HSBC switch £150 bonus?

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tudorfan22
tudorfan22 Posts: 436 Forumite
in Budgeting & bank accounts
I applied for a switch to HSBC – for the £150 bonus yesterday, at the time they said they needed to do some routine checks before I got a decision, today I got the confirmation email that they did accept me, but its outside the deadline. My question is, as I applied before the deadline, will they honour the £150 bonus or will I not be entitled to it because im apparently confirmed today – outside the deadline
Thanks !
)

:beer:
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  • EachPenny
    EachPenny Posts: 12,239 Forumite
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    tudorfan22 wrote: »
    I applied for a switch to HSBC – for the £150 bonus yesterday, at the time they said they needed to do some routine checks before I got a decision, today I got the confirmation email that they did accept me, but its outside the deadline. My question is, as I applied before the deadline, will they honour the £150 bonus or will I not be entitled to it because im apparently confirmed today – outside the deadline

    Read the offer T&C's very carefully. Usually they will say something to the effect of "applications made before...". If that's the case then you'd be ok. If the T&C's say "accounts opened before...." then you are on less firm ground. If it says "Applications approved before..." then you need to worry. :)
    "In the future, everyone will be rich for 15 minutes"
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    EachPenny wrote: »
    Read the offer T&C's very carefully.
    If you get as far as 4(b) and haven't found your answer, then go back to the beginning and start again!
  • jblakeborough
    jblakeborough Posts: 4 Newbie
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    I've also applied before the deadline but was wondering how soon they pay? I don't intend to keep the account for long and wish to switch to another, how soon did anyone else do this?
  • radoslaff
    radoslaff Posts: 168 Forumite
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    jblakeborough wrote: »
    I've also applied before the deadline but was wondering how soon they pay? I don't intend to keep the account for long and wish to switch to another, how soon did anyone else do this?

    For my and my wife's accounts it took between 2 and 4 weeks after the switch.
    The journey of a thousand miles begins with one step.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
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    jblakeborough wrote: »
    I've also applied before the deadline but was wondering how soon they pay? I don't intend to keep the account for long and wish to switch to another, how soon did anyone else do this?

    They say that they will pay within 50 days.

    Of course, if you did stick around then in 12 months time you would get another £50 from them, and have had access to the 5% regular saver for the duration. Are these of no interest to you?
  • tudorfan22
    tudorfan22 Posts: 436 Forumite
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    think I have my answer:
    4. We will make the Initial Offer Payment described at clause 5, and provide access to a 0% interest overdraft on your Eligible account as described at clause 7, if you comply with all the following requirements, namely:
    a. you apply for an Eligible Account between 29 December 2017 and 25 March 2018 (inclusive), and such account is subsequently opened
    so I think ill be ok as I APPLIED on 25 March


    thanks all!
    )

    :beer:
  • pinklady21
    pinklady21 Posts: 870 Forumite
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    Just to confirm, what was the cut off date for applying to receive the switch incentive? I applied on 24th March 2018 - a/c was accepted, so should I receive the incentive?
  • pinklady21
    pinklady21 Posts: 870 Forumite
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    OK - just called HSBC who confirmed that accounts applied for and opened before the 25th March will be eligible for the switching incentive of £150 provided the a/c conditions are met.
    (2 direct debits set up and £1750 being paid in each month.)
    I applied on 24th March, so should receive the incentive payment. Happy days!
  • clivep
    clivep Posts: 577 Forumite
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    pinklady21 wrote: »
    OK - just called HSBC who confirmed that accounts applied for and opened before the 25th March will be eligible for the switching incentive of £150 provided the a/c conditions are met.
    (2 direct debits set up and £1750 being paid in each month.)
    I applied on 24th March, so should receive the incentive payment. Happy days!

    I trust you mean the direct debits were set up on the donor a/c and transferred during the switch rather than set up on the HSBC a/c.
  • Mee
    Mee Posts: 1,441 Forumite
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    edited 10 April 2018 at 1:18PM
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    I was really impressed with their prompt bonus payment Switch 31/1/18; DDs and deposit before 7/2; bonus 12/2)
    Will be staying around for the extra £50 as with the regular saver, and coin deposit service.
    Free thinker.:cool:
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