HSBC 'doubles' free cash offer to £500 'from today' even if you've already applied

HSBC 'doubles' free cash offer to £500 'from today' even if you've already appliedAnyone who has already applied will also get the higher paymentCommentsMoneySteven Smith Content Editor11:02, 14 Apr 2026View 3 ImagesHSBC is doubling its bonus(Image: Mike Kemp, In Pictures via Getty Images)HSBC UK has announced today that it is increasing its Premier switching incentive to £500, doubling its previous offer. It said eligible customers can receive £500 cashback when they switch their current account to an HSBC Premier Bank Account using the Current Account Switch Service (CASS) and meet the account eligibility criteria.‌Those customers who applied under the previous £250 cashback offer, which launched in March, will also receive the full £500. Customers can qualify for the reward by paying in an annual personal salary of £100,000 or more, or by opening a Premier account and maintaining £100,000 or more in savings and investments with HSBC UK.‌Carl Watchorn, head of Premier Banking at HSBC UK, said: “HSBC Premier is designed to deliver meaningful, long-term value for our customers. By increasing our switching incentive to £500, we’re making it even more rewarding to experience the full benefits of Premier from day one, alongside ongoing support to help customers manage, grow and protect their wealth.”‌HSBC said the enhanced offer "forms part of HSBC UK’s wider focus on supporting customers in building financial resilience and growing their wealth". The bank has also recently introduced an ISA incentive designed to encourage savers to maximise their annual tax-free allowance.View 3 ImagesCriteria needs to be met(Image: James Wagner via Getty Images)Together, these offers mean new customers could now earn up to £1,000 in cashback by combining both incentives. Premier customers also benefit from a range of exclusive features, including a range of health benefits and services, provided by Square Health, and access to digital GP appointment...