Get £220 For Switching To HSBC

Open a new HSBC Bank Account, complete a full current account switch and meet the qualifying requirements to receive a £220 cash bonus.

Medium
Around 15 Minutes
UK Only

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Secure link • Takes you directly to the HSBC UK Bank plc website.

Last checked:: 11 September 2026
Category:: Bank Switch

What is HSBC UK Bank plc?

HSBC UK is one of the largest banking providers in the country, with a full range of everyday banking products available in branch, online and through its mobile app.

Its personal range covers current accounts, savings, credit cards, loans and mortgages, alongside tools for budgeting and managing money day to day.

How To Claim Your Cash Reward

Follow these simple steps.

1
1. Open Your HSBC Bank Account
Open a new HSBC Bank Account through the HSBC mobile banking app.
The account must be opened through the qualifying application channel for this promotion.
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2
2. Complete Your Switch
Within 60 days, complete a full switch using the Current Account Switch Service.
The switch must include at least 2 Direct Debits.
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3. Meet The Requirements
Within the qualifying period you need to pay at least £2,000 into the new HSBC Bank Account, spend at least £500 using the HSBC debit card and complete the full switch including at least 2 Direct Debits.
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4. Receive Your £220 Bonus
Once all qualifying criteria have been met, HSBC states that the £220 cashback will be paid within 60 days.

Important

Eligibility, qualifying dates and promotional terms are set by HSBC and can change at any time.

New customers only.
The offer applies to the HSBC Bank Account.
The Basic Bank Account does not qualify.
The account must be opened through the qualifying mobile banking app application process.
A full Current Account Switch Service switch is required.

Frequently Asked Questions

Click a question to view the answer.

How much can I earn?

Eligible new customers can receive a £220 cash bonus once every qualifying requirement has been completed.

When will I receive the £220 bonus?

HSBC states that the £220 cashback is paid within 60 days of you meeting all of the qualifying criteria.

How many Direct Debits do I need?

The switch must include at least 2 Direct Debits.

How much do I need to pay into HSBC?

At least £2,000 must be paid into the new HSBC Bank Account within the qualifying period.

How much do I need to spend on the debit card?

At least £500 must be spent using the HSBC debit card within the qualifying period.

Who can qualify for the HSBC offer?

New UK customers who open an HSBC Bank Account through the HSBC mobile banking app and complete a full CASS switch with at least 2 Direct Debits, then meet the funding and spending requirements.

Can existing HSBC customers apply?

No. Existing HSBC UK and first direct customers are not eligible, and neither is anyone who has held an HSBC UK or first direct current account since 1 January 2023.

Does the Basic Bank Account qualify?

No. The promotion applies to the HSBC Bank Account only, so the Basic Bank Account does not qualify.

Is this a referral offer?

No. This is an official HSBC switching promotion rather than a personal referral offer. The button takes you directly to HSBC's official website.

If you sign up using the link provided, we may receive a reward at no additional cost to you. We review our offers regularly to help keep the information as accurate and up to date as possible.

Read our affiliate disclosure.

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