have to wait for before completing the switch forms online?

Just called them re a few questions about my switch. Was told that my new account was not on the "list" of those that had applied through Money Expert and would therefore not qualify for the £130. I told her tI had in fact applied using the correct link and she said I would be ok as she would add a note to my account and that I should call up when the switch is done to confirm. She also confirmed that the "active" DD only means set up in you old account, as my two were new with no money having left.

Thanks Jimmy.

wish id seen this earlier,was in the bank before :wink:

I've setup two direct debits on a new account, they've not taken money yet, but they're 'active' - surely accepted?

What's the best saver account available that you know of? I was considering opening the monthly saver with my new tsb account until I came back on here and read that it can be beaten.

Any recommendations for a better saver account?

One of my DD I set up on my previous acc is due to expire next month after my switch. If I set up a new DD after my switch will it still count towards the 2 DD requirement?

Well during all previous times I switched with other banks, they definitely weren't accepted to be 'active' unless they were already in place prior to the switch and were clearly in use for payments prior to the switch - that's the whole point of calling it an "active" direct debit. This kind of thing is normally in the T&Cs. From what people are saying in this thread, that's apparently not the case here - I find that very odd, but anyway - they must know.

Should be fine, just will wait for the first direct debit to be paid on my donor account.

Have to complete switch before 14 July, so still have a while.

Any charities that accept £1 minimum donatio

I've joined 2 charities
but payment going to be taken on 23rd June can I still apply?
thanks

Thanks OP, have applied - I take it the 'switch' is a separate task once the account has been opened?

My switched has completed a few days ago bit still not £130 any advice please?

Please read the OP, an multiple posts throughout this thread....

28 days you will be paid.

These threads get so long with people asking the same questions

they pay the switch bonus after around 28 days. and for the monthly £5 bonus, its paid around 15 th next month.

for switch you need to apply separately, it requires your bank account details.

Move from Halifax to TSB using current account switch. Halifax Credit Card will still exist. Its a separate account.

Is this currently the best deal on the market? Is the Nationwide one better? Tesco?

This one seems to be top of the list on MSE...

I clicked on the MSE link yesterday afternoon because I will switch for the £130. I pressed the pop up to say allow cookies, went through the application, it said it will do a check and then said I was eligible for an overdraft but I declined. It then asked for a user name and password and then click continue. It then said "wait to be approved we will be in touch - no need to do anything etc." How can i ensure that if approved that the switch option will appear and how this is linked so that the £130 incentive gets recognised because the switch details were not given at the time of application. I'm assuming that because the application was filled in using the MSE link, that triggers the £130 to be applied once account is open succesfully? It seems a bit strange. I thought maybe because it was done on a Sunday it wasn't instant that the account was opened, but there's no point switching if the account is approved but then isn't linked to the application through MSE when completing the switch details for the £130 switching bonus.

Probably a stupid question, but does transferring money from my ISA with Halifax to my current account with TSB count as the £500 within 28 days of opening?

It says I have to visit bank to confirm my details

Yes, that will count - the money can come from anywhere.

yes, they will do a quick ID verification. carry the document they asked for.

they will and a letter, telling you what's next.

i didn't have to do this.....yet the switch went perfectly fine

Anyone got the £130 yet ?

hey does anyone have the link for the switch?
received the tsb card today just need to do the switch and it should be all good.

anyone know any better savings accounts?

ive opened the account and switched over by the 28th,
when do i need to deposit the £500?

not me

Answer in the original post.

Hi, I know you have answered a lot of questions on this, but I don't think this has been answered:

What does the June 30 reference, refer to please?

I've opened up an account today (was waiting for two direct debits to be set up on my donor account). These direct debits are due to make their first payments from my donor account on 5 and 7 July (I couldn't get them set up earlier than this).
If I schedule my switching to take place on 11 July would this work to qualify for the bonus?

Grateful for any feedback you can give :smile:

so the switch has messed up one of my direct debits as my car insurance has failed to take the money out

Yes that should work fine... 30th June is in theory the last day you could apply for the switch.
I'm intending to try a switch on the very last day (14th July) as the account I want to switch from Santander is needed until that date so I qualify for their Reg saver account. So I'm just hanging fire before I use the TSB form to request the switch, as they only let you choose a date up to three weeks ahead.

Thanks for that - much appreciated.

Very tempted, but I can't find a definitve answer as to if I will need ID or not because my nearest branch is a good 7miles away, and as much as I like the free money I don't think I'd be bothered to do that travel without a car for it!

I didn't need to go into branch at all.

Opened mine without leaving home

Hi I know its stupid. how is the interest calculated on the 1st 1500. I deposited 500 and withdrawn about 100 . if I deposit 1000 on what will I earn interest considering there only 400 from my previous deposit of 500.

Just my luck! Have to take ID in! A royal pain in the ass but I suppose it's worth the bus ride.

On a side note, the application kept on trying to make me go to a branch that's even further away!

They calculate the interest daily, but pay the interest monthly. So if you need to work it out exactly what you would do is work out on each day of the month what the balance was... then work out a day's worth of interest for each day (work out what 3% of the balance is, then divide by 365 to work out what a day of interest is), then total it all up and that's how they calculate the interest.

Just before some smart ar$e corrects me, the daily interest calculation used by most banks is actually to divide by 365.25 in order to allow for leap years - I work for a bank so know these sad facts!

Aren't there things you can buy on AliExpress for 1p if you're short of 20 transactions?

Thanks. However on which 1500 is interest earned. Till my balance becomes 1500?

Would this work? I don't know if it would?

Same happens to me, but account was confirmed and opened with two days

Done the switcher today online so should be fully complete on the 28th. Hopefully I am eligible for the £130

Wouldn't bother with this, they charge an international fee of £1 for each transaction

If your balance is less than £1500 then you'll earn interest on any amount in your account. If your balance is over £1500, then you'll earn interest on up to £1500.

eBay UK, then? I wonder...

If you can find something on there for 1p delivered then yeah why not.

Not delivered is more likely, some useless digital-only product that gets emailed. I will report back with something useful if I find it.

And just got back from TSB, apparantly a statment (has my address and everything, iirc its exactly what they mail you) printed off from Natwest and a natwest stamp isnt enough for proof of address...

Exact same happend to me, saying that the stamped document wasnt enough buyt needs to be posted statement, ended up doing two journys on two seperate days! in end just used license and pp.

No passport here, so im getting natwest to mail me a statment and just incase im going to print off my BT bill...may have been printed online but its exactly what they post to you...minus the £5 or so charge to do it.

Another 1hr bus ride next week it is!

I take your point that you work for a bank, but I'm still fairly sure you are wrong - it would be 1.03 (103%) to the power of (input into excel as a ^) 1/365. Your method, i.e. 3/365% per day would compound to a lot more than 3% per annum. Hmm wondering if the paid monthly changes things - we may both be off. Depends if day 1's interest earns interest from day 2 or day 1 of month 2... If the latter it would be ((1.03^(x/365))-1)/x each day where x is the days in the month.

Yes as long as it looks as if it's come in the post! And try get it done sooner rather than later the date is nine days away!

You're correct actually, if you check the small print, the interest rate at TSB is 2.96% gross, then they quote the figure of 3% AER which takes into account the compounding.

Has anyone had the switch bonus yet?

I haven't

When did you open your account ?

i haven't

17th May

It's paid 28 days after the switch date, not 28 days from when the account was opened I believe.

Thanks. The switch was 26th May.

My Switch reward came through today, thanks OP :smiley:

Can I ask when you opened the account and what date your switch was?

I opened the account on the 16th of May and the switch date was the 25th of May.

Thanks,
Mines been credited today also.

Did you recieve anything in the post when you opened your accont about the £130 swithcing bonus?

No, nothing specifically mentioning the bonus.

Money in the bank (y)

2nd trip to TSB and they accepted the statement sent via mail from Natwest...personally don't see what the difference is between them but oh well, just waiting for my DD's to activate and get taken out on the 30th from my donor account and I'll be ready to switch.

So almost exactly the 28 days. Oh well, my switch went through on 7th June so hopefully by around 5th July i'll get mine

will Paypal DD be accepted?

I've just done it today, HOPING that the cutoff is 23:59 26/06 instead of 23:59 25/06!!
Meant to do it weeks ago after my girlfriend did it but it kept telling me the session timed out or an unexpected error occurred.

From the website:

"£130 cashback when you apply for a Classic Plus account between 15 May and 26 June 2017 and complete your switch to us by 14 July 2017"

so you should be ok

Got my bonus through today :smiley:

I requested my switch a couple of days ago and left my mobile number in order to receive SMS updates on the progress.... but nothing yet... is this normal? I would have thought they would have at least confirmed I had requested the switch by now!

No, it just happens on the day you chose.

Applied yesterday. Just set up 2 direct debits in an old account hopefully they should be active in the next few days.

Is anyone going for the extra bonus of £10 pm as well? £5 would be easy with the 2 direct debits i've set up, but 20 transactions could be tricky unless i buy the paper everyday using it :smile:

I did the same, requested SMS updates but never heard a thing. First official confirmation was actually a letter from my old bank saying sorry you're leaving kind of thing.

Switch went through fine but would have appreciated the updates as i ended up forgetting which date i had opted for etc

That's one i've always used for switching (along with Tesco Savings account) and always worked fine. Just remember to make the direct debit active (by using it to pay for something or to send money to a friend) on the old account before the switch and then use it again after the switch (within 28 days)

I've just received my £130 as well. The switch date was Tue 30th May and 28 days later on Tue 27th June I have my bonus. Thanks again OP.

got my £130 switch bonus today! :-)
It's came in early as well, my switch date was the 31st of May.

Switched on the 1st Jun.... nothing so far...

Although it's 28 working days, will give it a bit longer, not sure how people have got it bang on 28 standard days

Same here, I switched on 1st June.
I haven't had any interest or the £5 for direct debits paid in either.

My switch is supposed to be going through tomorrow which is slightly awkward as I get paid from work tomorrow so could be fun depending on when my salary hits the bank and when the switch actually happens! (I know it is all guaranteed etc but it'll be interesting to see where it ends up!).

I did get an email from them "Thank you for signing up for your account via MSE' so that seems to have gone through OK anyway, quite a good online banking app too by the looks with access via Touch ID on your phone or a password on the computer without having to faff about with a stupid secure key!

DD's for my donor account set up and all of them had the money taken out, switch service says it will be complete on 10th July, I'm certainly cutting it close!

I never recieved a "Thank you for signing up for your account via MSE", should i be concerned?

Actually I have now received it! So it took 29 standards days to receive it.

Still not got mine.
Have you had any interest or the £5 paid in for DD's ?

I have just received an email from TSB confirming the payment of the £130 bonus. No sign of any £5 bonus.

Mine switched today, Direct Debits did move across but show up as 'Not Paid' and unsure of next payment so looks like TSB can't really determine between 'active' and 'not active' anyway!

Would I put the £500 in once the switch has been completed?

Yes, after the switch date.

Still not received my £130 and my account was switched on 1st June :disappointed:

Just switched mine and the date was 13th July. So looks like tomorrow is the last day to complete the switch

Same here I phoned 03458357838 I wasn't on mse list. So they have added me to list and say I will get incentive in next couple of days.

Switched on 7th June and no payment yet, today being exactly 28 days which some people have been paid on, will give it a bit longer before contacting them. Have done everything asked (2x DD, £500 in etc)

Anyone seen the £5 bonus for direct debits yet?

Id contact them as I switched on the 7th and got the £130 on Wednesday.

Will check tomorrow (Friday) and give them a call if not. Thanks for the info

mine switched on 5th June, recieved nothing, so called them on 03458357838, OPTION 1 AND OPTION 1. TSB said i was not on the list, although they could see i did the switch via mse, apparently technical issue

bonus should be in the account tomorrow

i would recommend you call if its been more than 30 days, maybe they hope people will forget, what a bank playing tricks, surely not!

Got my 130 paid in today switch competed on the 14 of june

hey I got my 130 after calling on 30th day. but not the £5. did anyone get it?

Not had the £5 paid in does anyone know how much interest you'd earn on £1500? As in the 3%

I got £3.89 a month interest last month, still no sign of the £5 direct debit bonus though.

Would be interested to know if others have seen this.

Not had interest or reward here. Switched on the 1st Jun. I've had the 130 bonus though

It's been 28 days and no 130 for switching done all the requirements has anyone else had this

Had the £130 but no £5

the £5 plus £5 pounds are paid the following month:
So if you have 2 active direct debits and 20 card transactions during june, it will be paid in july on the 15th.
Same for july it will be paid in august

Had the £5 direct debit cash through today, much better than my previous Halifax Reward account

What date did you switch?

25th of May

Had interest and the £130, no £5 per month for having DD's.