HSBC is a people’s bank and helps millions of Britons meet their savings goals every year. In a delicate interest rate environment, many people do not feel motivated to save because the returns are not favorable. However, banks are still fond of tailor-made and competition is increasing over who can appeal to savers.
A saver must also be able to provide proof of his address for the past three years, details of employment and details of his income.
Individuals should be entitled to an arranged overdraft of £ 1,000, but are not required to have one if they do not wish to.
Importantly, however, depending on the terms of the account, Brits are required to pay £ 1,750 or more every month, or at least £ 10,500 every six months.
To claim the reward, Brits will first need to open an HSBC Advance account as a new customer.
“People have more possibilities to go from back gardens to pub gardens, to go from FaceTime to face-to-face time.
“Instead of staying local, people can enjoy the country more and some of the wonderful experiences it has to offer.
“Our checking account offering will provide people who switch to our Advance and Premier checking accounts with £ 125 in cash to help them get through what has been a difficult year and a half and celebrate the arrival of summer.”