HSBC offering £110 and £30 ‘gift’ in new bank offer – get extra money now

4 mins read

HSBC is a popular bank, but it is seeking to draw in even more customers with its latest banking offer – available to new savers. For those who choose to switch to the bank, there is an enticing offer which combines cash and a “gift” which comes in two forms. Britons who apply for a new account with HSBC can expect to receive £110, as well as a £30 Uber Eats voucher or the Dining Out Gift Card.

To claim the reward, individuals will need to open an HSBC Advance Account as a new customer, then switch within 30 days. 

To apply, Britons need to be over the age of 18 and resident either in the United Kingdom or the European Union.

They must be able to pay in at least £1,750 each month, or £10,500 and above every six months.

Individuals must also qualify for a minimum £1,000 arranged overdraft, although people do not have to have an overdraft if they do not want one.

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“With our Uber Eats voucher and Dining Out Gift Card being valid for six months after the account opens, customers can even use the offer to help celebrate Christmas, if they can wait that long to take advantage.”

In addition to HSBC’s switching offer, the bank is also offering a number of benefits to those who make the change.

Particularly advantageous is the one percent interest rate which is available through HSBC’S Regular Saver, allowing Britons to save between £25 and £250 per month.

Savings on shopping are available through HSBC’s ‘Home and Away’ offers website, which has popular offers including discounted cinema and theatre tickets.

Britons can also choose from the following options if they take out the Select and Cover insurance from the bank:

  • A three-month baking subscription
  • A tracking device for keys and wallet
  • A £40 Argos eGift Card

The bank says its insurance programme allows its customers to “pick and mix” different types of cover under one simple policy.

However, when it comes to the switching offer, there are certain criteria which it is vital to bear in mind in terms of eligibility.

‘New’ bank customers must not be an HSBC current account holder on the date they decide to apply for their account.

Similarly, they must not have been a customer on or after January 1, 2018 in order to benefit from the offer.

The offer is not available to customers who have opened a first direct account since January 1, 2021. 

Customers are required to use the official Current Account Switch Service to complete a full switch within 30 days of the account opening, with a minimum of two direct debits or standing orders.

HSBC says it reserves the right to withdraw this offer at any time, and thus Britons may wish to act quickly to benefit.

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