Unfortunately, this deal is no longer valid
HSBC Free £75 offer for switching. Alternative to Advance Account Offer.
214° Expired

HSBC Free £75 offer for switching. Alternative to Advance Account Offer.

15
Posted 10th Sep 2018

This deal is expired. Here are some options that might interest you:

An alternative to the HSBC Advance account offer if you cant match the £1750/mth pay in.

Open and switch to HSBC's Bank Account and you'll get £75. You'll need to pay in £500/mth so consider whether you'll be able to meet this before opting for it. You'll also be eligible to get HSBC's 3% regular savings account.

Need-to-knows
  • To get the bonus, start a full switch using HSBC's official switching service, including at least two direct debits or standing orders, within 30 calendar days of opening the account.
  • The bonus is paid into your account within 30 calendar days of the switch completing.
  • You can't get the bonus if switching from another HSBC account, or if you've had a current account with it since 1 Jan 2015. You can get it if you have a mortgage or savings account with HSBC – just apply online as normal.
  • You'll need to pay in a minimum of £500 per month, or £3000 over 6 months, to be eligible. It'll be paid within 30 calendar days of your first anniversary of account opening.
  • HSBC shares its £85,000 UK savings safety guarantee with First Direct, so ensure you don't hold more than £85,000 across the two banks.

Direct link:
hsbc.co.uk/cur…nt/

Link to £200 Advance account offer:
hotukdeals.com/dea…335
Community Updates
If you click through or buy, retailers may pay hotukdeals some money, but this never affects which deals get posted. Find more info in our FAQs and About Us page.

Groups

15 Comments
Almost everyone can pay in £1750. Assuming you get any kind of salary you can set up a standing order to send that money to another account and back again multiple times.

Just bear that in mind before you give up £125
Chrisrules33411/09/2018 07:10

Almost everyone can pay in £1750. Assuming you get any kind of salary you …Almost everyone can pay in £1750. Assuming you get any kind of salary you can set up a standing order to send that money to another account and back again multiple times.Just bear that in mind before you give up £125


That won't work with HSBC advance. Unfortunately, when you apply, they ask for your salary and if the take home isn't above £1750, they won't let you have it. Unless anyone else has managed to do it then I will stand corrected?
Cunningstunt111/09/2018 07:59

That won't work with HSBC advance. Unfortunately, when you apply, they ask …That won't work with HSBC advance. Unfortunately, when you apply, they ask for your salary and if the take home isn't above £1750, they won't let you have it. Unless anyone else has managed to do it then I will stand corrected?


I'll take a look when my missus applies later. Will try find a way around it.
I have a first direct account , so will I still be able to apply for this with an account coming from Natwest ?
Chrisrules3341 h, 13 m ago

I'll take a look when my missus applies later. Will try find a way around …I'll take a look when my missus applies later. Will try find a way around it.


If u do find away let us know pls cause I'd be interested about trying the other offer with 150 bonus but don't pick up 1750 a month but still woun
If you are happy with the appalling customer service from the big banks then go for it. But if you would rather be treated as a customer than a nuisance then I would suggest looking elsewhere to one of the newer banks like Monzo or Metro.
Worth avoiding hsbc if you have a conscience about weapons as they invest in companies involved in making cluster bombs.
Cunningstunt111/09/2018 07:59

That won't work with HSBC advance. Unfortunately, when you apply, they ask …That won't work with HSBC advance. Unfortunately, when you apply, they ask for your salary and if the take home isn't above £1750, they won't let you have it. Unless anyone else has managed to do it then I will stand corrected?


I think that is true unfortunately. I have current accounts with almost every major bank and I need HSBC to complete the set

I am adept at moving money around between accounts, so paying in £1,750 a month wouldn't be an issue. However HSBC reject me every time I apply and I can only assume it is down to income
fabsaver5 m ago

I think that is true unfortunately. I have current accounts with almost …I think that is true unfortunately. I have current accounts with almost every major bank and I need HSBC to complete the set I am adept at moving money around between accounts, so paying in £1,750 a month wouldn't be an issue. However HSBC reject me every time I apply and I can only assume it is down to income


Same kind of thing here. Myself and my partner have done all the switching offers but i was able to do HSBC whereas she wasn't, only reason i could think for this was that her income didn't meet the threshold for this account. Could be wrong but no other bank has ever rejected her applications
Only clicked on this to see the comments about the OPs picture. Looks like he's giving her one.

Just me with the dirty mind then
Cunningstunt111/09/2018 07:59

That won't work with HSBC advance. Unfortunately, when you apply, they ask …That won't work with HSBC advance. Unfortunately, when you apply, they ask for your salary and if the take home isn't above £1750, they won't let you have it. Unless anyone else has managed to do it then I will stand corrected?


Stretch the truth? Once you've got the £150 bonus you can always switch somewhere else again....
Edited by: "JPS" 11th Sep 2018
JPS38 m ago

Stretch the truth? Once you've got the £150 bonus you can …Stretch the truth? Once you've got the £150 bonus you can always switch somewhere else again....


Need to be careful about ending up with a fraud marker on your record. No switching bonus is worth that. Banks can and do share and verify information on applications.

I think HSBC are being quite short sighted and behind the times in their policies, particularly with the older generation. No longer do people have gold plated final salary pensions. They can draw whatever income they want from their pension pots, so effectively their income is whatever they want it to be. If someone is prudent and draws only a small income, leaving the rest to grow for the future they are effectively excluded from offers like this
Could you transfer in £500 in at beginning of month and then transfer out that amount the next day and repeat this process for 4 weeks?
would that count as you transferring in the allocated amount or are you not allowed to withdraw the £1750 till the end of the year?
Going_Digital11th Sep

If you are happy with the appalling customer service from the big banks …If you are happy with the appalling customer service from the big banks then go for it. But if you would rather be treated as a customer than a nuisance then I would suggest looking elsewhere to one of the newer banks like Monzo or Metro.


There a very few good financial reasons to go with these banks. Not going to deny they are far better with their customers, but people are here to make their money go further
Tmu5411th Sep

Could you transfer in £500 in at beginning of month and then transfer out …Could you transfer in £500 in at beginning of month and then transfer out that amount the next day and repeat this process for 4 weeks?would that count as you transferring in the allocated amount or are you not allowed to withdraw the £1750 till the end of the year?


It's a current account so they can't force you to keep you money in there!

Yes that would work and the transfers could go in and out on the same day if you like.

The hurdle is getting HSBC to accept you for the account if you don't have the required income.
Post a comment
Avatar
@
    Text