HSBC Premier clamp down on existing customers
Just had an email for updated terms coming for the HSBC premier account which will be disappointing if they implement as described:
Changes to your Premier Account
We're changing the rules on who can qualify for the HSBC Premier Bank Account. These new rules have been in place since last September for new customers, and from 9 April 2025 they will apply to all Premier customers.
You'll still be able to enjoy all the benefits of your HSBC Premier Bank Account as long as you meet one of the following eligibility requirements:
- Have savings or investments totalling £100,000 or more with HSBC UK. This doesn't include any balances you hold with M&S Bank, first direct or HSBC Expat.
- Have an annual personal income of £100,000 or more coming into your Premier Account. For joint account holders, at least one of you must meet this requirement.
- Already have a HSBC Premier Bank Account in another country.|
If you don't currently meet these requirements, don't worry there's nothing for you to do right now. We'll get back in touch with you about your account if these changes impact you.
Shame about the second point of more than 100k coming into your account as I imagine many SalSac below this figure