HSBC UK has launched a significant new cashback offer, providing a potential windfall of £750 for affluent new customers who consolidate their banking with the lender.
How to Secure the £750 Cashback Bonus
The promotion, dubbed "bring more, get more", is designed to attract high-net-worth individuals to its HSBC Premier service. To qualify for the full £750, prospective clients must meet two distinct financial criteria.
Firstly, they must switch their main salary – a minimum of £100,000 per year – into a new Premier account using the Current Account Switch Service (CASS). This action alone triggers a £250 cash reward.
Secondly, they need to transfer £100,000 or more in savings or investments to HSBC. Successfully moving this sum unlocks a further £500 bonus. Both steps must be linked to a new Premier account opened between January 5 and February 23, 2026.
Key Deadlines and Premier Account Perks
The bank has set a final deadline of April 30, 2026 for completing all the qualifying actions. Once verified, the total cashback will be paid directly into the customer's Premier account within 70 days.
Carl Watchorn, Head of Premier Proposition at HSBC UK, stated the offer aims to reward clients who choose to bring their finances together with the bank. Premier account holders also gain access to a suite of premium benefits, which include:
- Comprehensive travel insurance
- Health and wellness perks
- Preferential rates on foreign exchange and international payments
It is crucial to note that the £100,000 savings or investment balance must be maintained for a minimum of three months to remain eligible for the full incentive. This latest move highlights the competitive landscape for high-value retail banking clients in the UK, with institutions vying to attract and retain customers with substantial deposits and income.
