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HSBC £125 switch bonus

ischris85
ischris85 Posts: 498 Forumite
Fifth Anniversary 100 Posts Name Dropper
edited 15 September 2020 at 2:45PM in Budgeting & bank accounts
Hi All,
It seems to be the season for bank switch incentives. Details for the switch below
https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/125-switcher-offer-terms-and-conditions.pdf
Please note HSBC current account holders on the date of application and have not been on or after 1 January 2017 are not eligible.
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Comments

  • Ed-1
    Ed-1 Posts: 3,964 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ischris85 said:
    Hi All,
    It seems to be the season for bank switch incentives. Details for the switch below
    https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/125-switcher-offer-terms-and-conditions.pdf
    Please note HSBC current account holders on the date of application and have not been on or after 1 January 2017 are not eligible.
    HSBC ≠ Halifax.
  • Ed-1 said:
    ischris85 said:
    Hi All,
    It seems to be the season for bank switch incentives. Details for the switch below
    https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/125-switcher-offer-terms-and-conditions.pdf
    Please note HSBC current account holders on the date of application and have not been on or after 1 January 2017 are not eligible.
    HSBC ≠ Halifax.
    Woops - thanks :)
  • Are they still super picky with applications? I fall short of the £1750 by a bit.
  • D3xt3r5L4b
    D3xt3r5L4b Posts: 1,852 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    edited 15 September 2020 at 10:23PM
    They’ve also knuckled  down on those with a First Direct or M&S account making them not eligible for the switch bonus based on opening date whereas in previous iterations it was never an issue;

    (c) have not have opened a first direct or M&S Bank current account on or after 1 January 2017. You may hold a first direct and/or M&S Bank current account and still qualify for this offer as long as the current account was opened before
    1 January 2017.

    So I’m guessing FD and M&S will follow suit with their switch offers if and when they do them
  • Hmm, should I wait till they start giving £200 again? Or at least £175?  :)

  • dggar
    dggar Posts: 670 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    ischris85 said:
    Hi All,
    It seems to be the season for bank switch incentives. Details for the switch below
    https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/125-switcher-offer-terms-and-conditions.pdf
    Please note HSBC current account holders on the date of application and have not been on or after 1 January 2017 are not eligible.
    Can I just confirm that I'm Not Missing something.
    I have a HSBC Advance account opened July 2015.Still open
    I had a M&S account opened May 2015  and closed Aug 2015
    I had a First Direct account opened Feb 2014 and closed Aug 2020
    The switch offer is not available to me as I already am an account holder.(unlike the Lloyds Club offer)
  • dggar said:
    ischris85 said:
    Hi All,
    It seems to be the season for bank switch incentives. Details for the switch below
    https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/125-switcher-offer-terms-and-conditions.pdf
    Please note HSBC current account holders on the date of application and have not been on or after 1 January 2017 are not eligible.
    Can I just confirm that I'm Not Missing something.
    I have a HSBC Advance account opened July 2015.Still open
    I had a M&S account opened May 2015  and closed Aug 2015
    I had a First Direct account opened Feb 2014 and closed Aug 2020
    The switch offer is not available to me as I already am an account holder.(unlike the Lloyds Club offer)
    Correct, unless you open a joint account (if you previously haven't had one).
  • That's quite restrictive, unfortunately I don't meet the terms 
  • jen49
    jen49 Posts: 194 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Technical problems on website when applying - doesn't bode well IMO
    #40 Save £1 a day for Christmas 2020 £109/366
    #9 Save 12k in2020 £3705/12000.00
  • soulsaver
    soulsaver Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    From link in earlier post:
    Eligibility criteria for Offer Payment. 
    You will qualify for the switcher offer described in these Offer Terms if you:

    (a) apply for an eligible current account on or after 15 September 2020 and before the offer is withdrawn (see term 9 below), and subsequently open that account;

    (b) are not an HSBC current account holder on the date of application and have not been on or after 1 January 2017.
    Where your eligible current account is a joint account, at least one of the joint account holders must complete the switch from either a sole account in their own name or another joint account in the same names;

    (c) have not have opened a first direct or M&S Bank current account on or after 1 January 2017. You may hold a first direct and/or M&S Bank current account and still qualify for this offer as long as the current account was opened before 1 January 2017.

    (d) instruct us to start a full switch of a current account, including at least two Direct Debits or Standing Orders, to your eligible current account using the Current Account Switch Service*1 (“CASS”) to start within 30 days of the date of your eligible current account being opened;

    (e) successfully switch your bank account using the CASS from an account of another UK bank or building society that participates in the CASS; and

    (f) continue to hold an eligible current account on the date we make the Offer Payment. 
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