HSBC review and offers
HSBC UK is part of HSBC Holdings, one of the world's largest banking groups. The UK arm serves around 14 million personal customers, with a full range of current accounts from the basic Bank Account through to Premier (aimed at higher earners). HSBC and first direct (HSBC's online-only sister bank) share a banking licence, so FSCS protection is shared between them.
Current HSBC offers
HSBC review
Completed the offer? Awesome! Here's our full review on why HSBC could work well for you going forward.
HSBC UK is part of HSBC Holdings, one of the world's largest banking groups. The UK arm serves around 14 million personal customers, with a full range of current accounts from the basic Bank Account through to Premier (aimed at higher earners). HSBC and first direct (HSBC's online-only sister bank) share a banking licence, so FSCS protection is shared between them.
Is HSBC safe?
HSBC UK Bank plc is authorised by the Prudential Regulation Authority and regulated by both the FCA and PRA. Your deposits are protected by the FSCS up to £120,000 per person. HSBC Holdings is one of the largest banks in the world by total assets. Note: HSBC and first direct share a single banking licence, so FSCS cover is shared between the two brands.
Who is HSBC Premier for?
HSBC Premier suits high earners (£100k+ salary) or people with £100k+ in savings or investments. The travel insurance perk alone is worth £100-£200/year for a family, making it useful for frequent travellers. If you don't meet Premier eligibility, HSBC's standard accounts don't currently have a switch offer, so you're better off looking elsewhere.
Top 5 HSBC Premier Features
No Monthly Fee
Premier Bank Account has no monthly account fee, unlike packaged accounts at other banks.
Family Travel Insurance
Worldwide travel insurance covering you and family members up to age 69.
Digital GP Access
Free access to a digital GP service for Premier customers.
Highly Rated App
4.8 stars on iOS (1.6m+ ratings) and 4.7 on Google Play (5m+ ratings).
Global Reach
Access to HSBC accounts in 30+ countries, useful for frequent travellers and expats.
Pros and Cons
Pros
- Premier accounts include free worldwide family travel insurance (up to age 69)
- Digital GP access for Premier customers
- Highly rated mobile app (4.8 iOS, 4.7 Android)
- Large global presence for international banking
Cons
- Hard credit check required when applying
- Premier eligibility requires £100k+ income or savings
- Service rating only 46% great in latest CMA survey
- Can't qualify if you've held HSBC or first direct since 1 Jan 2025
Chris's Verdict
HSBC Premier's £500 switch bonus is one of the biggest on the market right now, but it's locked behind a high earner gate: you need either a £100k+ salary or £100k+ in savings/investments with HSBC. If you qualify, the offer is solid. The Premier perks (worldwide family travel insurance, digital GP) are genuinely useful and would cost real money if bought separately. The 70-day payout is slower than most switch offers. Worth doing if you're eligible and don't already bank with HSBC or first direct.
HSBC FAQs
Does HSBC have any Quidsy offers right now?
Yes. Quidsy currently lists 1 HSBC offer above, each with its own step-by-step guide.
Who is HSBC Premier for?
HSBC Premier suits high earners (£100k+ salary) or people with £100k+ in savings or investments. The travel insurance perk alone is worth £100-£200/year for a family, making it useful for frequent travellers. If you don't meet Premier eligibility, HSBC's standard accounts don't currently have a switch offer, so you're better off looking elsewhere.
Compare with similar merchants
Start earning with HSBC
£500 Free Cash is the strongest live HSBC route we have listed right now.