HSBC UK has unveiled a significant new cashback incentive aimed at attracting high-value customers to its Premier banking service. The bank is offering up to £750 to new clients who consolidate their finances with HSBC.
The 'Bring More, Get More' Offer Details
The promotion, which HSBC has labelled a 'bring more, get more' offer, provides tiered rewards. New customers can earn £250 for switching a main monthly salary equivalent to £100,000 or more per year into a new HSBC Premier account.
A further £500 is available for transferring £100,000 or more in savings or investments to the bank. Those who complete both actions are eligible for the full £750 cashback sum.
Key Dates and Eligibility Criteria
To qualify, customers must open a Premier account between 5 January and 23 February 2026. Eligibility requires completing a full current account switch using the Current Account Switch Service (CASS).
The salary must be paid directly from an employer, and any savings or investments of £100,000 or more must be transferred to HSBC and maintained for a minimum of three months. All qualifying actions must be completed by 30 April 2026.
HSBC has stated that once all criteria are met, the cashback will be paid directly into the customer's Premier account within 70 days.
Premier Account Perks and Bank Commentary
Carl Watchorn, head of Premier proposition at HSBC UK, commented on the launch: "This offer is our way of rewarding new customers who choose to bring their finances together with us."
Beyond the switching incentive, HSBC Premier account holders gain access to a suite of benefits. These typically include comprehensive travel insurance, health and wellness benefits, and preferential rates on foreign exchange and international payments.
The move represents a competitive play in the UK's retail banking sector, where incentives for affluent customers remain a key battleground.
