Confirmed via HSBC's own T&Cs (as quoted on the MoneySavingExpert forum): "Complete a full CASS switch which includes at least 2 direct debits." Also requires a £2,000 deposit within 60 days of opening. Not available if you've held an HSBC or First Direct account since 1 January 2023.
£220 cash
2+ active Direct Debits, moved or set up as part of your switch.
Ongoing — no announced end date
2026-08-28 — always confirm on HSBC's own switch offer page, as terms change.