The bank is introducing an exclusive current account switch offer worth £175, for those who apply through the MoneySuperMarket or MoneySavingExpert websites. This offer is available alongside 6 months’ cashback on HSBC UK’s innovative ‘mix and match’ insurance offer, Select and Cover worth £117.
The current account switch offer is available until 29th April 2022. The Select and Cover cashback offer is available until 5th July 2022.
Tom Wolfenden, HSBC UK’s Head of Retail, said: “Our popular switching offer has returned, and for a limited time, exclusively for those applying through MoneySuperMarket and MoneySavingExpert, customers who are switching their current account to us will receive £175 in cash. With a potential additional £117 cashback when taking out Select and Cover insurance, customers can be almost £300 better off by switching to HSBC UK.
“With the cost of living seemingly increasing by the week, the cash benefits of these offers could be very welcome. With the cost of Select and Cover insurance comparing favourably against standalone policies, ongoing savings can be made on important insurance like mobile phone, car breakdown or worldwide travel insurance, potentially saving over £635 for equivalent or better cover”.
Select and Cover is a pay monthly service and customers can cancel at any time without penalty. Each policy covers the policy holder, their spouse, domestic or civil partner and their children.
Note to editors:
Three Options: £19.50 a month (£234 a year)
Four Options: £26.00 a month (£312 a year)
Five Options: £32.50 a month (£390 a year)
Six Options: £39.00 a month (£468 a year)
Seven Options: £45.50 a month (£546 a year)
One example of savings that can be made with Select And Cover vs purchasing individual policies:
|Policy||HSBC Select And Cover including Travel, Mobile and Motor Breakdown||Post Office – Premier Cover Travel Insurance||Mobile - Protect Your Bubble (3 gadgets inc loss)||Motor Breakdown – AA Family breakdown cover|
|Saving per year||(£364.37 + £245.88 + £259) £869.25 - £234 = £635.25 saving|
Mobile Phone: Cover at a glance:
Gadget: Cover at a glance:
Worldwide Travel: Cover at a glance:
Motor Breakdown: Cover at a glance:
Home Emergency: Cover at a glance:
Starter Life: Cover at a glance:
About HSBC UK
HSBC UK serves over 14.75 million customers across the UK, supported by 24,000 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 the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, the Middle East and North Africa. With assets of US$2,958 billion at 31 December 2021, HSBC is one of the world’s largest banking and financial services organisations.