HSBC Premier: family and protection benefits | HSBC UK

 
 

To apply, call 0800 328 12961

Eligibility How to apply

The benefits don't just stop with you -
they extend to your family too



HSBC Premier Family accounts

Give your children the freedom to manage their own money - with your guidance

HSBC Premier Family mortgages

A great way to give your children a helping hand while letting them enjoy their independence
Your home may be repossessed if you do not keep up repayments on your mortgage

Protecting your family

We can help you ensure your family and loved ones are protected now, and in the future

Worldwide travel insurance

Worldwide travel insurance available to the UK, the Channel Islands or the Isle of Man residents under the age of 70, to give you some peace of mind if the unexpected happens

Global safety net

If your children are going abroad to study or travel, it's good to know they're not on their own

HSBC Premier Family accounts

One of the most important life skills you can teach your children is an appreciation of the value of money. With our HSBC Premier family accounts, you can give your children the freedom to manage their own money - with your guidance

Our range of HSBC Premier family accounts encourage children to save from the age of 7 and offer them the experience of managing a current account from 11 years old. Your children can enjoy HSBC Premier benefits until they're 25. HSBC Premier family banking customers aged 11 and over are automatically sent an HSBC Premier Recognition Card, which provides recognition overseas and access to Global Safety Net.

To open a Premier family account with your child, just follow these easy steps:

  1. Download and help them fill in an application form and third party mandate.
  2. Complete an R85 form if applicable. This makes sure we'll pay tax-free interest on your child's Premier MySavings/Premier Family Savings Account.
  3. Take the application form and mandate (and optional R85 form) to your nearest HSBC branch along with some ID & proof of address (if you live with your child, we just need their ID).

Before you take your completed form into your nearest branch, take a look at the things you should know about the Premier Family accounts:

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HSBC Premier Family mortgages

The HSBC Premier family mortgage benefit is a great new way to give your children a helping hand while letting them enjoy their independence.

As an HSBC Premier customer, you can already benefit from preferential mortgage rates and fees. And now your children could take advantage of these preferential mortgage rates and fees too.

Your home may be repossessed if you do not keep up repayments on your mortgage

This benefit is available to your children if they're

  • a first-time buyer
  • looking to remortgage when moving home
  • switching from an existing HSBC mortgage product to a different HSBC mortgage product, remortgaging from a first direct mortgage or remortgaging from a mortgage with another lender
  • applying for a joint mortgage

Please note that Buy to Let mortgages are excluded from this benefit.

Some things to consider:

  • applicants must be at least 18 years of age and no older than 60
  • parents must be an HSBC Premier customer at the time of application
  • parents must give us consent to disclose that they are an HSBC Premier customer to any children and any joint applicants wishing to take advantage of this benefit
  • all applications will be subject to normal assessment criteria.

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Protecting your family

Your HSBC Premier Relationship Manager, working with our HSBC Premier Independent Financial Advisers, can help you understand the options available to provide financial security for your dependants. These options could include ensuring that your home or children's education can be provided for in a range of circumstances, should something happen to you.

Worldwide travel insurance

HSBC Premier does more than just help with your finances when you're travelling; we can also give you some peace of mind if the unexpected happens.

You and your family will be covered anywhere in the world for up to 31 days per trip. Your trip limit may be extended by calling 0800 328 1562. Winter Sports cover is also provided for a total of 21 days in any consecutive 12-month period. Policy terms and conditions apply.

Cover is available to residents of the UK, the Channel Islands or the Isle of Man if you are under 70 years of age at the start date of any trip.

Your partner is also covered if under the age of 70 at the start of the trip and permanently residing with you at the same address. Please note if you or your partner turns 70 whilst on holiday, all cover will cease when you have returned back to the UK, the Channel Islands or the Isle of Man.

Your unmarried, dependent children are covered if they accompany you or your partner and are under 18 years of age at the start of the trip (or under 23 years of age if still in full time education and live with the account holder outside of term-time). Children are also covered whilst travelling abroad on their own to visit and stay with close relatives for the duration of the trip.

Any pre-existing medical conditions suffered by you, or your domestic partner or any dependent children insured by the policy must be disclosed to the Insurer at the time of opening your Premier account or before booking your trip on 01243 621404.

Cover is provided for business trips outside the UK, the Channel Islands or the Isle of Man for the purpose of wholly office- based clerical and administrative Duties for a maximum of 31 days in total in any consecutive 12 month period.

Your Travel Insurance ceases if you decide to be a resident outside of the UK, the Channel Islands or the Isle of Man.

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Important information

Worldwide Travel Insurance is provided by Aviva Insurance Limited. To be covered, your main home must be in the UK, the Channel Islands or the Isle of Man and you must have been registered with a doctor in the UK, the Channel Islands or the Isle of Man and liable to pay local taxes for at least six months at the time of opening the account or on the date your trip starts. Find out more about what's covered and how to make a claim.

Premier travel insurance

Global safety net

Whether your children are going abroad to study or just for the experience of travelling, it's good to know they're not on their own. With HSBC Premier, your family also benefits from some of the features you enjoy.

If your children are planning to go to university abroad, for example, they can take advantage of the international account opening facility - available in more than 40 countries and territories worldwide - to have an account open and ready for them when they arrive. And if you have an HSBC Premier Credit Card and want to ensure that they're never left wanting for money and they're 18 years old or over, they can, subject to local terms and conditions, have an additional credit card.

We won't let them down in an emergency, either. They can take advantage of up to US$2,000 or currency equivalent emergency cash (with your permission), access the worldwide helpline (+1-908-PREMIER) and get a replacement credit card within 36 hours. Use your Worldwide Travel Insurance that offers protection for you and your family on trips (subject to the exclusions and limits of cover).

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