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TSB Bank review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

TSB Bank suits UK customers who want a plain current account alongside a long balance transfer offer, and students sit in its stated audience. The current account monthly fee is £0, the balance transfer window runs 38 months, and the card carries an annual fee of £0.

Key facts

Best for
A UK current account with a £0 monthly fee plus a 38 month balance transfer offer.
Monthly fee
£0 (Source, checked September 26, 2026)
Currency conversion fee
2.95% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Legal entity
TSB Bank plc (Source, checked September 26, 2026)
Founded
2013 (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Audience
Students, Kids
Official website
tsb.co.uk

Credit cards

Annual fee
£0 (Source, checked September 26, 2026)
APR
24.9% (Source, checked September 26, 2026)
Currency conversion fee
2.95% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Balance transfer intro period
38 months (Source, checked September 26, 2026)
Balance transfer fee
3.49% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
TSB Bank plc (Source, checked September 26, 2026)
Founded
2013 (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Audience
Students, Kids

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • The current account monthly fee is £0, and TSB Bank ranks 1 of 419 brands on that measure.
  • The balance transfer offer runs 38 months, with a transfer fee of 3.49% and an annual fee of £0 on the card.
  • A debit card for daily spending and a credit card for the transfer sit with the same provider, so one institution handles both sides of the money.
  • The provider is TSB Bank plc, founded in 2013, which gives a defined operating history rather than a recent entry.

Cons

  • The currency conversion fee of 2.95% is above the site median of 1%, so foreign spending costs more here than on a card with no foreign fee.
  • Borrowing is priced at an APR of 24.9%, above the site median of 20.97%, so anything left after the transfer window is costly.
  • Support runs on help centre only, with no phone or email channel listed.
  • The rewards type is none, so there is no cashback on everyday spending.
TSB Bank

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Scored 8.7 / 10 by DebitCue.

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Who it suits

  • UK customers who want a current account with a £0 monthly fee and a debit card for everyday spending
  • Anyone clearing an existing balance inside the 38 month transfer window
  • Students and younger account holders, who are the named audiences for the bank

Who should look elsewhere

  • Frequent travellers, because the currency conversion fee of 2.95% runs above the site median of 1% and a card built for travel spending fits that pattern better
  • Anyone who wants cashback on everyday purchases, since the rewards type is none
  • Bitpanda, at a monthly fee of €0 in euros, and Varo Believe Secured Credit Card, at $0 in US dollars, sit in other markets rather than alongside a UK current account

Fees and currency costs

On the current account side, the monthly fee is £0, and TSB Bank ranks 1 of 419 brands on that measure, so regular holding costs sit at the floor of this market. On the card side, the currency conversion fee is 2.95%, above the site median of 1% and above the 1% median for debit cards. The figures pull in opposite directions: the monthly charge is the smallest on record, while a foreign purchase carries a cost.

Rates and terms

The balance transfer card is priced at an APR of 24.9%. That sits above the site median of 20.97% and just under the upper quartile mark of 25.64%, so the rate is the part of the offer to read closely rather than the headline transfer. The promotional window runs 38 months, which is the strongest number in the terms, and the arrangement only pays if the balance moved is cleared inside that window.

Using it day to day

Everyday spending runs on a debit card, so payments come straight out of the current account balance instead of building a credit bill. The card type is debit rather than prepaid or virtual, which suits readers who want their money to sit in an account they already hold. Support runs on help centre, and no phone or email channel is listed, so a blocked payment is worked through from help articles rather than a conversation.

Who runs it

The provider is TSB Bank plc, a UK bank, and it was founded in 2013 under that name. That puts the account behind a defined operating history rather than a recent entry, which matters to readers who weigh how long an institution has been running. Support for the current account and for the card products runs through help centre, the same single route listed for the account.

How TSB Bank compares

Where TSB Bank is available

Available
United Kingdom

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What does it cost to hold a TSB Bank account and card?+

The current account monthly fee is £0, so there is no regular monthly charge to budget for. The balance transfer card also has an annual fee of £0. The cost to watch on the card is the currency conversion fee of 2.95%, which applies when you spend outside the UK.

How long is the balance transfer offer and what does it cost?+

The promotional balance transfer window runs 38 months, and moving a balance costs 3.49%. Once that window closes, borrowing on the card is priced at an APR of 24.9%, above the site median of 20.97%. Clearing what you moved before the window ends is the point of the offer.

Is the card a debit card or a credit card?+

Both appear. The everyday account issues a debit card, drawing money from the current account as you spend, and the balance transfer product is a credit card that builds a statement balance. The debit side suits people who want spending to come out of money they already hold, while the credit side is for moving an existing balance.

What does it cost to spend abroad on this card?+

The currency conversion fee is 2.95%, against a site median of 1% for cards in the same comparison. That makes foreign spending among the more expensive parts of the offer, and readers who convert money often may find a travel or no foreign fee card a better fit.

Does the card earn any rewards?+

The rewards type is none, so nothing comes back on everyday purchases. The card is built around the balance transfer window of 38 months and an APR of 24.9% rather than around cashback or points. Readers who want money returned each month should look at a rewards card instead.

How do I get help if a payment goes wrong?+

Support runs on help centre, and that help centre is the only channel listed. Phone and email are the more common routes on other cards in this comparison, so readers who would rather speak to someone about a disputed payment may find it less convenient. The account itself carries a monthly fee of £0.

Who is this card aimed at?+

Students and children are the named audiences for the account, and the fee structure suits that group. The monthly fee is £0, so the account is easy to hold, and the balance transfer window of 38 months also serves anyone clearing an existing balance on a costly card.

Who is behind the account?+

The provider is TSB Bank plc, founded in 2013, and it operates as a UK bank rather than a new entrant. Support for both the current account and the card products runs through help centre. Readers weighing how established the provider is can take the founding year and the named legal entity as the starting point.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

TSB Bank

TSB Bank

A UK current account with a £0 monthly fee plus a 38 month balance transfer offer.

8.7/10See alternatives