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NEW CUSTOMERS COULD RECEIVE £500 FOR SWITCHING TO HSBC, BUT CERTAIN ELIGIBILITY CRITERIA MUST BE MET TO OPEN AN ACCOUNT. 06:17, 01 Jun 2025 HSBC has launched a £500 bank switch deal for new
customers. New customers could receive £500 for switching to HSBC, but certain eligibility criteria must be met to open an account. The exclusive offer rewards eligible customers with a VIP
shopping experience at Selfridges stores nationwide, including a £500 gift card and additional perks To qualify for the promotion, customers must meet the eligibility criteria of a £100,000
or more salary and complete a full switch to a Premier account through the Current Account Switch Service. READ MORE UK SET TO SIZZLE IN 'GLORIOUS' 27C MINI-HEATWAVE WITH 33
COUNTIES IN ENGLAND HIT The VIP shopping experience at Selfridges, which has a store in Birmingham at the city's Bullring shopping centre, includes the £500 gift card alongside other
exclusive perks as part of the retail package. The bank said the account gives qualifying customers access to new and enhanced benefits focused on key themes of wealth, international, travel
and health. Article continues below Sabine Fichaux, head of customer propositions at HSBC UK, said: “We have redesigned our Premier offering to ensure our perks and benefits echo what our
customers want from a premium bank account, all still without a monthly fee.” The “limited time” switching offer excludes existing HSBC and First Direct current account customers and is
available to UK residents only. Full switches using Cass must be completed by August 12 2025. Eligible customers will be sent an email on or after November 9 2025 to claim their gift card.
Last week, Lloyds Bank launched an account aimed at people with income or assets of more than £100,000. Article continues below Lloyds’ offer of an account combining financial perks with
“premium lifestyle services” is part of its moves to grow its presence in this part of the market. The Lloyds Premier account offers GP and wellbeing services, lifestyle benefits, travel
perks, cashback, discounted mortgage rates and appointments with financial coaches, among its benefits.