Business Offers Terms and Conditions

Business Overdraft

  1. This offer is an overdraft facility up to and including £1,000, for a reduced arrangement fee of £50 (normal fee £100). For systems reasons, it will appear on your statement as £100 arrangement fee with a £50 refund. It is available to new (start up or switcher) accounts to HSBC and to existing business account holders with a turnover of up to £1m a year.
  2. For new customers, we need to receive a fully completed application from you to open a new Business Current Account and the account should be successfully opened before 23.59pm on 28th February 2010. For both new and existing customers, you will need to apply for the overdraft facility and have it accepted by 23.59pm on 28th February 2010 to qualify for the reduced arrangement fee. If accepted, a facility letter will follow accordingly.
  3. The rate of debit interest will be the prevailing Bank of England Base Rate plus a margin agreed with you upon acceptance, calculated daily on the cleared debit balance. If the Bank of England Base Rate changes, the debit interest you pay will mirror this change with immediate effect.
  4. If you go over the facility limit, we will charge you a daily overdraft fee at the rate specified in the Business Banking Price list (a copy of which is available on request), currently £4 per working day.
  5. As an overdraft is an "on demand" form of borrowing, we may, at any time, by writing to you, withdraw the facility and/or make demand for immediate repayment of all sums owed to us. Subject to this, the facility is due for review on an annual basis. If renewed, the renewal fee will revert to our standard charge, presently 1.25%, minimum £50.
  6. You must be aged 18 or over. Credit is subject to status.

Small Business Loan

For Small Business Loans agreed and drawn between 4th January 2010 and 28th February 2010 inclusive, provided the amount borrowed is for £10,000 or more and the total number of repayments applicable to your Loan is more than 24, then when you complete repayment of the outstanding amounts due under this Agreement on the last repayment date under this Agreement, we will credit the account used in repayment of the Loan with an amount equivalent to 25% of the total interest paid on the amount of the Loan (excluding interest on overdue sums or on sums paid in compensation for our costs in instances of default). If the Loan is repaid early, or if, for any reason, this Agreement is terminated before the last repayment date then this clause will not be applied and no Repayment Reward will be payable.


Invoice Finance

Smaller business customers accepting an offer of an invoice finance facility with HSBC Invoice Finance with a minimum term of 15 months will receive the initial three months of the credit protection service free of charge. Offer is subject to eligibility and availability*

*Applies to customers accepting an offer between 1st January 2010 and 31st March 2010 and commencing within 30 days of acceptance or within 30 days of the end of the notice period given to another invoice finance provider. Applies to customers eligible for the Invoice Finance for Smaller Business service only.


Business Protection Plan

  1. This 50% monthly premium discount offer applies to Business Protection Plan applications signed and dated between 4 January 2010 and 26 February 2010. We must receive the fully completed and signed application form before close of business on 13 March 2010.
  2. Each Business Protection Plan application is subject to the underwriting and acceptance criteria of HSBC Life (UK) Limited.
  3. Business Protection Plan policy terms and conditions apply.
  4. This offer does not apply to any existing Business Protection Plan applications or policies, or any Business Protection Plan applications which will replace either an existing Business Protection Plan policy or a Business Protection Plan policy which is cancelled at any time during the offer period.
  5. The 50% premium discount applies during the first 12 months from commencement of the Business Protection Plan policy. On the first anniversary and for the remaining term of the policy, the full premium without any discount shown in the policy schedule will be payable each month.
  6. HSBC reserves the right to withdraw or amend this offer subject to reasonable notice of such withdrawal or amendment.
  7. This offer cannot be used in conjunction with any Business Protection Plan offer.

Card Processing

  1. Existing Terms and Conditions and eligibility apply, except as varied by these offer terms and conditions.
  2. Reduced set-up fee and terminal rental offer applies to eligible customers (excluding any new entity renting a terminal in respect of a business we have processed or rented a terminal to before) who are new to card processing or those that move their existing card processing to HSBC Merchant Services from another acquirer. The offer is also available to customers currently undertaking Card Not Present transactions who decide to take card present transactions.
  3. Offer excludes ‘Fixed Price’ packaged products, Affinity Group sales and new products for our existing card processing customers.
  4. This offer is capped at 2 terminals (Sagem 930SEM) per merchant.
  5. We reserve the right to refuse any application for a product or service.

Business Internet Banking

  1. Information on how to enter and prizes form part of these conditions of entry.
  2. The Promotion starts at 12.01am on 4 January 2010 and closes at 11.59pm on 28 February 2010 ("Promotion Period"). Weekly draws run from 12.01am on a Monday to midnight on the following Sunday.
  3. The Promoter and Coordinator is HSBC Bank plc, 8 Canada Square London E14 5HQ.
  4. There will be one Grand Prize Draw on 10 March 2010, and 8 weekly draws running from 4 January 2010 until 28 February 2010.
  5. The Business customer will receive the prize money and not the specific user.
  6. The Prize Draws are open to all businesses/organisations that are domiciled in the UK (excluding Channel Islands) and are registered for Business Internet Banking with the exception of those directly connected with employees of the Promoter and Co-ordinator, their agencies associated with this promotion and their immediate families.
  7. All eligible businesses that successfully logon during the promotion will be entered into the grand draw and into the relevant weekly draw.
  8. The Eligible Entrants will be entered into the Prize Draws and randomly selected by HSBC Bank plc. An independent person will be present for each draw. The winning name for the weekly draws will be drawn on the Wednesday following the end of the relevant week. The grand draw winner will be drawn on 10 March 2010.
  9. A maximum of one entry per user per draw.
  10. For the weekly draw 1 winner will be drawn for each draw (a total of 8 weekly draws will be held) and will received £250 credit to the current account. For the grand draw 1 winner will be drawn and they will receive £10,000 credit to their current account.
  11. The Winner from the 10 March 2010 prize draw will be notified by email by 26 March 2010 and the winners from the weekly prize draws will be notified by email by the Friday following the completion of the relevant week.
  12. The Winner agrees that HSBC may use the name and address of the winner for promotional, marketing or publicity purposes, unless otherwise advised by us.
  13. A Winner may be liable to declare his/her prize for taxation purpose and is responsible for payment of any tax, if any.
  14. The Promoter and Co-ordinator will not be responsible for any act, omission, failure or delay not reasonably within their control.
  15. A list of Winners names can be obtained 28 days after the closing date by sending a Stamped Addressed Envelope to:
    Business Internet Banking Winners,
    HSBC Bank plc, ECMB Department,
    Level 33, 8 Canada Square, London
    E14 5HQ
  16. The Winner will need to accept these terms and conditions to be eligible to accept the Prize.
 

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