HSBC has launched a deal worth up to £790 for new customers who switch to the banking giant. The lender announced on Tuesday (July 28) that the welcome package is on offer to eligible newbies who move their savings and investments to the bank or do their everyday banking with HSBC.
The enhanced Premier offer unlocks access to travel, lifestyle and wealth benefits, according to HSBC. The deal follows a previous £500 Premier welcome reward for customers opening an HSBC Premier account.
Eligibility and Conditions
While the offer is available to new customers who complete a full Current Account Switch Service, there is a catch. Those new customers must switch and pay in an annual salary of at least £100,000, or deposit and maintain £100,000 or more in savings and investments with HSBC UK.
Carl Watchorn, Head of Premier Proposition at HSBC UK, said: “This enhanced welcome offer rewards customers who choose to bring more of their financial world to HSBC, while introducing them to everything our Premier proposition has to offer.” He added that Premier customers want a banking relationship that works harder for them, whether managing day-to-day finances, growing wealth or making the most of travel and lifestyle benefits.
Additional Cashback with Credit Card
HSBC’s deal also allows customers who successfully apply for an HSBC Premier World Elite Mastercard to receive a further £290 cashback. This effectively offsets the card’s annual fee in the first year and brings the total value of the welcome package to up to £790.
The card offers travel benefits, including fast-track security at airports and access to complimentary lounges.
Digital and Flexible Appointments
HSBC is also offering digital appointments where customers can book, amend or cancel reviews in the bank’s app. Customers will be offered a choice of meeting in person, on Zoom or speaking to the bank by phone.
In a statement, the lender said: “The enhanced proposition reflects HSBC UK’s continued investment in its Premier offering, combining premium banking, wealth expertise and travel benefits to help customers get more from their banking.”
