There is a lot of competition in the UK banking market is becoming increasingly competitive as well as incentives for switching banks are once more grabbing interest. In the early 2026 period, TSB has unveiled one of the biggest multi-part switching offers available with the possibility of up to £255 total reward points for new customers who are eligible. However, unlike traditional cash bonuses, this deal is divided into several rewards which are paid over several months each with their specific conditions.
If you’re considering switching your current bank account This guide will explain precisely how the £255 structure works and who is eligible and the deadlines you have to be able to meet, and whether or not this deal is worthwhile. Knowing what’s in the contract is vital since a single obligation could result in a significant reduction in the amount you get.
What Is the TSB £255 Switching Offer?
The latest TSB switching promotion is an limited-time offer that runs through 20th of March in 2026. Instead of paying one lump amount, TSB spreads the reward over cash bonuses, cashback on a monthly basis as well as the possibility of an Amazon gift card. This arrangement encourages customers not to simply switch but to make use of the new account for several months.
The promotion is open to those who open an account with a Spend and save or Spend and Save Plus account and make a complete switch by using The current account Switch Service (CASS). When all requirements meet, total rewards could reach £255.
TSB £255 Switching Reward 2026 Overview
| Category | Details |
| Bank Name | TSB |
| Switching Reward | Up to £255 |
| Offer Valid Till | 20 March 2026 |
| Eligible Accounts | Spend & Save / Spend & Save Plus |
| Switching Method | Current Account Switch Service (CASS) |
| Who Can Apply | No new customers, or no TSB bonus after 1 October 2022. |
| Payment Timeline | April-May 2026 |
| Official Website | https://www.tsb.co.uk/ |
Who Is Eligible for the TSB Switching Bonus?
This offer isn’t for everyone. offer. TSB has established rigorous eligibility requirements to avoid repeated bonuses.
You’re eligible if:
- You’re you are a brand new TSB customer
- You haven’t been awarded an TSB switch bonus from 1 October 2022
You’re not eligible for:
- You’ve already gotten an TSB incentive to switch your account on or after the date
- If you fail to complete the full switch with CASS
The restrictions are a common practice for all UK banks and were created to ensure that the incentive is directed at genuinely new customers.
Accounts Eligible for the Offer
To be eligible, you must establish an account with one of the following:
- TSB Spend & Save
- TSB Spend & Save Plus
You may apply for:
- Online
- Through The TSB mobile app
- In-branch
In reality, only switches completed by using the Current Account Switch Service are eligible for rewards.
TSB £255 Switching Reward Breakdown
| Reward Type | Amount | When You Get It | Key Conditions |
| Upfront Cash Bonus | £150 | By 7 April 2026 | Switch Deposit PS1,000, make 5 card purchases App login |
| Extra Cash Bonus | £50 | By 31 May 2026 | Deposit PS1,000 in April |
| Monthly Cashback | £30 (£5 x 6) | More than 6 months | 20+ debit card payments per month |
| Amazon Voucher | £25 | Within 90 days | Apply using MSE link, and then claim your email |
| Total Potential Reward | £255 | Staggered | All conditions have been met |
£150 Upfront Cash Bonus – How to Qualify
The biggest element of the incentive is the initial cash bonus of PS150.
To be eligible You must:
- Make an account that is account that is eligible TSB account
- Complete the complete switch from a different bank
- Make sure to deposit at least P1,000 in the account by 20 March 2026.
- Pay 5 or more debit card transactions
- Log into the mobile application of the TSB
If these steps are successfully completed, TSB will pay the £150 bonus within 7 April 2026.
If you fail to meet any of these requirements could cause the bonus to be taken away.
Monthly Cashback: £30 Over Six Months
TSB also provides continuous cashback with active accounts.
Cashback Rules:
- Earn PS5 per month
- You must perform at least 20 debit card transactions in a month.
- Cashback is available over 6 consecutive weeks
The sum is PS30 for the entire year however, it is dependent on constant spending behavior. Everything from food or travel can be used to satisfy the requirement of a transaction.
Extra £50 Bonus – April Deposit Requirement
A second Bonus of £50 is offered, but only if you satisfy one additional requirement.
To qualify:
- A second PS1,000 will be available for deposit another $1,000 in April 2026.
The bonus will be paid before the 31st May 2026. The bonus deposit doesn’t have to be kept in the account for a long time but it should get credited in the stipulated timeframe.
£25 Amazon Voucher – Special MSE Condition
It is a Amazon gift card linked to an MoneySavingExpert (MSE) promotion.
Steps to qualify:
- Create a Spend and Save account by clicking this MSE specific link
- Wait up to 90 days for an email from
- You can claim the voucher in the first 60 calendar days after receiving the email
Important exclusions:
- If you’ve redeemed an the TSB Amazon voucher within the past 180 days You won’t be eligible.
It is valued at £25 which brings the total value close to £255 amount stated in the headline.
Access to TSB 5% Regular Saver
In addition to the PS255 perk (not included as part of £255 Account holders who are eligible can sign up for an account with a Regular Saver account at 5%.
The most important features are:
- Up to £250 per month.
- Interest is fixed to 12-months
- Great for short-term goals in savings
While it’s not a cash reward, it could add substantial value to customers who plan to save frequently.
Key Dates to Remember
Failure to meet deadlines could result in missing the chance to earn rewards.
| Event | Deadline |
| Switch and PS1,000 deposit | By 20 March 2026 |
| PS150 bonus paid | By 7 April 2026 |
| Extra PS1,000 deposit (for £50) | During April 2026 |
| PS50 bonus paid | By 31 May 2026 |
| Amazon voucher email | Within 90 days |
Is the TSB £255 Switch Deal Worth It?
This offers among the most valuable swap deals that will be available by the beginning of 2026, but it’s not an easy task.
The best fit is for:
- Users who are active in using their debit cards
- The most comfortable monthly meeting conditions
- Switchers who are looking for maximum reward Not immediate cash
It is not suitable for:
- People who would prefer the idea of a one-time lump-sum payment
- Any person who is likely to fail to meet the deposit or transaction requirements
If you’re organized and satisfy all the requirements and meet the requirements, the £255 reward can be a substantial reward for just changing banks.
Common Mistakes to Avoid
- Not yet completing the complete switch to CASS
- Incurring to log in to the TSB app.
- Not receiving the April £1,000 deposit
- The bank is not tracking the usage of debit cards in the month.
- Doing nothing to meet the Amazon voucher deadline of the email to redeem your voucher
Organization is the key to obtaining the entire reward.
The £255 switching deal from TSB provides a large and multi-layered reward that gives customers a reward for using their account and achieve certain benchmarks. While it is more work than cash swap deals however, the overall value is among the highest offered within the UK.
If you’re organized, able to keep track of deadlines, and have already made plans to change banks, this deal can give you a substantial increase in your income over the coming months. Make sure you read the terms carefully. Because with this deal, details really matter.
FAQ’s
1. Is the £255 paid as one lump sum?
No. The amount is divided into cash bonuses, cashback along with an Amazon voucher, which is distributed over a period of time.
2. Can existing TSB customers get this offer?
Only when they haven’t had any TSB switch bonus prior to 1.10.2022.
3. What happens if I miss one condition?
You’ll receive only reward for the conditions you fulfill and a missed condition can decrease the amount of money you get.
