Banking · Checked against HSBC UK’s own page
HSBC UK switch offer: £220 for switching to the Bank Account
HSBC UK Bank Account: £220 switching offer. Apply in the mobile app only, and pay in £2,000 plus spend £500 on the card within 60 days.
£220
switching offer
- Paid within 60 days of meeting the criteria
Worth knowing
Apply in the mobile app only, and pay in £2,000 plus spend £500 on the card within 60 days.
No commission
What you have to do
- Open a Bank Account in the HSBC UK mobile app
- Complete a full switch using the Current Account Switch Service
- Move at least 2 Direct Debits
- Pay in £2,000
- Spend £500 on your debit card
The details
- Deadline
- 60 days from account opening
- Paid
- within 60 days of meeting the criteria
- Monthly fee
- No monthly fee
- Who can get it
- New customers only. Not available to existing HSBC UK or first direct customers, or to anyone who has held an HSBC UK or first direct current account since 1 January 2023.
- Offer details
- Further offer and account T&Cs and eligibility criteria apply. Switcher Offer may be withdrawn at any time and applies to HSBC UK Bank Account only (Basic Bank Account etc not eligible).
- Source
- HSBC UK Bank Account product page Checked 17 Oct · No commission
How it compares
4th of 9 by switching bonus, among the switch offers MoneyHQ has checked.
| Account | Bonus | Monthly fee | Pay in | Paid within |
|---|---|---|---|---|
| NatWest Premier Select account | £500 | None | £15,000 | 120 days |
| Barclays Bank Account | £300 | None | £2,000 | Not stated |
| Santander £240 switch offer | £240 | None | £1,500 | Not stated |
| HSBC UK Bank Account (this offer) | £220 | None | £2,000 | 60 days |
| First Direct 1st Account | £210 | None | £1,000 | Not stated |
| Lloyds Club Lloyds account | £200 | £5 | No minimum | 14 days |
Every figure is from each provider's own page, checked on the date shown on that offer. MoneyHQ orders this table by switching bonus alone; commission never changes the order.