Why bank with HSBC?

As an HSBC Student Bank Account customer, you'll enjoy the benefits we've provided to thousands of others, helping you through your student years, whilst you concentrate on building your future.

What your new account provides

  • No overdraft fees
  • Up to £3,000 overdraft subject to status and account conduct
  • PaymPay registered friends and family using just a mobile number
  • Mobile banking via app or website
  • Student Exclusives Access to offers and discounts

Key product information

Your benefits

Interest-free overdraft

We'll offer you an automatic overdraft of at least £500 free of overdraft interest at account opening. Maximum overdraft available is £3,000 free of overdraft interest, subject to status and account conduct. Plus, we won't charge you any overdraft setup fees.

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

Please note, applicants for overdrafts must be 18 or over.

If you try to make a withdrawal at any HSBC cash machine that would take you over your overdraft limit, you'll get an on-screen alert to let you know how much money you have available to withdraw.
You can also sign up to receive text alerts when your account balance drops below a certain amount. To set up a text alert, call us on 03457 404 404. Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). Calls may be recorded.

Credit interest

For first year students, the first £1,000 in your Student Bank Account, will earn interest at 1.5% above base rate, currently 2% AER/gross.
Interest is calculated daily on the cleared credit balance and is paid monthly.

EAR (Equivalent Annual Rate): The interest you are charged on your overdrawn balance.
AER (Annual Equivalent Rate): This is a notional rate which illustrates what the Gross rate would be if interest were paid and compounded each year.
Gross: The rate before the deduction of tax applicable to interest on savings.

Your account essentials

HSBC Contactless Debit Card

Your HSBC Contactless Visa Debit Card gives you instant access to your money whenever you need it. You can use your card to pay for goods and services wherever VISA is accepted. The HSBC Visa Debit Card now comes with Contactless technology. Contactless allows you to make low value payments of up to £20 with a simple tap of your card, just look for the Contactless logo at a retailer. More on the HSBC Debit Card.

You can also use your card to withdraw local currency at cash machines worldwide and pay for goods and services worldwide wherever you see the VISA logo shown on your card.
Unless you agree that the currency conversion is done at the point of sale or withdrawal and agree the rate at that time, for example with the shopkeeper or on the self-service machine screen, the exchange rate that applies to any non-sterling debit card payments (including cash withdrawals) is the VISA Payment Scheme Exchange Rate applying on the day the conversion is made.
For non-sterling (foreign currency) transactions we will charge a fee of 2.75% of the sterling amount of the transaction. This fee will be shown as a separate line on your statement as a ‘Non-Sterling Transaction Fee’.
Details of the current VISA Payment Scheme Exchange Rates can be obtained from the card support section of hsbc.co.uk or by calling us on the usual numbers. We will deduct the payment and the fee from your account once we receive details of the payment from the card scheme, at the latest, the next working day.

There is a non-sterling cash fee currently 2% (minimum £1.75, maximum £5.00) for non-sterling cash withdrawals at a self-service machine outside the UK, or in the UK where we carry out the currency conversion. Customers making withdrawals on HSBC Advance, HSBC Premier and HSBC Premier MyAccount accounts do not pay this fee.
Please view our General Price List and Interest Rates for more details.

24/7 Online Banking

With Online Banking you can check your balance, see your statements and pay your bills and much more. To see how it works, watch our interactive demo. Online Banking facilities are available 24/7 subject to planned maintenance periods.

Mobile banking
Manage your personal accounts easily and securely from your mobile phone.  Using the HSBC Mobile Banking app you can view your balances and your last 90 transactions, make bill payments to existing beneficiaries and also transfer money between your accounts. It also has a handy branch and ATM locator in case you're out and about and need some cash (not currently available on BlackBerry digital devices).

To download the HSBC Mobile Banking app visit the App Store, Google Play or Blackberry World and follow the instructions.
The HSBC Mobile Banking app is available for BlackBerry®, iPhone®, iPad® and Android™ digital devices running up to date software.

Pay them with Paym
You can now pay friends and family registered for Paym, wherever you are, or whatever you're doing, using just their mobile number. You can also register for Paym to receive payments. Terms and conditions apply (PDF)
Paym

Telephone banking
Get a balance enquiry, make credit card payments, obtain transaction details and transfer cash between accounts at any time, day or night with our automated service. And if you have a query, our Customer Service Representatives are available on 03457 404 404 from 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). Calls may be monitored and/or recorded.

Your additional products and services

Budget Calculator


Student Credit Card

If you’re 18 or over, you can apply for a Student Credit Card with a credit limit of up to £500. Handy for emergencies, it's available subject to status and account conduct.

Student Insurance

While you concentrate on your studies, you can rely on HSBC Student Insurance to take care of your personal possessions. Click here for more details.
HSBC Insurance is provided by Aviva Insurance Limited

Help with your finances

We understand that going to uni can be a struggle financially. If you're worried about money, do come and talk to us. The quicker you act, often the easier it is for us to help you. More on .

Currency

Order commission-free foreign currency on amounts between £100 and £2,500.

 

1. Cash machines: There is an ATM transaction fee currently 2% (minimum £1.75, maximum £5.00) for withdrawing cash at cash machines overseas. We will deduct the transaction fee from your account once we receive details of the payment from VISA, at the latest the next working day. Some cash machine operators may apply a direct charge for withdrawals from their cash machines and this will be advised on screen at the time of withdrawal.

 

2. Using your Debit Card abroad: Unless you agree that the currency conversion is done at the point of sale or withdrawal and agree the rate at that time, for example with the shopkeeper or on the self-service machine screen, the exchange rate that applies to any non-sterling debit card payments (including cash withdrawals) is the VISA Payment Scheme Exchange Rate applying on the day the conversion is made.
Details of the current VISA Payment Scheme Exchange Rates can be obtained from the card support section of hsbc.co.uk or by calling us on the usual numbers. We will deduct the payment and the fee from your account once we receive details of the payment from the card scheme, at the latest, the next working day.

 

Transaction fees: For non-Sterling (foreign currency) transactions we will charge a fee of 2.75% of the amount of the transaction, using your Debit Card to pay for goods and services abroad (e.g. in shops or restaurants). This fee will be shown as a separate line on your statement as a 'Non-Sterling Transaction Fee'.

 

Some links may allow you to access other websites. Please read the linked websites’ terms and conditions. HSBC Bank plc has no control over non-HSBC websites and is not liable for your use of them.

 

 

Apply Back to the top

Apply Online

Please check to ensure you meet the eligibility criteria before clicking 'Apply now'

Apply online

Apply by phone

Our friendly team is here to help.

Call us on 0800 169 5422
Textphone contact numbers
Lines are open from 8am to 10pm every day.

Apply in branch

Book your appointment to apply in branch by calling 03457 404 404. Lines are open 8am to 10pm every day. Calls may be recorded. You'll need to bring identification, proof of your address and a recent statement from your current bank.

Find a branch

Remember...

You will need to bring in to your local branch, proof of address and identification if you currently don't have a HSBC current account and proof of your unconditional acceptance e.g. UCAS letter or letter from the university/college. If you're an existing customer, you will not need to bring us proof of your address if we can identify you using the UCAS system.

Eligibility requirements

Please ensure you can answer YES to the following questions:

  1. Are you 18 years of age or over?
  2. Have you been a resident in the UK, Channel Islands or Isle of Man for at least the last 3 years?
  3. Can you provide proof of address and identification if you currently don‘t have a HSBC current account?
  4. Can you confirm you do not hold a student account elsewhere?
  5. Are you studying, or intending to study:
    - a full time qualifying course at a UK, Channel Islands or Isle of Man university/college
    - or a part-time course with a Disability Student Allowance
  6. You have proof of your unconditional acceptance e.g. UCAS letter or letter from the university/college?

Once you've submitted your application, we'll send you the paperwork to sign and return to us either by post or in branch.

Some links may allow you to access other websites. Please read the linked websites’ terms and conditions. HSBC Bank plc has no control over non-HSBC websites and is not liable for your use of them.

We also offer you

HSBC Student
Credit Card
As a HSBC Student Bank Account holder, you can apply for a HSBC Student Credit Card with a limit of up to £500 Find out more
HSBC Student Insurance Whilst you concentrate on your studies, you can rely on HSBC Student Insurance to take care of your personal possessions Find out more
Find out about mobile banking Download the HSBC Mobile Banking app, pay your registered friends and family using only a mobile number with Paym and receive text alerts to keep you up to date with your balance Find out more
Like us on Facebook Our HSBC Students Facebook page provides you with hints and tips on managing your money, as well as everyday uni life Find out more

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Need to speak to us?

Give our friendly team a call on:

0800 169 5422

Textphone contact numbers

Lines are open 8am to 10pm every day except Christmas Day, Boxing Day and New Year's Day. Calls may be monitored or recorded.

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Mobile (using inclusive minutes)

03457 404 404

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Landline freephone


0800 169 5422

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Lines are open 8am to 10pm every day except Christmas Day, Boxing Day and New Year's Day. Calls may be monitored or recorded.

Prefer to talk face-to-face?

Whether you’re at home or away at uni, pop into your nearest branch for a chat.

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