Whether you’re opening your first ever bank account, getting set for college or university, or just looking for an everyday bank account, we have something for you.
What you get from all TSB current accounts
Access to our 6.00% AER Monthly Saver
My TSB Rewards
Compare our bank accounts
Spend & Save Plus
£3 per month
Earn £5 cashback every month
- Ongoing £5 cashback every calendar month, until you close the account, change to another TSB account or TSB withdraw the offer.
- Cashback is earned when you make 20 transactions or more on your debit card each calendar month, including the month the account is opened.
- You are eligible for Cashback on opening a new Spend & Save Plus account, or changing from an existing TSB account.
- See Cashback T&Cs.
When you make 20 debit card payments each calendar month
Put money aside in a Savings Pot
Put money aside in up to 5 individual Savings Pots. Maximum balance of £5,000 per Pot and £25,000 per Spend & Save or Spend & Save Plus account.
Earn 2.80% Gross / 2.82% AER Variable
Arranged overdraft
Arranged Overdraft subject to application and approval. Overdrafts are repayable on demand.
First £100 interest free. Subject to application and approval
No TSB fee on debit card transactions worldwide
No TSB charges for using your debit card abroad. The ATM operator or foreign bank may charge a fee for cash withdrawals. Sellers may also apply a currency conversion fee, if you make a payment by your debit card and they do the conversion.
Spend & Save
No fee
Earn £5 cashback, up to first six months
Earn £5 Cashback monthly for six months, including the month you open your account, when you make 20 debit card payments or more each calendar month. You are eligible for Cashback on opening a new Spend & Save account, or changing from an existing TSB account, excluding Classic. See Cashback T&Cs.
When you make 20 debit card payments each calendar month
Put money aside in a Savings Pot
Put money aside in up to 5 individual Savings Pots. Maximum balance of £5,000 per Pot and £25,000 per Spend & Save or Spend & Save Plus account.
Earn 2.80% Gross / 2.82% AER Variable
Arranged overdraft
Arranged Overdraft subject to application and approval. Overdrafts are repayble on demand.
Subject to application and approval
Student
No maintaining the account fee
5% AER / 4.89% gross variable
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Interest on balances up to £500, paid monthly
Up to £1,500 overdraft
Arranged Overdraft subject to application and approval. Overdraft are repayable on demand.
Interest free. Subject to application and approval
Graduate
No maintaining the account fee
Up to £2,000 overdraft
Arranged Overdraft subject to application and approval. Overdraft are repayable on demand.
Interest free. Subject to application and approval
Under 19s
No maintaining the account fee
2.5% AER / 2.47% gross variable
2.47% AER gross variable interest on balances up to £2,500. Paid monthly. Any money above £2,500 will earn 0.1% AER variable.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Interest on balances up to £2,500, paid monthly
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Our basic bank account
The Cash account offers the essentials you need for everyday banking. It is an account for people who don't hold another UK bank account and don't qualify for our other current accounts.
You can make payments, withdraw cash and set up regular payments like Direct Debits and standing orders. However, you can’t apply for an overdraft or use a chequebook.
Supporting access to cash
We partner with LINK and Cash Access UK to ensure our customers can easily access their cash.
Find the best way to withdraw cash
Use LINK's cash locator to find the best way to take cash out in your area.
Need better access in your community?
Find out about LINK and how they can improve access to cash in your community.
Introducing My TSB Rewards
Get offers from top brands like Vue, The Body Shop and lastminute.com plus essentials at Halfords, Vision Express, Whirlpool and more. T&Cs apply.
How do I switch to a TSB bank account?
We guarantee switching your bank account to us will only take seven working days.
It’s easy as 1-2-3.
Choose to switch to us when you apply, or any time after.
We will move all your incoming and outgoing payments into your new account.
In the unlikely event there are any hiccups, we'll refund any interest and charges on your old or new current accounts.
Bank Account FAQs
You can make almost any of our current accounts into a joint account, either by opening a new account or by adding someone to your existing one. The only accounts we have that can't be joint are our Under 19s, Student, and Graduate accounts. You also can't add someone to a Cash account if they already have a TSB account.
Using the Current Account Switch Service (CASS) online you can switch a current account from another provider to us. Not all banks are participants of CASS. You can check if your current provider is a CASS participant before applying to switch to us here.
If you want to switch from a provider who isn’t a CASS participant or want to switch a savings account, we can still organise the switch for you but it can take a little longer. Applications to do this are available in a TSB branch. We recommend you book an appointment before visiting the branch. Please call our Telephone Banking team on 0345 975 8758 to book an appointment.
You can switch your joint Current Account from your old bank in to TSB providing that your new TSB Current Account is also a joint account. You can also switch your sole account into a joint account, however you can’t switch a joint account into a sole account.
We may be able to provide facilities to pay off any existing overdraft you may have, subject to our normal lending criteria. If you agree an overdraft limit with us it may not match that offered by your old bank. If you do not come to an agreement with us you will need to make separate arrangements to repay any balance owed with your old bank.
Please be aware your old bank is entitled to use any funds it receives in settlement of the debt on your old account.
Yes you can still use your old bank account up until day 6 of the switch. If you set up any new payment arrangements on your old bank during the switch these will not be transferred.
Your old bank will automatically close as part of the 7 day switching process. This ensures payments made to your old account can be redirected to your new account. If your old account is overdrawn or has pending transactions on the day the switch completes the account will stay open until the balance reaches zero.
If you want to keep your old account open you will need to do a partial switch. This can only be done in a TSB branch and will take longer than 7 working days. We recommend you book an appointment before visiting the branch. Please call our Telephone Banking team on 0345 975 8758 to book an appointment.
To cancel the switch completely, you need to let your new bank know at least 7 working days before your switch date. After that, only certain elements can be cancelled depending how far through the process we are.
As part of the 7 day switch there is a redirection on your old bank account. This means credits to your old bank will be forwarded to your new bank within 24 hours. This includes debit card refunds however these can take a little longer. If you receive a credit after 3pm Friday, weekends or bank holidays these will be forwarded the next working day.
FCA - Service Quality Indicators
Protected by FSCS
TSB complaints
We share our complaints numbers twice a year at the request of our regulator, the Financial Conduct Authority (FCA), to help customers understand banks´ overall performance.
Need any help?
Chat with us
Use the TSB Mobile Banking App to get help with queries 24/7.
Give us a call
Lines open 8am - 8pm Monday to Sunday.
Visit us in branch
It’s easy for you to pop in and manage your finances.
Important information
TSB adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
To read more about our lending commitments to you, please click here to read the leaflet.
AER (variable) means Annual Equivalent Rate. AER (variable) illustrates what your interest rate would be if interest was paid and compounded each year. Gross rate is the contractual rate of interest payable before the deduction of income tax.
Account Opening is subject to our assessment of your circumstances. You must be 18 or over and a UK resident to apply. Interest paid monthly. Overdrafts are subject to application and approval and are repayable on demand. Text alerts are free but your mobile operator may charge for some services. Please check with them. We don’t charge for your use of Mobile Banking but your mobile operator may charge for some services, please check with them. Mobile Banking is available on most internet enabled mobile devices. Services may be affected by phone signal and functionality. You must be registered for Internet Banking. Terms and conditions apply.
