HSBC pay in requirements

ashmate19

Hello,

I've had a quick search around on the forums but can't find the answer to this question (sorry if it has been asked before)

The minimum monthly pay in is stated as £1750 a month for the HSBC Advance account (to get the £150 bonus). If my salary was just short of this, could I transfer out a few hundred pounds each month and transfer it straight back in so that the amount paid in each month would exceed the £1750. This account would be with another bank, or I could use my partners account instead. Would this satisfy the monthly pay in requirements?

Thanks

badger09

ashmate19 wrote: »

Hello,

I've had a quick search around on the forums but can't find the answer to this question (sorry if it has been asked before)

The minimum monthly pay in is stated as £1750 a month for the HSBC Advance account (to get the £150 bonus). If my salary was just short of this, could I transfer out a few hundred pounds each month and transfer it straight back in so that the amount paid in each month would exceed the £1750. This account would be with another bank, or I could use my partners account instead. Would this satisfy the monthly pay in requirements?

Thanks

Yes, simply transfer out & in again.

eskbanker

Have you actually opened the HSBC Advance account yet? They're notoriously fussy and picky about who they'll accept, so if your monthly salary is less than £1750 (net) this may harm your chances of being accepted for the account in the first place, assuming you're honest about your financial circumstances when applying.

YorkshireBoy

eskbanker wrote: »

They're notoriously fussy and picky about who they'll accept, so if your monthly salary is less than £1750 (net) this may harm your chances of being accepted for the account in the first place

Just to follow on from this, they do have a reputation for taking the liberty of opening a standard 'Bank Account' instead, so if this happens you may wish to stop them doing so. A request to abandon made within a day or two of notification should suffice.

datlex

I meet my various banks requirements by circulating £200 every week. Some folk get paid weekly but over a month would meet the criteria. It is total funds in that count.

The_Boss

Another question on this : my salary comes in very slightly under £1,750 as I have pension payments and season ticket loan taken directly from my salary before it is paid. However, my partner pays around £100-250 into my account (from her NatWest account) every month for shopping bills/social stuff. Would this payment from my fiancee count towards the £1,750/month?

[Deleted User]

The_Boss wrote: »

Another question on this : my salary comes in very slightly under £1,750 as I have pension payments and season ticket loan taken directly from my salary before it is paid. However, my partner pays around £100-250 into my account (from her NatWest account) every month for shopping bills/social stuff. Would this payment from my fiancee count towards the £1,750/month?

Yes it would :j