The constructing society says it’ll stick to its pledge not to close any of its personal branches, and it will preserve a presence wherever both brand is at present represented. However, already-announced Virgin department closures may go forward as planned. The Premier account can be free to maintain, however solely individuals with an annual income of at least £75,000 or £50,000 worth of financial savings and belongings held with HSBC are eligible. It comes with benefits similar to worldwide travel insurance coverage and preferential financial savings and mortgage rates. To qualify, customers must make their swap by way of the Current Account Switch Service, move across or arrange at least two direct debits, and credit the new account with a minimum of £1,000 inside 30 days of opening. The transfer could be unlikely to impression Co-operative Bank clients within the brief term, though their accounts would probably be transferred to Coventry at some point.