Household budget guru Martin Lewis has explained how customers can receive £175 by switching bank accounts. The MoneySavingExpert shared details of a new deal from HSBC, which offers the payment to people signing up for its Advance current account.
Only customers who have not previously not held a current account with HSBC, or have opened a First Direct account after January 2019, will be eligible for the offer. They must also transfer across two direct debits or standing orders and pay in £1,500 within the first 60 days of opening your account, ChronicleLive reports.
The £175 is then paid within 30 days and there is no minimum deposit needed each month to qualify. It is handled by the Current Account Switch Process and must be completed within 30 days of opening an HSBC account.
