How much does HSBC UK pay to switch?

£220 with the HSBC UK Bank Account or £500 with the HSBC UK Premier Bank Account (Premier), if you meet every condition in HSBC UK’s terms.

Can I get the HSBC UK switching reward again?

With the HSBC UK Bank Account: only if you haven’t held a HSBC UK or first direct current account at any time since 1 Jan 2023. With the HSBC UK Premier Bank Account: only if you haven’t held a HSBC UK or first direct current account at any time since 1 Jan 2025. Under today’s terms, a later chance comes only with HSBC UK’s next terms.

Offers Banks HSBC UK

HSBC UK switch offer

£220 for switching to the HSBC UK Bank Account, or £500 with the HSBC UK Premier Bank Account, from HSBC UK’s own terms, last confirmed Thursday 5 Nov 2026.

What it asks

HSBC UK Bank Account: £220

The £2,000 doesn’t need to stay in the account

Every condition, with HSBC UK’s own words · Does it fit you?

HSBC UK Premier Bank Account: £500

No pay-in needed
No Direct Debits needed

Every condition, with HSBC UK’s own words · Does it fit you?

Watch out for

The switch must complete within 60 days of opening
Cash withdrawals, fees, refunded transactions don’t count towards the £500
Open the account in the HSBC UK mobile app; accounts opened in branch or by phone, and HSBC staff, don’t qualify.
Premier only: an individual income of at least £100,000 a year paid in, or £100,000 in savings or investments with HSBC UK
The switch must complete within 90 days of opening
Needs a salary of at least £5,100 paid in within 90 days of opening
Not if you qualify for Premier only as an HSBC staff member.

When it pays

Paid about 60 days after you meet the conditions.

Can I get it again?

With the HSBC UK Bank Account: only if you haven’t held a HSBC UK or first direct current account at any time since 1 Jan 2023. In the terms: Exclusions: held an HSBC UK or first direct current account on or after 1 January 2023
With the HSBC UK Premier Bank Account: only if you haven’t held a HSBC UK or first direct current account at any time since 1 Jan 2025. In the terms: You don’t qualify if: an existing HSBC UK or first direct current account holder, or held one on or after 1 January 2025

Under today’s terms, a later chance comes only with HSBC UK’s next terms. Every bank’s rule.

Its offers over time

Premier Welcome Reward: £500 when you switch to HSBC Premier (HSBC UK, from 14 April 2026)published Monday 2 Nov 2026
£220 Bank Switch & Spend Offer (HSBC UK, from 15 June 2026)published Wednesday 28 Oct 2026

Every version of every offer, with its fingerprint.

For HSBC UK customers, not counted

Savers and cashback depend on what you keep doing for months, so Pocketly never counts them in a plan.

Regular Saverup to £81 a year
Online Bonus Saver£33 a year per £1,000