HSBC Account Switch Cashback

amillionlittlepieces

Hello All,

I recently switched to HSBC and received the £150 switching bonus. Does anyone know if there is a time limit on how long you need to keep the account and if they can take this back? Thinking of switching again...

Thanks

PRAISETHESUN

Once it has been paid, my understanding is that the money is yours. If you want to be eligible for the extra £50, you need to keep the account open for a further 12 months, and meet the minimum funding requirements - I'd recommend you consider doing this, as the associated 5% regular saver for Advance account holders is very worthwhile in my opinion.