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HSBC Premier changes
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I also got this email, and met their old criteria. Had the account for two years but was starting to question what I was getting that was useful.Perplexingly I meet the Barclays premier eligibility but their systems don’t think I do owing to salary sacrifice. That would be a much more useful account as currently collect Avios with their Avios+ Barclaycard and could get extra through it.I’ll just go back to using my first direct account if/when HSBC make any changes.1
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I don’t earn enough for Barclays premier, but they suddenly offered me an account for £20 a month.0
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I've had a Premier account for years and moved most of my qualifying money out soon after being upgraded. Can't say I'll really miss it as I never made much use of any of the benefits.0
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I am glad others feel as peeved as I do. What I dont understand (forgive me if I missed it but life often gets in the way) but I thought financial compensation was £85K should the unthinkable happen. Also when I tried to claim under the travel insurance when I had to cancel my trip at short notice as my mother suffered heart failure, the claim was refused as they did not feel a critical incident with a mother was a worthwhile reason to cancel a short break!0
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Do any of you know what the £100k/year requirement translates to as a monthly transfer into the account? I qualify under the previous threshold (and they don't seem to have a problem with this coming in as a transfer from one of my other bank accounts) but I'm potentially short of the new one, depending how it's defined.
I estimate I'm saving £50-£200 a year on travel insurance (depending where I travel to) - so worth it for a free account, if I can get round the eligibility requirements.
Also - the email I got in November said 'New Premier health benefits coming early 2025' but I haven't seen mention of these since then - does anybody know any more about this?0 -
In the region of £5,700.
The bank will be able to distinguish between a transfer and a payroll bacs.0 -
I’m surprised some were upgraded to premier so easily. When I upgraded to advanced they asked for pay slips!0
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HSBC are offering a win of 40k if you invest only for premier customers.I’m starting to get a message from HSBC that they really are not interested in anyone who earns less than 100k. Fair enough I guess. But if they don’t offer anything to those below I am sure lots will take their custom elsewhere.1
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Somewhat annoying as I’ve had Premier for years and HSBC have done extremely well from me! Now newly retired with a pension less than they require so I’ll get kicked off! The only benefit I’ve had is 1 small travel insurance claim of less than £100 so not much of a return anyway is it?1
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