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!

Switching bonus

Hi,
I have started my switch from Santander to HSBC for the advance account and there is £125 for switching. It does state you need 2 Direct Debits for the switch and the account I'm switching from only has 1 Direct Debit. I wanted to know if that will affect the switch bonus or can I simply set up the 2nd Direct Debit after opening the account?

Thanks 👍

Comments

  • penners324
    penners324 Posts: 3,537 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Set up 2 standing orders now. It's 2 so or dd
  • PRAISETHESUN
    PRAISETHESUN Posts: 4,932 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    You need to have the SOs or DDs set up on the account you are switching (ie. before the switch) or else you WILL NOT qualify for the HSBC offer. Get some SOs set up quick smart.
  • I opened an HSBC Account last year and arranged my 2 direct debits after opening it - didn't have any affect on getting my switching fee. 

  • Tragen
    Tragen Posts: 278 Forumite
    Eighth Anniversary 100 Posts Photogenic Combo Breaker
    switching t&c:

    (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;


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
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K 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.