£500
Switch bonus
Minimum income requirement: £100,000/year
Not sure if you're eligible? Check now
Our eligibility checker tells you which offers you qualify for based on your banking history.
Open the new current account online, via the bank's app, or in branch. You'll need proof of identity and address. Most applications take 10-15 minutes.
Make sure you meet the minimum direct debit or standing order requirements before requesting the switch. Set these up in advance so they're active when the switch completes.
Initiate a full Current Account Switch Service (CASS) switch from your new bank. This is free, and your new bank handles everything — moving payments, redirecting transfers, and closing your old account.
CASS guarantees the switch completes within 7 working days. During this time, all your direct debits, standing orders, and salary payments are automatically moved to your new account.
Once the switch is complete, make sure you've met all the offer requirements — minimum deposits, card transactions, app login, etc. Check your new bank's app or online banking to confirm everything is in order.
HSBC Premier is part of HSBC Group. Switching between banks in the same group usually doesn't qualify for a switch bonus. If you currently hold an account with any of these brands, you may not be eligible:
Application
10–15 minutes
Switch completion (CASS)
7 working days
Bonus payment
Varies by bank
Cooling-off period before you can switch away: 12 months
Calculate your total earnings potential
See how much you could earn from bank switches, stoozing, and regular savers combined.
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