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Switching from HSBC to M&S incentive?

Having benefited from the HSBC incentive payments for switching to their current account, I'm now considering switching to M&S to get their incentive payments. But I'm not sure if I would be wasting my time ...

I notice that M&S bank seems to be run by HSBC, so they may not consider it to be a real switch.

Am I likely to be rejected for the M&S incentive payments because I they will know about my having already benefited from my HSBC account incentive payments?

Has anyone switched from HSBC to M&S and successfully received the incentive payments from both?

Comments

  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    ericpode wrote: »
    Having benefited from the HSBC incentive payments for switching to their current account, I'm now considering switching to M&S to get their incentive payments. But I'm not sure if I would be wasting my time ...

    I notice that M&S bank seems to be run by HSBC, so they may not consider it to be a real switch.

    Am I likely to be rejected for the M&S incentive payments because I they will know about my having already benefited from my HSBC account incentive payments?

    Has anyone switched from HSBC to M&S and successfully received the incentive payments from both?

    If it doesnt mention on the T&C's of M&S then switching from HSBC will be fine,
    M&S T&C's

    I cant see anything of the sort on the website, and therefore can conclude that you can switch from HSBC to M&S, if you qualify for an account with them, and your HSBC account has at least 2 DD.

    Good luck

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
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    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Rich2808
    Rich2808 Posts: 1,442 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    No problem with this.

    The only in group switching that doesn't work in terms of incentives is Bank of Scotland to Halifax.
  • System
    System Posts: 178,422 Community Admin
    10,000 Posts Photogenic Name Dropper
    M&S Financial Services and HSBC Bank are two different companies.
    Halifax and BOS are the same bank - not simply the same 'group'.


    Rich2808 wrote: »
    No problem with this.

    The only in group switching that doesn't work in terms of incentives is Bank of Scotland to Halifax.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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