TSB has introduced a new competition giving customers the chance to win up to £10,000. Participants will automatically enter the Dream Fund prize draw by depositing £5,000 into their TSB personal current or savings account before September 30. TSB will award a total of 155 cash prizes, including five £10,000 prizes, fifty £250 prizes, and one hundred £100 prizes.
To be eligible, the £5,000 deposit must come from a non-TSB account, and customers must be 18 years or older and UK residents. Each £5,000 deposit earns one entry into the prize draw. Depositing £10,000 in a single transaction will result in two entries, while partial amounts below £5,000 will not count, even if they total £5,000.
Details and terms and conditions for the Dream Fund prize draw can be found on the TSB website. This additional prize draw complements the existing monthly draw for TSB personal current account holders, offering the chance to win a trip for two to Toronto and Niagara Falls or £300 in Red Letter Day vouchers.
TSB’s Everyday Banking Director, Surina Somal, expressed excitement about providing customers with more incentives for banking with TSB, highlighting the ongoing effort to reward customers. The launch of the Dream Fund prize draw follows the discontinuation of TSB’s bank account switch offer, which previously included rewards totaling £310 for new customers switching to the TSB Spend and Save account.
Other banks, such as First Direct, are currently offering switch bonuses as well, with First Direct providing £175 to customers who switch to its 1st Account and meet certain criteria. It is important to note that various banks are offering incentives for customers to switch accounts, each with its own set of terms and benefits.
