£220 when you switch to HSBC


Updated: January 5, 2025
Ian Lewis

Written By

Ian Lewis

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£220 when you switch to HSBC

£220 cash when you switch to HSBC

Switch to an HSBC UK Advance or Premier current account from an existing account using the Current Account Switching Service and you'll get £100 cash paid into your account after opening and meeting their criteria.  If you continue to meet their monthly criteria, including making a monthly deposit of at least £50 into their Online Bonus Saver, you can receive a further £120 over the next 12 months as part of the offer.

Note that there are a number of requirements that can easily get lost if you don't track them, so be sure to read the details of this offer on HSBC's site.

How do I get the deal?

All you need to do is apply on the HSBC website for an Advance or Premier account, and then use the Current Account Switching Service to switch an existing account within 30 days.

Within 60 days, you will need to do the following:

  • Deposit at least £1,500 into the account over one or more payments (this can be your mandated salary).
  • Make a minimum of 20 transactions using your HSBC debit card.
  • Register and log on to mobile banking.
  • Open an Online Bonus Saver and deposit at least £50.

If you complete all the above steps, you will receive £100 paid into your current account within 30 days.

When does the deal end?

HSBC haven't announced an end date but they have stated that the offer could be withdrawn at any time.

Mentioned Banks

About HSBC Bank HSBC is a British banking and financial services company. It is the largest bank in Europe and the seventh largest bank in the world. The bank originated in Hong Kong...
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