New HSBC Advance or Premier current account £200 switch incentive

dealyboy

@deano3 said:

Morning, the wife and I have a joint account and she has a separate solo account. Would we qualify for 2 fees should we switch them both to HSBC? 

Thanks

Hi ... that's an interesting question ... so opening two sole HSBC accounts, switching one sole to sole and one joint to sole. I've checked the switch T&Cs document and it doesn't mention this scenario, the conditions they do reference relate to switching to a joint account.

As long as the 'joint to sole' works in the application process, my opinion is you should expect to receive two incentives, one for each new account, one in your name and one in your wife's.

deano3

dealyboy said:

@deano3 said:

Morning, the wife and I have a joint account and she has a separate solo account. Would we qualify for 2 fees should we switch them both to HSBC? 

Thanks

Hi ... that's an interesting question ... so opening two sole HSBC accounts, switching one sole to sole and one joint to sole. I've checked the switch T&Cs document and it doesn't mention this scenario, the conditions they do reference relate to switching to a joint account.

As long as the 'joint to sole' works in the application process, my opinion is you should expect to receive two incentives, one for each new account, one in your name and one in your wife's.

Thanks for your reply.

I was hoping to switch the joint account to a new joint account but reading your response it sounds like the only option would be joint to solo, perhaps?

eskbanker

deano3 said:

dealyboy said:

@deano3 said:

Morning, the wife and I have a joint account and she has a separate solo account. Would we qualify for 2 fees should we switch them both to HSBC? 

Thanks

Hi ... that's an interesting question ... so opening two sole HSBC accounts, switching one sole to sole and one joint to sole. I've checked the switch T&Cs document and it doesn't mention this scenario, the conditions they do reference relate to switching to a joint account.

As long as the 'joint to sole' works in the application process, my opinion is you should expect to receive two incentives, one for each new account, one in your name and one in your wife's.

Thanks for your reply.

I was hoping to switch the joint account to a new joint account but reading your response it sounds like the only option would be joint to solo, perhaps?

No, it isn't possible to switch a joint account to a sole one via the Current Account Switching Service that's a prerequisite for such incentives, a joint account has to be switched to another joint one....

Q. I have a joint account. Can I switch my current account?

A. Yes, as long as both parties agree to the switch and you are switching to another joint account. It is not possible to use the service to switch a joint account to a sole account.

https://www.currentaccountswitch.co.uk/help-support/

deano3

eskbanker said:

deano3 said:

dealyboy said:

@deano3 said:

Morning, the wife and I have a joint account and she has a separate solo account. Would we qualify for 2 fees should we switch them both to HSBC? 

Thanks

Hi ... that's an interesting question ... so opening two sole HSBC accounts, switching one sole to sole and one joint to sole. I've checked the switch T&Cs document and it doesn't mention this scenario, the conditions they do reference relate to switching to a joint account.

As long as the 'joint to sole' works in the application process, my opinion is you should expect to receive two incentives, one for each new account, one in your name and one in your wife's.

Thanks for your reply.

I was hoping to switch the joint account to a new joint account but reading your response it sounds like the only option would be joint to solo, perhaps?

No, it isn't possible to switch a joint account to a sole one via the Current Account Switching Service that's a prerequisite for such incentives, a joint account has to be switched to another joint one....

Q. I have a joint account. Can I switch my current account?

A. Yes, as long as both parties agree to the switch and you are switching to another joint account. It is not possible to use the service to switch a joint account to a sole account.

https://www.currentaccountswitch.co.uk/help-support/

Thanks for clarification.

I do wonder then if my original question is possible. 

eskbanker

deano3 said:

eskbanker said:

@deano3 said:

Morning, the wife and I have a joint account and she has a separate solo account. Would we qualify for 2 fees should we switch them both to HSBC? 

No, it isn't possible to switch a joint account to a sole one via the Current Account Switching Service that's a prerequisite for such incentives, a joint account has to be switched to another joint one....

Thanks for clarification.

I do wonder then if my original question is possible. 

The offer terms suggest not:

If you open an eligible current account in joint names, and you and/or the other joint account holder meet the eligibility criteria set out in these Offer Terms, we will make one Offer Payment into that account. You and your joint account holder will not be entitled to more than one Offer Payment between you.

https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/accounts/hsbc-200-cass-switcher-offer.pdf

dealyboy

eskbanker said:

deano3 said:

dealyboy said:

@deano3 said:

Morning, the wife and I have a joint account and she has a separate solo account. Would we qualify for 2 fees should we switch them both to HSBC? 

Thanks

Hi ... that's an interesting question ... so opening two sole HSBC accounts, switching one sole to sole and one joint to sole. I've checked the switch T&Cs document and it doesn't mention this scenario, the conditions they do reference relate to switching to a joint account.

As long as the 'joint to sole' works in the application process, my opinion is you should expect to receive two incentives, one for each new account, one in your name and one in your wife's.

Thanks for your reply.

I was hoping to switch the joint account to a new joint account but reading your response it sounds like the only option would be joint to solo, perhaps?

No, it isn't possible to switch a joint account to a sole one via the Current Account Switching Service that's a prerequisite for such incentives, a joint account has to be switched to another joint one....

Q. I have a joint account. Can I switch my current account?

A. Yes, as long as both parties agree to the switch and you are switching to another joint account. It is not possible to use the service to switch a joint account to a sole account.

https://www.currentaccountswitch.co.uk/help-support/

@deano3 ... 
and thanks @eskbanker ...

... so 'joint to joint' and 'sole to sole' is possible as is 'sole to joint' (specifically mentioned in the HSBC switch T&Cs). It would appear then that only one incentive would be payable ... unfortunately

From the T&Cs under The Offer Payment ...

2. If you open an eligible current account in joint names, and you and/or the other joint account holder meet the eligibility criteria set out in these Offer Terms, we will make one Offer Payment into that account. You and your joint account holder will not be entitled to more than one Offer Payment between you.

or your wife switches hers to a sole account and you find another sole account to switch, perhaps a donor/dummy as they call it  .

EssBiem

Afternoon,

Myself and my partner haven't opened 'sole' accounts with first direct since before 2020. But did open a joint account with first direct in 2021.

It doesn't explicitly say, but I'm assuming opening an account is just that, sole or joint, and so we won't be eligible?

I don't want to try now, and fail and wait 5 more years for new switch incentives we can use, when we could just ignore it this year, and maybe be eligible in 1-2 years.

pfpf

should i now assume this is a no for me?
applied 20th and had daily texts till Sunday saying they were very busy etc etc. nothing since. have people eventually got an account after such a length of time?

Johntea

I've just applied and been told they need to do some 'important checks' which may take up to 10 days, assume I've been approved for the account though as presumably it would have declined otherwise at the stage after carrying out the credit checks

pfpf

Johntea said:

I've just applied and been told they need to do some 'important checks' which may take up to 10 days, assume I've been approved for the account though as presumably it would have declined otherwise at the stage after carrying out the credit checks

exactly my 1st text from them. hard credit check on the 20th and a couple more texts. nothing since sunday.