Martin Lewis' official website, Money Saving Expert, is urging thousands of Britons to claim a free £200 bonus, simply by switching banks. HSBC is offering the lumper to new customers who switch out to the HSBC Advance current account - but there are a couple of qualifying factors which you'll need to be aware of.
In order to qualify for the cash, you'll have to switch over at least two direct debits or standing orders within 30 days of joining - as well as pay in £1,500 within the first 60 days. You also must not have a HSBC current account as it stands, nor can you have opened one up with sister bank First Direct since January 1, 2020.
If eligible, the £200 lumper will be paid within 20 days of qualifying - but the switch has to have been made by July 3. You can switch over using the Current Account Switch Service (CASS) - which will move across all payments, direct debits and standing orders to your new bank account.
