HSBC Current Accounts

How do you like your bank account?

Because everyone's different, we offer a broad range of current accounts to suit every taste.




Bank Account

All the features you need
for easy day-to-day banking

MONTHLY FEE

N/A

OVERDRAFT RATE

19.9% EAR

Representative example
(assumed overdraft £1,200): 19.9% EAR variable


Brief highlights

  • Overdraft Service available, subject to status
  • Set up Standing Orders, Direct Debits and payments to friends and family
  • Access to more products - Our great Regular Saver and HSBC Loyalty Cash ISA
  • Exclusive Current Account Mortgages with discounted booking fees, subject to status
  • Ability to apply for a HSBC Credit Card and Loan, subject to status
  • A range of ways to bank, including our mobile app

Current Account Switch Service

Switching bank accounts to HSBC has never been easier
The Current Account Switch Service has been designed to be simple, reliable, hassle-free and is supported by our dedicated switching team.

International services

  • Withdraw cash anywhere in the world with your debit card wherever you see the VISA logo*

Eligibility

  • You need to be over 18 to apply
  • £500 (minimum) monthly deposit required
  • If you're under the age of 24, this minimum monthly deposit does not apply

* Non-Sterling transaction fee of 2.75% of the exchange rate will apply on conversion, plus an ATM transaction fee – currently 2% (minimum £1.75, maximum £5.00).

Student Bank Account

If you're going to uni, we've
got an account packed full of
benefits for you

MONTHLY FEE

N/A

OVERDRAFT RATE

0% EAR
Representative example
(assumed overdraft £3,000): 0% EAR variable


Brief highlights

  • If you're aged 18 or over get a guaranteed £500 overdraft interest-free when you open your student account, which could increase to up to £3,000 (subject to status and account conduct)
  • No overdraft setup fee
  • Earn interest on credit balances on the first £1,000 in your account during your first year at university
  • If you are eligible for a debit card and have a smart phone you can check your balance with HSBC Fast Balance .

If you're 17 and thinking about going to uni, you may be eligible for our early bird service . Or if you're about to go back to uni to further your studies you may be eligible for our postgraduate service (different eligibility criteria apply).


Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

International services

  • Withdraw cash anywhere in the world with your debit card where ever you see the VISA logo*

Eligibility

  • You're studying, or intending to study, a full-time, qualifying undergraduate course of two years or more at a UK, Channel Islands or Isle of Man university/college or a part-time course with a Disability Student Allowance – and can provide proof of your acceptance.
  • You have been a resident in the UK, Channel Islands or Isle of Man for at least the last three years
  • If you don't currently have a HSBC current account, you can provide us with identification and proof of your address
  • You can confirm that you do not hold a student account elsewhere

*Non-Sterling transaction fee of 2.75% of the exchange rate will apply on conversion, plus an ATM transaction fee – currently 2% (minimum £1.75, maximum £5.00).

HSBC Premier

Premium banking without
the premium

MONTHLY FEE

No fee subject to meeting
the eligibility criteria *

OVERDRAFT RATE

11.9% EAR
Representative example
(assumed overdraft £1,200):0% EAR variable on the first £500 and 11.9% EAR on the rest.


The benefits

  • Relationship Manager to help you with your banking needs
  • Where appropriate, Wealth Management expertise from an HSBC Premier Client Manager
  • Worldwide Travel Insurance for you and your family, for UK residents aged under 70
  • Preferential rates and terms on a range of selected products
  • Access to HSBC Premier Credit Card
  • Personal safety advice and identity theft assistance with red24™
  • HSBC Premier Family Banking accounts available

The essentials

  • HSBC Premier Visa Debit Card for withdrawals of up to £1,000 a day
  • A £500 interest-free overdraft facility, available on request, with no set up or unpaid transaction fees
  • 24/7 helpline available (subject to planned maintenance)
  • Check your balance with HSBC Fast Balance

International services

  • Home-from-home service and emergency assistance in any HSBC branch worldwide
  • Globally linked-up online banking available in selected countries via Global View
  • Worldwide cash withdrawals without HSBC ATM fees (a Non-Sterling transaction fee of 2.75% applies)
  • HSBC Premier international account opening with no fee

Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

Eligibility

HSBC Premier is available to you, as long as you pay your annual income into your HSBC Premier Bank Account and either:

  1. have savings or investments of at least £50,000 with HSBC in the UK; or
  2. have an individual annual income of at least £100,000 and one of the following products with HSBC in the UK:

- a mortgage;

- an investment, life insurance or protection product;


Or, qualify for HSBC Premier in another country.


Please note: HSBC in the UK excludes M&S Bank, first direct and HSBC Expat. For the second criteria, in the case of a joint account, at least one of the parties must have an individual annual income of at least £100,000. The investment, life insurance or protection products also includes those purchased through one of HSBC's advisers.

BRIEF HIGHLIGHTS

* If you no longer meet the criteria, your account may be converted to a different account.

Graduate Bank Account

Designed to support you for
two years after graduating

MONTHLY FEE

N/A

OVERDRAFT RATE

19.9% EAR
Representative example
(assumed overdraft £1,200): 1st year 0% EAR variable on the first £1500, 2nd year 0% EAR variable on the first £1,000 and 19.9% EAR on the rest.


Brief highlights

  • Up to £1,500 interest-free entitlement in your first year and up to £1,000 interest free overdraft in your second year after graduation (subject to status and account conduct)
  • Apply for a Graduate Loan of up to £25,000. Loans are available for five years after graduation between £5,000 and £25,000 (subject to status and account conduct)
  • Access to our Regular Saver account
  • Check your balance with HSBC Fast Balance

Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

International services

  • Withdraw cash anywhere in the world with your Debit Card wherever you see the VISA logo*

Eligibility

You're eligible for a Graduate Bank Account if you:

  • are 18 years of age or older
  • have graduated from uni within the last 2 years
  • can provide proof of graduation, i.e. a Graduation Certificate if you're new to HSBC

* Non- Sterling transaction fee of 2.75% of the exchange rate will apply on conversion, plus an ATM transaction fee – currently 2% (minimum £1.75, maximum £5.00).

Bank Account Pay Monthly

A range of banking services
that help you know
where you stand

MONTHLY FEE

£10

OVERDRAFT RATE

19.9% EAR

Representative example
(assumed overdraft £1,200): 19.9% EAR variable


Brief highlights

  • Access to an overdraft service, subject to status
  • A £50 'buffer' for short term emergency borrowing
  • Payment requests over your buffer or any formal overdraft limit normally won't be agreed
  • No overdraft setup fee or unpaid transaction fee
  • Text Alerts to keep you informed as you get near any formal overdraft limit
  • A monthly fee of £10
  • Check your balance with HSBC Fast Balance

Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

International services

  • Withdraw cash anywhere in the world with your debit card where ever you see the VISA logo*

Eligibility

  • You need to be over 18 to apply
  • £500 (minimum) monthly deposit required
  • If you're under the age of 24, this minimum monthly deposit does not apply

* Non- Sterling transaction fee of 2.75% of the exchange rate will apply on conversion, plus an ATM transaction fee – currently 2% (minimum £1.75, maximum £5.00).

Basic Bank Account

A simple account that's
easy to manage whether you're new to the UK or a UK resident

MONTHLY FEE

N/A

OVERDRAFT RATE

N/A


Brief highlights

  • Visa Debit Card
  • Cash withdrawals up to £300 per day
  • Set up Standing Orders, Direct Debits and payments to friends and family
  • 24/7 telephone and Internet Banking, subject to planned maintenance

Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

International services

Withdraw cash anywhere in the world with your Debit Card wherever you see the VISA logo*

Eligibility

  • You need to be over 16 to apply

* Non- Sterling transaction fee of 2.75% of the exchange rate will apply on conversion, plus an ATM transaction fee – currently 2% (minimum £1.75, maximum £5.00).

MyMoney

Straightforward banking for children aged 7 to 17 years

MONTHLY FEE

N/A

OVERDRAFT RATE

N/A


Brief highlights

  • MyMoney is a package of MyAccount and MySavings accounts
  • Get MySavings account from aged 7 years with £10 minimum deposit
  • Get MyAccount with a HSBC VISA debit card from the age of 11 (subject to parents' permission).
  • Interest is paid monthly on your MySavings account
  • If you are eligible for a debit card and have a smart phone you can check your balance with HSBC Fast Balance .

Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

International services

From the age of 11, get a debit card and withdraw cash anywhere in the world, where ever you see the VISA logo *

Eligibility

Please ensure you can answer YES to the following questions:

  • Are you aged between 7 and 17?
  • Can you provide proof of your identity and address (if your parents already bank with us you don't need to provide proof of address)?

If you're under 16, you will also need to get your application signed by a parent or guardian.


* Non- Sterling transaction fee of 2.75% of the exchange rate will apply on conversion, plus an ATM transaction fee – currently 2% (minimum £1.75, maximum £5.00).

International Personal Current Account

Quick, easy access to your money in different currencies

MONTHLY FEE

£5
or currency equivalent

OVERDRAFT RATE

7% EAR above currency base

Representative example
(assumed overdraft £1,200): 7% EAR variable above the currency base rate.


Brief highlights

  • Accounts available in most major currencies
  • No minimum balance required
  • Access to International Personal Savings Account
  • Quarterly statements

Current Account Switch Service

Switching your account to HSBC is fast and straightforward using the Current Account Switch Service .

International services

  • Make or receive payments in a foreign currency

Eligibility

  • Minimum age: 18 years old

With flexible banking and support from a local Business Specialist, our bank accounts help you
focus on making your business a success.


If you have investment or borrowing requirements of more than £3million, We offer a range of
private banking, wealth management and property services to help you manage your wealth
today and for the future.


Planning to move overseas? Already living or working abroad? With an HSBC Expat Bank Account
it's easy to manage your finances in more than one country.



The value of investments (and any income received from them) can fall as well as rise and you may not get back the amount invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.


Most investments should be considered as a medium- to long-term commitment, meaning you should be prepared to hold them for at least five years.


The value of any tax benefits described depends on your individual circumstances. Tax rules may change in the future.


Definitions


AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.


EAR: Effective Annual Rate. This takes account of the interest rate and how often interest is charged, and does not include any other fees or charges.


GROSS is the interest rate you'll receive before applicable tax is deducted from your account.


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