Open a HSBC account or switch your account to HSBC and you will receive £120  cash back.
629°Expired

Open a HSBC account or switch your account to HSBC and you will receive £120 cash back.

107
Found 29th Dec 2015
Open a HSBC account or switch your account to HSBC and you will receive 120 pounds cash back.Excludes basic bank accounts and student accounts.Offer from 29/12 to 28/02/16.Also apply for a credit card or switch your credit card ( 32months interest free) 1.4% balance transfer fee with minimum amount 5 for the fee and receive cash back of 25 pound's.total 145 pound's

107 Comments

Offer says you have to switch and open a new account. to get the £120 - no free dosh if you are just opening a new account

T&Cs

HSBC £120
Switching Offer
Terms and Conditions
2
1. These Offer Terms and Conditions (the “Offer Terms”) are an agreement between you
and us. They apply when you switch your current account to either an HSBC Premier Bank
Account, HSBC Advance Bank Account or HSBC Bank Account (each an “Eligible Account”),
in the UK, the Channel Islands or the Isle of Man*. These Offer Terms apply in addition to
and should be read together with the terms and conditions that apply to the HSBC account
to which you switch contained within our “Personal Banking Terms and Conditions and
Charges” booklet

2. In these Offer Terms “we, us or our” means HSBC Bank plc.
Eligibility Criteria for this offer

3. We will make the Offer Payment described below if you comply with all the following
requirements, namely:
a) if you apply for an Eligible Account in the UK, the Channel Islands or the Isle of Man
during the Offer Period. The Offer Period is 29 December 2015 until 28 February 2016.
Any applications received after the expiry of the Offer Period will not qualify for the Offer
Payment. We may withdraw this offer before the end of the Offer Period. We will in
advance of doing so, put a notice on our website.

b) if the Eligible Account for which you applied is successfully opened;

c) if you are not (and have not within the previous 6 months been) an existing HSBC current
account holder when you apply for an Eligible Account (you may however hold a first
direct and/or M&S Bank current account and still qualify). If you are opening a joint Eligible
Account , this requirement must be met by at least one account holder;

d) if you complete a full switch of a current account to your Eligible Account using the Current
Account Switch Service (CASS) within 30 days of the date of your Eligible Account being
opened. If you are opening a joint Eligible Account both account holders must do this; and

e) provided you continue to hold an Eligible Account on the date we make the Offer Payment.
The Offer Payment

4. If you meet the requirements to qualify for the offer as described above, we will make one
Offer Payment of £120 within 70 days of your Eligible Account being opened. The payment
will be made by a direct credit into your Eligible Account.

5. We will make one Offer Payment per Eligible Account opened in accordance with this offer
(if this is a joint account we will not make an Offer Payment per account holder).


General Terms
6. You can only take advantage of this offer once. This means that if you open more than one
Eligible Account (whether in your sole name, joint names or in a combination of accounts in
your sole name and accounts in joint names), we will only make an Offer Payment the first
time you switch an account to us using CASS and will not accept further applications from
you for this offer.

7. This offer is not transferable.

8. We may refuse any application for a product or service.

9. This offer is only available to UK residents and residents of the Channel Islands and the Isle
of Man*.

10. This offer is not available if the account you are switching to is an HSBC Staff Premier Bank
Account, HSBC Staff Advance Bank Account or a HSBC Staff Bank Account.

3
What happens to any debit card
transactions that I have asked
my old bank to stop?
The Current Account Switch Service should
not interfere with this process and any
debit card transactions that you have asked
your bank to stop should remain so after
your switch.
Can I prevent my new account details
being given to someone who sends
one-off payments to my old account?

You may be able to transfer your payments to your new bank without redirecting payments from your old account, and you should discuss this requirement with your new bank.

Oops, here is the important bits:

Important Information - £120 when you switch to an HSBC Bank Account
To be eligible for the HSBC Bank Account you must be over 18 and pay in at least £500 per month into the account each month. (If you are under the age of 24, the qualification criteria will not apply.) Applications are subject to status and internal checks.
£120 switching offer applies to successful applications received between 29 December 2015 and 28 February 2016, limited to one per customer or joint relationship on eligible HSBC Bank Accounts. You must switch using Current Account Switch Service within 30 days of opening your account. To qualify you must not already hold an existing HSBC current account or have held one in the last 6 months. We will make one Offer Payment of £120 within 70 days of your HSBC Bank Account being opened.
We reserve the right to withdraw this offer at any time. Offer available to UK residents and residents of the Channel Islands and the Isle of Man.

Seems like a decent offer, in that they don't appear to insist on the usual two Direct Debits with the switching service...

ah well, won't be able to meet the minimum payment requirements. might still give it a punt though.

£500 a month ,but for how many months? ?

HankHandsome

ah well, won't be able to meet the minimum payment requirements. might … ah well, won't be able to meet the minimum payment requirements. might still give it a punt though.



​it doesn't have to be virgin cash. Just transfer from one account and then bounce it on to another. It doesn't have to stay permanently in HSBC

The_Pope

Seems like a decent offer, in that they don't appear to insist on the … Seems like a decent offer, in that they don't appear to insist on the usual two Direct Debits with the switching service...


Yes, I noticed that...even better then.

dounavilla

£500 a month ,but for how many months? ?


Until you close that account

dounavilla

£500 a month ,but for how many months? ?


Offer states.........
'We will make one Offer Payment of £120 within 70 days of your HSBC Bank Account being opened.'
So, once the £120 is paid, stop the £500 a month payment

Sadly cannot switch my M&S account as its part of HSBC

The_Pope

​it doesn't have to be virgin cash. Just transfer from one account and t … ​it doesn't have to be virgin cash. Just transfer from one account and then bounce it on to another. It doesn't have to stay permanently in HSBC



i probably can't even do that with the income i get, but we'll see - just completed my application and it didn't confirm anything there and then, just said it needed to review it and write to me in a few days - experience tells me it'll be a rejection, but I'll see what happens.

Switching my Santander account as they are increasing the account fee to £5 a month.

Thanks OP

306notout

Switching my Santander account as they are increasing the account fee to … Switching my Santander account as they are increasing the account fee to £5 a month.Thanks OP


I'd switch mine but I'm making more than £5 a month and the HSBC one pays nothing as far as I can see

I was making more than the £5 but not anymore so I had been looking for a new account anyway. Would have stayed if it was staying at the current price

What do you get for staying with bank these days

snoopy88

What do you get for staying with bank these days


Well if you split your money over several current accounts you get quite a bit more than you would in a savings account 3%-5% depending on the bank and its limits on interest on current accounts...but as for staying with a bank and showing some loyalty...nothing...same with most companies these days.

twinkle

Sadly cannot switch my M&S account as its part of HSBC


Might be worth enquiring about it. From the T&C's posted above:

c) if you are not (and have not within the previous 6 months been) an … c) if you are not (and have not within the previous 6 months been) an existing HSBC currentaccount holder when you apply for an Eligible Account (you may however hold a firstdirect and/or M&S Bank current account and still qualify). If you are opening a joint EligibleAccount , this requirement must be met by at least one account holder;

Of all the banks that I have accounts with, the HSBC one was by far the worst opening experience, they wanted me to take proof of all my income and ID even though I had accounts with First Direct and M&S Bank - and then they lost it all! A bit of a hassle, but if you can blag £120 it's just about about worth it!

Is this a free account or is there a monthly fee?
I cannot seen to see any mention of monthly fees.

Ahh yes the last time they did a similar offer alongside their savings account I remember so many people being denied of the bank account despite many having a perfect credit history , but good look if you go through with it and if it's a different story this time I may take the offer up .

HSBC: The world's local money launderer

twinkle

Sadly cannot switch my M&S account as its part of HSBC



c) if you are not (and have not within the previous 6 months been) an … c) if you are not (and have not within the previous 6 months been) an existing HSBC currentaccount holder when you apply for an Eligible Account (you may however hold a firstdirect and/or M&S Bank current account and still qualify). If you are opening a joint EligibleAccount , this requirement must be met by at least one account holder;



??

Great thanks can see another switch coming

Thanks can see another account switch coming

HSBC are fussy gits

They are not having my pennies

No doubt you'll be chasing them for opening the account and the cash back like their previous offer

306notout

Switching my Santander account as they are increasing the account fee to … Switching my Santander account as they are increasing the account fee to £5 a month.Thanks OP



Same here, to cover the cost of Jenson, Jessica and Rory I guess!

its not open OR switch

it's open AND switch

clayts

Offer says you have to switch and open a new account. to get the £120 - … Offer says you have to switch and open a new account. to get the £120 - no free dosh if you are just opening a new account



I noticed that too

Get £120 when you switch to HSBCOpen a new HSBC Premier Bank Account, … Get £120 when you switch to HSBCOpen a new HSBC Premier Bank Account, HSBC Advance Bank Account or HSBC Bank Account and get £120 for switching using the Current Account Switch Service when you switch within 30 days of opening your account. Offer applies to successful applications received between 29 December 2015 and 28 February 2016.

does switching effect your credit score?

Switch and Open or Switch or Open? That's the question...!

306notout

Switching my Santander account as they are increasing the account fee to … Switching my Santander account as they are increasing the account fee to £5 a month.Thanks OP



Not much point if you keep over £10k in your current account...

myskepticsight

Of all the banks that I have accounts with, the HSBC one was by far the … Of all the banks that I have accounts with, the HSBC one was by far the worst opening experience, they wanted me to take proof of all my income and ID even though I had accounts with First Direct and M&S Bank - and then they lost it all! A bit of a hassle, but if you can blag £120 it's just about about worth it!



​I work for a company that does a lot of work for HSBC and frankly I personally wouldn't touch them with a barge pole. They're shambolically disorganised so I'm not surprised you had a hassle. I can't go into details but I really don't know how they're in business with the way they operate.

Lew8510

​I work for a company that does a lot of work for HSBC and frankly I p … ​I work for a company that does a lot of work for HSBC and frankly I personally wouldn't touch them with a barge pole. They're shambolically disorganised so I'm not surprised you had a hassle. I can't go into details but I really don't know how they're in business with the way they operate.



​I'd argue this is the case for a lot of large bureaucratic corporations.

The account-opening process will be needlessly protracted by their unnecessary insistence that you spend ages on the phone to them and/or attending a branch and they want you to fill in paper forms and post them back with documentary evidençe such as old bank statements as well. Halifax is all onlinr and I think Nationwide. But if you've done them already I suppose its worth a go.

Terrible customer service but went to NatWest and they are just as bad.

twinkle

Sadly cannot switch my M&S account as its part of HSBC



​ you may however hold a first

direct and/or M&S Bank current account and still qualify

Did the Halifax Switch last October - got £125 Cashback and £5 monthly for a year if the Account stays in the black - £185 in total. Sweet deal.
Post a comment
Avatar
@
    Text