Banking customers looking to get some extra cash can earn £170 by switching their current accounts. The deal is currently being offered by HSBC as the cost of living rises.
Anyone looking to move their money into the giant's advance or premier banks can earn the extra sum. It will run alongside the bank's existing offer which provides six months' cashback on the bank's insurance offer called Select and Cover - meaning customers can pocket an additional £117 as well.
HSBC's head of retail Tom Wolfenden, says the offer will help customers fight the cost of living crisis. Speaking to Moneyfacts, he said: "While cutting back on everyday and occasional spending or cancelling any unwanted or unused subscriptions could help, taking note of the wide range of offers that could provide discounts, or even cash, could make your money go further or go a little way to reducing the impact of the increase in the cost of living."
There are some terms and conditions to watch out for, so anyone switching to either of the two accounts will need to transfer over two direct debits or standing orders within 60 days. And the current account switching service will have to be enacted within 30 days on both account types.
Both accounts will need customers to pay in at least £1,500 in the first 30 days. While the HSBC Premier account also requires customers to have an income greater than £75,000.
