HSBC UK has announced a new switching offer, providing a £220 incentive to new customers who open a current account through the HSBC UK app. The offer, which launched on Monday, June 15, is available to those who meet the eligibility requirements.
How to Qualify for the £220 Bonus
Customers can expect to receive the bonus within 60 days of fulfilling the conditions. To qualify, applicants must complete a full switch using the Current Account Switch Service (CASS), moving their everyday banking including at least two direct debits. They must also pay in a minimum of £2,000 into their account and spend £500 using a debit card linked to the account.
Additional Account Benefits
Alongside the cash incentive, account holders gain access to the Global Money account, which allows conversion, spending, and transfer of multiple currencies. Customers also enjoy offers and discounts on shopping, dining, and travel.
Statement from HSBC UK
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 Account Offer Still Available
Separately, HSBC UK continues to offer a £500 welcome bonus for customers who qualify for the HSBC UK Premier Bank Account. To be eligible, customers must deposit an annual personal salary of £100,000 or more, or open a Premier account and maintain £100,000 or more in savings and investments with HSBC UK, and switch via CASS.
