Steps to an easy switch

1. Apply for Bank Account online.
2. Receive your HSBC welcome pack and complete the Switching Form inside.
3. Give part of the completed form to your employer so they can switch where they pay your salary.
4. Give the other part back to us and leave the rest to our dedicated Switching Team who will transfer all your Direct Debits & standing orders.

Key features and benefits

• 4% AER/Gross Regular Saver - Enjoy a preferential rate fixed for 12 months. YSave between £25 and £250 in the first month, then make regular payments every month by standing order from your HSBC current account of at least £25 up to the maximum monthly balance. The maximum balance starts at £250 in month one and then increases by £250 each month thereafter.
• Identity Theft Assistance – Get peace of mind with Identity Theft Assistance, which includes one free online credit report per year.
• Monilink Mobile Banking – Keep tabs on your balance and transactions while you’re on the move.
• Free 24/7 Internet Banking* - Manage your money online, pay bills and make payments securely.
• Overdraft facility (subject to status). For details check our price list.
• HSBC Bank debit card – Pay for goods and services at home and abroad**.
• Cashback – get up to £50 cashback at various UK outlets, when you pay with your HSBC Bank debit card.

Eligibility Criteria

You are required to pay £500 or more into your HSBC bank account each month, or we’ll either change it to a Current Account or give you notice that we’ll be closing your account. If you’re under the age of 24, the qualification criteria will not apply.

Our guaranteed hassle-free switching service

• Automatic transfer of your Direct Debits and standing orders to your HSBC account.
• Guaranteed delivery of your HSBC debit card and cheque book (if requested) on account opening after five working days and your PIN within seven – either to your home address or to your chosen HSBC branch – or we'll give you £10.
• With our switching service , we can offer you an interest and charge free overdraft for up to three months taking into account your existing Direct Debits and standing orders subject to our usual credit assessment criteria.
• If you don't want an overdraft or one isn't available, we’ll refund any charges or interest you’ve had to pay us due to a delay or mistake made during the switching process.
• Your old bank should, within a reasonable time, refund any charges or interest that you had to pay to the old bank due to a delay or mistake made during the switching process.

* Subject to scheduled maintenance periods.

** Foreign exchange rates are shown on your statement against each transaction inclusive of an exchange rate adjustment, currently 2.75%. There is an ATM transaction fee which is currently 2% (minimum £1.75, maximum £5.00) for withdrawing cash at cash machines overseas. Local cash machine owners may also apply a charge - this will be shown on screen with an option to cancel the withdrawal if you want.