Switching To HSBC

The Current Account Switch Service is a simple, stress-free way to switch your current account to us in just 7 working days.

If your bank isn’t part of the Current Account Switch Service, we’ll help you manually switch and we’ll contact your current bank for you at no extra cost.

Our current accounts offer a range of great benefits including:

Get £200 cashback when you switch to HSBC, pay in at least £1,750 a month, register for online banking and complete at least one of the following transactions: make a debit card payment, set up a direct debit or set up a bill payment within 90 days

Terms and conditions apply.
No monthly account fees
Island Privileges rewards programme for Premier and Advance customers
Exclusive privileges for Jade customers

Find out more about our range of current accounts

How the Current Account Switch Service works

If your bank is part of the Current Account Switch Service you’ll be able to choose a date to switch at least 7 working days after your account with us is open.

You can still use your old account right up until your switch date. Once this process has started, only certain elements can be cancelled.

For example, your Direct Debit and standing orders going out, and those coming in, for example, your salary. If any of these were set up by a third party (like your employer), you’ll need to tell them your new account details.

We'll contact you to let you know that the process is complete. We’ll arrange for any payments accidentally made to your old account to be automatically redirected to your new account.

Ready to switch

Find the current account that’s right for you:

Apply for a current account

Book an appointment to apply by phone or in branch:

03456 00 61 61

If you can’t visit a branch, you can start your application over the phone with a member of our branch staff. To complete your application, you’ll need to provide your documentation by post or drop it in to a branch.

Current Account Switch Guarantee

As your new current account provider we offer the following guarantee:

The service is free to use and you can choose and agree your switch date with us
We’ll take care of moving all your payments going out and those coming in
If you have money in your old account, we’ll transfer it to your new account on your switch date
Any payments accidentally made to your old account will be redirected to your new account. We’ll contact the sender and give them your new account details
If there are any issues in making the switch, we’ll contact you before your switch date
If something goes wrong, we’ll refund any interest (paid or lost) and charges on your old or new accounts, as soon as we’re told.

Not all banks in the Channel Islands and Isle of Man offer the Current Account Switching Service. Please check whether your existing bank supports the service.

Switching out of HSBC into another UK, Channel Islands or Isle of Man based financial institution?

We’ll send a list of your Direct Debits and standing orders to your new bank within 5 working days. We’ll transfer out the balance and close the account on the switch date agreed with your new bank.

Switching out to an EU based financial institution?

We’ll share a list of active Direct Debit, standing order and regular credits from your existing account over the last 13 months. At your request, we’ll transfer any balance remaining and close the account.

Switching To HSBC

£200 welcome bonus when you switch

Island life just got more rewarding

Eligibility and T&Cs apply. Offer ends 31 March 2022.