Can you enjoy a complimentary £500 shopping spree at Selfridges, solely by holding an HSBC account?
Wealthy customers are being lured to HSBC with an enticing switching deal for its Premier Account, offering a £500 Selfridges voucher and a VIP shopping experience instead of a traditional cash incentive. To qualify, one must have a salary of £100,000 paid directly by employers via BACS and complete the switch through the Current Account Switch Service (CASS) by August 12.
The offer is part of HSBC's renewed focus on attracting affluent clients, with the bank emphasizing that the Premier Account aims to cater to the demands of high-end customers. To receive the voucher, new customers must maintain their minimum salary and at least two direct debits until October 31. Those eligible for the switching deal will receive an email to claim the Selfridges voucher on November 9.
The four Selfridges UK stores in London, Birmingham, Manchester Trafford, and Manchester Exchange Square are offering VIP experiences for those who switch accounts. The experience includes access to the Selfridges Lounge, a complimentary drink, and the £500 voucher. Alternatively, customers may chose to take the voucher without the shopping experience.
HSBC's Premier Account has no monthly fee and comes with perks such as GP appointments, free worldwide travel insurance, referential rates on foreign exchange, and wealth management advice. Customers can access online health services through a new HSBC Health app, including digital GP appointments, remote physiotherapy, and mental health support.
The bank's travel perks include free worldwide family travel insurance, with cover for dependents traveling up to age 23, as well as preferential rates on foreign exchange and international payments. HSBC Premier customers can also receive financial advice and preferential rates on savings and mortgages.
Recent months have seen an increase in banks offering premium current accounts to wealthy customers. Last week, Lloyds Bank launched its own premier account geared towards customers with an income, savings, or investments of at least £100,000 and offering various financial and lifestyle benefits. Similarly, Barclays, NatWest, and Santander offer premium services catering to high-net-worth individuals.
- HSBC's Premier Account, designed for high-end customers, offers financial benefits such as free worldwide travel insurance, preferential rates on savings and mortgages, and wealth management advice.
- For those who switch to HSBC's Premier Account, there's an option to receive a Selfridges voucher worth £500 and a VIP shopping experience.
- In addition to banking services, HSBC Premier customers can access online health services through the HSBC Health app, which includes digital GP appointments, remote physiotherapy, and mental health support.
- The competition among banks for wealthy customers is intensifying, with Lloyds Bank, Barclays, NatWest, and Santander also offering premium services and benefits to high-net-worth individuals.
