HSBC Advance is available for £6 a month for the first three months from account opening, after which you will pay the full monthly price, currently £12.95. HSBC Advance has an initial 12 month contract and is then renewable monthly.

Steps to an easy switch

1. Apply for HSBC Advance 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.

How we calculated the value of these benefits

• Worldwide Travel Insurance - £215, based on the price of an annual family travel insurance policy from Aviva Insurance UK Limited.
• Roadside Breakdown Assistance - £99.50, based on RAC Solution 1 cover before any discounts. Provided by Mondial Assistance Europe N.V. and administered by Mondial Assistance (UK) Limited.
• ID Theft Assistance - £150, based on the annual cost of identity theft assistance from red24.
• Life Cover - £43, based on HSBC Life (UK) Limited's calculation of benefit value, compared with guaranteed acceptance policies.

Prices correct at 15/01/2010

* Only available to residents of the UK, the Channel Islands or the Isle of Man.

Key features and benefits

• Worldwide Travel Insurance for customers aged up to the age of 70, provided by Aviva Insurance UK Limited.¥
• Roadside Breakdown Assistance 24 hours a day for eligible vehicles less than 15 years old. Provided by the Mondial Assistance Europe N V. and administered by Mondial Assistance (UK) Limited.¥
• Life Cover/Accidental Death benefit with £3000 benefit provided by HSBC Life (UK) Limited.§
• 24/7 Identity Theft Assistance with red24. Immediate safety advice and ID theft assistance by phone, for help in any situation or emergency.
• 8% AER/gross preferential rate on our Regular Saver - Enjoy a preferential rate fixed for 12 months. You can save from £25 to £250 in the first month, then make regular payments up to the maximum monthly balance. The maximum balance starts at £250 in month one and then increases by £250 each month thereafter. Interest is calculated daily and paid when your account matures. No partial withdrawals are allowed during the fixed rate period.
• Preferential mortgage terms. Your home may be repossessed if you do not keep up repayments on your mortgage.
• Preferential overdraft rate which is currently 17.9% EAR variable.†
• Convenient 24/7 Telephone and Internet Banking.*
• HSBC Advance Visa Debit Card - cash withdrawals abroad free of HSBC ATM transaction fees.**
• Travel and leisure discounts.
• Text and Mobile Banking on the move.

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) within 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.

* Calls to 08457 404 404 are answered 24 hours a day if you successfully identify yourself through our automated telephone service. Our Telephone Banking and Internet Banking service are subject to scheduled maintenance periods. To help us continually improve our service, and in the interests of security, we may monitor and/or record your telephone calls with us.

** Any foreign currency debit card payments (including cash withdrawals) are converted to Sterling by VISA or MasterCard (as appropriate) using wholesale market rates applying on the day the conversion is made. These transactions are subject to our foreign exchange charge of 2.75%. We will deduct the payment from your account once we receive details of the payment from the card scheme, at the latest the next working day. Details of the current wholesale market rates can be obtained by calling us on the usual telephone numbers. 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.

† Credit subject to status.
¥ Policy Terms and Conditions apply.
§ Policy Terms and Conditions apply (PDF) and the policy is subject to exclusions and limits of cover.

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