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HSBC Bank Account £75 Switching Offer

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  • binaryuniverse
    binaryuniverse Posts: 912 Forumite
    Part of the Furniture 500 Posts
    Banks do not advertise the basic bank accounts. They are offered to you if they deem you are too much of a risk for a normal account. Overdrafts are not optional. They are no minimum pay in requirements.
  • whitepaper
    whitepaper Posts: 121 Forumite
    binaryuniverse wrote: »
    Banks do not advertise the basic bank accounts. ...

    HSBC advertise theirs ;)

    https://www.hsbc.co.uk/current-accounts/products/basic-bank-account/
  • alandaniel132
    alandaniel132 Posts: 476 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    binaryuniverse wrote: »
    Banks do not advertise the basic bank accounts. They are offered to you if they deem you are too much of a risk for a normal account. Overdrafts are not optional. They are no minimum pay in requirements.

    They all DO advertise in official website. https://personal.hsbc.co.uk/current-accounts/
    I don't understand what you mean. All is in website.
    Overdraft is Optional. Can choice.
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 29 October 2018 at 11:18AM
    alandaniel132 wrote: »
    They all DO advertise in official website. https://personal.hsbc.co.uk/current-accounts/
    I don't understand what you mean. All is in website.
    Overdraft is Optional. Can choice.
    What you are referring to is not an official 'Basic' account with HSBC. You are looking at HSBCs everyday current account, which is simply called 'Bank Account'. The HSBC 'Bank Account' is eligible for a £75 switch incentive.

    This is a discussion about language...The HSBC 'Basic Bank Account' is a totally different product...And does not receive a £75 switch incentive... :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • Bobblehat
    Bobblehat Posts: 754 Forumite
    Seventh Anniversary 500 Posts I've been Money Tipped! Name Dropper
    As an aside to the £75 Switching offer (which I received earlier this month), I found out from HSBC CS that if you are over 64 years of age, there are no requirements to keep up the minimum £500pm pay in or to keep the 2 DDs/SOs. I think this only applies to the BANK ACCOUNT not the ADVANCED ACCOUNT, so do check if you are over 64 and think this is something you would like to take advantage of.

    I now just pay in £250pm to feed the RS and no DDs/SOs.
  • alandaniel132
    alandaniel132 Posts: 476 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Yeap.
    1. Basic Bank Account: no £75
    2. Bank Account: £75
    3. Advance Bank Account: £200

    Since my credit score is low, i aim for Bank Account, £75
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