HSBC Bank Account £75 Switching Offer

alandaniel132

On of the condition is "Instruct us to start a full switch of a current account with at least 2 Direct Debits/Standing Orders using CASS within 30 days of your Bank Account being opened."

Is that mean 2 Standing Order is sufficient? No Direct Debit. there is a word "OR" there.

Only 2 standing order is fine?

binaryuniverse

That is correct.

alandaniel132

Standing order is very easy, just setup today, standing order weekly to another own saving account. Setup today and open HSBC bank account on next week at branch appointment

alandaniel132

any idea when this offer going to end?

Westie983

alandaniel132 wrote: »

any idea when this offer going to end?

Can be pulled at any time, or incentive amount change. (previously was around £200)

Worth knowing that HSBC are quite picky with who they want as a customer so I would apply as soon as you can if you are worried about how long this current incentive will be around for.

Westie983

Willing2Learn

Westie983 wrote: »

Can be pulled at any time, or incentive amount change. (previously was around £200)

It is still £200 for the HSBC Advance account switch. It is £75 switch for the HSBC Bank account.

binaryuniverse

Willing2Learn wrote: »

It is still £200 for the HSBC Advance account switch. It is £75 switch for the HSBC Bank account.

What this poster said. It's an okay offer, if you can't afford the £1750 a month of the advance account, to get the £150 + £50 switch.

pfpf

once the £75.00 is paid do HSBC recover this amount if you do NOT maintain the £500 per month deposit requirement for 6 months?

alandaniel132

binaryuniverse wrote: »

What this poster said. It's an okay offer, if you can't afford the £1750 a month of the advance account, to get the £150 + £50 switch.

I wish to apply for Advance Bank Account, however, my credit score is low, usually only eligible for basic current account which is Bank Account

binaryuniverse

alandaniel132 wrote: »

I wish to apply for Advance Bank Account, however, my credit score is low, usually only eligible for basic current account which is Bank Account

The £75 offering is a standard bank account, and can have an overdraft facility. Not a basic bank account. You're not going to get any basic bank account offering a switch bonus.

alandaniel132

binaryuniverse wrote: »

The £75 offering is a standard bank account, and can have an overdraft facility. Not a basic bank account. You're not going to get any basic bank account offering a switch bonus.

but that is the most basic account in HSBC which is called "Bank Account". You can opt not to have overdraft. Since my credit score is low, I can only choice this if I apply.