Open an HSBC UK Bank account.
You can open your account online or through the app, by filling in a short application form.
Switch using the Current Account Switching Service.
This takes place during account opening - when prompted, state you wish to switch your existing account to your new HSBC one.
Choose your switch date.
You’ll need to choose a date for when you want your account switched over and transfer over at least 2 active direct debits.
Receive switch confirmation.
On the day of your current account switch, you’ll receive confirmation from HSBC that your account is now open.
Pay £2,000 into your account.
Within 60 days of switching, you must pay £2,000 into your account and spend £500 using a debit card linked to the account.
Receive your £220 bonus.
Once you've met the above conditions, you'll receive £220 in your new account within 60 days.
You get £220 within 60 days of meeting the eligibility criteria listed below.
With this switching deal, you can also access the HSBC Regular Saver at 5.00% AER. If you save the maximum of £250 a month into the savings account, you’ll have £81.25 in interest after a year.
That’s £301.25 in your first year, including switching bonus and maximum savings interest.
The offer is available to new customers who open an HSBC UK Bank account using the HSBC UK mobile banking app, on or after 15 June 2026.
You can’t qualify if:
There is no specific end date, but the offer may be withdrawn at any time.
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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