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  • FIRST POST
    • Stu6781
    • By Stu6781 17th Sep 19, 3:15 PM
    • 91Posts
    • 0Thanks
    Stu6781
    Can I switch from first direct to HSBC accounts to get bonus?
    • #1
    • 17th Sep 19, 3:15 PM
    Can I switch from first direct to HSBC accounts to get bonus? 17th Sep 19 at 3:15 PM
    As the title says, can I switch my first direct current account to the HSBC advance accoun to get the 175 bonus? And how often do they ask for income details? Thanks
Page 1
    • badger09
    • By badger09 17th Sep 19, 4:03 PM
    • 7,393 Posts
    • 6,938 Thanks
    badger09
    • #2
    • 17th Sep 19, 4:03 PM
    • #2
    • 17th Sep 19, 4:03 PM
    As the title says, can I switch my first direct current account to the HSBC advance accoun to get the 175 bonus? And how often do they ask for income details? Thanks
    Originally posted by Stu6781
    Unless there is anything in the HSBC switch incentive T&Cs saying you can't - then you can

    They always ask about income details on the application form. (As does every other current account provider I've ever used).
    • eskbanker
    • By eskbanker 17th Sep 19, 4:06 PM
    • 11,341 Posts
    • 14,031 Thanks
    eskbanker
    • #3
    • 17th Sep 19, 4:06 PM
    • #3
    • 17th Sep 19, 4:06 PM
    As the title says, can I switch my first direct current account to the HSBC advance accoun to get the 175 bonus?
    Originally posted by Stu6781
    As with most such questions, this is answered in the offer Ts & Cs, but if you're happy to open an account and switch based on what's said by an anonymous internet stranger, the answer is 'yes'....

    And how often do they ask for income details?
    Originally posted by Stu6781
    I can't speak from personal experience but know that on application you have to declare your salary, etc, and they'll obviously conduct a credit check, probably accompanied by another with National Hunter to validate consistency of declared income. Anecdotally they're picky about who to accept, so if your income isn't likely to be enough to make the 1,750 monthly payment on an ongoing basis then it's probably not going to be worth trying to fool them - they reserve the right to downgrade accounts when holders no longer satisfy eligibility criteria.
    • Gers
    • By Gers 17th Sep 19, 6:44 PM
    • 7,699 Posts
    • 52,524 Thanks
    Gers
    • #4
    • 17th Sep 19, 6:44 PM
    • #4
    • 17th Sep 19, 6:44 PM
    Over a year since I was refused an HSBC Advanced Account I've now been accepted, despite me now being retired and only in receipt of a LGPS pension, state pension and a tiny salary from a 3 day a month role. They total over 1750 though none will be paid directly into the HSBC account, only a monthly transfer each way.

    I would keep the FD account if you are using Regular Savers. Both of these, plus the M&S account have 5% interest on their RSs.
    • snowqueen555
    • By snowqueen555 17th Sep 19, 10:20 PM
    • 960 Posts
    • 634 Thanks
    snowqueen555
    • #5
    • 17th Sep 19, 10:20 PM
    • #5
    • 17th Sep 19, 10:20 PM
    First is the only bank that as ever declined me a bank account. I don't know if it is because i have an HSBC account, but i'd be interested in knowing if any other HSBC account holders have a First account.
    • Gers
    • By Gers 18th Sep 19, 7:25 AM
    • 7,699 Posts
    • 52,524 Thanks
    Gers
    • #6
    • 18th Sep 19, 7:25 AM
    • #6
    • 18th Sep 19, 7:25 AM
    First is the only bank that as ever declined me a bank account. I don't know if it is because i have an HSBC account, but i'd be interested in knowing if any other HSBC account holders have a First account.
    Originally posted by snowqueen555
    Yes, me. And the M&S one too.
    • badger09
    • By badger09 19th Sep 19, 11:59 AM
    • 7,393 Posts
    • 6,938 Thanks
    badger09
    • #7
    • 19th Sep 19, 11:59 AM
    • #7
    • 19th Sep 19, 11:59 AM
    First is the only bank that as ever declined me a bank account. I don't know if it is because i have an HSBC account, but i'd be interested in knowing if any other HSBC account holders have a First account.
    Originally posted by snowqueen555
    Many of the regular posters, myself included, have current accounts with First Direct, HSBC and M&S
    • 18cc
    • By 18cc 19th Sep 19, 2:31 PM
    • 1,831 Posts
    • 1,348 Thanks
    18cc
    • #8
    • 19th Sep 19, 2:31 PM
    • #8
    • 19th Sep 19, 2:31 PM
    I have hsbc and fd and got switch bonuses for both - never applied for m&s
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