HSBC offers new £220 cash bonus for customers switching current accounts (opens original article in a new tab)

HSBC UK launched a £220 cash incentive for customers switching current accounts, requiring specific spending and transfer conditions to qualify.

• HSBC UK offers £220 cash bonus for customers switching current accounts
• New customers must transfer two direct debits, pay in £2,000, and spend £500 on a debit card within 60 days
• Santander's Edge account may provide better annual returns than HSBC's offer