How much is the HSBC switch bonus?

HSBC is currently offering a £220 bonus when you switch your current account using the Current Account Switch Service (CASS).

What are the requirements for the HSBC switch bonus?

You need to complete a full CASS switch to HSBC, which typically requires setting up direct debits and making an initial deposit. Check the requirements section on this page for full details.

How long does it take to get the HSBC switch bonus?

The switch itself takes 7 working days via CASS. The bonus is typically paid within 2-5 weeks after the switch completes, depending on HSBC's processing times.

Does HSBC have a monthly fee?

No, the HSBC account has no monthly fee, so you keep the full £220 bonus.

Can I switch to HSBC if I've had an account before?

Most banks require you to be a new customer or not have held an account within a certain period. HSBC typically has a cooling-off period of 12 months. Check the specific eligibility rules on this page.

What is the HSBC switch bonus?

HSBC pays a £220 bonus for switching your current account. Last verified 12 Oct 2026.

What are the HSBC switch offer requirements?

Switch bank accounts within 60 days of opening the account using the Current Account Switching Service, closing the old account. Deposit at least £2,000 into the account and spend at least £500 with your debit card within 60 days of opening the account. Transfer over at least 2 direct debits.

How long does the HSBC switch bonus take to pay?

Based on tracked switches, the HSBC bonus typically lands about 60 days after the switch completes.

Banks / HSBC

HSBC

Part of HSBC Group

£220

Switch bonus57% recommendLow complaintsCompare all banks →Bonus: ~60 days

The HSBC current account switch bonus is £220. Last verified 12 Oct 2026 — offers are checked daily. £220 matches or beats 100% of the 7 HSBC offers we've tracked — historically an excellent time to switch.

Banks / HSBC

HSBC

Part of HSBC Group

£220

Switch bonus57% recommendLow complaintsCompare all banks →Bonus: ~60 days

Quick Facts

Bonus

£220

Offer type

Bank switch

Cooling-off

12 months

Banking group

HSBC Group

Requirements

Switch bank accounts within 60 days of opening the account using the Current Account Switching Service, closing the old account
Deposit at least £2,000 into the account and spend at least £500 with your debit card within 60 days of opening the account

Switching to HSBC? Get an email on every date that matters

Direct Debits, the requirements deadline, when the bonus is due, when it is safe to cancel, and when you can switch again. No account needed.

Switching toStarting on

HSBC pays £220 — but what would ALL the banks pay you?

Two questions, no signup: your personalised 12-month plan from every live offer.

Who do you already bank with?

Cash you could move around (savings, premium bonds, old accounts)

£2,191 this year

£1,875 switch bonuses + £202 saver interest + £114 easy-access interest

Switch to HSBC Premierstart now · £100k+ income£500
Switch to NatWest Premierfrom Dec · £100k+ income£500
Switch to Barclaysfrom Feb£300
Switch to Lloydsfrom Apr£200
Switch to Co-op Bankfrom Jun£200

This plan needs 3 active Direct Debits

Lloyds asks for the most, at 3. The same Direct Debits move with you to each account, so 3 live at once covers the whole year — and HSBC Premier and NatWest Premier need none at all.

Track this plan — free

Deadline reminders included. Or just browse the offers.

Want it checked against each bank's rules, with every date? Get a dated Switch Plan — £4.99

Regular Saver

Rate

Max monthly

£250

Term

12 months

Est. interest

~£81

Requires a HSBC current account.

Compare all regular savers

Bonus	Type	Started	Ended	Duration
£220	switch	1 Jul 2026	Current	Ongoing
£200	switch

Trend Analysis

Historical average

£202

Trend

Increasing

Offers tracked

Track your HSBC switch in StoozeMax

Log your switch, track the cooling-off countdown, and get notified when you're eligible to switch again. Free forever.

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HSBC

HSBC

Quick Facts

Requirements

Perks

HSBC pays £220 — but what would ALL the banks pay you?

Banking Group — HSBC Group

Regular Saver

Offer History

Trend Analysis

Compare HSBC