TSB has introduced a new competition where clients have the chance to win up to £10,000. By depositing £5,000 into their TSB personal current or savings account before September 30, customers will automatically be entered into the Dream Fund draw. A total of 155 cash prizes will be awarded by TSB, including five prizes of £10,000, fifty prizes of £250, and one hundred prizes of £100.
The deposited £5,000 must come from a non-TSB account, and participants must be 18 years or older and UK residents. For every £5,000 deposited, one entry to the prize draw will be granted. It is important to note that splitting the £5,000 into multiple payments below the threshold will not qualify for entry.
Additional details and terms and conditions for the prize draw can be found on the TSB website. This latest Dream Fund competition complements the existing monthly draw for TSB current account holders, offering the chance to win a trip for two to Toronto and Niagara Falls or £300 in Red Letter Day vouchers.
Surina Somal, Director of Everyday Banking at TSB, expressed enthusiasm for providing customers with more incentives to bank with TSB. Following the withdrawal of TSB’s bank account switching offer worth £310, customers were previously offered upfront cash bonuses and additional perks for switching to the TSB Spend and Save account.
While the TSB Spend and Save account includes a 5% regular saver on up to £250 per month for 12 months, other banks are currently offering switching bonuses as well. For instance, First Direct is offering £175 to customers who switch to its 1st Account, subject to certain conditions such as minimum payment requirements and digital banking engagement.
Overall, TSB aims to provide customers with attractive rewards and benefits, continuing to enhance the banking experience for its clientele.