HSBC Premier switch deal: June 2025

HSBC is offering a £500 Selfridges gift card and a VIP shopping experience to switch to its Premier Bank Account using the Current Account Switch Service.

To qualify for the account, you need to meet one of these criteria: have an individual annual income of at least £100,000, have savings or investments of at least £100,000 with HSBC in the UK and/or have International Premier status. HSBC Premier is not an account for everyone, so only a select few will be able to take advantage of this switching offer.

For a full list of switching deals on the market, you can visit our switching deals guide.

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How much will you get?

If you complete a full switch using the Current Account Switch Service, you’ll get a £500 Selfridges gift card and a VIP shopping experience. The shopping experience includes access to “The Selfridges Lounge” and a complimentary drink. It’ll take place at one of the 4 Selfridges UK stores (London, Birmingham, Manchester Trafford and Manchester Exchange Square).

There’s no requirement to take up the offer of the shopping experience. If it’s not your sort of thing, you can arrange for your gift card to be delivered to your home address.

Who can get this deal?

This deal is available for UK residents aged 18+. You’ll need to be eligible for the HSBC Premier Account. That means you’ll need to meet one of these criteria:

• You have an individual annual income of at least £100,000
• You have savings or investments of at least £100,000 with HSBC in the UK
• You already qualify for HSBC Premier in another country

You can’t qualify if you held an HSBC or first direct current account on 28 May 2025.

To qualify for the offer, your switch must include:

• Your monthly salary, equivalent to an individual annual salary of £100,000, paid directly into your account
• At least 2 direct debits
• Your monthly salary and 2 or more direct debits must continue until 31 October 2025

If you meet the criteria and qualify for the offer by 31 October 2025, you’ll receive your voucher on or after 9 November 2025.

The exclusions

You won’t receive the bonus if you were an existing HSBC UK or first direct current account holder on 28 May 2025.

When the offer ends

You need to complete a full switch by 12 August 2025 to qualify for the offer, but it can also be withdrawn at any time.

What switching offers have been available in the past?

In 2024, HSBC had a £220 switching deal for its Advance Account. You got £100 when you made your initial switch and then £10 a month for up to 12 months.

Alternative offers

If this offer is not for you, we also have a guide displaying current banking switching deals on the market and also other banking offers such as refer-a-friend offers and more.

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To make sure you get accurate and helpful information, this guide has been edited by Liz Edwards as part of our fact-checking process.

Written by

Kate Steere

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Kate Steere is an editor at Finder, specialising in fintech, banking and cryptocurrency. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio

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