What is the HSBC Premier Switch? HSBC’s premium account, for people earning £100,000 or more, or with £100,000 saved or invested. It pays £500 for switching.
⏳ No end date has been announced, but switch offers change often, so check before you start.
How to claim it
- Check you qualify: an income of £100,000 or more paid in monthly, or £100,000 saved or invested with HSBC.
- Open HSBC Premier in the HSBC UK app. If you qualify through income, switch your account in within 90 days.
- Your £500 is paid within 70 days.
Handy hints
- Good to know
- What you need: A full switch within 90 days if you qualify through income, or £100,000 saved or invested.
- Is it free? Yes, as long as you meet the Premier eligibility (£100,000+ income or savings).
- Follow every step: read the bank’s switch offer terms carefully and do each step within the time limits. Miss one and you can lose the bonus.
- Space out applications: each new account can show on your credit file, so don’t open lots at once.
- Who can’t get it: anyone who has held an HSBC or First Direct current account since 1 January 2025.
- Earning more
- Extras: worldwide family travel insurance and online GP appointments.
Ready to claim your £500?Time needed: 30 mins. Deposit: £100k income or savings.