Banking customers have until midnight to secure a bonus of up to £310 from TSB, one of the most lucrative current account switching incentives available. The high street bank will withdraw the offer at 11:59pm on Monday, June 30, so those wishing to take advantage must initiate the switch by this deadline. The deal, accessible to both new and existing customers, provides up to £190 in cash, plus rewards valued at up to £120 in early 2026.

To be eligible, switchers must transition to either the TSB Spend and Save or Spend and Save Plus account using the official Current Account Switch Service. The process must be fully completed by July 19. Applications can be submitted via the TSB app, online, or in branch, and existing TSB customers with other products, such as a mortgage or credit card, are also eligible if they open a new current account and switch into it.

The Spend and Save account is free to open, while Spend and Save Plus incurs a £3 monthly fee. As with many bank switching deals, there are a few hurdles to overcome to unlock the full reward.

To unlock the initial £100 bonus between August 2 and 16, switchers must use the TSB app and make at least five debit card payments before July 19.

The benefits of the deal extend further. New customers can earn £15 cashback each month for six months, an additional £90, by making 20 debit card payments per month.

As a final incentive, customers who meet the above criteria and make 20 debit card payments in December will have the choice of two January rewards.

The choice is between either a £120 hotel voucher (UK or abroad) through Travel Credits, or a 12-month pass to UK activities such as escape rooms, kayaking, theme parks, and museums.

While the rewards don't arrive immediately, the headline figure of £310 makes TSB's offer the most attractive on the market at the moment. Rival First Direct is offering £175, with payment within 45 days of switching.

NatWest offers up to £175, made up of £125 for switching, plus another £50 for opening a linked regular saver. However, experts caution that switching bonuses should never be the sole factor.

Those considering a switch are urged to look out for hidden charges, branch accessibility, and customer service reviews, to ensure the account truly meets their requirements.

It comes as TSB's everyday banking expert shared some top tips to stay afloat this season, including a few easy ways to save some cash.