Offers Banks HSBC UK vs Lloyds
HSBC UK vs Lloyds switch offer
HSBC UK pays £220 for switching to the HSBC UK Bank Account; Lloyds pays £200 for the Club Lloyds Account. They differ on Direct Debits, what you pay in, what else you must do, when it’s paid, who can get it and the monthly fee.
Side by side
From each bank’s own terms. What differs comes first; what’s the same is folded below.
| What | HSBC UK | Lloyds |
|---|---|---|
| Reward Pocketly counts differs | £220 | £200 |
| The bank’s total differs | £220 | £200 |
| Direct Debits differs | 2 | 3, set up before the switch |
| Pay in differs | £2,000 | Nothing |
| Card, salary or app differs | £500 card spending | Nothing |
| When it’s paid differs | Paid about 60 days after you meet the conditions | Paid about 14 working days after you ask to switch |
| Who can get it differs | No HSBC UK or first direct account since 2023 | No Lloyds, Halifax or Bank of Scotland switching reward since 2023 |
| Monthly fee differs | None | £5.00 |
| Can’t share a plan with differs | first direct, HSBC Premier | Any of these |
Can I get both?
Pocketly can plan both, one after the other, if your accounts and cash allow it; it works out the order and when each pay-in is needed.
Each bank’s page: HSBC UK · Lloyds. Planning tool, not financial advice; each bank’s live terms are final.