HSBC Bonus saver

socratez

I would like to open a HSBC savings 3% interest account, but I don't have a current account. Can I open a current account with HSBC and then immediately open the savings account or do I have to wait a certain amount of time?

bristolleedsfan

socratez said:

I would like to open a HSBC savings 3% interest account, but I don't have a current account. Can I open a current account with HSBC and then immediately open the savings account or do I have to wait a certain amount of time?

https://www.bordertelegraph.com/news/23099476.martin-lewis-reveals-hsbcs-online-bonus-saver-account-earn-hundreds/

"Here's a trick, the terms say you can get this account whether you've got a current account or a saving's account. Well it's flex savings account allows you to open it with £1"

Band7

Whilst it might perhaps be possible to open  Flex Saver, and subsequently on OBS, without having an HSBC current account, you cannot transfer any money from either the Flex Saver or the OBS out of HSBC without an HSBC current account.

To answer the OP's question: once your application for the HSBC current account has been successful, you also need to register for online access because you need to be logged into online banking to apply for the OBS

bristolleedsfan

Band7 said:

Whilst it might perhaps be possible to open  Flex Saver, and subsequently on OBS, without having an HSBC current account, 

"Things you need to know Exclusively available to HSBC current or savings account customers"

socratez

bristolleedsfan said:

Band7 said:

Whilst it might perhaps be possible to open  Flex Saver, and subsequently on OBS, without having an HSBC current account, 

"Things you need to know Exclusively available to HSBC current or savings account customers"

Hi all, sorry if I haven't worded my original post correctly. I currently have no accounts with HSBC, and I need one before I can open their 3% savings account. My question is can I open a current account on Monday and then on Tuesday (or when confirmation comes though) open a savings account. Or does the initial account need to be open a minimum amount of time?

RG2015

socratez said:

bristolleedsfan said:

Band7 said:

Whilst it might perhaps be possible to open  Flex Saver, and subsequently on OBS, without having an HSBC current account, 

"Things you need to know Exclusively available to HSBC current or savings account customers"

Hi all, sorry if I haven't worded my original post correctly. I currently have no accounts with HSBC, and I need one before I can open their 3% savings account. My question is can I open a current account on Monday and then on Tuesday (or when confirmation comes though) open a savings account. Or does the initial account need to be open a minimum amount of time?

As soon as your current account is open and you have online access, you will be able to open the Bonus Saver.

I had a savings account (having switched out a current account) and online access and opened a Bonus Saver. I then found that I could not transfer any money out.

I had to open a new current account but that took several days. I believe that this delay would be your main problem.

Nebulous2

I've no idea if they have improved now or not, but opening an HSBC account was a prolonged and complicated process when I did it. 

Measured in weeks rather than days, the most complicated bank account opening I've had. 

RG2015

Nebulous2 said:

I've no idea if they have improved now or not, but opening an HSBC account was a prolonged and complicated process when I did it. 

Measured in weeks rather than days, the most complicated bank account opening I've had. 

I managed to open mine in 7 days. Perhaps I was lucky.

EarthBoy

RG2015 said:

Nebulous2 said:

I've no idea if they have improved now or not, but opening an HSBC account was a prolonged and complicated process when I did it. 

Measured in weeks rather than days, the most complicated bank account opening I've had. 

I managed to open mine in 7 days. Perhaps I was lucky.

Mine took two or three weeks.  It probably just depends how busy they are at the time.

tangerine2

My husband and I have a joint account with HSBC with different log ins.  I have opened an Online Bonus Saver account in my name on my log in Page.  Is my husband able to open an Online Bonus Saver account in his name on his log in Page?  Or are we only allowed one OBS account on our account number?

surreysaver

tangerine2 said:

My husband and I have a joint account with HSBC with different log ins.  I have opened an Online Bonus Saver account in my name on my log in Page.  Is my husband able to open an Online Bonus Saver account in his name on his log in Page?  Or are we only allowed one OBS account on our account number?

Either check the T&Cs to see what they say, or just try it and see what happens

Report back here for others who may be in the same position