Best UK Premier Bank Accounts Ranked (NatWest vs HSBC vs Barclays vs Lloyds)

In this episode of Banking Without Borders we compare the UK’s major Premier or “status” bank accounts from the big four high street banks: NatWest, HSBC, Barclays and Lloyds.

These accounts typically require £75k–£100k income or £100k+ in savings or investments, and are marketed toward high earners and high-net-worth customers.

But are they actually worth it?

We break down what each account really offers — including travel insurance, concierge services, cashback, lounge access, airline rewards and international banking features — and rank them from weakest to strongest.

Some accounts rely on paid add-ons, others bundle benefits into the base account, and one stands out for offering global banking infrastructure and meaningful perks without a monthly fee.

In this episode we cover:

• Lloyds Premier
 • Barclays Premier
 • NatWest Premier
 • HSBC Premier

We explain the true cost, real benefits and who each account is actually for, so you can decide whether these “status accounts” are genuinely valuable — or mostly marketing.

Check out our website DepositScout.com for the latest savings rates. 

Connect with us (via LinkedIn)

Jan: https://www.linkedin.com/in/jan-watermann/

Jonny: http://www.linkedin.com/in/jonny-pease

Got a question or topic you want us to cover? Drop us a message at jonny@technicallymoney.com

Transcript

00:00:00:01 - 00:00:15:10
Unknown
Okay. Welcome back to another episode of Banking Without Borders. Today we're looking at status accounts from the big four high street banks, including NatWest, HSBC, Barclays and Lloyds. And these accounts typically require income of 75,000 to 100,000 to qualify, or substantial savings and investments.

00:00:15:10 - 00:00:21:11
Unknown
They offer preferential rates, travel insurance, cash back. You know, you got lounge access, of course you've got concierge services.

00:00:21:11 - 00:00:27:10
Unknown
And in the case of one of these accounts and arguably the best, you also get some great international banking features.

00:00:27:10 - 00:00:40:14
Unknown
Now we've structured the episode in order of weakest to strongest. Of course this is our opinion and yours may differ. So please, if you're watching this on YouTube then feel free to comment below if you agree or disagree with our ranking or anything in this episode, because it's it's always great to hear from you.

00:00:40:16 - 00:00:43:16
Unknown
yes, we've got a we've got a bit of a ranking going on here

00:00:43:16 - 00:00:44:06
Unknown
and. Yeah. And I think

00:00:44:06 - 00:00:48:12
Unknown
we should begin obviously with our weakest and in this case

00:00:48:17 - 00:00:49:21
Unknown
Lloyds Premier.

00:00:49:23 - 00:00:53:15
Unknown
Do I need. Absolutely. Maybe to the switching bonuses to highlight even

00:00:53:17 - 00:00:55:14
Unknown
I've got.

00:00:55:16 - 00:00:59:18
Unknown
looking at these four accounts in my opinion. The Lloyds Premier account is the worst.

00:00:59:19 - 00:01:00:02
Unknown
Okay.

00:01:00:04 - 00:01:01:14
Unknown
few few different facts.

00:01:01:16 - 00:01:03:18
Unknown
even open that account, to go to hold, at least

00:01:03:18 - 00:01:11:13
Unknown
100,000 pounds in assets that could be savings or investment with Lloyds, or you need to pay in 5,000 pounds per month.

00:01:11:13 - 00:01:16:21
Unknown
If you don't do that, you still get the account, but you got to pay 15 pounds per month as a fee.

00:01:16:21 - 00:01:20:23
Unknown
I think the majority of the value, comes from from a health subscription.

00:01:20:23 - 00:01:28:05
Unknown
Bupa digital family, general practitioner and wellbeing subscription. That's worth 600 pounds a year.

00:01:28:07 - 00:01:37:11
Unknown
It's basically an online subscription that lets you, that lets you. Yeah, access remote health consultations. Did I get that right?

00:01:37:12 - 00:01:48:22
Unknown
I mean, yeah, yeah, I think this is I think this is immediately like a red flag, isn't it? Like you're getting these health services from Bupa, but we're talking about like physiotherapy

00:01:48:22 - 00:01:55:02
Unknown
that's remote about I personally would prefer my physiotherapy face to face.

00:01:55:05 - 00:01:58:19
Unknown
Mental health support is also remote. You get up to 14 counseling sessions each year.

00:01:58:19 - 00:02:06:23
Unknown
That's pretty awesome. But it's also remote and look better health, for example. Sorry, is it better health is better help, sorry better help, for example, is an online,

00:02:07:01 - 00:02:08:09
Unknown
therapy platform?

00:02:08:12 - 00:02:15:10
Unknown
And that seems to have succeeded massively. So this must work for some people. Yeah. But personally, when it comes to mental health support or counseling, I'd rather do that face to face.

00:02:15:12 - 00:02:19:02
Unknown
But yes, but this is all digital. I think that's an important thing to note.

00:02:19:04 - 00:02:21:15
Unknown
So the customers data. But let's, let's

00:02:21:18 - 00:02:25:20
Unknown
wow. Okay, interesting.

00:02:26:01 - 00:02:28:15
Unknown
not recommend them on this podcast journey.

00:02:28:17 - 00:02:35:15
Unknown
Well, I wasn't recommending them. I would say I wasn't recommending them. I simply just said they've thrived in the world of digital counseling.

00:02:35:18 - 00:02:37:17
Unknown
surely thrived. Yeah. Absolutely. Right.

00:02:37:17 - 00:02:42:14
Unknown
Yeah. So what? This doesn't include this doesn't include prescriptions. This doesn't include,

00:02:42:14 - 00:02:44:01
Unknown
Yeah.

00:02:44:03 - 00:02:46:12
Unknown
of maternity care

00:02:46:14 - 00:02:47:07
Unknown
vaccinations.

00:02:47:07 - 00:02:49:03
Unknown
it's remote consultations. That's what it is,

00:02:49:03 - 00:02:51:23
Unknown
I've never used this kind of any any kind of service like that.

00:02:51:23 - 00:02:57:14
Unknown
I've never had a remote consultation with a doctor. If I need to go to the doctor, find one, down the street.

00:02:57:14 - 00:03:02:17
Unknown
And I visit them in person. And I think that's how most people do it.

00:03:02:19 - 00:03:03:02
Unknown
Yeah.

00:03:03:06 - 00:03:05:15
Unknown
I barely see the sense in this personally.

00:03:05:15 - 00:03:11:06
Unknown
you know, as a package as a whole it could look quite compelling because there's also 1% cashback available in this account.

00:03:11:06 - 00:03:13:23
Unknown
On most debit card spending, which is capped at 10 pounds per month.

00:03:13:23 - 00:03:17:03
Unknown
You get an annual lifestyle benefit as well. That's the classic club.

00:03:17:03 - 00:03:22:09
Unknown
Lloyds Lifestyle benefit that's available right now includes that includes 12 months of Disney Plus.

00:03:22:09 - 00:03:31:15
Unknown
The ad tier, says, you know, like the cheapest tier available. You get six or sorry, or you can have six cinema tickets

00:03:31:17 - 00:03:40:04
Unknown
or a coffee club and gourmet society membership, which is worth 35 pounds per year. That could include discounted, restaurants or cinema tickets.

00:03:40:04 - 00:03:47:14
Unknown
And there's also a potential mag and magazine subscription, if you like, which could be like Men's Health delivered to your door. So there's a little bit of value starting to build up there.

00:03:47:14 - 00:03:48:23
Unknown
ultimately for free.

00:03:48:23 - 00:03:54:06
Unknown
Although, yeah, I think it's important that we know I think we should all note this, these accounts might be free if you,

00:03:54:07 - 00:03:56:13
Unknown
know, willing to deposit a large sum of money into the

00:03:56:13 - 00:03:59:14
Unknown
Lloyds, Barclays, NatWest or HSBC bank accounts.

00:03:59:17 - 00:04:01:17
Unknown
But you are doing them a huge favor, right.

00:04:01:17 - 00:04:14:21
Unknown
you're giving them a large sum of money that they can then go and reinvest or earn interest on. So although this is free, you're ultimately doing a lot for them and you deserve a lot in return. And so far with this Lloyds account, I don't see the value.

00:04:15:00 - 00:04:19:06
Unknown
You are doing a lot for them. And in that context, these benefits definitely seem underwhelming.

00:04:19:08 - 00:04:23:03
Unknown
And they're giving us anything else buddy. Is there anything else? Come on, there must be something else.

00:04:23:07 - 00:04:30:03
Unknown
get interest on balances up to 5,000 pounds. But that requires two direct debits per month.

00:04:30:03 - 00:04:32:08
Unknown
Oh, wow. And what's the percentage?

00:04:32:09 - 00:04:37:23
Unknown
I mean, it's not just, you know, the interest rates. It's between one and a half and 3%.

00:04:37:23 - 00:04:40:05
Unknown
All right, but only up to 5,000 pounds.

00:04:40:07 - 00:04:45:11
Unknown
And that's on current account balances. So they're unlocking current account interest as a result of two direct debits.

00:04:45:11 - 00:04:59:12
Unknown
And and you depositing potentially 100,000 pounds or 5000 pounds a month in income.

00:04:59:14 - 00:05:14:10
Unknown
if you have a quick look at deposits, got, these interest rates at Lloyds are providing here. There but subpar. They're, they're, they're not good at all. I mean, you can get easy access, interest rates of. Yeah, easily 1 to 1.5% more.

00:05:14:12 - 00:05:20:08
Unknown
Right now. And it's. Yeah, I can hardly grasp this. I can hardly grasp is how this is interesting for some people,

00:05:20:08 - 00:05:25:09
Unknown
yeah. I mean, look, the total value estimated by Lloyds for this account is 876 pounds annually.

00:05:25:09 - 00:05:28:20
Unknown
compared to the other accounts we're going to talk about today. Yeah. And there's no airport lounge access.

00:05:28:22 - 00:05:37:12
Unknown
There's no bundled travel insurance, there's no airline rewards. There's no international banking infrastructure, that this is essentially an account that's offering cashback.

00:05:37:14 - 00:05:42:07
Unknown
Disney Plus.

00:05:42:09 - 00:05:48:12
Unknown
That's and there's about it really. There's some free perks. And this is apparently premium banking.

00:05:48:12 - 00:05:49:19
Unknown
Maybe Barclays Premier

00:05:49:22 - 00:05:51:18
Unknown
can, help.

00:05:51:20 - 00:05:52:16
Unknown
if Barclays

00:05:52:16 - 00:05:54:10
Unknown
get a really nice switching bonus. That's

00:05:54:11 - 00:05:55:03
Unknown
Yeah.

00:05:55:05 - 00:05:57:23
Unknown
we can start it. You get 400 pounds as a switch bonus.

00:05:57:23 - 00:06:02:08
Unknown
Plus 600 pounds potentially, if you, if you transfer your, your eyes to

00:06:02:10 - 00:06:04:03
Unknown
Yeah, yeah,

00:06:04:05 - 00:06:05:07
Unknown
pounds if I'm not wrong.

00:06:05:09 - 00:06:08:05
Unknown
So up to 1,000 pounds of,

00:06:08:07 - 00:06:13:12
Unknown
I'll make sure to update. Deposit scout.com/switch. Hyphen offers. So I'll put a link in the description box

00:06:13:12 - 00:06:17:13
Unknown
so you can learn everything there is to know about these switch offers across all of these accounts that offer them.

00:06:17:13 - 00:06:21:02
Unknown
I'll put them in the description box with more details because you could like.

00:06:21:02 - 00:06:26:08
Unknown
Yeah, I just said get up to 1,000 pounds for switching to this account. Sorry, buddy. Carry on. Sorry.

00:06:26:10 - 00:06:33:06
Unknown
That's a lot. Yeah. In order to qualify, you need to, either receive 75,000 pounds in gross annual income,

00:06:33:08 - 00:06:37:23
Unknown
or have 100,000 pounds of savings slash investments with Barclays.

00:06:37:23 - 00:06:44:19
Unknown
That's the lowest income threshold from from all four. If you look at the, the the annual income alone, it's still quite a lot.

00:06:44:20 - 00:06:47:23
Unknown
I don't know how many people in the UK earn, 75 K and above.

00:06:47:23 - 00:06:48:19
Unknown
If you qualify,

00:06:48:19 - 00:06:49:14
Unknown
you get a basic account,

00:06:49:14 - 00:06:53:06
Unknown
and it gives you, Apple TV plus without at this time.

00:06:53:06 - 00:06:54:17
Unknown
And that's worth 10 pounds a month.

00:06:54:17 - 00:06:58:04
Unknown
Pretty nice. You got to get better mortgage and and interest options.

00:06:58:04 - 00:07:01:03
Unknown
And something that they call premium support, which is,

00:07:01:03 - 00:07:05:06
Unknown
Better availability in case you need a need to reach someone if something goes wrong on your end.

00:07:05:06 - 00:07:09:09
Unknown
And I think. Yeah. Where this accounts really get, get gets interesting.

00:07:09:09 - 00:07:13:06
Unknown
Johnny is, probably with these add ons that Barclays offers. Right?

00:07:13:06 - 00:07:24:02
Unknown
Yeah. This is where the value lies. I'm afraid to say that at this point, you know? You know, you're not being charged for this account. Obviously, you are giving them a large sum of money, but at this point, it's still a little bit weak.

00:07:24:04 - 00:07:29:21
Unknown
But when you. Yeah, when you look at the Barclays Avios rewards bolt on that's available with this account,

00:07:29:23 - 00:07:31:14
Unknown
things do start to get quite interesting.

00:07:31:14 - 00:07:33:21
Unknown
you can get 25,000 Avios points.

00:07:33:21 - 00:07:34:21
Unknown
As a welcome bonus.

00:07:34:21 - 00:07:36:20
Unknown
have to switch via the current account switching service,

00:07:36:22 - 00:07:42:06
Unknown
that's really compelling straight away. That's going to cost you 12 pounds per month. It's not a contract though, so you can get out if you wish.

00:07:42:06 - 00:07:43:18
Unknown
There's a 7000

00:07:43:18 - 00:07:56:06
Unknown
Avios point anniversary bonus as well. Yeah, and with that, that's nice. If you complete the anniversary, the 12 months, and you're also getting a recurring 1500 Avios points per month, which could be 18,000 a year.

00:07:56:08 - 00:07:57:15
Unknown
So if we tally that up,

00:07:57:17 - 00:08:06:17
Unknown
we put the welcome bonus, the anniversary bonus, the recurring reward, 1500, points per month. It's 50,000 Avios points in that first year.

00:08:06:20 - 00:08:10:05
Unknown
probably the cheapest way to actually purchase Avios.

00:08:10:07 - 00:08:12:13
Unknown
this first year you're getting three Avios per penny.

00:08:12:13 - 00:08:12:18
Unknown


00:08:12:18 - 00:08:13:11
Unknown
Yeah.

00:08:13:13 - 00:08:15:05
Unknown
Avios per penny starting year two.

00:08:15:05 - 00:08:19:13
Unknown
And that's the cheapest way to purchase Avios.

00:08:19:15 - 00:08:30:01
Unknown
typically, therefore, save for the round point five Avios, 2.6 of yours per penny, when British Airways just, just just sells them on their website.

00:08:30:01 - 00:08:35:02
Unknown
then they have a period, some time so it can get up to one of us per penny.

00:08:35:04 - 00:08:40:02
Unknown
So this is an excellent way, to obtain Avios. If you if you really have to buy them.

00:08:40:02 - 00:08:51:15
Unknown
Would I recommend everyone to buy a Avios? Using a service? No. Probably not. Only if you're a British Airways, frequent flier or your Qatar Airways, frequent flier or Iberia or,

00:08:51:17 - 00:08:56:03
Unknown
Finnair, Cathay Pacific, these airlines that use Avios.

00:08:56:05 - 00:09:02:14
Unknown
want to redeem these Avios for flights on these airlines, then this can be an excellent way to travel for, for an affordable price.

00:09:02:15 - 00:09:20:02
Unknown
should probably mention I didn't say this earlier, but that 7000 bonus like anniversary reward. Yeah. And you can instead have, have a cabin upgrade voucher which could be really quite compelling. I think that would enable you to upgrade from premium economy to say, Club World or Business.

00:09:20:04 - 00:09:27:06
Unknown
I like that about it too. And again, that reiterates the whole idea though, that you've got to be someone that's invested in the BA ecosystem to make that worthwhile.

00:09:27:06 - 00:09:32:15
Unknown
But you can immediately see. Right. Yeah. And if you're not interested in this, it's a hard stop, isn't it.

00:09:32:15 - 00:09:43:15
Unknown
It's it's probably not for someone historically, this account would have been quite compelling for someone who might not be interested in Avios because you could bolt on the Travel plus pack the Barclays offer.

00:09:43:15 - 00:09:52:04
Unknown
Now this gives you a protection layer includes multi trip travel insurance. It includes RAC breakdown. That's really comprehensive. You get personal breakdown cover.

00:09:52:06 - 00:09:56:13
Unknown
And it also I think includes small business vehicles as well, which is quite unique.

00:09:56:13 - 00:10:02:10
Unknown
There are lounge visits also available. Lounge passes I should say with the travel plus pack.

00:10:02:10 - 00:10:16:20
Unknown
Although that's, that's a bit shit. Excuse my French yen. But they actually, with those lounge passes, you have to pre-book and pre-booking cost money. You could run the risk of trying to show up, but typically you're made to pre-book.

00:10:16:20 - 00:10:23:05
Unknown
So although these lounge passes are included in this Travel Plus pack at the cost of 22.50 pound per month, I should mention

00:10:23:05 - 00:10:34:17
Unknown
you may have to pay an extra 6 pounds per visit, so, six lounge visits. Yeah, so that could be an additional 36 pounds. On top.

00:10:34:19 - 00:10:41:21
Unknown
But yeah, historically having this bolt on made this account quite interesting, but it is gradually deteriorated in quality,

00:10:41:22 - 00:10:45:17
Unknown
it's gone up from 22.50 pounds per month in April. It's going up to 26 pounds per month.

00:10:45:17 - 00:10:46:07
Unknown
This bolt on.

00:10:46:07 - 00:10:56:05
Unknown
And look with those lounge passes as well, I don't see how that's going to make this Barclays Premier account more compelling. And I think the big sell here is this Avios rewards system.

00:10:56:05 - 00:10:58:09
Unknown
So NatWest Premier,

00:10:58:09 - 00:11:07:03
Unknown
we gave this account second, because it is really rich in value, isn't it, buddy? There's a lot there's a lot to be said about this account.

00:11:07:05 - 00:11:12:18
Unknown
Premier select is free. That's what you, you get if you just, just. Yeah. Meet one of the criteria

00:11:12:20 - 00:11:19:10
Unknown
basically waives international transaction fees. Gives you, 500 pounds of interest free overdraft buffer.

00:11:19:12 - 00:11:20:23
Unknown
I doubt that you need that

00:11:20:23 - 00:11:24:22
Unknown
Yeah, yeah.

00:11:25:00 - 00:11:48:15
Unknown
And then you can also get a, a dedicated phone line. Premier 24, they call it, which is, 24 seven. Yeah. Support, essentially. And you get the chance to book a time of, of of a premier banking manager to discuss your, your investment needs. Or I guess, net worth is primarily trying to advertise their product, trying to sell you, investment vehicles, investment services, these kind of things.

00:11:48:17 - 00:11:52:01
Unknown
It feels like that, doesn't it? Feels like a bit of a funnel. Yeah,

00:11:52:01 - 00:12:05:22
Unknown
Premier reward the next tier is 2 pounds per month. For that. You obviously get everything that select includes, and on top of that you get a 9 pound per month reward for having two direct debits and 1 pound per month for logging into the app.

00:12:06:00 - 00:12:19:17
Unknown
It's just so funny that that's they're paying people to log in to the app. That is classic legacy, isn't it? Classic high street bank desperate to convert people over to like digitization. You also get 1% or more cashback at partner retailers.

00:12:19:17 - 00:12:24:18
Unknown
It's quite difficult to lock down these real specifics, but I believe you might get access to a premier manager

00:12:24:18 - 00:12:27:10
Unknown
on your time, rather than like, booking in advance.

00:12:27:13 - 00:12:34:18
Unknown
When you go through all of the like different benefits out loud, you know, you just start to realize how convoluted this whole system is.

00:12:34:21 - 00:12:40:19
Unknown
But the big the big player here is Premier reward black, right, buddy? For 36 pounds per month.

00:12:40:21 - 00:12:41:06
Unknown
you,

00:12:41:06 - 00:12:43:14
Unknown
worldwide travel insurance for your family,

00:12:43:14 - 00:12:49:14
Unknown
over 10 million pounds medical cover. That's very generous. Also very generous. Yeah. Trip limit of 90 days.

00:12:49:14 - 00:12:51:05
Unknown
Which means you can easily, easily

00:12:51:05 - 00:12:51:16
Unknown
That's good.

00:12:51:16 - 00:12:52:20
Unknown
or to extend the trips.

00:12:52:20 - 00:12:55:01
Unknown
also UK and European breakdown cover,

00:12:55:01 - 00:12:56:09
Unknown
Also mobile phone insurance,

00:12:56:09 - 00:13:00:20
Unknown
which is quite nice. And the covers, not only your phone, but also, the phones that your family uses.

00:13:00:20 - 00:13:02:02
Unknown
Home emergency cover,

00:13:02:04 - 00:13:07:09
Unknown
The thing to note about this though, is it doesn't cover properties that have been unoccupied for over 60 days.

00:13:07:09 - 00:13:31:19
Unknown
They've also got Dragon Pass, so that's airport lounge access included. Yeah, that's that's pretty good. There's there's concierge, concierge services again. That includes VIP access to events, you know, all the stuff you'd expect, like unique experiences, travel arrangements, that's all available, courses, fee free international spending and ATM withdrawals, and, the opportunity to earn 25% cashback on specific retailers.

00:13:31:19 - 00:13:42:06
Unknown
I think that's something that's a bit more ad hoc. Kind of pops up here and there might be on. Good. Sorry. Good point. Yes. No, you're absolutely right.

00:13:42:06 - 00:13:43:20
Unknown
And that's that's pretty nice.

00:13:44:00 - 00:13:47:16
Unknown
That is pretty nice. And honestly, I think this definitely out of the four deserves to be second.

00:13:47:18 - 00:13:48:17
Unknown
frequent event goer,

00:13:48:17 - 00:13:53:03
Unknown
you know, let's say you attend, maybe four concerts a year. That's already worth it.

00:13:53:05 - 00:13:54:06
Unknown
I can guarantee that

00:13:54:08 - 00:13:54:22
Unknown
Yeah.

00:13:55:00 - 00:13:56:12
Unknown
25% of cashback, they would.

00:13:56:14 - 00:13:58:13
Unknown
They would easily equal the country.

00:13:58:15 - 00:14:02:12
Unknown
Good breakdown cover 90 day trip limit for travel on the insurance.

00:14:02:14 - 00:14:03:02
Unknown
Solid.

00:14:03:07 - 00:14:09:07
Unknown
The cover does end at 70 on the insurance. I don't know if many over 70 are listening or watching this,

00:14:09:07 - 00:14:12:23
Unknown
You know maybe look at Nationwide Flex Plus then because they have no upper age limit.

00:14:13:01 - 00:14:16:13
Unknown
But ultimately, yeah, this is this is a good account, but

00:14:16:17 - 00:14:18:18
Unknown
the next account is,

00:14:18:21 - 00:14:23:15
Unknown
I think and I think that agrees with me. That's why we gave it first place. It's really good.

00:14:23:17 - 00:14:24:03
Unknown
Excellent,

00:14:24:06 - 00:14:36:23
Unknown
The HSBC Premier account. In order to qualify, need, you need at least 100 K of savings, slash investments with HSBC or, receive 100,000 pounds in annual income paid into your HSBC account.

00:14:36:23 - 00:14:42:07
Unknown
what's included is basically. Yeah, a lot of things to be honest, worldwide travel insurance.

00:14:42:11 - 00:14:43:11
Unknown
things to keep in mind, though,

00:14:43:13 - 00:14:48:18
Unknown
that does cover your whole family, but, there's a there's a limitation of 31 days for the trip length.

00:14:48:19 - 00:14:54:18
Unknown
includes online health services, which is, Yeah, probably pretty similar to what Lloyds is offering through Bupa.

00:14:54:20 - 00:15:00:15
Unknown
Digital appointments online mental health sessions, online physiotherapy sessions,

00:15:00:17 - 00:15:00:23
Unknown
Yeah.

00:15:01:03 - 00:15:01:10
Unknown
things.

00:15:01:10 - 00:15:07:22
Unknown
Also second opinions. And that's what becomes interesting is they do offer, an annual health check where you can

00:15:08:03 - 00:15:08:20
Unknown
Yeah.

00:15:08:22 - 00:15:09:08
Unknown
tested.

00:15:09:08 - 00:15:10:13
Unknown
Right. And that's included here.

00:15:10:13 - 00:15:12:07
Unknown
we should definitely mention the value here.

00:15:12:07 - 00:15:14:23
Unknown
2,404 pounds. Right. That's what HSBC is saying

00:15:15:04 - 00:15:19:04
Unknown
they're claiming it's 2,404 pounds per year. Yeah. And it's, That's tremendous.

00:15:19:08 - 00:15:22:00
Unknown
Yeah, if you take advantage of all these things. Right, that are included. So the

00:15:22:00 - 00:15:22:07
Unknown
Yeah.

00:15:22:11 - 00:15:26:18
Unknown
the second medical opinion twice a year. Eight physiotherapy sessions

00:15:26:22 - 00:15:42:07
Unknown
Yeah. Which is unlikely. Which is unlikely. That you're going to utilize all of those things. But it's, it's it's really I mean, out of the four anyways, the most solid particularly that home blood test, which they're saying is worth 79 pounds, I've done loads of those and they're typically worth around 80 to £120.

00:15:42:07 - 00:15:44:04
Unknown
you can make use of that every year

00:15:44:06 - 00:15:45:08
Unknown
You should you should.

00:15:45:13 - 00:15:52:14
Unknown
probably going to get a doctor's summary as well. If the results and those 20 biomarkers are probably going to be really integral, important things.

00:15:52:17 - 00:15:58:12
Unknown
that differentiates it doesn't it, from the Lloyds Bupa one which doesn't offer anything like that.

00:15:58:14 - 00:16:01:05
Unknown
sure. It's more comprehensive. That's definitely the case here.

00:16:01:08 - 00:16:02:00
Unknown
it goes on.

00:16:02:00 - 00:16:07:10
Unknown
HSBC offer Global View, which gives you an overview of all your HSBC global accounts, if that's what you need. And

00:16:07:10 - 00:16:16:01
Unknown
through that global view and through HSBC Global Infrastructure, as you know, provided by this account, you can transfer money across all your different accounts

00:16:16:03 - 00:16:22:14
Unknown
in, I think the case of HSBC sort of internally transferring money.

00:16:22:14 - 00:16:38:23
Unknown
I think in the case of that it's going to be free. Yeah. And I can't I can't confirm that. But I think you're probably getting fee free transfers whether or not you're getting like a lucrative sort of interbank rate or, you know, like a fair exchange rate, we can't confirm that, can we? Because we don't have access to these accounts.

00:16:39:01 - 00:16:43:21
Unknown
But that is advertised, isn't it, as a selling point? It's this global view, this global

00:16:44:00 - 00:16:45:07
Unknown
infrastructure of accounts.

00:16:45:09 - 00:16:51:06
Unknown
to view HSBC's exchange rates, you actually have to be a customer with them. And that's something we've criticized in the

00:16:51:10 - 00:16:51:21
Unknown
Yeah.

00:16:52:00 - 00:16:53:09
Unknown
global, the expert

00:16:53:11 - 00:16:55:07
Unknown
Yeah. The global money account.

00:16:55:09 - 00:17:02:11
Unknown
And, yeah, I just wish there was more transparency, but the fact that you can, you can just transfer money between your HSBC account from one interface,

00:17:02:13 - 00:17:04:05
Unknown
for sure. Very, very useful for some people.

00:17:04:11 - 00:17:22:17
Unknown
Yeah. You also get preferential rates on mortgages and savings. Wouldn't really be that compelled by the savings rates. Mortgage rates could be interesting. I did do a little bit of research strive mortgages occur at UK. According to them the rate differences that you'll get with HSBC Premier are usually quite modest. And just a few basis points.

00:17:22:23 - 00:17:31:01
Unknown
So on larger loans it might be more meaningful. But I wouldn't be looking at HSBC Premier as a, you know, as a, as a way to get access to a better mortgage.

00:17:31:03 - 00:17:38:09
Unknown
just wanted to mention that is cross-border credit recognition, which is not exclusive to, to Premier. But this is a really nice thing. And I'm,

00:17:38:14 - 00:17:39:01
Unknown
Yes.

00:17:39:05 - 00:17:43:08
Unknown
expert. I know that firsthand how difficult it is if you move to a different country.

00:17:43:08 - 00:17:47:22
Unknown
Typically, you have to rebuild your credit score from zero if you want to work with the local banks.

00:17:47:22 - 00:17:49:20
Unknown
There in order to get a, get a loan.

00:17:49:20 - 00:18:00:00
Unknown
HSBC does the day they use Nova credit? And that basically, allows you to apply for, mortgages and credit in the UK using

00:18:00:02 - 00:18:01:23
Unknown
credit history, which

00:18:02:01 - 00:18:03:12
Unknown
That is nice.

00:18:03:14 - 00:18:13:19
Unknown
What's not included obviously lounge access at the moment we have mentioned lounge access but that is possible through the World Elite Mastercard at 290 pounds per year.

00:18:13:21 - 00:18:18:16
Unknown
Doesn't include a partner. So if you want to have like a supplementary cardholder, that's 60 pounds per year.

00:18:18:16 - 00:18:23:15
Unknown
Yeah. So that way you and your partner could get lounge access through the card. That card also includes

00:18:23:17 - 00:18:29:18
Unknown
accelerated points, rewards of three points per pound or four points, for a non sterling transaction.

00:18:29:18 - 00:18:30:22
Unknown
push that aside for a moment.

00:18:31:00 - 00:18:33:17
Unknown
Everything else we've talked about with this HSBC Premier account

00:18:33:20 - 00:18:38:23
Unknown
doesn't cost a thing besides those, you know, the large 100,000 pound deposit that you have to make over

00:18:39:01 - 00:18:41:09
Unknown
income of some 100,000 pounds annually.

00:18:41:09 - 00:18:42:13
Unknown
But ultimately, like,

00:18:42:13 - 00:18:43:19
Unknown
you're getting a lot,

00:18:43:23 - 00:18:45:19
Unknown
particularly compared to these other providers,

00:18:45:21 - 00:19:02:08
Unknown
full worldwide family travel insurance, a meaningful, decent digital health care product, international banking infrastructure, cross-border credit recognition, as Yann mentioned. And there's also some, you know, better support, you know, available through HSBC Premier support.

00:19:02:10 - 00:19:08:05
Unknown
absolutely. And if you if you really want launch access just add that Mastercard and you're going to be cheaper then the NatWest's

00:19:08:05 - 00:19:09:05
Unknown
Reward black product.

00:19:09:06 - 00:19:09:15
Unknown
Yeah.

00:19:09:19 - 00:19:13:00
Unknown
going to be cheaper. It's going to have, similar benefits and,

00:19:13:00 - 00:19:16:00
Unknown
minus the 25% of cashback on tickets to concerts and show us.

00:19:16:00 - 00:19:22:03
Unknown
But I think that's that's actually. Yeah, that's actually the better option for, for most people. Unless you're a frequent event goer.

00:19:22:05 - 00:19:25:09
Unknown
Or event attendee said, is that how you call

00:19:25:12 - 00:19:26:11
Unknown
an inventor.

00:19:26:13 - 00:19:30:03
Unknown
An event? Yeah. That's like a Pokemon.

00:19:30:05 - 00:19:35:21
Unknown
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00:19:35:21 - 00:19:40:19
Unknown
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Unknown
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Unknown
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00:19:55:07 - 00:19:57:17
Unknown
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