HSBC UK

Switch to HSBC Premier Account

up to £500

No end date (can be withdrawn anytime)

How You Get Paid

1
£500Switch bonus
Complete CASS switch with 2 DDs, meet Premier eligibility, and deposit £2,000 within 60 days
Paid within 60 days of meeting criteria. Premier account also includes worldwide travel insurance, emergency cash worldwide, and a 5% linked saver.

Full Requirements

Full CASS switch required
Your old account will be closed. Direct Debits and standing orders are moved automatically.
2 active Direct Debits must be movedYes
A 30p Direct Debit qualifies for this — no need to move a real bill.
2 active Direct Debits moved via CASS. 25p Direct Debits qualify as long as they are active and collecting.
Deposit £2,000 within 60 days
Can be split across multiple payments as long as total reaches the minimum.
Complete within 60 days
All requirements must be met within this window from account opening.
Not available if you received a bonus from this bank in the last 48 months

Full Terms Summary

Requires HSBC Premier eligibility: £100,000+ annual income OR £100,000+ in HSBC savings/investments (or equivalent mortgage). Full CASS switch required with at least 2 active Direct Debits. Deposit at least £2,000 within 60 days. Not available if you held an HSBC or first direct account since 1 January 2023. Includes worldwide travel insurance, emergency medical assistance, and access to a 5% linked regular saver.

Read official terms at HSBC UK →I'm switching to this →

Change Log

01/09/2026 — Verdict note: 2 active Direct Debits moved via CASS. Cheap DDs qualify as long as they are active and collecting. → 2 active Direct Debits moved via CASS. 25p Direct Debits qualify as long as they are active and collecting.

SwitchBonus sources terms from official bank websites and cross-references community reports. Always verify current terms directly with HSBC UK before applying. We are not a financial adviser.