Key features of the deal:

  • 175 cashback for switching your main account to HSBC Advance via money.co.uk or uSwitch*

  • No monthly account fee

  • Access to exclusive discounts and offers through the Advance members' portal

  • 5% AER/Gross with HSBC's Regular Saver (T&Cs apply)

  • Offer ends on 2 September 2019

Commenting on the deal, Salman Haqqi, personal finance expert at money.co.uk, said:

"If you're looking to move your bank account, it always pays to see what incentives are currently available for you to do so, as many of the high street banks practically throw money at you to switch your account.

"The current deal from HSBC Advance Bank Account, which gives new customers a 175 bonus if they switch via money.co.uk or uSwitch, is a great example of how much cash you can get simply by switching your current account.

"And with the Current Account Switch Service, you can rest assured that moving your account will be hassle free as your new bank does all the hard work for you. All you need to do is choose the date you want to switch, and your direct debits and standing orders, as well as all of your incoming payments, will be transferred automatically from that date.

"As always, though, I would encourage you to ensure that you're eligible for an account before applying. It's also a good idea to do your homework and shop around to make sure that the account you choose suits your needs."

Notes to Editors:
*Only available to new customers applying via money.co.uk or uSwitch and opening an Advance Bank Account - then, within 30 days, using the Current Account Switch Service to complete a full switch with at least 2 Direct Debits or standing orders. Offer ends on 2nd September 2019. Eligibility criteria and T&Cs apply.
More information about the HSBC Advance Bank Account deal