HSBC UK introduce £220 current account switch incentive

HSBC UK is offering a £220 bonus to new customers opening a current account.

Launching today (Monday 15th June) the switching incentive is available to those opening an HSBC UK Bank Account via the HSBC UK app, subject to meeting the eligibility criteria.

Customers can expect to receive the bonus within 60 days of meeting the requirements.

In addition to the £220 bonus, account perks include access to products like the Global Money account, enabling customers to convert, spend and send multiple currencies from around the world.

Customers will also benefit from exclusive offers and discounts on shopping, dining, and travel.

To receive the £220 switching offer, customers must meet the below criteria within 60 days of opening their account:

• Complete a full switch using the Current Account Switch Service (CASS) to transfer their everyday banking, including at least two direct debits.
• Deposit a minimum of £2,000 into their account.
• Spend £500 using a debit card linked to the account.

Tara Bedelian, Head of Current Accounts at HSBC UK, said:

“With our new £220 incentive, there are more reasons than ever for customers to switch to HSBC UK.

“The account has a number of customer-only benefits, including access to Global Money, our multi-currency account offering our best exchange rates.

“Once new customers have switched their everyday banking to us and met the offer criteria, the bonus will be paid within 60 days.”

Separate to the new £220 switching offer, customers qualifying for the HSBC UK Premier Bank Account can still receive a £500 welcome bonus when they switch using CASS and meet the account eligibility criteria¹.

Customers can qualify for the reward by paying in an annual personal salary of £100,000 or more, or by opening a Premier account and maintaining £100,000 or more in savings and investments with HSBC UK.

Media enquiries to:
Robert Cox, Media Relations, HSBC UK, robert.cox@hsbc.comv