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HSBCs £200 switch incentive ending this month?!
Comments
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andromedean wrote: »Regarding this condition
I presume this means that two direct debits must be present in the prior account before the switch, you can't set it up after? If so I may need to arrange another direct debit before the switch if not before the application
I also presume they aren't bothered about sending £1,750/mth in then 1750/month out to the same bank? Seems a bit of a cheat.
Yes, the DDs or SOs need to be set up on the account to be switched. I assume you know SOs are very easy to set up;)
Don't presume. Its a current account so you would be expected to spend your salary/wages/pension etc if that was the source of your deposits.
Before transferring it all out again though, you might take a look at their regular saver.0 -
Yes, the DDs or SOs need to be set up on the account to be switched. I assume you know SOs are very easy to set up;)
Don't presume. Its a current account so you would be expected to spend your salary/wages/pension etc if that was the source of your deposits.
Before transferring it all out again though, you might take a look at their regular saver.
It's worked on other accounts, is there something on this one which says it's against the terms & conditions?0 -
andromedean wrote: »It's worked on other accounts, is there something on this one which says it's against the terms & conditions?
Perhaps I should have said 'there is no need to presume'.
As you will know from having read them, there is nothing in the T&Cs which says you must leave a specific amount in the account for a specific length of time.0 -
Perhaps I should have said 'there is no need to presume'.
As you will know from having read them, there is nothing in the T&Cs which says you must leave a specific amount in the account for a specific length of time.
I've no problem using their 5% saver but feeding £1750 into it every month without earning interest on nearly all of it, is a bit much unless some can be churned around.0 -
andromedean wrote: »I've no problem using their 5% saver but feeding £1750 into it every month without earning interest on nearly all of it, is a bit much unless some can be churned around.
So, £1750 in, £250 to the RS, £1500 out again:)
Personally, I run mine with a small balance and make sure I use it either to buy something, or pay a small amount off my credit card every 3 or 4 months. That way it looks as if I'm using it for something other than access to the RS. There's nothing to say that's necessary though.0 -
Sorry to be a pain but I’m on holiday at the moment and want to double check the t&cs for the £200. I have switched successfully with a couple of direct debits but I’m not sure whether I need to pay in the £1,750 within 30 days to qualify. If so, can it be sent from a first Direct account?
I’ve looked at the t&cs on the hsbc website and can see no mention of it but would like to double check with others who may know.
I only received my debit card on the day I left home and didn’t have a chance to set up payment instructions from another account. My only option would be to telephone first direct to pay. By the time I get back it’ll be touch and go whether I’m within 30 days.0
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