MyMoney – the simple way to manage your money
Managing your money is easy with the right help and MyMoney puts you more in control. With MyMoney, you'll see your money grow, we'll pay you interest monthly, we'll send statements to you and we won't let you spend more than you have available – so you'll always know where you are.
The essentials of MyMoney:
MyMoney is a package of both MySavings and MyAccount. If you are aged 7 or over, you will get a MySavings account. Then on your eleventh birthday, you'll also get a real current account called My Account.
MySavings (7-17 year olds)
- Open your account with as little as £1.
- Gives a great rate of interest so you can watch your money grow. The more you save, the more you earn!
- You can access your savings at any HSBC counter using your cash withdrawal book. Remember, if you are under 11 years old and want to withdraw or transfer over £50, you'll need your parent or guardian's signature.
MyAccount (age 11-17 year olds)
- At the age of 11, you will also get your very own current account.
- You will receive a cash card giving you balance details and free withdrawals at any HSBC cash machine.
- At age 13, you can have a debit card (with parent permission) which allows you to buy online and in shops.
- You can't go overdrawn, so don't worry – you can't spend more than you have available.
- You can top up your mobile phone at HSBC cash points using your MyAccount card.
- We also have Hints and Tips on managing money
