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
Sainsbury’s Bank withdraws all base rate tracker products
Sainsbury’s Bank has removed all of its base rate tracker mortgage products with immediate effect...
Leek United extends mortgage offer period
Leek United Building Society has announced that it has doubled the offer period on its mortgages from three to six months...
STB strengthens real estate finance division
Secure Trust Bank (STB) has announced the appointment of Chris King (pictured above) and Andy Thomson to lead the company’s real estate finance division across London and the South East...
CYBG and Virgin Money agree takeover offer
The boards of Virgin Money Holdings (UK) PLC and CYBG PLC have agreed the terms of a recommended all-share offer to be made by CYBG for Virgin Money...
UTB extends max loan size on second charge mortgages
United Trust Bank has increased the maximum loan size on its second charge mortgages from £250,000 to £400,000...
BBB launches online information hub
The British Business Bank has introduced an online hub that provides information regarding the finance options available to scale-up, high-growth and potential high-growth smaller businesses...
Metro Bank updates mortgage rates
Metro Bank has refreshed the rates across its residential, buy-to-let (BTL) and large loan ranges...
Our response to the Treasury committee's SME finance inquiry
Earlier this year, the Treasury committee launched an inquiry into SME finance looking at a number of issues...
Anthony Browne joins Coconut board
Coconut – the smart current account for freelancers and the self-employed – has appointed Anthony Browne (pictured above) to its board...
Cambridge & Counties to launch new products and expand UK reach
Specialist bank Cambridge & Counties has revealed that it aims to cover the entire country within the next few years, as well as expanding its product suite...
OakNorth provides £7.3m loan to luxury hotel chain
OakNorth has completed a £73m loan to Z Hotels, bringing its total lending to the hotel group to £225m...