HSBC UK has announced a new £220 bonus for customers opening a current account. The switching incentive, effective from Monday, June 15, 2026, is available to those opening an HSBC UK Bank Account via the HSBC UK app, subject to meeting eligibility criteria.
How to Get the £220 Bonus
Customers can expect to receive the bonus within 60 days of meeting the requirements. To qualify, they must complete a full switch using the Current Account Switch Service (CASS) to transfer their everyday banking, including at least two direct debits. Additionally, they must deposit a minimum of £2,000 into their account and spend £500 using a debit card linked to the account.
Additional Account Perks
Beyond the £220 bonus, account holders gain access to the Global Money account, enabling them to convert, spend, and send multiple currencies worldwide. Customers also benefit from offers and discounts on shopping, dining, and travel.
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.”
£500 Premier Offer Still Available
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 criteria. Customers can qualify 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.
