In a move set to shake up the UK banking sector, HSBC has launched the largest cash incentive for switching accounts ever recorded. The high street giant is offering a total of £750 to new customers who join its Premier banking service.
How to Claim the Record £750 Bonus
To secure this unprecedented offer, prospective customers must meet specific criteria. The bonus is split into two parts. First, new clients can receive £250 by opening a Premier account by 23 February 2026 and switching their main bank account, along with a salary of £100,000 or more, to HSBC using the Current Account Switch Service. This must be completed by 30 April 2026.
The second, larger portion of the incentive requires a £100,000 transfer into HSBC savings or investment products. Customers who move this sum and maintain the balance for a minimum of three months will receive an additional £500 cashback.
Premier Benefits Beyond the Cash Bonus
Becoming an HSBC Premier customer unlocks a suite of premium lifestyle and financial benefits. These are designed to extend far beyond standard banking services.
Key perks include significant discounts with selected partners in dining, retail, and travel. Customers can also apply for the Premier World Elite Mastercard, which provides unlimited airport lounge access and security fast-track services. New cardholders can earn 40,000 reward points by spending £2,000 within the first 90 days.
Health and Global Banking Advantages
The package incorporates substantial health support, featuring digital GP appointments, mental health services, and up to two second medical opinions annually for the customer and their family. A Cancer Bereavement Cover is also included, offering a £2,000 payment under specific conditions for UK residents.
For international needs, Premier account holders gain access to HSBC's best exchange rates through a Global Money Account, which carries no HSBC fees for spending, sending, or receiving money worldwide. The offer concludes on 23 February 2026, giving potential switchers a limited window to act.
