HSBC Advance Save Together

spenderdave

I thought the requirement was for salary or pension, not transfers between other accounts HSBC or otherwise. But I may be wrong.

masonic

spenderdave wrote: »

But I may be wrong.

And you are

Having received the paperwork earlier today, the requirement is "You must pay at least £1750 into your Account each month other than by internal transfer from another personal HSBC Account."

Ifts

masonic wrote: »

Having received the paperwork earlier today, the requirement is "You must pay at least £1750 into your Account each month other than by internal transfer from another personal HSBC Account."

Just a heads up re the £1750 that needs to be paid into your account each month, HSBC will be adding an alternative eligibility requirement.

In the email I received from HSBC last week - The summary for HSBC Advance Bank Account says (effective from 18 June 2015):

We've added an alternative eligibility requirement. So instead of paying at least £1,750 into your account each month you can alternatively pay a minimum of £10,500 into your account every 6 months. Internal transfers from any other sole or joint personal accounts you hold with HSBC Bank won't count towards these amounts. HSBC Advance Bank Account applications are subject to status and internal checks.

lonewolf123

Hi everyone

Before I open a HSBC Loyalty ISA, am I right in thinking that its easy access i.e. can deposit and withdraw funds freely within the year with no penalty?

colsten

What do the T&Cs say?

pplchamp

Yes the account is an easy access one. From the HSBC Loyalty Cash ISA brochure:

Paying in
After you open your ISA you can add to your savings, up to the annual limit, by:

transferring money from another of your accounts with us, via telephone, visiting your branch or internet banking;

setting up a regular standing order from your current account;

paying in cash or cheques at any HSBC Bank branch.

Getting access to your money

You can get at your money whenever you like, without any charges and without losing your loyalty rate. You can also transfer to another of your accounts with us via telephone, internet banking or visiting your local branch. You can withdraw cash at any HSBC Bank branch (you will need to have some personal identification).

foreversummer

And the golden question is: Has anyone received their first £10 bonus yet?

Foreversummer:)

Lokolo

foreversummer wrote: »

And the golden question is: Has anyone received their first £10 bonus yet?

Foreversummer:)

It's paid between 11th and 31st of the following month, so I'd be very surprised if anyone had

I will be checking every day from the 11th onwards though!

foreversummer

Thanks Lokolo

Oh I see. I didn't read it right. Yeah - I will be checking too!

Foreversummer:)

Tabatha_Kitten

Has anyone had any confirmation that they have activated the offer ?
The FAQ on the website says they will write to confirm when its activated but I havent received a thing since paying in my £300.