TSB has relaunched its ‘recommend a friend’ incentive, which offers £75 to its classic plus customers who refer a friend that switches from their current bank to TSB’s classic plus account.
The incentive will also give £75 to the referred friend when they join the challenger bank.
The offer was initially only available to the first 5,000 customers who switched, but due to popular demand TSB has relaunched the offer.
It is available from 9th March and runs until 9th April, with no limit on the number of customers who can benefit.
Existing classic plus customers can refer up to five friends, earning them up to £375 if they all sign up to the classic plus account.
New customers that open a classic plus account will receive a reward of £5 for making 20 debit card payments within a month, as well as an extra £5 if they make at least two direct debts each month.
Craig Bundell, director of personal current accounts at TSB, said that the challenger bank had seen 1,000 customers a day vote with their feet to join TSB in 2017.
“Since we launched our new ‘recommend a friend’ offer last month, it’s been great to see customers voting with their feet to join TSB and make the most of our offer.
“As it’s been so popular, I’m really pleased that we’re now bringing it back so we can continue to reward our existing customers alongside new customers who join us – with both pocketing £75 each.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
OakNorth posts £10.6m pre-tax profit
OakNorth has announced that it made a pre-tax profit of £10.6m last year.
Revolut launches disposable virtual cards
Mobile banking platform Revolut has announced the introduction of a disposable virtual card feature to its premium service.
Masthaven teams up with Intrinsic Financial Services
Masthaven has announced a new partnership with Intrinsic Financial Services as the bank looks to enable more brokers to access its range of residential mortgages.
Cambridge & Counties refinances Oxfordshire nursery
Cambridge & Counties has refinanced an Oxfordshire nursery, which is creating 50% more places for local children.
How important are brokers in the specialist banking market?
Brokers are an important channel for newly launched banks, a number of industry professionals have claimed.
BFC Bank enters UK market
BFC Bank has launched into the UK banking market offering financial services to UK SMEs.
Liam Fox launches GREAT Innovation in Action Awards
International trade secretary Liam Fox has launched the GREAT Innovation in Action Awards to find the best partnerships between UK and Asia-Pacific companies.
Teachers Building Society names new board of directors chair
Teachers Building Society has named Julie Nicholson as the new chair of its board of directors.
Church of England introduces contactless payments
The Church of England has introduced contactless, virtual terminal and SMS mobile payments to over 16,000 churches, cathedrals and religious sites across England.
FIBA workshops to feature live deal room
The Financial Intermediary & Broker Association (FIBA) has announced that its upcoming regional workshops will give brokers the chance to interact with partner lenders in a live deal room.