Get £200 when you switch and stay with HSBC Advance Current Account
482°

Get £200 when you switch and stay with HSBC Advance Current Account

73
Expires on 26/11/2017Found 13th SepMade hot 13th Sep
2788477.jpg
Get £200 when you switch and stay with HSBC Advance Current Account

New customers who open an HSBC Advance Bank Account will get £150 when using the Current Account Switch Service

Get an extra £50 after 12 months, just for staying with us*

Plus get a 6 month interest and fee free overdraft

To be eligible for HSBC Advance customers will need to pay in a minimum of £1,750 per month

No monthly account fee
24/7 customer service
£500 daily ATM cash withdrawals
Contactless debit card (subject to status)
5% AER/Gross with our Regular Saver*1
£250 off booking fees on our Standard mortgage range*2
Your home may be repossessed if you do not keep up repayments on your mortgage.
A minimum overdraft offer of £1000 at account opening*3
Access to HSBC Share the Experience Programme.

10% interest cashback on loans*4Representative

3.3% APR for loans between £7k‑15k over 1-5 years
Preferential Overdraft Interest

Rate*5*6
Representative Example: 17.9% EAREAR is Effective Annual Rate. This takes account of the interest rate and how often interest is charged, and does not include any other fees or charges

Worldwide ATM cash withdrawals without HSBC non-sterling cash fees*7
(A non-sterling transaction fee of 2.75% still applies)Additional features

2788477.jpg
Source: MSE
Edited by: "itsvimal"

Some comments where i posted the deal before in aug. Might help a few people out

hotukdeals.com/dea…e=2

You must pay at least £1,750 into your account each month (or a minimum of £10,500 every six months) not including money transferred from any other sole or joint personal accounts(s) you hold with HSBC Bank."
Top comments

rooney1023 m ago

Dont quite see your point with this..... anyone with a few hundred quid or …Dont quite see your point with this..... anyone with a few hundred quid or so to spare could easily take advantage of this


Not everyone has a "few hundred quid" to spare hence the "Not for everyone" comment. Not that hard to understand.

"You must pay at least £1,750 into your account each month (or a minimum of £10,500 every six months) not including money transferred from any other sole or joint personal accounts(s) you hold with HSBC Bank."


So clearly not for everyone
73 Comments

MSE mail
31966829-C84a4.jpg

Switch to the bank that hardly has any banks?

CASS cannot be completed online , you will need to visit branch or telephone on the dedicated number to perform the switch once the account has been opened and within 30 days to qualify for the offer so just a heads up

nick14077310 m ago

Switch to the bank that hardly has any banks?



For FREE money ? Hell Yes !

I have been an Advance account holder for some years and I have to say that it is a decent bank account. Customer service is great and there are also rewards available.

Doesn't say if someone who's done it before is not eligible or does it

I switched a few months ago with no incentive and now they offer this.

"You must pay at least £1,750 into your account each month (or a minimum of £10,500 every six months) not including money transferred from any other sole or joint personal accounts(s) you hold with HSBC Bank."


So clearly not for everyone

HankHandsome5 m ago

"You must pay at least £1,750 into your account each month (or a minimum …"You must pay at least £1,750 into your account each month (or a minimum of £10,500 every six months) not including money transferred from any other sole or joint personal accounts(s) you hold with HSBC Bank."So clearly not for everyone



Dont quite see your point with this..... anyone with a few hundred quid or so to spare could easily take advantage of this
Edited by: "rooney10" 13th Sep

The reality appears to be, you need to invest with them £21,000 over the year, to receive in effect an interest rate of about 2%.

HSBC advance accounts also entitle you to preferential rates on saving accounts and the loyalty ISA whereupon you deposit £300 and they'll pay £10 a month into your ISA for 12 months.

Not to mention the Advance debit card redesign just looks really cool

rooney1023 m ago

Dont quite see your point with this..... anyone with a few hundred quid or …Dont quite see your point with this..... anyone with a few hundred quid or so to spare could easily take advantage of this


Not everyone has a "few hundred quid" to spare hence the "Not for everyone" comment. Not that hard to understand.

coathanger21 m ago

The reality appears to be, you need to invest with them £21,000 over the …The reality appears to be, you need to invest with them £21,000 over the year, to receive in effect an interest rate of about 2%.



I just switched if over so that it became my every day bank account. It is not rocket science really.

HankHandsome23 m ago

Not everyone has a "few hundred quid" to spare hence the "Not for …Not everyone has a "few hundred quid" to spare hence the "Not for everyone" comment. Not that hard to understand.



I understand that . You could make the same point though for just about every deal that appears on HUKD that involves spending money. Some people haven't got £5 to spare either , where does this end ?
Its a pointless observation really.
Edited by: "rooney10" 13th Sep

rooney1021 m ago

I understand that . You could make the same point though for just about …I understand that . You could make the same point though for just about every deal that appears on HUKD that involves spending money. Some people haven't got £5 to spare either , where does this end ? Its a pointless observation really.


equally as pointless as pulling me up on it don't you think ?

considering the OP didn't originally state the minimum payment requirements for the account, i'd wager it wasn't that pointless.
Edited by: "HankHandsome" 13th Sep

I did this in 2016, had £150 up front and will get £50 at the end of this year. Free money as has been said in the comments above. However, If i could get the deal again I would NOT go for it. I spent 3 hours in the bank switching one account. when i pay in cheques (that Has to be done weekly) I have to faff about writing paying in slip, when I was with other banks I just needed to give them my card and the cheque. The online banking is a massive pain having several codes and passwords that has to be inputted each time I log in (other banks such as Santander, TSB, first direct and lloyds are so much easier to use and log on). Personally I can't wait to switch away from HSBC and will never go back again.

Beat me to it! Yeah you have to start the cass online or in branch. Just paid my £150 for the one in aug. Worth it but min £1750 pay in. However this doesn't need to be your wages it just a requirement so could have £1500 plus direct debit from savings for £250 then another debit putting the same anount plus more into savings!

Pleased with the servive and security is top notch. Even if you get into my account you need to generate a number with either a dongle or your phone so no one could transfer money anyways

coathanger6 h, 10 m ago

The reality appears to be, you need to invest with them £21,000 over the …The reality appears to be, you need to invest with them £21,000 over the year, to receive in effect an interest rate of about 2%.


wrong. once you deposit the £1750 you can withdraw it back to wherever you want. I don't see a minimum balance requirement here...

Any deals if you already have HSBC advance account ?

HankHandsome6 h, 32 m ago

"You must pay at least £1,750 into your account each month (or a minimum …"You must pay at least £1,750 into your account each month (or a minimum of £10,500 every six months) not including money transferred from any other sole or joint personal accounts(s) you hold with HSBC Bank."So clearly not for everyone


I was just wondering if you could transfer via standing order from another bank account to fulfill that rule but I think you've answered my question now!

Will this work for joint accounts. I was looking to get one however seems like we'd be better off switching two of our accounts across.

Pateo11 m ago

I was just wondering if you could transfer via standing order from another …I was just wondering if you could transfer via standing order from another bank account to fulfill that rule but I think you've answered my question now!


Yes

rooney107 h, 5 m ago

Dont quite see your point with this..... anyone with a few hundred quid or …Dont quite see your point with this..... anyone with a few hundred quid or so to spare could easily take advantage of this


Bizarre comment!

In what way does 'a few hundred quid or so' equate to £1750?

I'm abit confused, hopefully someone could help with answering some of the following questions:

1) I have three current account with same bank (Barclays), 2 of which I use and last one created solely for this purpose. How do I switch just the third account?

2) Can this be done in branch or does it have to be online? (although it is more easier but dont want to encounter any issues like with Halifax)

3) I do have spare cash so could I literally go into the bank, put £1,750 and thats it? or do I need to do it in a certain way?

Thanks

Lousy switch service - I gave up last time I tried to do this and stayed where I am!

xPabloz37 m ago

I'm abit confused, hopefully someone could help with answering some of the …I'm abit confused, hopefully someone could help with answering some of the following questions:1) I have three current account with same bank (Barclays), 2 of which I use and last one created solely for this purpose. How do I switch just the third account?2) Can this be done in branch or does it have to be online? (although it is more easier but dont want to encounter any issues like with Halifax)3) I do have spare cash so could I literally go into the bank, put £1,750 and thats it? or do I need to do it in a certain way?Thanks


re pay in, you have to do that monthly. easiest way is to set-up a standing order, on the day you receive your salary - in, and out the next day.

chocci1 h, 43 m ago

Bizarre comment! In what way does 'a few hundred quid or so' equate to …Bizarre comment! In what way does 'a few hundred quid or so' equate to £1750?



I think he means that usually you can deposit and withdraw the same money until you've deposited £1750 in total
e.g. £300 moved in and out of the account 6 times would cover the £1750

missy899 h, 11 m ago

HSBC advance accounts also entitle you to preferential rates on saving …HSBC advance accounts also entitle you to preferential rates on saving accounts and the loyalty ISA whereupon you deposit £300 and they'll pay £10 a month into your ISA for 12 months.Not to mention the Advance debit card redesign just looks really cool


Have you got a link to this? I moved to the advance in February but have not noticed this offer.

The account you switch from .... "with at least 2 Direct debits/Standing Orders" - doesn't seem to be mentioned yet. Standing order is odd because this could include just you sending money between your accounts

xPabloz2 h, 36 m ago

I'm abit confused, hopefully someone could help with answering some of the …I'm abit confused, hopefully someone could help with answering some of the following questions:1) I have three current account with same bank (Barclays), 2 of which I use and last one created solely for this purpose. How do I switch just the third account?2) Can this be done in branch or does it have to be online? (although it is more easier but dont want to encounter any issues like with Halifax)3) I do have spare cash so could I literally go into the bank, put £1,750 and thats it? or do I need to do it in a certain way?Thanks

Can do online they'll manage the account switch and DD switch. You just need to make sure its paid out before. I'm not sure if you have a penalty if you don't do it each month. Easy way to do it though is just transfer 1750 in on the 1st day of the month... Standing order it out on the 2nd... HSBC are quite strict though. I earn 30k a year and they wouldn't sign me up to one of these...! Joke as I have decent amount of savings too

A good deal as £200 (eventually) is a decent amount, but having completed and received the switching incentives for all the banks that have made one available, HSBC's is by FAR the worst account opening experience. I think it took well over a month before I was in a position to use the account. I wouldn't be switching my "main" account for this, if you catch my drift.

missy8910 h, 6 m ago

HSBC advance accounts also entitle you to preferential rates on saving …HSBC advance accounts also entitle you to preferential rates on saving accounts and the loyalty ISA whereupon you deposit £300 and they'll pay £10 a month into your ISA for 12 months.Not to mention the Advance debit card redesign just looks really cool

Think the bonus £10 deal is dead

Seems the process takes a while. Is there any other bank accounts offer anywhere near this amount for switching?

First Direct will give you £100 and, as a bank, they will be far, far superior. If you're thinking about changing for a real reason (rather than just to grab the cash), I'd prefer £100 with FD than £200 with HSBC, even though they are, technically, the same bank...

daern24 m ago

First Direct will give you £100 and, as a bank, they will be far, far …First Direct will give you £100 and, as a bank, they will be far, far superior. If you're thinking about changing for a real reason (rather than just to grab the cash), I'd prefer £100 with FD than £200 with HSBC, even though they are, technically, the same bank...

I've opened both in the last year, and just closed my First Direct account a couple of weeks ago. They are pretty much identical - HSBC online banking is much nicer (First Direct feels like co-op/smile did 10+ years ago), app is basically the same (FD is a tiny bit faster).

People bang on about their service but apart from not having a phone menu I'm not sure I see anything to shout about.

If you ever need to go into the branch, HSBC has poor service. They refuse to let you ever see a teller or CS staff, you have to use their automated machines. Thats my local branch, i rarely ever need to go into branch but know they are useless when you actually need to speak to someone in person.

do you get the £150 straightaway and the £50 after?

Lucozade34 m ago

do you get the £150 straightaway and the £50 after?


£150 within 28 days of switching
£50 365 days after account was opened

Is the £1750 a month just to qualify for the £50 after 12 months? Would you still be able to keep the £150?

Good if they give all the info to HMRC
Post a comment
Avatar
@
    Text