HSBC has a 12-month cooling-off period. If you claimed a HSBC switch bonus, you must wait 12 months from that switch before you're eligible for another one.
The cooling-off period is shared across the banking group, so switching between these brands usually won't earn another bonus until it ends.
Includes First Direct
Cooling-off period last verified 6 July 2026 · source
Figures are indicative and correct as at 6 July 2026. Bank switch offers, rates, and eligibility change frequently — always confirm the latest terms directly with the provider before switching. T&Cs apply. This is information, not financial advice.