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<\/p>\nThe switch bonus is described as the largest UK deal seen in some months<\/p>\n
12:12, 17 Jun 2026Updated 12:51, 17 Jun 2026<\/p>\n
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HSBC is the first bank switch deal of 2026, with over \u00a3200 upfront cash(Image: Catrin Haze via Getty Images)<\/p>\n
People could earn over \u00a3200 by completing a new HSBC Bank offer<\/a> that offers one of the highest instant cash bonuses seen so far in 2026. The “fuss-free” bank-switching offer comes as a rare deal with the high street chain<\/a>.<\/p>\n As highlighted in the latest Money Saving Expert (MSE) Martin Lewis<\/a> newsletter, this HSBC deal has been called a “rare” opportunity. It gives customers the chance to pocket over \u00a3200 by moving their financial needs to the high street bank.<\/p>\n The HSBC Bank Account<\/a> is available to many people across Britain – even those who may not think they are eligible. Those switching can receive the money, as long as they have not previously been a customer or held a current account with HSBC<\/a> or First Direct since January 2023, reports the Express<\/a>.<\/p>\n Setting out the complete switching offer<\/a>, MSE said: “A winner on switch cash alone, which many serial switchers will be eligible for. This HSBC Bank Account<\/a> \u00a3220 switch bonus is the largest we’ve seen in some months.<\/p>\n “Importantly, given the switch bonus offer only excludes those who’ve had an HSBC or First Direct account since January 1, 2023, you may find you’re eligible for the offer even if you switch banks a lot.”<\/p>\n Martin Lewis’ team claims this offer is ‘rare’ from HSBC(Image: ITV)<\/p>\n To qualify for the \u00a3220 payment, new customers must:Open a bank account: This can be done in HSBC’s mobile banking app or onlineComplete a full switch within 60 days: Using the Current Account Switch Service (CASS), people can automatically transfer their everyday banking over to HSBC. Must include at least two direct debits.Deposit \u00a32,000 and spend \u00a3500 on your debit card: Actively use the account to become eligible for the cash boost.<\/p>\n Tara Bedelian, head of current accounts at HSBC UK, said: “With our new \u00a3220 incentive, there are more reasons than ever for customers to switch to HSBC UK. The account has a number of customer-only benefits, including access to Global Money, our multi-currency account offering our best exchange rates. Once new customers have switched their everyday banking to us and met the offer criteria, the bonus will be paid within 60 days.”<\/p>\n![\"Martin](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/06\/0_Good-Morning-Britain.jpg\")
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