Compare Switch Incentive Current Accounts

  • Some current account providers offer cash incentives to customers who switch bank accounts over from their current bank.
  • You can compare the switching bonuses offered by some of the UK’s leading banks in the table below.
  • Compare up-to-date information on account features to find your ideal account.

What type of current account are you looking for?

  • HSBC logo

    HSBC Premier Bank Account

    • Free Worldwide Family Travel Insurance
    • Earn 5% on linked Regular Saver
    • Preferential terms on selected products, services and rewards
    • To be eligible you must meet one of the following: Have an individual income of £75K+ and a mortgage, investment or protection product; or £50K in savings or investments with HSBC UK; or qualify for HSBC Premier in another country
    • Maximum Interest (AER) [?]
    • Switching Incentive
      Free luxury overnight stay (worth £330 average)
    • Minimum Monthly Credit
    • Monthly Fee

    Interest details

    • No interest is paid on in-credit balances on this account
    • A fixed preferential rate of 5% AER/gross over 12 months is available to HSBC Advance customers, who open a new Regular Saver account. Save between £25 and £250 per month by standing order from your HSBC Advance Bank Account for a fixed term of 12 months.

    Overdraft details

    • Apply for a £500 interest-free arranged overdraft facility with no overdraft fee, subject to status and meeting HSBC's UK proof of address requirements

    Switching incentive details

    • Enjoy a luxury overnight stay or family getaway worth on average £330 when you switch to an HSBC Premier account through the Current Account Switch Service. The offer is open to new customers applying for the HSBC Premier Bank Account. Eligibility criteria and T&Cs apply.
Please note: Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Switch Incentive Current Accounts FAQs

What is a switch incentive current account?

Who can take out a switch incentive current account?

What benefits do switch incentive current accounts offer?

How do you decide which switch incentive current account to move to?

Can you take out a switch incentive current account if you are overdrawn?

How do you apply for a switch incentive current account?

Do you need to close your old account?

Can you earn rewards if you switch a joint current account?

Helpful links for current account issues

Financial Conduct Authority (FCA) - The UK financial regulator's website features lots of useful information for banking customers covering everything from knowing your rights to how to stop unauthorised payments.

Financial Service Compensation Scheme (FSCS) - The FSCS is the best place to find out if your bank is covered by the compensation scheme and for advice on making a claim.

Financial Ombudsman Service - If you've complained to your bank and are still having ongoing problems then the Financial Ombudsman is the next step - their website covers everything you need to know about making a complaint.

Money Advice Service - The government's Money Advice Service provides unbiased advice on choosing, opening and managing a current account.

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