Top bank accounts with freebies for switching

Perks for switching your bank account! www.moneysavingexpert.com highlights three banks with a great incentive to switch to them. Sign up for their weekly email for regular updates on how to save money or click here to view.



HSBC Advance*


Free £125, plus access to a 1% regular saver

  • To get bonus: Apply and start a switch within 30 days, including at least two direct debits or standing orders

  • Minimum monthly pay-in: £1,750 to keep the account open (or £10,500 every six months – equates to a £25,600 annual salary)

  • In-credit interest: None

  • Who's eligible for offer: Anyone who's not had an HSBC current account (or opened a First Direct or M&S Bank current account – they're part of the same group) since 1 Jan 2018 and meets switching criteria

  • When bonus is paid: Within 20 days of switch completing

  • Does it have full FSCS savings protection? Yes, but it's shared with First Direct

For more information and how to apply click here



First Direct*


Free £100, plus GREAT service and access to a 1% regular saver


  • To get bonus: Apply, switch and pay in £1,000+ within three months

  • Minimum monthly pay-in: None

  • In-credit interest: None

  • Who's eligible for offer: Anyone who's not had any account with First Direct before (or opened an HSBC or M&S Bank current account since 1 Jan 2018 – they're part of the same group) and meets switching criteria

  • When bonus is paid: Within 28 days of meeting criteria

  • Does it have full FSCS savings protection? Yes, but it's shared with HSBC

For more information and how to apply click here



Virgin Money*


Get 12 free bottles from Virgin Wines (valued at £138) + £50 for charity when you switch, plus 2.02% interest on up to £1,000


  • To get bonus: Apply for account online, then within 31 days – complete a switch (including at least two direct debits), download and register for the mobile banking app, and add £1,000 to the linked savings account (and keep it there until you get your Virgin Wines code) Minimum monthly pay-in: None

  • In-credit interest: 2.02% AER variable on up to £1,000

  • Who's eligible for offer: New customers switching to Virgin Money

  • When bonus is paid: You'll get an email with your Virgin Wines code and details of how to redeem the offer within 14 days of fulfilling the criteria above

  • Does it have full FSCS savings protection? Yes, but it's shared with Clydesdale Bank and Yorkshire Bank

For more information and how to apply click here


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