Current Account Advance
Enjoy a host of benefits with our Current Account Advance, including mobile banking and access to one of our highest earning savings accounts.
Plus, moving your account to HSBC is fast and easy.
We'll transfer your Direct Debits and standing orders to your new Current Account Advance, or we'll give you £10 for any we miss.
Find out about our switching guarantee.
Want a club class banking experience? You might prefer HSBC Plus or you can Compare Accounts.
Current Account Advance: The essentials
- Free 24/7 Internet Banking* as well as Telephone and Branch Banking
- Overdraft facility with a current rate of 19.9% EAR variable (subject to status). Find out more on Overdrafts
- Free HSBC Bank Debit Card (subject to status)
- Cashback – get up to £50 cash back at various UK outlets when you pay with your Free HSBC Debit Card
- Monthly statements
- Access to Regular Saver - one of our highest earning savings accounts.
- Get peace of mind with Identity Theft Assistance including one free on-line credit report per year
- Manage your money on the move with Mobile Banking
* Subject to scheduled maintenance periods
Account eligibility
If you can pay £500 or more into your HSBC bank account each month, you're entitled to apply for Current Account Advance.
Should you fail to make the £500 monthly payment required to maintain your account, we will either change it to a Current Account or give you notice that we will be closing your account. If you are under the age of 23, the qualification criteria will not apply.
Switching accounts is simple
If you're worried about the fuss and bother, don't be. HSBC has a guaranteed hassle–free account switching service.
- We automatically transfer your Direct Debits and standing orders to your new account for you.
- We guarantee that you will receive your HSBC Bank Debit Card and chequebook (if requested) within five working days and your PIN within seven – either to your home address or an HSBC branch of your choice – or we'll give you £10.
- We can offer you an interest and charge free overdraft taking into account your existing Direct Debits and Standing Orders subject to our usual credit assessment criteria . If you do not want an overdraft or one is not available, we will, within a reasonable time, refund any charges or interest you have had to pay to us due to a delay or mistake made during the switching process.
- Your old bank shall, 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.
* Your debit card may be sent to your local branch for collection.
