HSBC is giving up to £750 free cash to customers with a minimum salary of £100,000 who open an eligible account by a February deadline.
The bank is offering a £250 reward to customers who open a HSBC Premier account by February 23, 2026, and will also pay a separate £500 bonus on top to those who transfer £100,000 of savings or investments, and maintain the balance for three months. HSBC’s Premier account is only available to high earners with a salary of £100,000 or more and it comes with an array of extra benefits, including worldwide family travel insurance up to age 69, access to a range of health benefits, global discounts, travel benefits and lifestyle offers.
This account also allows you to transfer cash fee-free between different HSBC accounts held in different countries, as well as access to discounts on other products, like HSBC mortgages.
You can apply for a HSBC Premier account if you meet at least one of the following criteria:
You have savings or investments of at least £100,000 with HSBC in the UK
You already qualify for HSBC Premier in another country.
You must allow at least 10 days for your switch to complete using the Current Account Switch Service and the £250 cash bonus will be paid within 70 days of meeting the criteria.
HSBC said: “Everything’s Premier when you get up to £750. Open a Premier account by 23 Feb 2026, and by 30 Apr 2026 switch your bank account and salary of £100k+ using the Current Account Switch Service for £250; and / or transfer £100k+ of savings / investments, and maintain your balance for 3 months for £500. Offer ends 23 Feb 2026.
“Cashback paid within 70 days of meeting criteria. Excludes existing HSBC UK and first direct current account customers, and those who have received an HSBC UK joining incentive since 1 Jan 2025. UK residents only.”
You must be a UK resident aged 18 or older to open an account, provide proof of identity and address, plus one month’s bank statements from your current bank.
New customers qualifying via savings or investments, or individual annual income, have six months to meet the criteria, and existing customers must meet the criteria prior to being upgraded to Premier.
