HSBC £125 switch bonus

soulsaver

ischris85 said:

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).

Do you mean you think while you are a solo account holder you could open a joint and become eligible? 
Is that your opinion or you have that from HSBC authority?

At face value I'd think that would fail against the you're eligible if you "are not an HSBC current account holder on the date of application and have not been on or after 1 January 2017."

ischris85

soulsaver said:

ischris85 said:

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).

Do you mean you think while you are a solo account holder you could open a joint and become eligible? 
Is that your opinion or you have that from HSBC authority?

At face value I'd think that would fail against the you're eligible if you "are not an HSBC current account holder on the date of application and have not been on or after 1 January 2017."

That's what i read from para 5.

treeroy

It's good to see that multiple banks are doing switch offers again, but they all seem to be requiring higher monthly pay ins than before Covid. None of these used to have pay in requirements... now they are all asking £1,500+ per month, and this one at £1,750 is even more.

soulsaver

treeroy said:

It's good to see that multiple banks are doing switch offers again, but they all seem to be requiring higher monthly pay ins than before Covid. None of these used to have pay in requirements... now they are all asking £1,500+ per month, and this one at £1,750 is even more.

No change at HSBC -  Advance was £10500 for 6 months or £1750pm to maintain Advance status at the last switch offer, at least last 2/3 years ago.

Katiehound

oh dear, they've realised that HSBC, First Direct & M&S are linked....... I wonder how long it will be before the Lloyds group makes banks within it's group ineligible.
I had hoped to switch to 1st D at some time in the future- I reckon that notion has just sunk!!

WyeValley

Tried to apply this morning but as a retired OAP with only pension income I was declined.  Put in a formal complaint to HSBC for ageism and the lack of a box to tick that I am able to fund the necessary monthly amount from considerable savings. I did ask whether they wanted my £20K from Santander or not?  You can only open this account online because of Covid 19.  I will try to apply in joint names but we had wanted to open 2 accounts to gain the £250 switch payout, as per MSE would approve!!

jen49

WyeValley said:

Tried to apply this morning but as a retired OAP with only pension income I was declined.  Put in a formal complaint to HSBC for ageism and the lack of a box to tick that I am able to fund the necessary monthly amount from considerable savings. I did ask whether they wanted my £20K from Santander or not?  You can only open this account online because of Covid 19.  I will try to apply in joint names but we had wanted to open 2 accounts to gain the £250 switch payout, as per MSE would approve!!

WyeValley I doubt it is that you're a pensioner I was declined despite have a good income from wages and NHS pension.
I have read HSBC are very picky.

Why not go to Lloyds or RBS (amended from Halifax) and get £100 if you open both you get double.

Ed-1

jen49 said:

WyeValley said:

Tried to apply this morning but as a retired OAP with only pension income I was declined.  Put in a formal complaint to HSBC for ageism and the lack of a box to tick that I am able to fund the necessary monthly amount from considerable savings. I did ask whether they wanted my £20K from Santander or not?  You can only open this account online because of Covid 19.  I will try to apply in joint names but we had wanted to open 2 accounts to gain the £250 switch payout, as per MSE would approve!!

WyeValley I doubt it is that you're a pensioner I was declined despite have a good income from wages and NHS pension.
I have read HSBC are very picky.

Why not go to Lloyds or Halifax and get £100 if you open both you get double.

Halifax offer has ended.

jen49

Ed-1 said:

jen49 said:

WyeValley said:

Tried to apply this morning but as a retired OAP with only pension income I was declined.  Put in a formal complaint to HSBC for ageism and the lack of a box to tick that I am able to fund the necessary monthly amount from considerable savings. I did ask whether they wanted my £20K from Santander or not?  You can only open this account online because of Covid 19.  I will try to apply in joint names but we had wanted to open 2 accounts to gain the £250 switch payout, as per MSE would approve!!

WyeValley I doubt it is that you're a pensioner I was declined despite have a good income from wages and NHS pension.
I have read HSBC are very picky.

Why not go to Lloyds or Halifax and get £100 if you open both you get double.

Halifax offer has ended.

Thanks for that  I meant RBS - just changed my op - blonde moment 

st999

Do I need the 2 standing orders set up before I start the switch?
I knew my NatWest account that I switched from my TSB account would come in useful.