HSBC switch offer - £120 - apply by 28/02/16

Paul_1977

henm2 wrote: »

Then you are fine. Its the 'bank' current account that needs a minimum of £500 credit turnover a month.
On 'current' account terms you miss out only on the likes of an overdraft facility and access to accounts like the regular saver which pays 4% and loyalty cash isa.

Are there two current accounts? I was going to upgrade to advanced but could not be bothered to call them.:money:

alternate

"bank", "premier" and "advance" seem to be the main ones. Premier has no pay in req, bank is 500, advance is 1750.

https://www.hsbc.co.uk/1/2/current-accounts

Paul_1977

I tried to upgrade, they want three months of 1750 before they will upgrade it.

henm2

Paul_1977 wrote: »

Are there two current accounts? I was going to upgrade to advanced but could not be bothered to call them.:money:

Premier, Advance, Bank, Current (to existing customers only) and basic are the main personal current accounts offered by HSBC. https://www.hsbc.co.uk/1/2/current-accounts

Paul_1977

Thanks, I have found out there are:

Basic Bank Account, no monthly income payment required.

Bank Account Pay Monthly - £10 fee- £500 per month income payment required.

Bank Account, £500 per month income payment required.

HSBC Advance, £1750 per month income payment required.

HSBC Premier, £50k savings required and yearly income payment required.

HSBC Private, you needs lots of money for that.:D

They seem to be getting very strict with Advance upgrades, they would not upgrade me over the phone until three months of evidence that my £1750 was being paid in each month, even when I put in the 10.5k, they would not.

So I went to branch and had to show evidence of my salary, then they upgraded me. Blind me.

alternate

What do you get with advance apart from a regular saver?

Paul_1977

alternate wrote: »

What do you get with advance apart from a regular saver?

A slightly better rate. 6% instead of 4%. Its only unto 3k a year though I think.

Karl_Valentin

Account opened: 28 January
Switch completed: 19 February

80 days after the switch was completed, on Monday (10 May) I hadn't received any money. The terms and conditions state maximal 70 days after account opening! Contacted HSBC by secure message. Received an apology and the £120 today.

Money received: 12 May