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HSBC Advance 1750 Minimum still applies
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Lellylion10
Posts: 22 Forumite


I recently set up the switch from Barclays to HSBC as Martin reported a £150 switch deal and HSBC had removed the minimum pay in per month of £1750. The paperwork has now arrived, and it has on it....
"We'd like to remind you that you'll need to pay in a minimum of £1750 into your account every month"
I checked their FAQs now too and that also states about the minimum pay in needed.
I really miffed as I cannot meet this minimum and was really pleased to see it has been removed according to Martins site, now I find I have an account open that I cannot meet the requirements of.
"We'd like to remind you that you'll need to pay in a minimum of £1750 into your account every month"
I checked their FAQs now too and that also states about the minimum pay in needed.
I really miffed as I cannot meet this minimum and was really pleased to see it has been removed according to Martins site, now I find I have an account open that I cannot meet the requirements of.
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Comments
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Lellylion10 said:I really miffed as I cannot meet this minimum....1
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eskbanker said:Lellylion10 said:I really miffed as I cannot meet this minimum....0
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I would ring them & ask.
None of the doc's on the Advance acc mention paying in requirement.Life in the slow lane0 -
I have not paid £1,750 into my Advance account since July 2020, and there's been no issue*. If I had opened a new Advantage for a switch recently, I would probably just pay in (and take out) £1,750 a month until I had received the switch bonus but then ignore it. That's a lot faster than arguing with them over their rules.
*they did give me a nudge the other day to say they would close the account unless I would make at least one transaction in the next 6 weeks. As I do want to keep the account for now, I did pay in a token amount.1 -
The condition was removed from the terms last month
https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/notice-of-variation-terms-and-conditions-and-charges.pdf
(page 3)5 -
Get the bonus and request the account is down graded.0
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How was the account opening process for you Lellylion10 or anyone else for that matter?. I tried to open one last night and kept getting thrown out with "Aw Snap" on the screen. Possibly big demand owing to the last day of the offer.0
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MDMD said:The condition was removed from the terms last month
https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/notice-of-variation-terms-and-conditions-and-charges.pdf
(page 3)0 -
geemac_one said:How was the account opening process for you Lellylion10 or anyone else for that matter?. I tried to open one last night and kept getting thrown out with "Aw Snap" on the screen. Possibly big demand owing to the last day of the offer.
Switch is due to happen on Monday 20th. So fingers crossed that last bit happens smoothly. Then just to wait for the Switch money to pay in, which according to the paperwork I should get 30 days after the switch date. I'll pop an update on here around 20th Jan.
The only negative so far has been the £1750 which is detailed in the paperwork they sent me, but according to the link by MDMD earlier, says they have removed that.... just wished they had updated their offer details to match!0 -
I haven't paid in for over a year and a half and they didn't do anything.0
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