We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

HSBC £125 switch bonus

17891113

Comments

  • My only thought is that such action may make you ineligible for any switch deals or indeed any account with any bank in that group- M&S, First Direct & HSBC

    In fact I'm not sure if that would be categorised as fraud?
    Along with every other switcher on here.
    Hands up who is actually going to use the account?
    Me. For the next 12-18 months. I want to use the regular saver. 
    Opinion Panel £50 Lightspeed: £40 Pigsback: £303 Valued Opinions: £365 Media Transfer: £32 Juicy Brains- £30 American Consumer Opinion: £16 Freebie Networks: £220 Cashback Sites: £1503.87 Competitions: £200 Total Cash Value: £2759.87 Last updated: April 2023
  • Catplan
    Catplan Posts: 432 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    My only thought is that such action may make you ineligible for any switch deals or indeed any account with any bank in that group- M&S, First Direct & HSBC

    In fact I'm not sure if that would be categorised as fraud?
    Along with every other switcher on here.
    Hands up who is actually going to use the account?
    Already opened the regular saver, I’ll be keeping it for that but it won’t be my main account.
  • Katiehound
    Katiehound Posts: 8,131 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I think it was only Nat West & Yorks Bank accounts that I did not keep for any length of time- I have kept the others for maybe 3 years, generally because there was a RS or an incentive.

    Being polite and pleasant doesn't cost anything!
    -Stash bust:in 2022:337
    Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82

    2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
    Knits:6covers,4hats,10mitts,2 bootees.
    Crotchet:61angels, 229cards=453 £158.55profit!!!
    2025 3dduvets
  • Once the switch was complete, how long did you have to wait to receive the bonus?
    Opinion Panel £50 Lightspeed: £40 Pigsback: £303 Valued Opinions: £365 Media Transfer: £32 Juicy Brains- £30 American Consumer Opinion: £16 Freebie Networks: £220 Cashback Sites: £1503.87 Competitions: £200 Total Cash Value: £2759.87 Last updated: April 2023
  • Helen28
    Helen28 Posts: 119 Forumite
    Third Anniversary 10 Posts Name Dropper
    I got my £125 and I haven't  paid any money in yet though  it took me 2 weeks before I got online banking set up after the switch.

  • I've been thinking about switching, my nationwide flexdirect will go down in November, and the savers account will be good to transfer some of my "dormant" savings!
  • Uglymug
    Uglymug Posts: 176 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Opened account and my Santander switch has been processed without any issues.
    Applied for a "Regular Saver" 2 days ago, I did not receive any confirmation and can not find any record of my application. Is this normal? I am wondering if they have misplaced my application?
    Could some one please give me an indication of how long it takes to open a "Regular Saver" and if it's normal not to get a confirmation?
  • Uglymug said:
    Opened account and my Santander switch has been processed without any issues.
    Applied for a "Regular Saver" 2 days ago, I did not receive any confirmation and can not find any record of my application. Is this normal? I am wondering if they have misplaced my application?
    Could some one please give me an indication of how long it takes to open a "Regular Saver" and if it's normal not to get a confirmation?
    I applied on Sunday and it was opened on Monday. I got a page once I had completed saying "All done, Your application is being processed" which I saved. 
    Opinion Panel £50 Lightspeed: £40 Pigsback: £303 Valued Opinions: £365 Media Transfer: £32 Juicy Brains- £30 American Consumer Opinion: £16 Freebie Networks: £220 Cashback Sites: £1503.87 Competitions: £200 Total Cash Value: £2759.87 Last updated: April 2023
  • Uglymug
    Uglymug Posts: 176 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Uglymug said:
    Opened account and my Santander switch has been processed without any issues.
    Applied for a "Regular Saver" 2 days ago, I did not receive any confirmation and can not find any record of my application. Is this normal? I am wondering if they have misplaced my application?
    Could some one please give me an indication of how long it takes to open a "Regular Saver" and if it's normal not to get a confirmation?
    I applied on Sunday and it was opened on Monday. I got a page once I had completed saying "All done, Your application is being processed" which I saved. 
    Many thanks for your response. I'll give it till Monday and either chase it up or try to open another one.
  • I've finally had some communication with HSBC. My account is open, my card & PIN are on their way, and they've set my switchover date to be 9th November. Anyone who has already gone through this, how easy is it to get onto online banking once you have a card? Do you have to apply separately for that?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.