HSBC Premier offers the better net value at £500 vs £0 after fees.
HSBC Premier comes with more perks (3 vs 0), including things like £500 paid within 70 days of qualifying.
Tesco Bank has no income requirement, while HSBC Premier requires £100,000/yr.
Currently only HSBC Premier has an active switch bonus. Tesco Bank does not have an active offer at this time.
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
Cooling-off period data is not currently available for these banks. Check the individual bank pages for the latest information.
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.