Our Graduate Bank Account is designed to support you for two years. Take a look at the great benefits which come as standard.
The essentials
- Up to £1,500 interest free overdraft in your first year, and up to £1,000 in your second year after graduation (subject to status and account conduct)
- Identity Theft Assistance including one free online credit report every year
- Access to Regular Saver, which is one of our highest earning savings accounts
- Manage your money on the move with Mobile Banking
- Graduate Loans available for five years after graduation, typical 8.5% APR (subject to status and account conduct)
- 24/7 access to your account via Internet Banking* and Telephone Banking**
- HSBC Bank Debit Card with purchases abroad*** free from HSBC ATM transaction fees
- Cheque book (if required)
- Commission–free foreign currency in over 80 currencies and travellers cheques in seven major currencies on amounts between £100 and £2,000 when applying online****
- Quarterly statements
* Subject to scheduled maintenance periods.
** Calls to 08457 404 404 are answered 24 hours a day (except Christmas Day, Boxing Day and New Year's 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.
Textphone 1800 108457 125 563.
*** General: 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.
Cash Machines: There is an ATM transaction fee currently 2% (minimum £1.75, maximum £5.00) for withdrawing cash at cash machines overseas. HSBC Advance (Graduate) Bank Account customers can make withdrawals at cash machines overseas free of ATM transaction fees from HSBC and will therefore not pay this fee. We will deduct the amount of the transaction fee from your account once we receive details of the payment from the card scheme, 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.
Shops and retailers: There is no transaction fee for using your debit card to pay for goods and services overseas.
**** There is a 1.5% handling fee charged for Sterling Travellers Cheques.
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 promise to send you a new cheque book (if you want it) and your HSBC International Debit Card* and new PIN within a week of you opening your account...or we'll give you £10
- Enjoy a 0% overdraft for two months, while we transfer your account. After this time the overdraft rate will be 19.9% EAR variable (subject to status)
