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Closing TSB to open HSBC. Will I have to pay back Incentive?

evosy1978
evosy1978 Posts: 652 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Budgeting & bank accounts
Hi

I opened a tsb account in December and was given £100 bonus 30 days later.

If i close the account to switch to another am i liable to pay it back?


I can't see any reference in t and c's anywhere?

thanks

Comments

  • masonic
    masonic Posts: 29,698 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    evosy1978 wrote: »
    I can't see any reference in t and c's anywhere?
    Then you have your answer. Six months is more than enough time to test out the account and decide it's not for you.
  • badger09
    badger09 Posts: 11,819 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Why don't you use the CASS to switch your TSB account to HSBC?

    You might be eligible for a switching incentive, and any random payments into your TSB account will be automatically forwarded.
  • evosy1978
    evosy1978 Posts: 652 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    badger09 wrote: »
    Why don't you use the CASS to switch your TSB account to HSBC?

    You might be eligible for a switching incentive, and any random payments into your TSB account will be automatically forwarded.


    Hi

    what is CASS please?

    ta
  • maxximus75
    maxximus75 Posts: 616 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    HSBC Advance accounts are running a £150 bonus if you switch using the current account switching service.


    You just have to transfer over with at least 2 direct debits/standing orders and pay in at least £1750 per month for at least 9 out of the first 12 months.


    If you do this then they also give you another £50 bonus after the 12 months.
  • badger09
    badger09 Posts: 11,819 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    evosy1978 wrote: »
    Hi

    what is CASS please?

    ta

    Sorry

    its the Current Account Switching Service

    https://www.hsbc.co.uk/current-accounts/switching-to-hsbc/
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