HSBC launches new £100 bank switch offer to customers who move their current account from today

By Linda Howard

HSBC UK has announced the return of its current account switch offer, providing those moving their current account to an Advance or Premier Account with £110 in cash plus an additional £30 to eat in using Uber Eats, or to eat out using the Dining Out Gift Card.

The offer follows hot on the heels of one launched by Lloyds Bank last week, which is offering customers £100 to switch to them using the seven-day current account switching service - and paying out the cash within 10 days of completing the move.

The Club Lloyds current account has no fee for maintaining it - as long as people pay in £1,500 each month.

Fiona Anderson, HSBC UK's head of everyday banking, said: "With our Uber Eats voucher and the Dining Out Gift Card being valid for six months after the account opens, customers can even use the offer to help celebrate Christmas, if they can wait that long to take advantage."

Many banking brands no longer offer an up-front perk to entice new business, finance expert Rachel Springall from Moneyfacts.co.uk said last week - so the new offers signal a return to cash being offered.

In the past, some banks have offered customers as much as £175 to move to them.

Nationwide Building Society is also currently offering £100 for new customers switching to its current accounts and £125 for existing members.

Get the latest money-saving and benefits news sent straight to your inbox. Sign up to our weekly Money newsletter here .


What is inkl?

Important stories

See news based on value, not advertising potential. Get the latest news from around the world.

Trusted newsrooms

We bring you reliable news from the world’s most experienced journalists in the most trusted newsrooms.

Ad-free reading

Read without interruptions, distractions or intrusions of privacy.