*Live later today* Just increased! HSBC Advance Account. Couldn’t change existing deal but now paying £175
364°Expired

*Live later today* Just increased! HSBC Advance Account. Couldn’t change existing deal but now paying £175

72
Posted 13th FebEdited by:"Anon32"
Pocket £150 £175 when you choose to open an Advance account with HSBC. Open an Account and you could trouser pocket £150 £175 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.

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Top comments
shug11918 m ago

God find.


agreed - its a heavenly deal
Just beware HSBC are pretty much prehistoric with their verification etc. I had to go in branch, wait 30 minutes and then sign some papers to open the account and set up online verification. They've also got ridiculously overcomplicated online logins requirements..heaven forbid you should want to quickly set up an online payment when you're out and about.

I'm pretty sure at one point the asked me to slit my palm and spit into it. Worst online bank I've used so prepare yourself for a rocky ride, but we'll worth it for the money. Enjoy.
72 Comments
Money in the pocket and no monthly fees, seems to be a decent deal 🏽
No need to wait the year even though used to be £200. Still need two direct debits though. Bear in mind hsbc are slow setting up this account. Once it’s done the switch itsekf will only take 7 days and the money will be paid when it says it will be. Hope all goes well if you switch.
I switched last month, happy so far. I opened my account on the 3rd, earliest switch date was the 17th and that went smoothly. The £150 bonus was paid into my account on the 26th.
The MSE article says it only rises to £175 via their link. I would say credit to them if the £175 works only from their website. Otherwise, the OP may have insider information and getting their information from other sources and is cleaning up?
What's monthly payments?
Surprised it states standing orders as I could set a few up on a account I no longer use and then go through the switch its usually just DDS.
This looks like a great deal and I am tempted. However, if you move to first direct you get £125 and then if you leave after 6 months but before a year, you get another £100 as they basically guarantee they are so good (backed up by reviews and number 1 rating) that you won't leave them, so £225 in total and an interest free £250 overdraft.
Good find.
Edited by: "shug119" 14th Feb
I have a mortgage, current and savings with Santander, could i transfer out the current account, keep the other 2 and then open the current account again?
shug11918 m ago

God find.


agreed - its a heavenly deal
Do you need to keep the account open for any length of time? Could I switch away it immediately after receiving the bonus?
I'm just looking to move away from HSBC after their appalling branch service. I will use Starling for my main account and only need a traditional bank for paying in coins and cheques.
Hey guys. Looking to get a mortgage soon. Do you know if changing current accounts now would affect my credit rating?
Just done this switch but for the £150... don't think they'll up it to £175 for me.

Think I've been through all of ht ebanks now, easy money and impact on your credit rating only lasts 6 months according to moneysaving expert credit club.

Don't forget, you can have several current accounts. I found the fastest ones to open are tesco ones. Then just set up standing orders & share your direct debits & switch to get the free incentives, easiest money.
theHANDSOMEone13/02/2019 09:47

Hey guys. Looking to get a mortgage soon. Do you know if changing current …Hey guys. Looking to get a mortgage soon. Do you know if changing current accounts now would affect my credit rating?


Time with your bank does affect your credit rating, along with recent hard credit searches and new overdrafts. If you are worried about your credit rating, don't look to HSBC for mortgages either as they cherry pick customers with the highest credit scores.
jonnybravo13/02/2019 08:51

This looks like a great deal and I am tempted. However, if you move to …This looks like a great deal and I am tempted. However, if you move to first direct you get £125 and then if you leave after 6 months but before a year, you get another £100 as they basically guarantee they are so good (backed up by reviews and number 1 rating) that you won't leave them, so £225 in total and an interest free £250 overdraft.


I am with first direct and have been for 15 years +, no way would i move for a few hundred quid.
The customer service is without question the best I get from any organisation, telephone banking answered by a real person in this country, who takes you through security then deals with your call. How many banks can say they give this service?
To quote HSBC here "Priceless"
richrab11 m ago

I am with first direct and have been for 15 years +, no way would i move …I am with first direct and have been for 15 years +, no way would i move for a few hundred quid.The customer service is without question the best I get from any organisation, telephone banking answered by a real person in this country, who takes you through security then deals with your call. How many banks can say they give this service?To quote HSBC here "Priceless"


Nationwide is the same, I have always found their service first class.
Just beware HSBC are pretty much prehistoric with their verification etc. I had to go in branch, wait 30 minutes and then sign some papers to open the account and set up online verification. They've also got ridiculously overcomplicated online logins requirements..heaven forbid you should want to quickly set up an online payment when you're out and about.

I'm pretty sure at one point the asked me to slit my palm and spit into it. Worst online bank I've used so prepare yourself for a rocky ride, but we'll worth it for the money. Enjoy.
Misslovely13/02/2019 11:09

Wow that's alot. Thats annually income of £20,400!


£20,400 after tax...so looking at a salary of £30k + most likely.
eechiwawa13/02/2019 08:18

I switched last month, happy so far. I opened my account on the 3rd, …I switched last month, happy so far. I opened my account on the 3rd, earliest switch date was the 17th and that went smoothly. The £150 bonus was paid into my account on the 26th.



How do you find online banking / mobile app??
neversay13/02/2019 09:39

I'm just looking to move away from HSBC after their appalling branch …I'm just looking to move away from HSBC after their appalling branch service. I will use Starling for my main account and only need a traditional bank for paying in coins and cheques.


Did you know You can use the post office to pay cash and cheques into starling
honeybags22513/02/2019 11:35

£20,400 after tax...so looking at a salary of £30k + most likely.


That's not most people on HUKD. Cold!
HotUKDealSeeker13/02/2019 12:19

MSE calculated it as £25,900


Do HSBC monitor what is being deposited.

I have a halifax account that requires £1000 deposit per month, but I keep transferring between 2 accounts the same money over the month.

possible to do this to qualfiy?
Edited by: "bhaisab" 13th Feb
bhaisab2 m ago

Do HSBC monitor what is being deposited.I have a halifax account that …Do HSBC monitor what is being deposited.I have a halifax account that requires £1000 deposit per month, but I keep transferring between 2 accounts the same money over the month.possible to do this to qualfiy?


most t&cs say the money can't be from the same bank. in other words, you can't transfer money from one halifax account to another halifax account. but nothing stops you from transferring the money from halifax to hsbc and back. if you're lucky enough to have £1000 lying around
honeybags22513/02/2019 11:34

Just beware HSBC are pretty much prehistoric with their verification etc. …Just beware HSBC are pretty much prehistoric with their verification etc. I had to go in branch, wait 30 minutes and then sign some papers to open the account and set up online verification. They've also got ridiculously overcomplicated online logins requirements..heaven forbid you should want to quickly set up an online payment when you're out and about.I'm pretty sure at one point the asked me to slit my palm and spit into it. Worst online bank I've used so prepare yourself for a rocky ride, but we'll worth it for the money. Enjoy.



+1! HSBC (and M&S) are the worst for making you jump through unnecessary hoops that other Banks did away with years ago. Tip; do it, take the money, switch to another bank offering cash rewards, repeat. Until you've done them all
richrab7 h, 1 m ago

I am with first direct and have been for 15 years +, no way would i move …I am with first direct and have been for 15 years +, no way would i move for a few hundred quid.The customer service is without question the best I get from any organisation, telephone banking answered by a real person in this country, who takes you through security then deals with your call. How many banks can say they give this service?To quote HSBC here "Priceless"



The trick is NOT to move from a bank you're happy with, stick with it! Open a "spare" basic bank account with your happy bank or another one, set up required number of direct debits on it (PayPal is quick and easy, then a charity or... Dartford tunnel congestion charge or whatever), switch it to new bank offering cash, set up standing order to pay required £ in and reciprocal standing order to pay it back, pocket the switching cash - submit a complaint if they don't pay up within the time they specify (if it's a COMPLAINT they may well give you £compensation as well!).
Fiendmish13/02/2019 14:13

Did you know You can use the post office to pay cash and cheques into …Did you know You can use the post office to pay cash and cheques into starling


Thanks for reminding me!
neversay7 h, 6 m ago

Time with your bank does affect your credit rating, along with recent hard …Time with your bank does affect your credit rating, along with recent hard credit searches and new overdrafts. If you are worried about your credit rating, don't look to HSBC for mortgages either as they cherry pick customers with the highest credit scores.



To reduce impact on your credit score DO NOT ASK FOR AN OVERDRAFT FACILITY, specify £0
neversay7 h, 51 m ago

I'm just looking to move away from HSBC after their appalling branch …I'm just looking to move away from HSBC after their appalling branch service. I will use Starling for my main account and only need a traditional bank for paying in coins and cheques.



Before you go, COMPLAIN OFFICIALLY with details of what's gone wrong, when and how. They will pay you compensation!
BarGin8 h, 4 m ago

Do you need to keep the account open for any length of time? Could I …Do you need to keep the account open for any length of time? Could I switch away it immediately after receiving the bonus?



You can usually close or switch, but read T&C's! Nationwide for instance says it may reclaim Switch Bonus in event you leave within a few
smellyonion8 h, 27 m ago

I have a mortgage, current and savings with Santander, could i transfer …I have a mortgage, current and savings with Santander, could i transfer out the current account, keep the other 2 and then open the current account again?



Yes. Or, open a basic account with Santander and switch that (easy)
hopper_papa_roac8 h, 47 m ago

Surprised it states standing orders as I could set a few up on a account I …Surprised it states standing orders as I could set a few up on a account I no longer use and then go through the switch its usually just DDS.



Every offer is different, read them carefully and keep a copy
5lugger5 h, 4 m ago

How do you find online banking / mobile app??


Yeah. That’s what I want to know too.
honeybags22513/02/2019 11:34

Just beware HSBC are pretty much prehistoric with their verification etc. …Just beware HSBC are pretty much prehistoric with their verification etc. I had to go in branch, wait 30 minutes and then sign some papers to open the account and set up online verification. They've also got ridiculously overcomplicated online logins requirements..heaven forbid you should want to quickly set up an online payment when you're out and about.I'm pretty sure at one point the asked me to slit my palm and spit into it. Worst online bank I've used so prepare yourself for a rocky ride, but we'll worth it for the money. Enjoy.


Yeah sometimes it’s a right faff trying to get into your own bank account that you can inadvertently lock yourself out. This can apply to almost any bank in my experience. That and you can do certain tasks with the banks app but not other tasks(e.g. set up new standing orders etc) - these often need to be done via online banking which means if you use the banks app most of the time another set of login details to remember. Things often go wrong when you need to sort out money payments etc fast & you are in a hurry. Often too many online hoops to jump through just to manage your ‘own’ money.
Edited by: "steve765" 13th Feb
Hi. How easy (or not) is it to switch to HSBC. I’ve heard mixed reports.
Thanks.
Edited by: "steve765" 13th Feb
I did this in December, so far I think they are rather bad, had to take payslips into branch to set up the account, the app is probably the worst banking app I've used, took a 40 minute phone call to set up a savings account and the website has an annoying pin based login system. I complained about how bad they are and they gave me an extra £100.
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