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Customers who switch their main account to an HSBC Advance Bank Account through either site will receive £175 cashback for switching.

Key features of the deal:

• £175 cashback for switching your main account to HSBC Advance via money.co.uk or Uswitch

• No monthly account fee

• Access to exclusive discounts and offers through the Advance members' portal

• 2.75% AER/Gross with HSBC's Regular Saver (T&Cs apply)

• Offer ends on 8 March 2020

Commenting on the deal, Salman Haqqi, personal finance expert at money.co.uk, said: "New year, a new decade and a new bank account? If you have been with your current bank account for a few years and can not remember the last time your loyalty was rewarded, then it's time for a change.

"Many high street banks are literally giving away money to join them as a new customer by switching your account.

"The current deal from HSBC Advance Bank Account, which gives new customers a £175 bonus if they switch via money.co.uk or Uswitch, is a great example of cashing in by switching your current account.

"In addition, the Current Account Switch Service makes everything super quick and easy. You can rest assured that moving your account will be hassle-free, as your new bank does all the hard work for you. All you need to do is choose the date you want to switch, and your direct debits and standing orders, as well as all of your incoming payments, will be transferred automatically from that date. "As always, though, I would encourage you to ensure that you're eligible for an account before applying. It's also a good idea to do your homework and shop around to make sure that the account you choose suits your needs."

Press@money.co.uk