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Lucky TSB and First Direct customers to win up to £12,500 cash prize

Paloma Kubiak
Written By:
Paloma Kubiak

Ten existing TSB customers and five new First Direct current account holders are set to take home thousands of pounds as part of two big cash giveaways by the banks.

To celebrate a decade since TSB relaunched as a standalone bank, ten randomly selected account holders will win £10,000 each in the draw.

All eligible TSB customers – around five million – will be entered into the competition automatically, with the winners picked on Wednesday 18 October and contacted by phone by Friday 20 October.

To be in with a chance of winning the cash prize, you must live in the UK, be over 18 years old and hold a personal, business current or savings account, or a mortgage or lending product.

You must have had an open TSB product on Saturday 9 September, but you also need to hold the product on 18 October when the winner is picked at random.

The £10,000 will be paid via cheque or to your TSB account. For business accounts, it’s payable to the business directly.

As you’d expect, there are some exclusions to the prize draw so check out the TSB Big Thank You webpage for the full list of terms and conditions.

If TSB customers don’t wish to be included in the draw, they must opt out via the bank’s website by Tuesday 17 October.

Mark Curran, TSB’s customer banking director, said: “TSB has a long and proud history of helping customers to manage their money better and that’s something we remain committed to today.

“We’re delighted to give TSB customers the chance to win £10,000, to celebrate this important milestone in our history.”

First Direct current account cash giveaway

First Direct is boosting its long-standing current account switch bonus to include five chances to win £12,500.

Five customers who open a new First Direct current account up to Sunday 1 October will be in with a chance of bagging the cash, on top of its ongoing £175 switch bonus.

As with TSB, eligible customers are those who live in the UK and are 18+. If you fit the bill, you’ll be automatically entered into the prize draw with winners selected at random.

The prize draw takes place on Wednesday 8 November, with winners contacted by phone, email or text within 14 days.

For those opening the First Direct 1st account via the Current Account Switch Service (CASS), be aware that you must pay in £1,000 within 30 days. If you held an HSBC current account – the parent company of First Direct – on or after 1 January 2020, you won’t be eligible.

Lloyd Robson, head of banking and propositions at First Direct, said: “This prize could help our customers with funding a financial milestone such as a deposit for their first home or might simply alleviate the pressure of rising costs in the run up to Christmas. However it’s used, we hope it’ll make a big difference to the winners.

“This prize draw is the latest measure designed to give back to our customers. This is on top of our long-standing switching incentive, best-buy saving rates, interest-free overdraft facility, as well as the recent removal of overseas transaction fees.”

See the First Direct prize draw page for the full terms and conditions.