TSB has introduced a new contest offering customers a chance to win up to £10,000. To qualify, customers need to deposit £5,000 into their TSB personal current or savings account before September 30. The bank will distribute 155 cash prizes, including five worth £10,000, fifty worth £250, and one hundred worth £100.
The deposited £5,000 must come from a non-TSB account, and customers must be UK residents aged 18 and above. Each £5,000 deposit earns one entry into the prize draw. Depositing £10,000 in one transaction grants two entries, but partial amounts below £5,000 will not count.
The complete terms and conditions for the Dream Fund prize draw are available on the TSB website. This new draw complements TSB’s existing monthly prize draw for personal current account customers, offering opportunities to win a trip for two to Toronto and Niagara Falls or £300 in Red Letter Day vouchers.
Surina Somal, TSB’s Everyday Banking Director, expressed excitement about providing more incentives for customers. The bank recently ended its £310 bank account switch offer, which included upfront cash rewards and additional perks. Financial expert Martin Lewis warned about the offer’s closure, highlighting the benefits it offered.
While TSB’s Spend and Save account has attractive features, other banks like First Direct are also offering switch bonuses. First Direct, for instance, rewards customers with £175 for switching to its 1st Account, subject to specific requirements like minimum deposits, transactions, and digital banking usage.
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