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HSBC Switch

MACKEM99
Posts: 1,020 Forumite

Good morning, I am looking at the HSBC Switch Offer of £170 but reading the small print it says:
1. Receive £170 when you switch to an HSBC Advance Account using the Current Account Switch Service (including 2+ Direct Debits or standing orders). You'll need to start your switch within 30 days of account opening and pay in at least £1,500 within the first 60 days. To be eligible, you can't have had an HSBC current account or opened a First Direct current account since 1 January 2019. Once you meet all our eligibility criteria we’ll pay £170 into your account within 30 days. Offer may be withdrawn at any time. Terms and conditions and other eligibility criteria apply. Full offer terms and conditions (PDF, 176 KB)
I am reading it correct "you cannot have had an HSBC current account"
Thanks
1. Receive £170 when you switch to an HSBC Advance Account using the Current Account Switch Service (including 2+ Direct Debits or standing orders). You'll need to start your switch within 30 days of account opening and pay in at least £1,500 within the first 60 days. To be eligible, you can't have had an HSBC current account or opened a First Direct current account since 1 January 2019. Once you meet all our eligibility criteria we’ll pay £170 into your account within 30 days. Offer may be withdrawn at any time. Terms and conditions and other eligibility criteria apply. Full offer terms and conditions (PDF, 176 KB)
I am reading it correct "you cannot have had an HSBC current account"
Thanks
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Comments
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Yes, you are correct. If you held a HSBC account on or after 01 Jan 2019 (even if it is now closed) then you are not eligible for the offer.1
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Thanks for reply I was reading it as If you have EVER had an account with HSBC with the 1 Jan 19 date related to FD?0
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The date applies to both banks1
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So as long as I have not had either since 1 Jan 19 I qualify for incentive.0
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MACKEM99 said:Thanks for reply I was reading it as If you have EVER had an account with HSBC with the 1 Jan 19 date related to FD?
You will NOT qualify for the offer if:
• you are an HSBC current account holder on the date of application or have been on or after 1 January 2019
[...]
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Thanks eskbanker.0
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About the £1500 deposit requirement, does your balance need to stay at 1500 to qualify, or can you just transfer money in and out and just have it record a total deposit of 1500?0
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As long as £1500 has been paid in, it doesn't matter how many payments it takes to reach that or how long it's in there. It could be the same £100 paid in and withdrawn 15 times for example.
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They do a credit scoring. I've just been declined for Advanced Account even though I have an Experian Score of 999??? So no idea what criteria based on!0
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CalamityDoris said:They do a credit scoring. I've just been declined for Advanced Account even though I have an Experian Score of 999??? So no idea what criteria based on!0
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