£75 when you switch with HSBC Bank Account

Pablo2010

I am not sure but this switch offer hasn't been mentioned on this forum yet:



https://www.hsbc.co.uk/current-accounts/products/bank-account/#apply-anchor


Account application including switch can be made online.


Eligibility criteria for Offer Payment
4.We will make the Payment described at clause 5, if you
comply with all the following requirements, namely:
a.you apply for an Eligible Account from 10 September 2018
until further notice, and such account is subsequently opened;
b.you are not an existing HSBC current account holder on the
date of application (and have not been on or after 1 January
2015)*
1. If you are opening a joint Eligible Account, this
requirement must be met by at least one account holder;
c.you instruct us to start a full switch of a current account,
including at least two Direct Debits or Standing Orders, to your
Eligible Account using the Current Account Switch Service*
2(CASS) to start within 30 days of the date of your Eligible
Account being opened. If you are opening a joint Eligible
Account both account holders must do this; and
d.you continue to hold an Eligible Account on the date we
make the Payment.

stehouk

Beware, i'm switching to them from Halifax and it's not been a good experience, 3 weeks in and i have only just managed to get access to the account, iv'e had to take photo id and proof of id in branch and letter after letter, very very slow and to cap it all i moved £50 as a test transfer from Halifax on 27th September and it's not arrived.
I do not normally have problems opening accounts as they are all confirmed online.

PRAISETHESUN

It's been discussed in detail in a few threads, a quick search should locate them for you. The Advance account pays up for £200, whilst the regular account offers £75. As has been mentioned, the account opening/switching process is very slow and old-school (multiple paper forms to send back and forth) and can be fraught with problems, but they usually get sorted with a quick phone call or branch visit. I wouldn't want to use them as my main account, but the switching money and the 5% regular saver that comes with the Advance account is worth the effort IMO.

stehouk

Just got off the phone and the money is stuck in a dormant account and has to be requested to sent to my account because even though i had the debit card and pin number with a letter welcoming me to HSBC the account wasn't open, iv'e never had that happen in any of my account applications seems HSBC are stuck in the past, i hope things are going to improve.

redmalc

They would be better off looking after their long established clients who have been utilising their services for the past twenty plus years.

Goodbye HSBC