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Daily Mirror
Daily Mirror
Business
Abigail O'Leary

HSBC: You can get £200 free cash paid into your account but just hours are left to claim

Brits have just hours left to claim a £200 free cash sum paid into their bank account.

HSBC bank is currently offering those who switch to its Advance Account £200 in free money as a sign-up bonus.

However, the offer finishes at 11.59pm tonight - so you'll have to act quickly.

Eligible bankers will need to make the switch using the Current Account Switch Service (CASS).

Bear in mind, you will need to start the switching process within 30 days of opening the HSBC account.

Customers also need to set up two direct debits or standing orders and pay in £1,500 in the first 60 days to ensure they get the free cash.

Eligible bankers will need to make the switch using the Current Account Switch Service (CASS) (PA)

They should then receive the £200 within 20 days - meaning you could boost your household's income by hundreds into the new year.

MoneySavingExpert founder Martin Lewis said in his latest newsletter that the UK is in a “sweet spot” with banking deals - and new switchers can get up to £200, the best on offer since 2017.

Writing on MSE, the money guru explained that by simply switching your bank account to another provider, you could earn hundreds.

According to the latest Twitter poll released by Mr Lewis on switching, 81% of people said changing banks is mostly easy and hassle-free.

A number of high street banks often offer cash incentives to encourage new customers to join them. Martin is recommending three of the larger deals for those needing extra support this winter.

Martin Lewis also explained how you could get a similar offer from First Direct bank.

First Direct

First Direct newbies who switch to its 1st Account will get a free £175 and a regular saver account with a significant 7% interest.

You'll need to make the switch within three months, and pay in a minimum of £1,000.

Then, the £175 is then paid within 28 days.

But customers can't have ever had any account with First Direct, or have opened a current account with HSBC since January 2019.

Halifax

If you switch to a Halifax Reward account, you'll get £175 plus a few extra perks, including: a monthly reward of either £5 cash, a Vue cinema ticket, two movie rentals, or three digital magazines.

But to qualify, customers must pay in £1,500 or more every month - and spend £500 each month, or keep £5,000 in the account.

If you don't do this, you may incur a £3 monthly fee.

Customers will need to open a new account and switch by December 19, and the bonus will be paid within three days of the account opening.

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