HSBC Premier increases requirement

Theleak250

HSBC have increased the income requirement for their premier account from £75.000 to £100,000. In addition if you wish to use the savings route, you now need £100,000 instead of £50,000.

I have to say if I had £100k sitting in an account, it wouldn’t be at HSBC!

I wonder if existing account holders will be thrown out if they don’t meet the new requirements?

Hurri

If you opened a Premier Account, or submitted your application for a Premier Account, on or before 4 September 2024, the previous eligibility criteria will still apply.

https://www.hsbc.co.uk/current-accounts/products/premier/day-to-day-banking/bank-account/#eligibility

DavidT67

Theleak250 said:

HSBC have increased the income requirement for their premier account from £75.000 to £100,000. In addition if you wish to use the savings route, you now need £100,000 instead of £50,000.

I have to say if I had £100k sitting in an account, it wouldn’t be at HSBC!

I wonder if existing account holders will be thrown out if they don’t meet the new requirements?

The criteria is £100K in Savings or Investments, so you can use the HSBC InvestDirect Stocks and Shares platform or their Global Investment Centre fund platform, not just a savings account.