8 February 2021

HSBC UK £125 current account switching offer returns

A cash offer of £125 to new1 customers who switch to an Advance or Premier current account, comes into effect on the 8th February.

Those customers who switch to HSBC UK could enjoy benefits including:

  • £125 when they switch to an HSBC Advance or Premier Bank Account, using the 7 day Current Account Switch Service;
  • Significant savings on shopping through HSBC UK’s ‘Home And Away’ offers2 site, with new offers recently added including Costa Coffee, ASOS, and Not On The High Street; and
  • £40 cashback, ROCKit S wireless ear buds worth £90, or a night away if they take out ‘Pick and Mix’ insurance through our innovative Select And Cover insurance3.

Fiona Anderson, HSBC UK’s Head of Everyday Banking, said: “For many millions of people, 2020 was a defining year, whether as result of home schooling, changes to working patterns or financially. We have already seen that 2021 will be unpredictable too, but there is light at the end of the tunnel and we all hope we can return to some kind of normality sooner rather than later.

“We know that health and money are the two most common subjects people have been thinking about during the pandemic and while we are in the midst of this lockdown, we might be able to provide a little financial boost for those switching your banking to us, with £125 on offer for switching to our Advance or Premier current accounts.

“There are plenty of additional benefits through HSBC UK that can save customers money, whether it’s by using our handy financial fitness tool and supporting guides to assess and improve your financial health, enabling people to save while they spend with our Home and Away offers, as well as a free gift or cashback when taking out insurance with our innovative Select And Cover insurance. All in all, you could earn or save yourself hundreds of pounds, which could come in really handy at this challenging time.”

Media enquiries to:

Steve Gracey, HSBC UK Media Relations – steve.gracey@hsbc.com / 020 7991 4118

Email: UKPressOffice@hsbc.co.uk

Note to editors:

1’New to bank customers’ must not be an HSBC current account holder on the date of application and have not been on or after 1 January 2018. Where an eligible current account is a joint account, at least one of the joint account holders must complete the switch from either a sole account in their own name or another joint account in the same names.

This offer isn’t available to customers who have opened a first direct or M&S Bank account since 1 January 2018 and customers must use the Current Account Switch Service to complete a full switch within 30 days of account opening with a minimum of 2 Direct Debits / Standing Orders. Offer may be withdrawn at anytime. T&Cs apply.

Conditions for an HSBC UK Advance Account include qualifying for a minimum £1,000 arranged overdraft, paying at least £1,750 a month into the account each month, or a minimum of £10,500 every 6 months. This does not include money transferred from any other sole or joint personal accounts held with HSBC UK Bank.

Conditions for an HSBC UK Premier Account include having an individual annual income of at least £75,000 and one of the following with HSBC UK: a mortgage, an investment, life insurance or a protection product; or within 6 months, having savings and/or investments of at least £50,000 with HSBC UK.

2 Due to the impact of Covid-19 and the local restrictions that may be currently in place, customers may not be able to take immediate advantage of some of the free-to-use Home & Away offers, or may not be able to use them before their stated expiry date.

3 Select and Cover Insurance offer is only available to HSBC UK customers who are registered for online banking and must be purchased for a minimum of 30 days to qualify. Select and Cover offer ends on 5th March 2021.

HSBC UK serves around 14.5 million customers across the UK, supported by 32,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.

HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,956bn at 30 September 2020, HSBC is one of the world’s largest banking and financial services organisations.