# HSBC UK is sending customers £500 - after an "unfortunate" warning from the bank was issued on Tuesday.

*business · news · 2026-04-14 · Birmingham Live*

## Key points

- HSBC UK has doubled its Premier account switching incentive from £250 to £500.
- The increased incentive responds to economic uncertainty caused by the ongoing Iran conflict.
- To qualify, customers must have a £100,000 salary or maintain £100,000 in savings or investments.
- HSBC leadership warns that prolonged Middle East conflict could globally increase inflation and depress growth.

**Companies:** HSBC
**Countries:** UK, Iran, Lebanon

[Read the full story on Birmingham Live](https://www.birminghammail.co.uk/news/cost-of-living/hsbc-handing-customers-500-after-33767262)

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