Free travel insurance etc with bank account!!!

gwatigger

Hi
Firstly appologies if I have put this in the wrong place!!!!

I am a HSBC customer and have been for a few years ( about a millenium!!)
The other day I was talking to them sorting out other stuff and was offered a bank account plus. Not sure what the requirements are for getting this but can't be anything to high as I only earn a normal wage and credit score not fantastic!! However you do pay small fee each month for switching but I intend to use the things I have put below to save more than that!!!

Here is a very brief overview of what is included with my new account!!

Fully comp woldwide family travel insurance
Identity theft assistance
Price promise on loans and credit cards etc
30% off Mcaffee internet security
£30 cashback when I join BT broadband
No fee's on worldwide cash withdrawal
£100 cashback if I switch mortgage to HSBC
Higher interest rate on money in my account ( if there ever is any!!!!!)
12.8% ear overdraft rate - 2% cheaper than normal account
Higher rate on mini cash isa
Free internet and telephone banking ( theirs is fab!!)
No arrangement fee on overdraft up to £5000
Cashback when paying by debit card in shops ( haven't got list yet - but trying to get one!!! )

know some will think thats just a load of initial freebies to tempt you but I am planning to do some travelling this and no limit on travel insurance so that was my big attraction.

Hope this doesn't waffle too much and some find it useful.


:A

blue_haddock

This is hardly a freebie - it costs somewhere in the region of £13 a month.

Cook_County

This is the opposite of MONEY SAVING! It is certainly SPEND required!

kuohu

So.. about £150 a year for the account with 'free' travel insurance? The last time I bought travel insurance it was £50 from the Post Office.

The internet banking would be free anyway, wouldn't it? And would there be an arrangement fee anyway for an overdraft?

Account could be worth it if the numbers add up in your favour for the overdraft % rate and the ISA rate. Otherwise... I'm skeptical of accounts that charge you a pointless monthly fee.

Mark7799

Check the cover offered on the travel insurance very carefully. I went for something like this a few years ago but when I read the T&C's of the travel policy it was so restrictive (they expected us to phone UK if we had an accident and they would give us details of a medical centre to visit - nearest one was 60 miles from where we stayed) I vowed to pay for a 'proper' one in the future.