HSBC UK has rolled out a significant new cashback promotion designed to draw affluent clients to its premium banking tier. The bank is offering prospective HSBC Premier customers the chance to earn up to £750 in cashback through a targeted 'bring more, get more' scheme.
How the HSBC Premier cashback scheme works
The incentive is split into two clear components, rewarding customers for consolidating both their income and their savings or investments with the bank. New clients can secure £250 by switching a salary of £100,000 or more per annum into a new Premier Account.
An additional £500 is available for transferring £100,000 or more in savings or investments to HSBC. Customers who meet both of these conditions are eligible for the full £750 cashback payout.
Key dates and qualification criteria
To qualify for the salary element, individuals must complete a full current account switch using the official Current Account Switch Service (CASS). The main monthly salary must be paid directly from an employer into the HSBC Premier Account.
For the savings portion, the £100,000 or more must be deposited and maintained with HSBC for a minimum of three months. The promotional window for initiating the move is between January 5 and February 23, 2026, with all criteria required to be met by April 30, 2026.
Successful applicants will receive their cashback paid directly into their Premier account within 70 days of fulfilling the terms.
Broader benefits and bank investment
Carl Watchorn, head of Premier proposition at HSBC UK, commented on the offer: "This offer is our way of rewarding new customers who choose to bring their finances together with us."
Beyond the upfront cash incentive, HSBC Premier account holders gain access to a suite of premium benefits. These typically include comprehensive travel insurance, health and wellness perks, alongside preferential rates on foreign exchange and international payments.
In related news, HSBC also confirmed a 30 per cent increase in investment for its UK branch network next year. The bank has committed £55.8 million in 2026, up from £42 million in 2025, for refurbishing and modernising its locations.
This funding commitment follows a pledge of no new branch closures until the end of this year. HSBC UK reported robust branch usage, with 825,000 customers visiting monthly and over two million transactions processed via in-branch self-service machines.
