Unfortunately, this deal is no longer valid
It’s back! HSBC Advance Bank Account £150 Switching Offer
645° Expired

It’s back! HSBC Advance Bank Account £150 Switching Offer

60
Posted 2nd Jan 2019

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

Pocket £150 when you choose to Advance with HSBC.Open a new Advance Bank Account and you could trouser £150 in addition to enjoying no monthly account fee and access to discounts and offers.


Simply apply for a new account – then within 30 days use the Current Account Switch Service to complete a full switch with at least 2 Direct Debits or Standing Orders.


The offer is open to new customers who meet certain eligibility criteria. T&CsT&Cs This link will open in a new window do apply.
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+ £1750 deposit a month.
To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months.
60 Comments
+ £1750 deposit a month.
To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months.
apur3202/01/2019 21:37

To be eligible for HSBC Advance, customers will need to pay in a minimum …To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months.


amazoncrazy02/01/2019 21:38


You can pay in £100 x 18 times (back and forth) if you prefer. It can just be transferred from your other bank accounts on a monthly basis. And you just have to agree to do it - and then you can shut your account after 1 month if you want (or not pay in anything).
Do they give cashback on bills?
...basically your wage!
How soon do you have to wait if you want to switch back to a bank. I think I have done them all but only m&s remains but I don’t want a voucher
Firefly102/01/2019 21:43

You can pay in £100 x 18 times (back and forth) if you prefer. It can just …You can pay in £100 x 18 times (back and forth) if you prefer. It can just be transferred from your other bank accounts on a monthly basis. And you just have to agree to do it - and then you can shut your account after 1 month if you want (or not pay in anything).


So you could do this 18 times a in a month? £100 each time and it’s fine ??

You also need 2 direct debits ?
Edited by: "wakkaday" 2nd Jan 2019
wakkaday02/01/2019 21:47

So you could do this 18 times a in a month? £100 each time and it’s fine ??


Yes (Ideally you would do e.g. £500 4 times, otherwise it would take you a while )
They will only approve your application if your salary is approximately >£1750 a month though (Otherwise, they would argue, how could you pay in £1,750 a month). However you don't actually need to pay your salary in - and, as I explained, you could just pay in £100 x 18.
Ultimately you'll get the reward after approx 1 month and then can close the account anyway.
Edited by: "Firefly1" 2nd Jan 2019
Have to have not had an account after Jan 2016, think I’m finally re-eligible
I did this last year and was asked for proof of income for meeting the minimum monthly pay in. As mentioned above you can transfer in and out and back in to meet the pay in requirements, but suspect you'd be knocked back for opening the account if you couldn't verify an income in the region of the monthly pay in. Your mileage may vary though.

Heat added though, was an easy £150 and paid within a few weeks of switching my account.
Firefly124 m ago

Yes (Ideally you would do e.g. £500 4 times, otherwise it would take you a …Yes (Ideally you would do e.g. £500 4 times, otherwise it would take you a while )They will only approve your application if your salary is approximately >£1750 a month though (Otherwise, they would argue, how could you pay in £1,750 a month). However you don't actually need to pay your salary in - and, as I explained, you could just pay in £100 x 18.Ultimately you'll get the reward after approx 1 month and then can close the account anyway.



OH and I got our rewards within a week. Easy setup and all online. Online banking setup is long winded (lots of codes/questions) but not that much work for free money.
Firefly102/01/2019 21:43

You can pay in £100 x 18 times (back and forth) if you prefer. It can just …You can pay in £100 x 18 times (back and forth) if you prefer. It can just be transferred from your other bank accounts on a monthly basis. And you just have to agree to do it - and then you can shut your account after 1 month if you want (or not pay in anything).


Maybe just spend the time on getting promoted and earning more money?
Alansmithee2 m ago

Maybe just spend the time on getting promoted and earning more money?


Why not do both?
Alansmithee11 m ago

Maybe just spend the time on getting promoted and earning more money?


I was more referencing the fact that HSBC have a terrible online interface and I certainly wouldn't make it my primary account; nevertheless I took this bonus previously by transfering the £1750 from one of my main bank accounts. You do not need to pay your salary in.
However not everyone can be promoted, and therefore in the spirit of HUKD, the same bonus can be achieved by paying in smaller amounts than a single £1,750.
Edited by: "Firefly1" 2nd Jan 2019
Why about the two direct debit guys ? Is it worth creating a startling account and transferring to this rather then your main account
wakkaday02/01/2019 22:35

Why about the two direct debit guys ? Is it worth creating a startling …Why about the two direct debit guys ? Is it worth creating a startling account and transferring to this rather then your main account


If you're planning on doing other switches after then that's what I recommend. It's much simpler to keep track of and manage if you leave you main account alone. No new card, pin, one banking, for managing your usual spending.
2 standing orders also work apparently.

So this offer doesn’t apply to existing hsbc customers with a normal current account?
Does setting up 2 standing orders payments in a month count as the 2 payments in?
LankyChris47 m ago

If you're planning on doing other switches after then that's what I …If you're planning on doing other switches after then that's what I recommend. It's much simpler to keep track of and manage if you leave you main account alone. No new card, pin, one banking, for managing your usual spending.


Will set up a starling account and try thanks
Yesgo02/01/2019 22:54

2 standing orders also work apparently. So this offer doesn’t apply to e …2 standing orders also work apparently. So this offer doesn’t apply to existing hsbc customers with a normal current account?


Fraid not. First direct and m&s account holders are eligible, as long as the account being switched isn't from one of them
Lools like they're no longer offering an additional £50 after twelve months... shame.
Shame they don't for existing Bank account members. Was thinking of upgrading to Advance.

Might switch to a different bank for a couple of years and then switch back to bag the rewards.
I did this last year and was asked for proof of income for meeting the minimum monthly pay in
AnnBright3 h, 13 m ago

I did this last year and was asked for proof of income for meeting the …I did this last year and was asked for proof of income for meeting the minimum monthly pay in


What would you need to provide if you are self employed ?
HSBC are awful. I applied for this last time. They cocked up didn't give me the account I applied for and wouldn't give me the incentive.... Shoddy customer service would never deal with again.
wakkaday10 h, 45 m ago

How soon do you have to wait if you want to switch back to a bank. I think …How soon do you have to wait if you want to switch back to a bank. I think I have done them all but only m&s remains but I don’t want a voucher


They all have different t&cs. First direct will only give you the switch reward once for example
Never switched before, is there anything stopping someone gaining these incentives without impacting credit scores? How about if done with multiple banks one after the other
Very long winded just for £150
E55k1 h, 18 m ago

Very long winded just for £150


No, just open the account and get them to switch everything from your existing account over for you. It used to be a lengthy process to dissuade you from changing banks, but it is all done for you these days.
I am seriously considering switching myself, but I am with Santander and I will have to do some sums as to whether it is worth it.
IndyS03/01/2019 08:58

Never switched before, is there anything stopping someone gaining these …Never switched before, is there anything stopping someone gaining these incentives without impacting credit scores? How about if done with multiple banks one after the other


If your credit is in good shape, then I wouldn't worry about it having much of an impact on your credit score. I've moved five times in the last three years or so and still have a score of 999 - had no problem when applying for a new credit card or new mortgage deal.

I probably wouldn't risk it if you know you will need to apply for new credit in the next few months, but otherwise, I'd just go for it. What's the point in having a good credit score if you can't benefit from it
akajay0750 m ago

If your credit is in good shape, then I wouldn't worry about it having …If your credit is in good shape, then I wouldn't worry about it having much of an impact on your credit score. I've moved five times in the last three years or so and still have a score of 999 - had no problem when applying for a new credit card or new mortgage deal.I probably wouldn't risk it if you know you will need to apply for new credit in the next few months, but otherwise, I'd just go for it. What's the point in having a good credit score if you can't benefit from it


Great thx. Think I'll give it a shot by moving money from my existing bank and back again in the first instance.
My experience of this... Veeeerry Slooow to communicate, open account, send PIN and debit card. In fact, tortuous compared to Nationwide and Halifax. Worth doing it for the cash , but take the money and run.
A gentle reminder that when it comes to meeting direct debit requirements, pick 2 charities and set up an annual direct debit of £1.
Has anyone with a first direct account successfully done this. I have been rejected from this offer before, despite technically being eligible. Not sure if they treat you as an existing customer if you are with fd.
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deleted1410297
I've never done this current account switching for free cash. Are there any problems/reprecussions associated with doing so at all?
drspa4403/01/2019 19:03

Has anyone with a first direct account successfully done this. I have been …Has anyone with a first direct account successfully done this. I have been rejected from this offer before, despite technically being eligible. Not sure if they treat you as an existing customer if you are with fd.


Did you switch from the first account? Or just have a different account that was first direct?

It definitely says you're still eligible of you hold a first direct or M&S account but only if you switch from a non-HSBC group bank

I have a first direct account and am hoping they actually keep to their own terms and conditions
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