HSBC UK Bank Account

Every condition

Each one in plain words, with the part of HSBC UK’s terms it comes from.

• Full switch with the Current Account Switch Service, moving at least 2 active Direct Debits Up to you later

  What’s this?

  Moved with the Current Account Switch Service. Banks usually count a Direct Debit only if it has taken a payment recently; a new one that hasn’t been paid yet often doesn’t count. Each offer’s terms say exactly what counts.

  The account you switch from can’t be with HSBC UK or first direct.
  In the terms: How do I qualify: full CASS switch including at least 2 Direct Debits
• Joint accountsThe terms don’t say whether a joint account qualifies. Ask the bank first.
• The switch must complete within 60 days of opening the account The banks’ side
  In the terms: How do I qualify: within 60 days of opening
• Pay in £2,000 within 60 days of opening the account Up to you laterIt doesn’t need to stay in the account.
  In the terms: What counts as a deposit: £2,000; doesn’t need to stay in the account
• Spend £500 on the debit card within 60 days of opening the account Up to you laterDoesn’t count: cash withdrawals, fees, refunded transactions, gambling, credit card or insurance payments, card-to-card payments, transfers from your other HSBC accounts.
  In the terms: What counts as debit card spend: £500 within 60 days
• No HSBC UK or first direct current account since 1 Jan 2023 Check before you apply
  In the terms: Exclusions: held an HSBC UK or first direct current account on or after 1 January 2023

Only HSBC UK can check: Open the account in the HSBC UK mobile app; accounts opened in branch or by phone, and HSBC staff, don’t qualify.