New FREE cash deal could see £170 land in your bank account – here’s how to claim

PEOPLE in need of extra cash can nab £170 FREE as part of a new deal which launched yesterday, May 9.

Some banks offer people a one off payment as thanks for becoming a customer, and HSBC has launched a new deal with the highest incentive on the market.

As the cost of living crisis continues to chomp into people's wages, many are left trying to make ends meet for essentials like food bills.

But a new bank offer which launched yesterday, May 9, could help some cash-strapped households out.

Those who move to a HSBC Advance account will get £170 free cash simply for switching.

Though not everyone can claim the reward - here's what you need to know.

How to get the bonus

If you've had a HSBC current account, or opened one with First Direct after January 2019, you won't be able to grab the free cash.

Those who haven't been with HSBC will need to open an account and start a switch in the first 30 days using the Current Account Switch Service.

Note, you have to pay in £1,500 within 60 days and move at least two or more direct debits or standing orders across.

Account specifics

Only those who are 18 or over, living in the UK, and who qualify for an optional arranged overdraft of at least £1,000 can apply for an Advance Account.