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  • FIRST POST
    • patch9495
    • By patch9495 28th Feb 19, 7:36 AM
    • 54Posts
    • 3Thanks
    patch9495
    HSBC Current Account Switch
    • #1
    • 28th Feb 19, 7:36 AM
    HSBC Current Account Switch 28th Feb 19 at 7:36 AM
    Good Morning All,


    I am looking at switching my current account to HSBC for the 175 bonus.


    I have recently taken out a mortgage with HSBC and although I do not have any current account tih them have been advised by the staff in the branch that I will not be eligible for the 175 bonus.


    Is this correct as the MSE site states the switching bonus is eligible for "Anyone who's not had an HSBC current account since 1 Jan 2016 and meets switching criteria"


    Thanks in advance
Page 1
    • Gary_Dexter
    • By Gary_Dexter 28th Feb 19, 8:16 AM
    • 4,139 Posts
    • 2,612 Thanks
    Gary_Dexter
    • #2
    • 28th Feb 19, 8:16 AM
    • #2
    • 28th Feb 19, 8:16 AM
    I know it states "current account" but I think it is actually any HSBC product.

    It's the same with First Direct - I had a home insurance policy with them a year or 2 ago and they said because of this I am not eligible for the switching bonus they offer either
    • aj23
    • By aj23 28th Feb 19, 8:58 AM
    • 1,112 Posts
    • 351 Thanks
    aj23
    • #3
    • 28th Feb 19, 8:58 AM
    • #3
    • 28th Feb 19, 8:58 AM
    I had an HSBC Current Account which I'd for years and years and it went dormat. I close it with the 3 or whatever in it in June 2017. I completely forgot I'd had it when did a switch for the 75 last month, so I won't get it. Being refered to Nationwide instead and use RS will be better off anyway.
    • patch9495
    • By patch9495 28th Feb 19, 10:39 AM
    • 54 Posts
    • 3 Thanks
    patch9495
    • #4
    • 28th Feb 19, 10:39 AM
    • #4
    • 28th Feb 19, 10:39 AM
    In that case then I feel my best bet to switch will be to the First Direct account (Already have an RBS account).


    I know they share the same FSC protection as HSBC but will I still be eligible for the bonus with a HSBC mortgage?
    • Gary_Dexter
    • By Gary_Dexter 28th Feb 19, 10:47 AM
    • 4,139 Posts
    • 2,612 Thanks
    Gary_Dexter
    • #5
    • 28th Feb 19, 10:47 AM
    • #5
    • 28th Feb 19, 10:47 AM
    You should be OK - but best to ask before making the application
    • ste_coxy
    • By ste_coxy 3rd Mar 19, 1:01 PM
    • 408 Posts
    • 92 Thanks
    ste_coxy
    • #6
    • 3rd Mar 19, 1:01 PM
    • #6
    • 3rd Mar 19, 1:01 PM
    So if I tried to transfer my First Direct account I wouldn't qualify for the bonus?
    • ceredigion
    • By ceredigion 3rd Mar 19, 2:12 PM
    • 3,268 Posts
    • 4,564 Thanks
    ceredigion
    • #7
    • 3rd Mar 19, 2:12 PM
    • #7
    • 3rd Mar 19, 2:12 PM
    So if I tried to transfer my First Direct account I wouldn't qualify for the bonus?
    Originally posted by ste_coxy
    https://forums.moneysavingexpert.com/showthread.php?t=5971277
    #5
    and the T&C, as it Sunday
    https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/TandCs-for-Advance-Bank-Account-Switch-Offer.pdf
    Last edited by ceredigion; 03-03-2019 at 2:15 PM.
    • tomthered
    • By tomthered 4th Mar 19, 9:55 PM
    • 233 Posts
    • 60 Thanks
    tomthered
    • #8
    • 4th Mar 19, 9:55 PM
    • #8
    • 4th Mar 19, 9:55 PM
    Quick question guys, I just want to check:

    I have a Nat West account which I intend to transfer. Have just set up 2 direct debits to go out within 3 to 5 days. The way I read it is i have to get an account first and then, within 30 days of opening the account, use the Switching service and then I will get the 175 bonus within 28 days.

    Is that right?
    • Mjc 100
    • By Mjc 100 15th Apr 19, 7:42 PM
    • 1 Posts
    • 0 Thanks
    Mjc 100
    • #9
    • 15th Apr 19, 7:42 PM
    HSBC switch
    • #9
    • 15th Apr 19, 7:42 PM
    I have completed a switch to HSBC and received the switching reward of 175 into the account .
    Does anyone know if you have to run the account for a minimum period of time before I can switch again or can I now switch away from HSBC now that everything has completed.
    • badger09
    • By badger09 16th Apr 19, 3:06 PM
    • 6,830 Posts
    • 6,414 Thanks
    badger09
    I have completed a switch to HSBC and received the switching reward of 175 into the account .
    Does anyone know if you have to run the account for a minimum period of time before I can switch again or can I now switch away from HSBC now that everything has completed.
    Originally posted by Mjc 100
    Unless there is something in the switch incentive T&Cs specifying a minimum period, or clawback of the switch incentive, then you can switch whenever you want.

    Do you not want to make use of the 5% regular saver?
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