HSBC: The world's local money launderer

Same here, to cover the cost of Jenson, Jessica and Rory I guess!

You also get 3 month interest free overdraft as long as you move your direct debits/standing orders from your current account when you switch.

You can't have a flexone or flexbasic to claim the £100

Set up a standing order, or transfer the amount from your account to the hsbc account.

Offer says you have to switch and open a new account. to get the £120 - no free dosh if you are just opening a new account

T&Cs

HSBC £120
Switching Offer
Terms and Conditions
2
1. These Offer Terms and Conditions (the “Offer Terms”) are an agreement between you
and us. They apply when you switch your current account to either an HSBC Premier Bank
Account, HSBC Advance Bank Account or HSBC Bank Account (each an “Eligible Account”),
in the UK, the Channel Islands or the Isle of Man*. These Offer Terms apply in addition to
and should be read together with the terms and conditions that apply to the HSBC account
to which you switch contained within our “Personal Banking Terms and Conditions and
Charges” booklet

2. In these Offer Terms “we, us or our” means HSBC Bank plc.
Eligibility Criteria for this offer

3. We will make the Offer Payment described below if you comply with all the following
requirements, namely:
a) if you apply for an Eligible Account in the UK, the Channel Islands or the Isle of Man
during the Offer Period. The Offer Period is 29 December 2015 until 28 February 2016.
Any applications received after the expiry of the Offer Period will not qualify for the Offer
Payment. We may withdraw this offer before the end of the Offer Period. We will in
advance of doing so, put a notice on our website.

b) if the Eligible Account for which you applied is successfully opened;

c) if you are not (and have not within the previous 6 months been) an existing HSBC current
account holder when you apply for an Eligible Account (you may however hold a first
direct and/or M&S Bank current account and still qualify). If you are opening a joint Eligible
Account , this requirement must be met by at least one account holder;

d) if you complete a full switch of a current account to your Eligible Account using the Current
Account Switch Service (CASS) within 30 days of the date of your Eligible Account being
opened. If you are opening a joint Eligible Account both account holders must do this; and

e) provided you continue to hold an Eligible Account on the date we make the Offer Payment.
The Offer Payment

4. If you meet the requirements to qualify for the offer as described above, we will make one
Offer Payment of £120 within 70 days of your Eligible Account being opened. The payment
will be made by a direct credit into your Eligible Account.

5. We will make one Offer Payment per Eligible Account opened in accordance with this offer
(if this is a joint account we will not make an Offer Payment per account holder).


General Terms
6. You can only take advantage of this offer once. This means that if you open more than one
Eligible Account (whether in your sole name, joint names or in a combination of accounts in
your sole name and accounts in joint names), we will only make an Offer Payment the first
time you switch an account to us using CASS and will not accept further applications from
you for this offer.

7. This offer is not transferable.

8. We may refuse any application for a product or service.

9. This offer is only available to UK residents and residents of the Channel Islands and the Isle
of Man*.

10. This offer is not available if the account you are switching to is an HSBC Staff Premier Bank
Account, HSBC Staff Advance Bank Account or a HSBC Staff Bank Account.

3
What happens to any debit card
transactions that I have asked
my old bank to stop?
The Current Account Switch Service should
not interfere with this process and any
debit card transactions that you have asked
your bank to stop should remain so after
your switch.
Can I prevent my new account details
being given to someone who sends
one-off payments to my old account?

You may be able to transfer your payments to your new bank without redirecting payments from your old account, and you should discuss this requirement with your new bank.

Oops, here is the important bits:

Important Information - £120 when you switch to an HSBC Bank Account
To be eligible for the HSBC Bank Account you must be over 18 and pay in at least £500 per month into the account each month. (If you are under the age of 24, the qualification criteria will not apply.) Applications are subject to status and internal checks.
£120 switching offer applies to successful applications received between 29 December 2015 and 28 February 2016, limited to one per customer or joint relationship on eligible HSBC Bank Accounts. You must switch using Current Account Switch Service within 30 days of opening your account. To qualify you must not already hold an existing HSBC current account or have held one in the last 6 months. We will make one Offer Payment of £120 within 70 days of your HSBC Bank Account being opened.
We reserve the right to withdraw this offer at any time. Offer available to UK residents and residents of the Channel Islands and the Isle of Man.

Seems like a decent offer, in that they don't appear to insist on the usual two Direct Debits with the switching service...

ah well, won't be able to meet the minimum payment requirements. might still give it a punt though.

£500 a month ,but for how many months? ?

Sadly cannot switch my M&S account as its part of HSBC :disappointed:

i probably can't even do that with the income i get, but we'll see - just completed my application and it didn't confirm anything there and then, just said it needed to review it and write to me in a few days - experience tells me it'll be a rejection, but I'll see what happens.